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This Award is for an international business cooperation involving at least one private entity from the European Union, and another from the private, public, non-governmental or academic sector in an emerging or developing country.
The cooperation must be a business relationship which makes a significant contribution to one or more of the three elements of sustainable development (environmental protection, economic development, and social development) by transferring or sharing knowledge or technology or a management system.
The business cooperation should be part of a commercially viable business operation and be planned effectively and adequately resourced to achieve its stated objectives. These might include:
The list of emerging and developing countries given in International Monetary Fund’s (IMF) World Economic Outlook Report 2010 can be used as a reference point for indicating which countries are eligible.