BIO Feasibility study & Technical Assistance
BIO stands for Belgian Investment Company for Developing Countries. The mission of BIO is to support a strong private sector in developing and emerging countries by providing access to medium- and long term financing. BIO has a particular focus on the food chains; agriculture in all matters concerning food crops (intended to feed the local population), export cultures and breeding, and agri-processing industry.
Through its Capacity Building Fund, BIO provides grants to co-finance feasibility studies and technical assistance programmes. BIO invests directly in local SMEs and large companies with a local foothold. A feasibility study is considered an essential step in the process of creating or developing a company.
- The feasibility study aims to prove that a project is technically viable, economically profitable and is a pre-requisite in the drafting of the business plan.
- Grants for feasibility studies are provided up to a maximum of 50% of their total cost and capped at EUR 100,000 per project.
BIO can also support technical assistance programmes upon request of its investee companies in order to improve performance, become more competitive and strengthen the impact on sustainable development through training, advice and skill transfers.
These grants are non-refundable.
BIO is focussed on (a) Least Developed Countries (b) Low Income Countries and (c) Low Middle Income Countries in Africa, Asia and Latin America. Since the beginning of 2014, BIO can also invest in the (d) upper middle-income countries.