Germany's IFE Offers Funding for Green Projects by Egyptian Companies
Grants from Investing for Employment can range from €1 million to €10 million.
Investing for Employment (IFE), a facility that is part of the German Federal Ministry for Economic Cooperation and Development’s Special Initiative on Training and Job Creation, has opened its first Call for Proposals in Egypt. The regional facility is an investment mechanism that supports the creation of employment opportunities throughout Africa, offering co-financing grants for projects that can generate a large number of jobs.
The focus of this Call for Proposals will be on the Green Economy. Although companies from other sectors are welcome to apply, priority will be given on projects that concern such subjects as green cities, sustainable energy and transport systems, waste management and biodiversity. The Call for Proposals seeks four types of projects: Pubic Infrastructure for Job Creation (IFE covers up to 90% of the cost), Common Service for Job Creation (IFE covers up to 75% of the cost), For-Profit Projects with impact going beyond the applicant’s entity (IFE covers up to 50% of the cost), and For-Profit Projects that focus on job creation directly within the applicant’s entity (IFE covers up to 25% of the cost).
Grants from the IFE can range from €1 million to €10 million, although the applicant will be required to contribute their own funds to finance the project. Individuals and consortia may apply, although they must have three years of market experience. Applications must submit a concept note before January 24th, 5 PM CET, through https://smartme.adalia.fi/login/IFE.
Questions may be submitted before January 17th by sending an email to email@example.com. Webinars with further information will be available on December 6th, 13th and 20th at 9 AM CET on Invest for Job’s ZOOM platform.
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