Do you run a small or medium enterprise or a startup in the province Noord-Holland? And are you planning a proof-of-concept project, in which you will prove the efficacy of an innovation? You may be eligible for a loan with the Innovation Fund Noord-Holland(Innovatiefonds Noord-Holland). You can take out a loan between €50,000 and €300,000.
The duration of the loan is at most 10 years. It is a convertible loan, meaning you do not have to pay anything back in the first few years. After that, the loan will be converted to a regular loan or shares in your company. The interest will be 8% every 12 months.
When do you qualify?
You qualify for a loan if:
- Your company is based in Noord-Holland
- Your proof-of-concept project contributes to the Noord-Holland economy
- You, your company, your employees and ultimate beneficial owner (UBO) meet the demands for integrity, as set out in the Public Administration Act (Bibob), and socially responsible entrepreneurship
Read more about the terms and conditions (pdf) of this loan.