Foreign Affairs says the BPP forms part of the Australian government's partnership with the private sector and supports economic growth and job creation.
The BPP will match funding from businesses to invest in projects in target countries, including Papua New Guinea, that have both a social and commercial return. Support available through BPP ranges from $100,000 to $500,000 per project.
Digicel is PNG's previous recipient of BPP funding for the company's solar energy solutions for off-grid households and businesses project, which picked up a 2017 Shared Value Award.
Sectors eligible for funding under BPP Round 3 include resources and clean energy; agriculture; water and fisheries, ICT and financial inclusion; and education and health.
Gender equality is a cross-cutting theme that needs to be addressed in all BPP applications.
All BPP applications must also align to the five core elements of partnership, gender equality, social impact, commercial viability and value for money.
Applications for BPP funding close on August 10, 2018.
To apply or learn more about BPP, visit www.dfat.gov.au/bpp/round3
or contact Julienne Leka-Maliaki(Julienne.Leka-Maliaki@dfat.gov.au) or Simon Dawkins Simon.Dawkins@dfat.gov.au) at the Australian High Commission in Port Moresby.