The Development Fund provides loans to develop a feasible idea into a fully-fledged business concept including business plan - the proof of concept.
The development which is being financed must result in:
- a product or service;
- a business/entrepreneur;
- a business plan;
- intellectual property.
The loan amount varies between euro 50,000 and euro 250,000 per application, subject to market interest rates and according to the risk profile and the security (EU Communication 2008/C 14/02).
The loan must be repaid within one to six years.
- You need to submit your application to LBDF.
- LBDF will assess the eligibility of your application.
- You will then need to cooperate with LBDF to process the application further.
Applications are assessed first and foremost on the basis of:
- technical feasibility;
- market potential;
- economic feasibility;
- feasible cash flow forecasting.
If your application meets these criteria, we will forward your application to an external panel of experts, who will issue their opinion.
LBDF will assess the application in consideration of the experts’ opinion. If you are successful, a loan agreement will be drawn up.