Aim — A mix of financing methods is often required for high risk projects. The Innovation Credit can be the catalyst to achieve this mix.
More information — The maximum project duration is four years. The credit is made available in stages, on the basis of interim results. If the project is completed and the commercial launch phase begins, the repayment of the loan starts. A repayment schedule will be agreed upon in advance. If your project technically fails, you do not have to repay the loan.
Who can apply
Type of organisations targeted — Private company
Specific organisations targeted — Dutch Small and Medium Enterprises (European SME definition)
Type of projects — Implementation
Specific type of projects — Big and small innovative research projects
Project stadia — Research and development
Target world region — Europe
Specific information on target countries — The Netherlands
Criteria — Only projects which are technologically innovative. The technical challenges are carefully mapped. The commercial perspective of your project should be promising. The project should fit the nature of the company. You have your financing needs accurately mapped
How to apply
Application procedure — A quickscan can be performed and a consultant will inform you about the chances of success. A full application form can be completed after this interview. Your application should contain a business plan, a project plan and a financial plan.
Selection procedure — Application will be processed within 16 weeks