Innovation Credit: Application process
You want to apply for credit for the development of a promising and challenging innovation with an excellent market perspective. Read more about the application process.
Preparing your application
Prepare well for your Innovation Credit application. Read the conditions for Innovation Credit, and complete the Quick Scan without obligation.
From application to decision
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, the intake takes place 2 or 3 weeks after submitting a complete application, depending on the availability of all involved.
During the intake, the 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.
After the advisers receive any in-depth information, they will schedule a management consultation at your company. During this 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 (such as the advisers, your management and others involved in the application) can then attend the consultation.
After the management consultation, the advisers advise the programme coordinator, who is in charge of 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 every first Monday of the month. There are usually 2-3 weeks between the management and advisory committee meetings.
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.
Attachments to your application
You must include the following attachments in your application:
- business plan;
- project plan;
- financing plan;
- documentary evidence of other financing of the project and the company during the project period;
- latest financial statements (or opening balance sheet) and financial report for the current fiscal year.
- an SME assessment (in Dutch) to determine the size of your business. The credit percentage you are eligible for is based on the SME assessment.
- legal organisational structure of the entire company;
- extract from the Chamber of Commerce of both the entity applying for the Innovation Credit and the entities in the direct administrative line upwards;
- Articles of Association of both the entity applying for the Innovation Credit and the entities in the direct administrative line upwards;
- copy of the identification of both the director(s) and the contact person of your organisation.
Please read the explanation and focus points of these attachments carefully.
Application
You can apply for Innovation Credit year round. The application form is in Dutch. Your attachments may be in English. It is very important that you complete the application for the Innovation Credit in full, as we process applications in order of completeness. Below, you read more about and the attachments you need to complete to submit a full application.
You will need to log in using eHerkenning (eRecognition). For your application, you need at least Level 2+ with Netherlands Enterprise Agency services authorisation at Level eH2+.
Practice corporate social responsibility
In the production and services of your company, please consider the consequences for humans, the environment and society. Corporate Social Responsibility (CSR) is not only good for the world but also for your company. We would like you to include the subject of CSR in the business plan for your application. We encourage all organisations to practice corporate social responsibility. Would you like to know more? Visit our CSR page or contact one of our advisers.
- Ministry of Economic Affairs
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