The Dutch government has started a variety of financing programs aimed at bridging the gap between start-up and scale-up. Where tax incentives such as the WBSO and Innovatiebox provide a delayed cashflow advantage, and subsidies such as the MIT function as a multiplier on existing investments, government-backed credit lines might be the answer to your financing question.
SUBtracers combines its expertise in government programs and its network of financing/banking partners to aid in the application of government financing programs. By being able to present your business case the right way, as well as linking with the right industry partners, you’re sure to be getting the financing package that’s right for your innovation.
Programs and Focus Points
The main focus points of these programs are the development of products/software and development of new technologies/innovation. Reach out and inquire about the following programs:
- “VroegeFaseFinanciering” (VFF): Literally translated: early stage financing. Meant for entrepreneurs with an innovative early stage idea or product. The government provides a €50K-€350K credit line to kickstart product development.
- “Borgstelling MKB-Kredieten” (BMKB): A traditional bank loan with the Dutch government as a co-signer. With this program, financing through a loan becomes attainable for start-ups with decent cashflow that might lack traditional assets or profitability on the books. Companies with a granted WBSO tax credit are eligible for more attractive terms and conditions.
- “Achtergestelde Innovatie Lening”: Another credit line meant for early stage innovative ideas. Eligible ideas and/or products are those in the categories Circular, Food, Renewables, and Vitality (health).
- “Innovatiekrediet”: This program entails a credit line issued directly by the Dutch government. It’s meant to propel innovative products with a high level of technological risk to market launch or to clinically develop a medicine. The max credit line for products is €10 million and for clinical development €5 million.
- SEED Capital: A collection of investment/VC funds with varied investment strategies and focus areas. Examples of investment focus areas are medical/health-technology, high-tech products and software.