Innovation Fund Noord-Holland
Week of Regional Entrepreneurship – Innovation Fund Noord-Holland
From 20 August to 24 August, the gong ceremony at Beursplein 5 focuses on the activity and entrepreneurship in the various regions in the Netherlands. Trading is opened by the Innovation Fund Noord-Holland, which was founded by the province of Noord-Holland, the holding companies of the University of Amsterdam, the Amsterdam UMC and the University of Applied Sciences (HvA) and Sanquin.
Entrepreneurs in the province of Noord-Holland in small and medium-sized enterprises and start-ups that originate from the knowledge institutions can receive a loan for the development of a sustainable and innovative product or process. The Innovation Fund provides loans during the so-called Proof-of-Concept phase of the development of a new product or process. In this phase there is a detailed idea on paper that has to be put into practice, for example by building a prototype. Practice shows that traditional financiers are hesitant to invest in the early phase. That is why the province of Noord-Holland, together with a number of important knowledge institutions, has set up this Innovation Fund. Special attention is given to initiatives in the areas of circular economy, sustainable mobility and energy transition and in the area of health care. In the first phase, 12.5 million euros is available, of which the European Union contributes 5 million. In total, 21 million is available in the long term. The province of North Holland contributes a total of 8 million euros.
For more information: www.innovatiefondsnoordholland.nl