Innovation Credit: Application process

Preparing your application

Prepare well for your Innovation Credit application:

1. Read the conditions for Innovation Credit.
2. Complete the Quick Scan without obligation.
3. Find out which attachments you must submit with your application.

Innovation Credit Quick Scan

With the Quick Scan, you can present your plan or project idea to us and receive non-binding advice. This means you are not bound by any further obligations. After you complete a form, a financing advisor will contact you within 4 working days. You will then discuss your project and the possible next steps.

Complete the Quick Scan

From application to decision

Step 1: Submit a complete application

After submitting your application, the advisers check whether it is complete. Is that the case? Then, the advisers analyse the submitted documents and schedule an intake. Usually, intake takes place 2 or 3 weeks after submitting a complete application, depending on the availability of all involved parties.

Step 2: Intake and (if necessary) in-depth information

During the intake, the Innovation Credit advisers ask in-depth questions. These questions may require you to provide additional information. Or you need to incorporate the questions into the documents supplied (such as the financial, business, or project plan). It usually takes 4 weeks to deliver the additional information.

Step 3: Management meeting

After the advisers receive any in-depth information, they will schedule a management consultation at your company. This meeting is intended to finalise your application. During the consultation, the consultants will better understand the management and the company. There is also an opportunity to ask further questions about your application. Usually, the management consultation takes place 2-3 weeks after the submission of the in-depth information. All stakeholders (including the advisers, your management, and others involved in the application) can then attend the consultation. 

Step 4: Consultation between advisers and advisory committee

After the management consultation, the advisers advise the programme coordinator, who is responsible for making decisions on the application (the 'mandated one'). They then share your application and their advice with the advisory committee. The advisers further explain their advice during the advisory committee meeting. After this, the advisory committee also advises the programme coordinator. 

The advisory committee meeting usually takes place on the first Monday of the month. There are usually 2-3 weeks between the management and advisory committee meetings.

Step 5: Decision

The programme coordinator makes a decision based on your application, the advisors' advice, and the advisory committee's advice. This decision can be positive, positive with conditions, or negative. It usually follows a week after the advisory committee meeting.

Engage in Responsible Business Conduct

In the production and services of your company, please consider the consequences for humans, the environment and society. Responsible Business Conduct (RBC) is not only good for the world but also for your company. We would like you to include RBC as a subject in your business plan for your application. 

Describe your RBC opportunities and risks

RBC opportunities, positive effects, and RBC risks relate to their impacts on people, animals, the environment, and society. This may include topics such as health, climate change, water use and working conditions. When applying for funding, please address these opportunities and risks in your application:

• Explain which RBC opportunities and positive effects you foresee in relation to your company/innovation.
• Describe the main RBC risks relating to your company/innovation/future production chain and what you are doing to mitigate these risks. Please list at least 2.

Clinical projects and responsible licensing

For clinical projects, we would also like to understand how you incorporate the principles of Responsible Licensing as established by the Dutch Federation of University Medical Centres, into your work.

We encourage all organisations to practice corporate social responsibility. Would you like to know more? Visit our RBC page or contact one of our advisers.

Advisory committee Innovation Credit