The Hague, June 2009

Dutch Agency for international business and cooperation EVD launches second PSI tender 2009 for entrepreneurs

PSI has two granting procedures per year. The closing date for the second PSI Tender 2009 is on 24 August 2009, at 17.00 PM. The EVD must have received the original proposal by then.

PSI subsidies are available for Dutch and foreign companies entering into long-term cooperation with local partners in developing countries.

Submitted projects are judged, among others, by the standard of local innovation. One of the beneficial side effects of PSI is that it introduces developing countries to new knowledge. Furthermore, both parties must be financially sound. In addition, the scale of planned expenditure must ensure further investments in the future.

The maximum project budget for all countries is 1.5 million euro. The contribution for 45 countries is 50 percent. For the so called 5 PSI Plus countries this is 60 percent. The 50 countries included in the subsidy programme are listed on our website  www.evd.nl/psi.

The objectives of PSI are to stimulate financial growth, create employment opportunities and generate income in developing countries. This is achieved by providing companies with an opportunity to make an innovative investment together with a local partner. The EVD carries out the PSI for the Dutch Ministry of Foreign Affairs/Development Cooperation.

Read more about PSI at  www.evd.nl/psi where you can also find the relevant application form.

Or call PSI on: +31-70-7788513.
Or call the Economic Department of Dutch embassy in Jakarta: +62-21-5241029