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Innovation Credit Scheme

This information is provided by

Netherlands Enterprise Agency, RVO

If you use (clinical) technology to develop a new product, medicine or device, you may be eligible for the Innovation Credit Scheme.

When do you qualify?

The Innovation Credit schemeExternal link (in Dutch) is used to stimulate development projects to which financial risks are attached. The Innovation Credit is available for innovative SMEs and SMEs+ that require financing. To be eligible you must meet the requirementsExternal link (in Dutch), amongst others:

  • Businesses must be established in the Netherlands.
  • Projects should lead to a viable 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.
  • There should be enough financial resources to complete the project (together with the funding), including any setbacks.

The amount of funding you receive depends on the size of your business. The maximum amount of funding for a medical project is €5 million, for technological projects this is €10 million. Half of the total budget will be allocated to technology projects and half to medical developments.

Corona: payment extension

As a result of the corona crisis, conditions for this Innovation Credit scheme have been easedExternal link (in Dutch). Participants get a 6 month extension of interest payments and repayments. You start repayments again on 1 October 2020, this means your repayment schedule will be extended. Interest on your Innovation Credit will be added to your outstanding balance. Please note: you are not obliged to make use of this extension.

How to apply

If you intend to apply for the Innovation Credit schemeExternal link (in Dutch) with the Dutch Enterprise Agency (RVO), it is advisable to to do a quick scanExternal link (pdf, in Dutch) to assess if your plan is eligible.

This article is related to:

This information is provided by

Netherlands Enterprise Agency, RVO