LuxAid Demonstration Fund
Carbon credits 4 clean cooking
Enterprise
BioMassters
Presentation of the enterprise
Founded in 2020, BioMassters is trialing high efficiency stoves and carbon credits as a market solution in Rwanda.
Amount of co-financing
EUR 334,000
- Rwanda
- 2024
- Ongoing
Challenge
Use of charcoal and wood as fuel is a significant source of pollution, including in-door pollution, and CO2 emissions in Rwanda. Furthermore, wood and charcoal as fuel source are putting pressure on natural ecosystems, as well as household expenses.
Innovative solution
Biomassters offers highly efficient pellet stoves for domestic use, helping to reduce the use of charcoal or wood. In order to maximise cost efficiency of usage of pellets, the company is also distributing carbon credit revenues to users.
Impact
- Market expansion aiming to reach +7,000 clients in 2024 and +10,000 in 2025, thus providing a cheaper clean cooking method (pellets cost 30% less than charcoal) and new resources for users through carbon credits received
- Reduction of CO2 emissions (approximately 1 to 5 tonnes per household)
- Decrease in health risks and domestic pollution
Targeted Sustainable Development Goals
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Creating a solution that lowers the daily effort and expense for every household produces an immediate and sustained impact on poverty.
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By employing a more efficient fuel source and distributing revenues through carbon credits, costs are reduced, and users can generate additional revenue.
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The users improve their health conditions and well-being through less indoor pollution (reduced household air pollution by up to 99%).
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Pellet stoves, utilizing more cost-effective and environmentally friendly resources than those typically employed, provide users with access to an affordable and clean cooking solution.
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Substituting wood fuel sources reduces the risk of using potentially unsustainably harvested wood, thereby mitigating forest degradation.
Latest news about the project
News
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Business Partnership Facility
Sep. 2025Launch of the 14th edition of the BPF: Boost your impactful projects in developing countries
Business growth and positive impact? Yes, it’s possible! Whatever your sector, the Business Partnership Facility (BPF) can help your enterprise expand internationally while contributing to a fairer, more inclusive and sustainable future. -
LuxAid Demonstration Fund
Oct. 2025Boosting impact, building futures: Rwanda’s innovators backed by Luxembourg
On Thursday, 16 October 2025, Kigali came alive with the spirit of innovation for impact. The Embassy of Luxembourg hosted a high-level ceremony dedicated to the LuxAid Demonstration Fund (LDF), a flagship initiative of Luxembourg’s Development Cooperation, implemented by LuxDev, the Luxembourg Development Cooperation Agency. -
Business Partnership Facility
Sep. 2025The BPF, a driver of sustainable business
The Luxembourg State supports the creation of innovative partnerships, inviting the private sector to invest in developing countries. Through the Business Partnership Facility (BPF), Luxembourgish or European companies join forces with foreign partners to generate positive societal impact. Discover in Paperjam the story of e-LMA and Swiss Premium, a win-win… -
Business Partnership Facility Sep. 2025
From Luxembourg to Kosovo: Building the finance of tomorrow
Read the interview of Jabir Chakib (CEO of e-LMA) and Ilir Ibrahimi (CEO of Swiss Premium) to have their insight on this BPF-backed project in Kosovo. -
LuxAid Challenge Fund
Apr. 2025LuxAid Challenge Fund: 15 innovative entrepreneurs pitched their projects in Benin
The LuxAid Challenge Fund in Benin has reached a major milestone with the recent Pitch Days held in Cotonou… -
LuxAid Challenge Fund LuxAid Demonstration Fund
Apr. 2025Inspiring Pitch Days for LuxAid Demonstration Fund and LuxAid Challenge Fund in Kosovo
The call for proposals under the LCF and the LDF in Kosovo has reached an exciting milestone with the recent Pitch Days held in Pristina… -
LuxAid Challenge Fund LuxAid Demonstration Fund
Nov. 20242 M EUR boost for Kosovar business innovators tackling key challenges in manufacturing, education, healthcare and mobility
The Luxembourg Development Cooperation has just opened a call for proposals targeting enterprises with bold, innovative solutions to tackle societal challenges. Through the LuxAid Challenge Fund (LCF) and the LuxAid Demonstration Fund (LDF), businesses can secure up to EUR 350,000 in co-financing to scale transformative ideas in manufacturing, education, healthcare,… -
LuxAid Demonstration Fund
Sep. 2025Pitch Days spotlight: Rwandan innovation through the LuxAid Demonstration Fund
The LuxAid Demonstration Fund (LDF) in Rwanda has reached an exciting stage with the successful completion of its Pitch Days in Kigali…
