Innovation Credit Scheme
Published by:
Netherlands Enterprise Agency, RVO
< 1 min read
Credit, loan, or guarantee
Does your company work on a promising and challenging innovation? For example, you develop a new product, medicine, or device? You can apply for a loan under the Innovation Credit Scheme.
The amount of credit you can apply for depends on the size of your company and whether you carry out the project in a partnership or on your own..
When do you qualify?
To be eligible you must meet the requirements, amongst others:
- Businesses must be established in the Netherlands.
- Projects should be innovative and challenging.
- Projects should be viable according to research (Proof of Principle)
- Projects should lead to a marketable product, process, or service within 5 years.
- The minimum project size of the innovation credit is €150,000.
- Projects should contribute to the Dutch economy.
- You must finance at least 55% of the project costs from other sources and you must make sure there is a buffer for setbacks.
How to apply
You have to do a quick scan to asses if your plan is eligible (in Dutch). You can then apply for the Innovation Credit scheme to the Netherlands Enterprise Agency (RVO).