How we invest
BIO invests directly and indirectly in SMEs in emerging and developing countries and structurally contributes to their socio-economic growth.
BIO handles each investment project with the utmost care and confidentiality. The duration
of the investment process varies on a case by case basis.
Please go to the "Apply for Investment" section to find a detailed description of the process, as well as all documents you need to apply for funding or grants.
Our geographical scope
BIO invests in Least Developed Countries, Low Income Countries, and Lower-middle Income Countries (i.e. the OECD's DAC-list). BIO can also invest in upper middle-income countries and pays particular attention to the partner countries of the Belgian Development Cooperation and to less developed countries.
Our investment strategy
The 2024-2028 Investment Strategy follows the main priorities of the 2024-2028 management contract in terms of impact, operational scope and principles, and risk and return expectations. It will be implemented alongside the framework of BIO’s law of 03/11/2001, lastly modified by the law of 25/10/2018, and of the third management contract dated 22/12/2023.
Strategic Impact Framework
The primary purpose of BIO’s Theory of Change (ToC) is to provide external stakeholders with a better understanding of BIO’s activities and ultimate contribution to the SDGs.
The ToC 2024 2028 integrates the Strategic Impact Targets (SITs) within the description of the outputs (tangible, immediate effects that result from the activities that are undertaken). Outputs fall within BIO’s sphere of control, unlike outcomes and ultimate impact, that rather fall within BIO’s scope of influenc
