The coronavirus crisis is affecting businesses across the country. For innovative startups, there are several opportunities to grow in these times. Startups in the Netherlands can now apply for venture capital from 6 new funds. In total, 67.5 million euros of venture capital is available.
6 new funds
For the first time ever, a pension fund is involved in the Seed Capital Scheme. Dutch pension fund ABP is investing in the Rockstart Energy Fund via its investment organisation APG. The Rockstart Energy Fund focuses on startups working on the energy transition. The other funds focus on:
- Borskifonds – women entrepreneurs;
- Rubio Impact Ventures – sustainability;
- CapitalT – data and software for, among others, healthcare, education and business activities;
- LUMO Fund II – software for new technologies like AI and virtual reality;
- Percival Participations III – entrepreneurs who want to grow their business using patented or protected technology.
The Seed Capital scheme
Via the Seed Capital scheme, both the Dutch government and private investors contribute to the funds for startups. The government contributes a maximum of 50%. The 67.5 million euros now available to startups came from the most recent tender for the Seed Capital scheme from the Ministry of Economic Affairs and Climate Policy. Of this amount, the Ministry of Economic Affairs and Climate Policy contributed 32 million euros.
Need startup funding or advice?
The Netherlands Enterprise Agency offers advice and government funding as well as events and an international network. There are many programmes and subsidies that can help you launch and grow your business.