Costa Rica – Call for proposals – LuxAid Challenge Fund

Secure co-financing to fast-track your high-impact business innovation in Costa Rica

Are you an enterprise based in Costa Rica? Are you building a high-impact, market-ready solution in Agritech or Fintech? If funding is the missing piece to fast-track your innovation, this opportunity is for you. Benefit from up to EUR 120k in co-financing to bridge the pioneer gap and accelerate your growth. Discover the LuxAid Challenge Fund (LCF)!

The call for proposals is now open in Costa Rica! You have until 30 March 2026 to apply!

The LuxAid Challenge Fund is an initiative from the Luxembourg Development Cooperation aimed at pioneering commercial solutions that tackle development challenges.

It targets startup enterprises that have already tested their innovative product or service on the market with first customers and have therefore achieved commercial revenue. Co-financing from the LuxAid Challenge Fund will support enterprises to implement projects lasting 1-2 years with a demonstrable impact on the Sustainable Development Goals (SDGs) through increasing the customer base, matching the business model to the market, and/or preparing for a first external investment.

Through this first call for proposals, 3 – 4 innovative solutions will be granted up to EUR 120,000 per project, representing up to 70% of their project costs.

Agritech, Fintech

EUR 50k to 120k

30 March 2026

Costa Rica

Selection process

  • 1

    Call for proposals

    Submission of applications on the dedicated submission platform

    • Detailed presentation of project;
    • Associated budget;
    • Supporting documents proving eligibility;
    • Etc.
  • 2

    Pre-selection

    Eligibility and exclusion criteria checks

    Analysis and pre-selection of applications according to selection criteria

     

  • 3

    Due Diligence

    Field visits

    Analysis of additional information and documentation

  • 4

    Pitch Days

    Pitch sessions in front of the Selection committee

  • 5

    Selection Committee decision

    3 to 4 projects are selected and notified about the Selection Committee decision.

  • 6

    Award ceremony, contractualisation and start of the project

    Pitch by the winners during an officiel ceremony

    Negotiation of the key results indicators and target values

    Signature of a co-financing agreement between each selected enterprise and LuxDev

    Regular monitoring and evaluation for each awardee

  • Submit your application!

    Applications must be submitted in English by 30 March 2026, via the online portal:

    For a helicopter view on the call for proposals, check our flyer:

    Before delving into your application, make sure you have a thorough understanding of this call for proposals. Our Practical guide brings together all the useful information about the call. The submission template gives you an idea of what to expect in your application.
    NB: The application must be completed on the online platform, not by filling in this PDF file. The Results indicators matrix template will also be part of your application.

    Come to meet us and ask the project team your questions

    You missed our information webinar on 26 February 2026? Check the slides of the presentation and the replay.

    In the spotlight

    Relive some of the broadcasts of the campaign!

    FAQ

    Our FAQ is regularly updated to answer new questions from candidates. Don’t hesitate to have a look – you’re sure to find an answer to your questions.

    Want to spread the word?

    Feel free to share our brochure, press release, newsletter articles, or post on your favorite social media platforms (suggested posts and associated visuals available upon request).

    Connect with LuxDev on:

    For any questions, don’t hesitate to contact our communications team.