Unlocking Agritech and Fintech innovation potential in Costa Rica

The Luxembourg Development Cooperation and the Costa Rica Ministry of the Economy, Industry and Commerce (MEIC) are joining forces to support Costa Rica’s most ambitious Agritech and Fintech innovators. Early-stage business proposing a high-impact solution are invited to apply before 30 March 2026.
Up to EUR 120,000 in co-financing is available for game‑changing projects ready to grow. Costa Rica’s innovation ecosystem is accelerating. Together, Luxembourg and Costa Rica are opening new pathways for a stronger, more sustainable economy.

Costa Rica’s innovation landscape is gaining momentum — and the Luxembourg Development Cooperation, with the support of the Costa Rica Ministry of the Economy, Industry and Commerce (MEIC), is stepping in to strengthen it further.

The LuxAid Challenge Fund (LCF) is a pioneering initiative designed to support early‑stage companies. Previously launched in Europe and Africa, a new call for proposals is now open in Costa Rica, targeting companies developing high‑impact solutions in Agritech and Fintech.

This growth opportunity is open to enterprises that already have a product or service on the market, have begun attracting customers, and are generating revenue.

What support do enterprises receive?

The LCF offers up to EUR 120,000 in non-reimbursable co‑financing for business projects running over 1–2 years. Funding is directed towards companies capable of delivering measurable social and economic impact.

Driving impact together

Luxembourg and Costa Rica share a strong commitment to addressing key societal challenges and building a resilient, future‑ready economy. To be selected, projects must demonstrate a clear contribution to the Sustainable Development Goals (SDGs).

Innovations in Agritech and Fintech are particularly encouraged where they have the potential to generate transformative, scalable impact across communities, markets, and society.

Eligibility at a glance

The LuxAid Challenge Fund is open to startups that:

• were registered between 1 June 2021 and 1 June 2025;
• employ at least two people;
• have tested their product or service in the market and generated initial sales revenue for at least three months;
• propose a 1–2 year business project centred around their innovation;
• can co‑finance at least 30% of total project costs.

Applications open until 30 March 2026

Interested enterprises must submit their proposals via the online platform by 30 March 2026. Ten shortlisted candidates will be invited to pitch to the selection committee in June 2026. Final decisions are expected in July 2026, with up to four awardees receiving LCF co‑financing of up to EUR 120,000 each.

Save the date!

An information webinar will take place on 26 February at 10:00 a.m. (Costa Rica time).

For more information: https://www.luxaidbusiness4impact.lu/en/opencall-lcf-costarica

The LuxAid Challenge Fund is financed by the Grand Duchy of Luxembourg and implemented by LuxDev, the Luxembourg Development Cooperation Agency, with the support of the MEIC.