The OVO Acceleration Fund
The OVO Acceleration Fund provides affordable, tailor-made loans to African start-ups whose projects have an impact qua sustainability. Not subsidies therefore, but repayable loans that incentivises entrepreneurs to actualise their ambitious growth. In this way, the fund is regularly replenished thereby ensuring that your donation has a lasting impact. It is due to this approach that OVO won the 'European Business Award for the Environment'.
OVO selects projects with an acceptable level of risk and an effect on sustainability in the local environment. Individuals as well as entrepreneurs and companies in Belgium can make a donation.
Due to the coronavirus crisis, vulnerable groups experience greater difficulties. That is why individuals will receive an exceptional 60% tax reduction in 2020 for each donation to officially recognized charities. In fact, a donation of 5,000 euros costs only 2,000 euros. Companies may deduct donations to recognized charities for tax purposes, which means a reduced tax burden.
Both individuals and companies receive a tax certificate from the King Baudouin Foundation as from 40 euros.
Discover more about the OVO Acceleration Fund, get to know the start-ups or read the frequently asked questions.