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50 deals in 5 years. Since its launch in 2016, the South-Holland proof-of-concept fund UNIIQ has become one of the most successful early-stage funds in Europe. After 50 deals, 96% of the UNIIQ startups still exist and the companies collectively already raised over €125m in follow-on funding. €1 from UNIIQ generates over €10 in follow-on funding. And that is an unprecedentedly high multiplier. Seven complete exits have already taken place and 418 jobs have been created. This makes UNIIQ the springboard to a successful scale-up. UNIIQ startups are also known for their impact: they make the world cleaner, smarter and healthier.

UNIIQ proves: in this phase you can invest very successfully

UNIIQ was founded in 2016 to bridge the riskiest phase from concept to promising company (as early as TRL-3). UNIIQ invests heavily in deep tech propositions – about 80% of the portfolio, almost always involving a hardware component – and in life sciences. These are high-risk, high-tech investments, often with a long payback period, which the market does not yet dare to enter. UNIIQ proves that you can still invest successfully in this risky phase.

UNIIQ companies make the world cleaner, smarter and healthier

The companies in which UNIIQ has invested are known for making the world cleaner, smarter and healthier. For example, batteries deliver 70% more energy thanks to LeydenJar’s unique technology, quantum research became accessible to smaller companies thanks to Quantware’s unique processors, and Oceans of Energy laid the world’s first offshore solar system in the North Sea.

Mayht was sold to Sonos for $100 mln.

“With us, the most unique, world-leading technologies see the first light of day, thanks in part to our university partners,” says fund manager Hans Dreijklufft. “Recently, our portfolio company Mayht was sold to Sonos for $100 mln. When the brothers came to us, you could still see the duct tape on the prototype, so to speak. We often see the potential of unique technology at a very early stage. And thanks to our large network of (inter)national investors, we also manage to attract follow-on funding for our companies.”

Production robots do 40% more work, and much more accurately

It is the ‘heart’ of the robot, the power drive. Robotics is developing at a rapid pace and yet the transmission systems – the parts that make the robot move – have hardly changed in the past 50 years. As a result, robots remain relatively heavy, complex, uncontrollable and expensive to this day. With the Archimedes Drive, IMSystems introduced the first major breakthrough in transmission systems in half a century. The ‘heart’ of the robot now functions with far greater precision, transferring power much more efficiently, in a more compact size and at lower cost. This makes the movements of robots more precise, more powerful and more controllable. With this drive, a production robot can do up to 40% more work in the same time. IMSystems received an investment from UNIIQ and later follow-on funding through another InnovationQuarter fund, IQCapital.

Hans Dreijklufft

Fund Manager UNIIQ

 

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Yesterday, Peter Kievoet (Director of Economy, Mobility and Spatial Planning of the Municipality of The Hague) gave the starting signal for the fifth edition of the International Market Entry Coaching (IMEC) programme. In this free course, 18 SMEs from The Hague region are preparing for nine months to achieve international success.

International market support for and by entrepreneurs in The Hague

The IMEC programme started for the first time in 2018. After the success of the first round, the program repeats every year. This year again, a new group of ambitious SME entrepreneurs will be given the opportunity to develop internationally. In the 5th year, participants can also choose Denmark as a target country. To celebrate the occasion, the ambassador of Denmark, Jarl Frijs-Madsen, came to the opening to wish the entrepreneurs success with their entry into the Danish market.

The selected companies receive intensive, personal guidance that prepares them for success on the foreign market in Germany, the United Kingdom or Denmark. The program consists of joint workshops, networking opportunities and personal guidance from experts from The Hague Business Agency, InnovationQuarter and knowledge partners from the target country of the entrepreneurs. In this way, they gain the appropriate knowledge needed for international success.

In addition, the program has gathered a diverse group of partners; MKB Den Haag, Economic Board The Hague, The Hague Tech, Ondernemend Nederland, NLinBusiness, Greenport West-Holland, WTC The Hague, Worldstartup, The Hague University of Applied Sciences and VNO-NCW. Here too, participants can make contacts and gain insights to enrich their knowledge.

Low-threshold knowledge sharing

In recent years, the program has already helped 60 companies expand abroad. Previous alumni confirm that in addition to insight, prospects and development, building new networks are particularly valuable. For that reason, the IMEC programme has opted for an expansion this year in the form of low-threshold knowledge sharing. “This year, we will start organizing alumni meetings. Here, experiences about international business are shared, and everyone gets a chance to expand their network. Naturally, we ensure that valuable insights are also shared on our IMEC platform, which every entrepreneur can visit themselves. In this way, entrepreneurs with ambitions abroad can learn from their predecessors”, says Elisa van Maanen, project manager of IMEC.

IMEC alumnus Valentijn goes for the second round

Valentijn Koppenaal from vBoxx already participated in 2020 and registered again this year. “Last time, I got a lot out of the programme. In particular, the legal tips and tricks and the personal guidance I received were priceless. That’s why I decided to participate again. After Germany, my ambition is to enter the Danish market.”

The companies participating in the 2022 edition are vBoxx, Iron Roots, Tiller, Six Dogs, Novasole, BonCode Software Remediation, InnoSer International, Human Insight, Laveen, Interactive Robotics, Wholy Greens, Lytho, Semansys Technologies, Hop en Stork, Isuna , Buro BRAND, Naïf and Zarttech.

SME deal

The IMEC programme is part of the SME deal ‘international entrepreneurship for and by entrepreneurs’ that InnovationQuarter and The Hague Business Agency are carrying out on behalf of the Municipality of The Hague and the Ministry of Economic Affairs and Climate Policy. “It is fantastic that we can already offer this successful program for the fifth time,” says Saskia Bruines, alderman for Economy. “This SME deal contributes to strengthening The Hague economy and the trade position of the Netherlands.” The Municipality of The Hague states that entrepreneurs who are active internationally are also usually more innovative, grow faster and spend more money on research. They are also less dependent on local market developments and have greater resilience and competitiveness.

Do you also want to expand abroad?

Are you an SME entrepreneur in The Hague region, and are you also interested in expanding your business abroad? InnovationQuarter and The Hague Business Agency are happy to help ambitious entrepreneurs. Contact Elisa van Maanen, Project Manager Internationalization & Trade via: e.vanmaanen@thehague.com for more information. Or register directly via www.innovationquarter.nl/imec.

What can we do for you?

Feel free to contact us.

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In 2021, InnovationQuarter successfully assisted 51 (foreign) companies with opening a new branch or expanding their existing activities in the Greater Rotterdam-The Hague Area. These companies expect to create 2,483 high-quality jobs in the coming years and to bring € 596 million in additional investments to the region. The number of jobs and invested capital are higher than in all previous years. The majority of these companies are of strategic and economic added value for the Greater Rotterdam-The Hague Area. The companies are mainly attracted by the strong sectoral clusters in the region, the logistical accessibility and the availability of talent.

Companies mostly active in innovative technologies and Life Sciences & Health

The companies that InnovationQuarter has supported with a new or an expansion investment in 2021 are innovative and technologically advanced. No fewer than 12 companies are starting R&D and/or production activities in the region. Most companies operate in the sectors Digital Technologies, Life Sciences & Health and High-Tech Systems & Materials.

Most of the Life Sciences & Health companies have established themselves in Leiden, while the high-tech and Digital Technology companies are mainly located in and around The Hague, Rotterdam and Delft.

In addition, many new branches and expansions took place in the Cybersecurity and Horticulture & Food sectors, followed by Aerospace, Energy, Circular Economy and Maritime & Port. The companies often seek affiliation with these strong clusters in our region and are attracted by the availability of talent. For example, the largest space company in 30 years is settling in the Greater Rotterdam-The Hague Area: the world leading Earth Observation satellite manufacturing and data company Satellogic. The international space company is setting up their largest satellite production facility to date in Berkel en Rodenrijs and will provide at least 80 jobs. The rich space and aviation ecosystem – with ESA-Estec in Noordwijk, Technology Park Ypenburg in The Hague, and close proximity to talent from TU Delft and Inholland University of Applied Sciences – were the deciding factors for establishing a location in the Greater Rotterdam-The Hague Area.

Contribution to regional societal challenges and sustainable goals

Most of the foreign companies that made a new or an expansion investment in the Greater Rotterdam-The Hague Area in 2021 are of strategic economic value for the region. They contribute to tackling societal challenges and are in line with the sustainable objectives of the region. These are, for example, companies that work on regenerative medicine, sustainable aviation and the circular economy.

An example is the American Bristol Myers Squibb (BMS) that chose the Leiden Bio Science Park for the construction of a European production center for cell therapy. The Finnish Neste is investing €190 million in the region in the construction of a production location for sustainable biokerosene and the British/American ZeroAvia is active in sustainable aviation fuel. Deep Branch, which works on the production of protein based on carbon dioxide, is joining the innovative ecosystem in Delft with a branch on the Biotech Campus Delft.

Another example of a site that contributes to ecosystems in the region is Nikon Biolmaging Lab. The lab provides specialized services to biotech and pharma organizations, such as access to advanced microscopy instruments and software and services from expert biologists and microscopists. Access to these tools and services at an affordable entry level is particularly important for start-ups and scale-ups.

The vast majority of companies come from Europe, followed by the US and China

No fewer than 22 companies come from Europe, an important part of which are from the United Kingdom, followed by the Nordics. For the second year in a row, most companies are from the UK, followed by China. The projects from the UK are often related to the ongoing uncertainty surrounding Brexit. The United States and China have decreased in share as countries of origin in 2021 due to (geo)political developments and the COVID pandemic.

“The 2021 results are exceptional, especially given the ongoing Corona pandemic and global travel restrictions. Not only is 2021 the year with the highest number of attracted investments and jobs; the type of companies in particular catches the eye. Mostly high-tech and innovative, aimed at providing products and services that contribute to societal challenges worldwide, in the Netherlands in general and in our region in particular”.

– Chris van Voorden, Head of Internationalisation at InnovationQuarter

Invest in Holland – national results

In challenging international times, the Netherlands is still well on the map for foreign companies. In 2021, 423 international companies chose our country with the help of the  Invest in Holland (IIH) network. This includes both new and expansion invest­­ments into the country. IIH is the partnership in which the Netherlands Foreign Investment Agency (NFIA), together with InnovationQuarter and other regional partners, attracts foreign companies at a national level. The 423 projects are expected to create nearly 13,400 direct jobs and an investment value of EUR 2.3 billion in the first three years. This brings the number of companies that opt ​​for the Netherlands back to the level of 2019. Brexit is still an important pillar in the annual results of the NFIA and the regional partners.

Successful national and regional cooperation

Completion of these 51 investment projects is partly a success due to the good national and regional cooperation. On a national level, InnovationQuarter works closely with the Netherlands Foreign Investment Agency – an operational unit of the Dutch Ministry of Economic Affairs and Climate Policy – and is a partner of the Invest in Holland network. At a regional level, InnovationQuarter has been working both strategically and operationally with Rotterdam Partners, The Hague Business Agency and DEAL Drecht Cities since 2014.

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InnovationQuarter’s own fund – IQCapital – will be expanded with € 63.6 million to a total size of € 140 million. This will give IQCapital more room to accelerate the growth of innovative Zuid-Holland scale-ups and startups, to invest early in deep- and high-tech propositions and to further strengthen the investment climate. The additional fund capital comes from the Ministry of Economic Affairs & Climate Change and the existing shareholders of InnovationQuarter.

InnovationQuarter is by far the most active investor in South Holland. Its own fund IQCapital has made over 90 investments in more than 50 companies since its inception in 2014. In total over € 70 million was invested in these companies to date. Most capital was invested in the Life Sciences (33%), Digital Technology (24%) and Hightech (20%) sectors. In addition, investments are made in other strong sectors in South Holland: Energy, Circular, Aerospace, Maritime, Horticulture and Cybersecurity.

Every euro yields three to four euros in co-financing

IQCapital is known for its large network of co-investors. Every euro that InnovationQuarter invests yields an additional 3 to 4 euros from co-investors. Over 80 different co-investors have already invested approximately € 230 million in the portfolio companies of IQCapital.

Solving major societal challenges, in the Netherlands and the world, is not possible without investments in breakthrough technologies. For example, thanks to investments from InnovationQuarter, hundreds of billions of heart muscle cells have already been grown from stem cells (Ncardia, Leiden), one million plastic packaging units have been saved (Pieter Pot, Rotterdam) and 25 million digital systems have been protected from hacking (Cybersprint, The Hague).

Innovation takes money, patience and collaboration

“Groundbreaking technologies provide the solutions to our societal challenges. Those technologies require money, patience and collaboration. And that’s exactly what we can offer from InnovationQuarter,” says Liduina Hammer, head of Investments at InnovationQuarter. “Our shareholders have also felt that urgency and have given us their trust. We are extremely grateful for that. With this additional fund capital we can help more scale-ups and startups to the next phase and invest even more in deep tech and high-tech propositions. We will not do this alone, but together with our companies, co-investors and shareholders. Because making an impact is something you do together.”

“In recent years, together with our partners, we have carefully built a successful ecosystem for innovative entrepreneurs in South Holland,” said delegate Meindert Stolk. “With this, we can make the difference on major issues such as the energy transition, circular economy and digitalization. By contributing almost € 15 mln extra to IQCapital as a province, we are making this possible.”

€ 150 mln for the national network of ROM’s

The fund expansion follows the announcement by the Ministry of Economic Affairs and Climate Change, last September, to strengthen the fund capacity of the regional development corporations in the Netherlands with € 150 million, under the condition of equal contributions by the co-shareholders. InnovationQuarter has a broad shareholder base: the Ministry of Economic Affairs and Climate, South Holland province, the municipalities of The Hague, Rotterdam, Delft, Leiden, Zoetermeer, Drechtsteden and Westland, TU Delft, Leiden University, LUMC, Erasmus MC and HEID (Holdingfonds Economische Investeringen Den Haag).

The € 63.6 million fund increase (€ 31.8 from EZK and € 31.8 from the other shareholders of InnovationQuarter) is the proportional share for South Holland based on the gross regional product.

See also: InnovationQuarter celebrates investment in 100th company 

 

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In 2020, InnovationQuarter assisted 43 foreign companies with opening a new branch or expanding existing activities in Zuid-Holland. In the coming years, these 43 mostly technologically advanced companies will jointly create 1,268 jobs and invest over €273 million in the region. These results exceed InnovationQuarters’ targets for 2020. The results are above expectations given the global decrease in foreign investment flows due to the Corona pandemic.

Corona crisis is pressing global figures

Foreign business investment has been under pressure everywhere since the Corona crisis. A report from the UNCTAD even indicated a decrease of more than 40%. The global crisis and growing economic uncertainty, coupled with varying travel restrictions, lockdowns and delivery problems, are causing companies to be reluctant to open new branches.

Despite this strong downward trend on a global scale, InnovationQuarter has successfully attracted a large number of companies from abroad to the region in the past year. This is due to various factors, such as a previously developed substantial list of companies with specific interest in the region, to the close collaboration between InnovationQuarter and knowledge institutions, physical hotspots and fellow acquisition organizations in our region, and to our intensified commitment to relationship management (investor relations) with foreign companies already established here. As InnovationQuarter has for several years been focused on attracting companies that form a strategic reinforcement for the region, the results appear less sensitive to trends affecting the global economy.

Most companies active in innovative technologies and sectors

In the past year, we mainly welcomed innovative, technologically advanced companies in Zuid-Holland. Most new companies are active in the Technology Industry, IT and Life Sciences & Health. Also there were many landings or expansions in the Horti / Agro sector, Cybersecurity, Energy and Aerospace. The companies often seek to make part of the strong clusters in our region and are attracted by the availability of talent.

An example of this is the Ethiopian / Dutch company African Bamboo. The company develops and produces building materials based on tropical bamboo and will set up an R&D facility in Delft. Since its foundation, African Bamboo has been working with renowned European research organizations, including TU Delft and TNO. In order to strengthen the partnerships and reduce the distance to the European market, the company looked for a new location for its R&D department. “Our choice soon fell on Delft. InnovationQuarter gave advice and put us in touch with interesting partners. In this way we discovered the many advantages of the region, such as the facilities of the TU Delft campus, the proximity to the port of Rotterdam and the high level of knowledge in the field of technical innovations.” says CEO Khalid Duri.

Other examples of new companies contributing to the ecosystems and clusters in the region are ANDBio (platform for reuse of medical equipment), Booz Allen (cybersecurity services) and Aksa Power Generation (development and sales of energy generators). The largest project last year was the new Crocs distribution center in Dordrecht. With this distribution center, Crocs provides employment of 350 jobs, to further facilitate their growth in Western Europe.

1,268 jobs, €273.2 million in investments in regional and national economies

Attracting and retaining foreign investment is of great importance to the Netherlands and the Zuid-Holland region. It contributes to economic growth and creates employment. For example, the 43 foreign companies that were assisted in 2020, according to their own estimate, will create 1,268 jobs within three years, of which 815 are new and 453 jobs are retained. Moreover, these companies jointly invest €273.2 million in the region.

Geopolitical developments lead to a changed geomix

In the past year we have seen a further shift in the origin of the landed companies. Where most companies previously came from the United States and China, the United Kingdom is now also in joint first place with these countries. The English projects are often related to Brexit. The number of landings from both China and the US is lower than in recent years, mainly due to the (geo) political developments and the COVID pandemic. This year we saw various projects from emerging economies such as South Africa and Turkey. And a striking number of the projects come from near by, for example from Belgium.

Chris van Voorden, Head of Internationalisation at InnovationQuarter: “In the extensive contacts we have with international companies, we notice that the well-developed ecosystem in our region is playing an increasingly important role in the choice of location. That is why our services are not only about finding a suitable office or factory location, but much more about access to the right network, technology and talent – in addition to the market, of course. And that is what Zuid-Holland and InnovationQuarter has to offer companies more and more. The results for 2020 show that this pays off. ”

Switched quickly to increased online visibility and digital services

Due to international travel restrictions, it was not possible to visit companies abroad last year, to put the spotlight on Zuid-Holland. Also, it was often not possible to receive companies in the Netherlands. In response, the promotion and services were adapted early in the year to increase and professionalise the online presence. The online communication via social media was scaled up and our services to foreign companies were quickly digitized. This prompt switch in working methods contributed to the success of 2020.

Successful national and regional cooperation

The success can be attributed partly to good national and regional cooperation. At a national level, InnovationQuarter works closely with the Netherlands Foreign Investment Agency (NFIA) – an executive organization of the Ministry of Economic Affairs and Climate Policy and partner in the Invest in Holland network.

At a regional level, InnovationQuarter collaborates on strategy and execution with Rotterdam Partners and The Hague Business Agency since 2014. In 2020, a cooperation agreement with DEAL Drecht Cities was concluded with regard to attracting foreign companies to the Drecht cities.

Chris van Voorden

Head of Internationalization
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results-

Invest in Holland results 2020

In 2020, the Netherlands managed to attract significantly fewer foreign companies than in previous years. This is evident from the annual results of Invest in Holland and the Netherlands Foreign Investment Agency (NFIA) over 2020. Last year, 305 foreign companies, including Beyond MeatChargebee and Sekisui Polymatech, chose to set up shop in the Netherlands. These companies expect to create more than 8,600 direct jobs in the first three years and invest 1.9 billion euros in their projects. Although there is a constant flow of new companies as a result of Brexit, the coronavirus is causing the Netherlands to attract fewer foreign companies.

Foreign companies provide an important contribution to the Dutch Economy

Bas van ‘t Wout, Minister of Economic Affairs and Climate Policy and responsible for the NFIA, emphasizes the importance of foreign businesses: “I am pleased with all the foreign companies that have opted for the Netherlands. These international companies make an important contribution to our economy. Our small and medium-sized businesses subsequently also profit as a supplier or customer. That is why we must continue to ensure that the Netherlands remains attractive for foreign companies. We will help investments in research, development, innovation and infrastructure through the National Growth Fund.”

Jeroen Nijland, NFIA Commissioner and Chairman of the Invest in Holland network: “2020 was a year with two stories. The Netherlands is well-positioned for international companies looking for a stable base to serve the European market; for example, companies relocating operations due to Brexit. At the same time, the number of wider inward investments did see a decrease. This effect can largely be explained by the global coronavirus crisis. If we want to invest ourselves out of the crisis, we need to sustain our business climate; especially to encourage sustainable enterprise and innovation in the Netherlands, that enables us to grow.”

Coronavirus crisis constrains results

Foreign business investment has been under pressure everywhere since the coronavirus pandemic. The global crisis and growing economic uncertainty, coupled with fluctuating travel restrictions and supply chain problems, are causing companies to be reluctant to open new offices.

In 2020 the Netherlands saw the number of foreign business investments decrease by about a quarter compared to 2019, while the number of created jobs fell by about 40 percent. An even stronger decline in investments is being tempered thanks to strong Dutch sectors such as Life Sciences & HealthIT and Agrifood. About one third of the foreign companies that choose the Netherlands come from Asia, one third from North and South America and one third from other parts of the world (Europe, Middle East, Africa and Oceania).

Invest in Holland results 2020 per country of origin

Brexit continues to play an important role

Even now that a Brexit deal has been concluded, the Netherlands remains popular to companies that are experiencing disruption due to Brexit – so called Brexit companies. Many companies in the United Kingdom are currently experiencing problems due to extra administration, procedures, delivery times and worsened access to the European market. In effect, the uncertainty of recent years has not disappeared. Due to this, the number of Brexit companies focusing on the Netherlands continues to grow. The NFIA is currently talking to 550 Brexit companies about a relocation or expansion to the Netherlands. This includes British companies, but also American and Asian parties that are reconsidering their current European structure due to the uncertainty caused by Brexit.

Not only are the amount of contacts continuing to grow, the number of Brexit companies that have opted for the Netherlands is also increasing. Since the referendum in June 2016, 218 Brexit companies have opted for the Netherlands, of which 78 again made the (partial) move last year. For example, Snag TightsCandy Hero and the Commonwealth Bank of Australia chose the Netherlands last year because of Brexit. These 218 companies together are expected to generate 6,000 jobs and 544 million euros in investments in the first three years after arrival.

Chris van Voorden

Head of Internationalization
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Crocs expands its Main European Distribution Center in the Netherlands-980px

Crocs expands its Main European Distribution Center in the Netherlands-980px

American shoe manufacturer chooses the Dutch logistics hub of DistriPark Dordrecht for its largest European distribution center.

US-based shoe manufacturer Crocs is expanding its main European distribution center in the Dutch logistics sector. The globally known company recently broke ground for a 35,000 square meter distribution center at DistriPark Dordrecht, a new logistics business park in the Rotterdam – The Hague area. Expected to open in spring of 2021, the Dordrecht office will increase Crocs’ presence in the Netherlands, where the company has also located its European headquarters and marketing & sales operations.

Crocs decided to expand operations in the Netherlands to accommodate its growth plans for selling shoes, sandals and clogs across Europe. The company plans to use the new distribution center at DistriPark for storage for its online store, as well as for supplying store branches and handling returns.

“When we took a look around, Dordrecht turned out to be the best location for our company because of the good transport connections,” said Adrian Holloway, Crocs’ Senior Vice President and General Manager of the EMEA Region.

Hundreds of New Jobs

The arrival of Crocs will create approximately 200 to 350 new jobs in Dordrecht – ranked No. 12 in Logistiek’s 2020 Logistics Hotspot of the Year Election. With other companies like Dylan Steel Solutions also announcing their relocation to DistriPark, the Dutch logistics hub is expected to generate at least 1,400 jobs for Dordrecht and the surrounding Drechsteden region.

A Foothold in the Dutch Logistics Sector

By expanding to the energy-neutral DistriPark, Crocs joins a growing number of international companies that have invested distribution operations in the highly innovative and resilient Dutch logistics sector. The logistics business park’s strategic location between the Port of Rotterdam, Port of Moerdijk and other major seaports promises to attract even more companies. In addition, DistriPark offers access to the Netherlands’ top-notch road transport infrastructure via the A16 motorway.

“Certainly in today’s economically uncertain times, the speed of this development is a very positive signal. The fact that an appealing international name such as Crocs has opted for Dordrecht and the Drechtsteden region indicates that we have everything we need to meet the needs of logistics companies,” said Maarten Burggraaf, Alderman of Economic Affairs for Dordrecht.

Source: Logistiek (Dutch)

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Applications for the Corona Bridging Loan (COL) are still flooding in. Since 29 April, 1,507 startups, scale-ups and innovative SMEs have lodged applications for COLs. The total requested comes to €540 million. By now 311 applications – for some €100 million in total – have been approved, with around 50% of the applications still being processed.

On Wednesday 20 May, the Dutch government announced that, on top of an earlier tranche of €100 million, another €150 million will be made available for startups, scale-ups and innovative SMEs. As the large number of applications confirms, this is sorely needed. Businesses can apply for a COL of €50,000 or more, at favourable conditions. The loans are provided by the Regional Development Agencies (RDA’s).

AppThis Group from Enschede was the first business in the east of the Netherlands to receive a COL. “We’re using the loan to make up for the reduction in turnover and to make the latest product adjustments related to the 1.5 metre conditions our clients have had to implement,” says Arjan Zwarteveen, who runs the company with Andreas Weber.

Qlayers in Delft also received a COL. Founder and CEO Josefien Groot:

“The COL is a perfect fit with the type of business we are: an innovative startup with high costs relative to revenue. The COL will allow us to complete our product development and bring it to the market on schedule.”

More information on the COL applications to date

Almost three-quarters of the applications are for smaller requests of €250,000 or less. However, 23% of the applications are from scale-ups and these account for around half of the €540 million total requested. All applicants together represent more than 15,000 jobs.

Over a third of the innovative companies that have submitted an application operate in the soft tech field (platform, SaaS, AI), but there have also been many applications from businesses in medtech, life sciences, cleantech and high tech.

About COL

The Corona Bridging Loan (COL) is an emergency loan for innovative entrepreneurs and SMEs who do not have a credit facility with a bank and are facing financial difficulties due to COVID-19. The scheme was established in close co-operation between the Ministry of Economic Affairs and Climate, the various Regional Development Agencies (RDAs) and TechLeap.nl, with close involvement from Invest-NL. At the Ministry’s request, the RDAs provide bridging loans of between €50,000 and €2 million.

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Corona-OverbruggingsLening

On 7 April, the Dutch government announced that it would make €100 million available in bridging loans for start-ups, scale-ups, and innovative SMEs. These companies can submit an application for a Coronavirus Bridging Loan (COL) from 29 April. This facility was developed as part of an intensive collaboration between the Dutch Ministry of Economic Affairs and Climate, joint regional development corporations and TechLeap.nl, and with the close involvement of Invest-NL.

Corona-OverbruggingsLening

Loans under favourable conditions

The government has asked the regional development corporations to grant these bridging loans under favourable conditions. These loans range between €50,000 and €2 million. Shareholders or other investors are expected to co-finance 25% of loans above €250,000.

A uniform interest rate of 3% will be payable on these loans, and the terms will be tailored to the target group. More information on the conditions is available at Q&A. The goal is to assess and deal with applications for less than €500,000 within four to nine working days and to reach a definitive decision on applications for more than €500,000 within three working weeks.

More information on the criteria and the application procedure is available at www.rom-nederland.nl/corona-overbruggingslening.
The COL must be seen as an emergency measure implemented in response to the economic impact of the Covid-19 outbreak. This means that businesses must be able to demonstrate that, although they need a loan in the current economic crisis, they nevertheless have fundamentally sustainable and healthy prospects. Businesses must also have implemented the cost-reduction measures that may reasonably be expected of them at present.

Infographic Corona-OverbruggingsLening

Supplementary measures for start-ups and scale-ups

Start-ups and scale-ups are being hit hard by the coronavirus crisis: an inventory made by Techleap.nl revealed that 55% of businesses are faced with a fall in demand because they are losing existing customers or not winning new customers. Attracting the necessary new funding in the current conditions is a problem for this group, as start-ups, scale-ups, and other businesses without bank financing can at best make only limited use of measures previously announced by the government focused on companies with loan capital.

Ms Mona Keijzer, State Secretary for the Ministry of Economic Affairs and Climate, explains that

‘the government intends to make financial support more accessible to all businesses in these exceptional and difficult times. Start-ups and scale-ups are of great importance to the future of economy and our society: they provide tomorrow’s income and jobs, and their innovative products and services contribute to solving global challenges including, for example, the coronavirus crisis. This is why the government is now investing 100 million euros in bridging loans that will enable our growth businesses to get through these difficult months.’

Applications can be submitted from 29 April

Applications can be submitted to a special online portal from 9:00 AM on Wednesday 29 April. Only complete applications submitted online will be processed. Applications for funding to a maximum of € 5 million can also be submitted to this portal, which was developed in cooperation with TechLeap.nl. These will be examined jointly by Invest-NL and the regional development corporations.

Questions

We can quite understand that businesses and investors will have questions about the Coronavirus Bridging Loan. We have drawn up a comprehensive Q&A with all the details of the Coronavirus Bridging Loan.

Banner Corona-OverbruggingsLening

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Extensive national and international measures have been taken in recent days to limit the further spread of the coronavirus. More and more companies are feeling the consequences of the virus and the measures taken. There is an acute drop in demand, there are supply problems and, above all, a lot of uncertainty. What are the short and long term effects for your company?

We would like to inform you about the measures we have taken at InnovationQuarter.

External and internal communication

Everyone’s health comes first. That is why we have not been working from our office since last Friday, March 12.

However, we try to keep in touch with our relations and stakeholders, and with each other as much as possible. We use digital communication, such as tele or video conferencing. Our organization is well prepared and equipped for this.

Events

All our physical events and meetings for the coming period (at least until the end of April) are cancelled or postponed. Where possible, we reorganize events and appointments to take place virtually.

Investing

The three funds IQCapital, ENERGIIQ and UNIIQ invest in innovative startups and scale-ups. Our portfolio companies are often in a phase where there is insufficient financial resources available to withstand major fluctuations that a Covid-19 outbreak may entail. During this period we are in extra close contact with our portfolio companies to answer questions and think about solutions.

Currently, our teams at all three funds are conducting an assessment on our portfolio companies to:

  1. Create awareness and dialogue with our portfolio companies about this outbreak,
  2. Obtain insight into the possible implications for business operations,
  3. Obtain insight into the possible implications for income, and
  4. Obtain insight into which mitigating measures have been taken or should be taken.

The results will be incorporated into a risk matrix for our entire portfolio. An action plan will then be drawn up for each company. In addition, we are in contact with the Ministry of Economic Affairs, fellow Regional Economic Development Agencies in the Netherlands, TechLeap and others to see which suitable additional support measures can be taken for startups and scale-ups.

Internationalisation

International business travel has virtually stalled. We also no longer make international trips. As a result, the number of incoming and outgoing international delegations, missions and so-called fact findings from companies is currently zero. We maintain virtual and digital contact with our foreign relations and companies as much as possible. We are able to help you set up a strategy for your exportmarkets and connect you to our network.

A new English website has recently been launched, which contains a lot of relevant information about our region. We refer our international relations to this website (www.investinrotterdamthehaguearea.org). We are also currently organizing digital fact findings for various foreign companies. Furthermore, we focus our activities mainly on Investor Relations (maintaining contacts with foreign companies already established in our region).

Innovation and collaboration

We are working together on a future-proof economy in the Greater Rotterdam The Hague area by building innovative ecosystems, programs, projects and business cases.

In the light of the current situation, our core task of innovation sees reluctance to enter into new partnerships, pilots and projects. Many events and introductions have understandably been postponed, because entrepreneurs currently have different priorities. We will remain in close contact with our relations and in the coming weeks, we will focus in particular on continuing existing projects and supporting entrepreneurs with specific questions.

Questions

The most up-to-date answers to questions from entrepreneurs can be found at business.gov.nl. But we are also happy to help you. Please contact one of our colleagues directly via the details here. Or send an email to info@innovationquarter.nl.

In the coming period, we will be even more driven than ever to work on stronger, smarter and healthier, greater Rotterdam The Hague area.

As Prime Minister Rutte said, “Together we will overcome this difficult period.”

Kind regards,

Rinke Zonneveld

Terug naar overzicht

In 2019, InnovationQuarter helped a record number of 56 domestic and foreign companies set up or expand in the greater Rotterdam – The Hague area. Last year, our region attracted mainly high-tech firms like DuPont Industrial Biosciences, IDE Group and Cybexer. In addition, another big company, Zalando, opened a large distribution centre. The 56 companies will over the next three years generate more than 2,700 jobs and invest €424 million in the region. These results represent an all-time high in InnovationQuarter’s six-year history.

Life sciences, high-tech, IT and cyber security strongly represented

In the past year, we welcomed mainly leading-edge, technologically advanced companies to the greater Rotterdam – The Hague region. A notable development was the large number of firms in the life sciences and health (LSH) sector. While most of these companies were newcomers that set up business in the region, some expanded their existing facilities or activities. These organisations operate in both medical technology as well as in biopharmaceuticals. Several companies that provide services to others in the LSH sector, such as the use of AI in medicine research, also established themselves here.

Many IT and high-tech companies expressed growing interest in setting up in our region too. Other leading clusters in our region also continued to attract attention: the cyber security cluster of The Hague Security Delta, the horticulture cluster in Westland and, more recently, the region’s aerospace cluster, which is attracting increasing interest. Both startups and established businesses seek to join these strong sectoral clusters and are attracted by the availability of talent in our region.

Merle Maigre, executive vice president for government relations at Estonian cyber security company Cybexer: “This region possesses a high level of knowledge and expertise. It attracts a lot of talent and the Dutch government is highly experienced.” Maigre considers the support of InnovationQuarter and The Hague Security Delta to be extremely valuable for accessing relevant networks and information about the local ecosystem.

Murray Davidson is chief technology officer at Cybexer and regards The Hague as a key security hub: “In this respect, the Netherlands and Estonia are a perfect match. Both countries have an outstanding reputation in cyber security and are very mature and forward thinking in this area.”

Here you can read the full interview (dutch).

New geopolitical reality and changing geo-economic landscape

In 2019, there was a sharp rise in investment projects from the UK, partly due to ongoing concerns surrounding Brexit. Before, most of the companies we assisted were from the US and China, but last year the UK assumed the leading position. There was also an increase in the number of investment projects from other countries, such as India, Turkey and South Africa; these projects are becoming more diverse. We are seeing an increase in applications from Israel and Japan as well. There are various reasons for these trends, such as political uncertainty and the fact that many countries are experiencing renewed economic growth.

Scaling up international marketing, promotion and appropriate services

To put the greater Rotterdam – The Hague area more prominently on the international map, we launched the website investinrotterdamthehaguearea.org at the end of 2019. We will scale up marketing efforts during 2020 to attract even more companies. This will strengthen the clusters in our region, create high-quality jobs and bring in investments.

Chris van Voorden, head of foreign investments at InnovationQuarter:

“We see, in our extensive contacts with international companies, that they are increasingly looking for a well-developed ecosystem. Our services therefore focus not only on finding a suitable office or factory location but, more importantly, on accessing the right network, technology and talent – and, of course, the market. And this is precisely what the greater Rotterdam – The Hague region and InnovationQuarter can, to an ever greater extent, offer these companies. Indeed, the results for 2019 show that this is a winning strategy.”

Results vital to both regional and national economies

Attracting and retaining foreign investment is of great importance to both the Netherlands and the greater Rotterdam – The Hague area, not least in terms of economic growth and job creation. The 56 foreign companies supported in 2019, for example, will, by their own estimate, provide 2,810 jobs within three years: 2,764 of them new and 46 retained. In addition, these firms are jointly investing €424.2 million in the region.

Successful national and regional cooperation

Strong national and regional collaboration is part of the reason for the success of these 56 investment projects. At the national level, InnovationQuarter works closely with the Netherlands Foreign Investment Agency (NFIA) – an operational unit of the Ministry of Economic Affairs and Climate Policy – and is a partner of the Invest in Holland network.

At the regional level, InnovationQuarter has worked with Rotterdam Partners and The Hague Business Agency on both strategic and operational levels since 2014.

Want to know more?

Please contact us.

Chris van Voorden

Head of Internationalization
Terug naar overzicht

More and more companies are opting for the Netherlands because of Brexit. Even now that the United Kingdom has left the European Union, and has entered a transition period, uncertainty about the economic new relation and the now unforeseen effects on international business remains. As such, the Brexit-related work of the Netherlands Foreign Investment Agency (NFIA) and its regional partners is still increasing. 140 Brexit companies have now chosen for our country since the Brexit referendum. 78 of these 140 companies made their decision in 2019. Media companies Discovery and Ridley Scott, credit rating agency AMBest and Life Sciences & Health manufacturer Shionogi were amongst the companies choosing the Netherlands because of Brexit. Together, these 140 companies expect to create more than 4,200 direct jobs and 375 million euros in investments in the first three years.

The 78 companies that opted for the Netherlands because of Brexit are an important part of the 2019 annual results of Invest in Holland. A total of 397 international companies chose to move to or expand in the Netherlands last year. These companies expect to create more than 14,000 direct jobs and invest 4.3 billion euros in the first three years.

More companies are looking into a Brexit-related transfer

The number of Brexit companies that are focusing on the Netherlands still continues to grow. The NFIA is talking to 425 Brexit companies about a switch or expansion to our country, up to 175 from the beginning of 2019. This includes British companies, but also American and Asian parties that are reconsidering their current European structure due to the uncertainty caused by Brexit. Each of these companies has unique concerns about access to the European Market. This may involve the possible barriers to trade or off specific products or services, administrative barriers or extra procedures, access to international talent for research & development or the loss of European innovation funds.

Jeroen Nijland, NFIA Commissioner and Chairman of the Invest in Holland collective: “2020 will be an important year for these companies. Much will depend on the specifics of the future arrangements in the relation between the UK and the EU. The impact of this will vary from sector to sector and the pressure to reach agreements will be high this year. We see that uncertainty is still increasing at many companies. They are waiting to make investment decisions until more is known about the impact of these new economic agreements on their business operations. On the other hand, more and more companies are not waiting. They opt for the certainty and security on the European Market that the Netherlands offers instead. With an English-speaking population, the excellent connections to the UK and the EU by road, boat, train and plane and our strong digital infrastructure, choosing the Netherlands is an attractive alternative.”

Keeping access to the European Market from the Netherlands

The companies mostly find their origins in the services sector, for example Fintech, IT, and the Media & Advertising industry. They choose our country because of necessary EU permits, access to the European market and the ability to attract European talent. This includes European headquarters, research & development facilities and service centres. Given the nature and activity of these companies, the majority opt for the Randstad near Amsterdam, Rotterdam and Utrecht. Nineteen companies from the Life Sciences & Health sector have opted for the Netherlands due to Brexit. The arrival of the European Medicines Agency (EMA) is often part of the reason for choosing our country.

NFIA Commissioner Nijland: “Although Brexit is difficult to predict in the short term, we know for sure that this will have major consequences in the long term. Brexit is and remains an undesirable development, certainly for the Netherlands. But with the continuing uncertainty, it is understandable that internationally operating companies are looking for alternatives on the European Market that offer them prospects in terms of goods, services, personnel and capital. The Netherlands offers a stable port in turbulent times for the international economy.”

Chris van Voorden

Head of Internationalization
Terug naar overzicht

©Erik Borst

The official launch of Invest-NL takes place today in Amsterdam in the presence of Minister of Finance Wopke Hoekstra and Minister of Economic Affairs and Climate Eric Wiebes. As a private company led by Wouter Bos, Invest-NL will provide financing to companies that will make the Netherlands more sustainable and more innovative. With a share capital of 1.7 billion euros, Invest-NL’s focus at launch is on the energy transition and on innovative, fast-growing companies (scale-ups).

In the context of the energy transition, Invest-NL is focusing particularly on electrification and energy, circularity, agrifood and the built environment. When it comes to innovative scale-ups, the focus will primarily be on industrial technologies. Invest-NL intends to expand the market and provide financial backing for what once seemed unbackable. Alongside a willingness to take significant risks, Invest-NL is also prepared to invest large amounts with long maturities. Impact is paramount for Invest-NL: without impact there can be no financing.

More risk capital available

Market parties in the Netherlands have difficulty financing major societal transitions. They face challenges to handle the high degree of uncertainty in terms of policy and technology, the multiplicity of stakeholders and the fragmentation of initiatives with relatively high learning and transaction costs. Moreover, various studies have shown that, relatively speaking, there is less risk capital available for young high-growth companies in the Netherlands compared to countries such as Germany, the UK or the US.

Finally, Dutch companies have thus far been less successful at obtaining funding from European investment funds and facilities compared to competitors in other countries, where the requisite venture capital is made available to companies by specific national funds and/or banks. The launch of Invest-NL means that the Netherlands now also has its own, comparable fund.

In line with parliamentary decisions and based on research, Invest-NL has decided to prioritise the financing of scale-ups and the energy transition. Entrepreneurs and financiers can visit the Invest-NL website (invest-nl.nl), where they can answer five questions to discover if their business plan may be eligible for financing by Invest-NL.

Far-reaching ambitions

Wouter Bos, CEO of Invest-NL: “We have far-reaching ambitions at Invest-NL: our aim is to quadruple the amount of risk capital available for the energy transition within five years.We want to ensure that young, innovative companies here can scale up as successfully as they do in Germany and the UK, which means the Netherlands needs to become twice as effective in this regard as it is today.

Eric Wiebes, Minister of Economic Affairs and Climate Policy: “With Invest-NL we show that the great changes around energy and climate can go hand in hand with making a profit. Invest-NL’s financing and development power gets companies going and contributes to employment and economic growth in the Netherlands.”

Wopke Hoekstra, Minister of Finance: ”I am very proud of what we are achieving here. It is not common for a government to set up a state participation. And its objective is important: Invest-NL’s activities strenghten our innovative economy and contribute to the transition towards a sustanaible society.”

Terug naar overzicht

The Maryland Department of Commerce and InnovationQuarter, the regional economic development agency for the greater Rotterdam-The Hague area, have officially renewed their Memorandum of Understanding (MOU) to promote general cooperation and coordination between the entities over the next three years.

The agreement was signed by Maryland Commerce Secretary Kelly M. Schulz and InnovationQuarter director of foreign investments Chris van Voorden today in Baltimore.

The renewal will help strengthen Maryland and the greater Rotterdam-The Hague area’s relationship as they continue to foster economic development and investment in the two regions, especially as it relates to cybersecurity. The MOU encourages the hosting of delegations in both Maryland and the greater Rotterdam-The Hague area, promoting the regions’ exchange programs, collaborating on webinars for cybersecurity companies interested in expanding their global outreach, and potential opportunities for matchmaking and networking at trade shows around the world.

“The state of Maryland’s partnership with the greater Rotterdam-The Hague area provides great opportunities for governmental collaboration across the Atlantic,” said Secretary Schulz. “By collaborating on research and development, supporting each other’s companies, and encouraging growth in education, we can make sure that both of our regions continue to thrive for years to come.”Back in 2016, the state signed a three-year agreement with InnovationQuarter, which established the soft-landing program for Dutch companies looking to explore the Maryland market and vice versa. The program, which was the first of its kind in Maryland, provides incubation and mentorship services for participating companies.

“We welcome security tech companies to make use of this wonderful program. They can come for a week or even stay for three consecutive months,” van Voorden said at the signing.

The following year, Maryland Commerce welcomed five Netherlands cyber companies to the bwtech@UMBC Research and Technology Park for their month-long stay as they explored the U.S. as a permanent location. Additionally that year, four Maryland cyber firms travelled overseas to facilitate their entry into the European market as part of the bilateral exchange program.

The program is still on-going between the two entities; companies interested in learning more can contact Andrew Kreinik, Maryland Commerce’s regional manager for Europe, Australia and New Zealand.

With more than 116,000 IT and cybersecurity professionals in the state, Maryland is where cyber works. Learn more about how we are a gateway for international business.

Terug naar overzicht

In the summer of 2019, Zalando will start construction on its first Dutch fulfillment center in an existing business park in Bleiswijk, near Rotterdam. With the further expansion of its logistics network, Zalando is setting the ground for its 2023/24 growth target and the promise to continuously improve its customer proposition. The Bleiswijk fulfillment center will cater to customers in Western Europe, namely the Netherlands, Belgium, Luxembourg, France, Spain and the United Kingdom. Zalando was assisted with the site selection by InnovationQuarter and the Netherlands Foreign Investment Agency.

Jan Bartels, SVP Customer Fulfillment says, “A strong logistics network is the foundation for realizing our growth strategy and the vision of becoming the Starting Point for Fashion. By constructing a new state-of-the-art fulfillment center in Bleiswijk, we are confident that this is an important step forward in building the infrastructure to achieve 20 billion euros in Gross Merchandise Volume by 2023/2024.”

The site will have a floor area of 140,000 square meters and a total storage capacity of 16 million items. The first parcels are set to be delivered from Bleiswijk in the summer of 2021. About 1,500 jobs will be created in the mid-term. The development is being undertaken by a joint venture of Somerset Capital Partners and USAA Realco-Europe. Once the fulfillment center is ramped up to full speed, Zalando aims to reduce delivery lead times in Benelux markets.

Kenneth Melchior, Director Northern Europe adds: “The Benelux markets play an integral role in the growth ambition of Zalando. Over the next five years we aim to more than double revenues in this region, thereby strengthening our position as market leader. The opening of our fulfillment center in Bleiswijk is crucial in enabling this growth. We look forward to enhancing our customer proposition by reducing delivery lead times in the Benelux area and introducing services like next and same-day delivery once Bleiswijk is fully operational.”

Justin Hildebrandt, Managing Director of USAA Realco-Europe says, “We are excited and honoured to realize this fulfillment center for Zalando. The building’s innovative and forward-looking design and scale as one of the largest single occupier logistics developments in the Netherlands was the vision that we have had for this project, and Zalando was the ideal occupier to complete this vision.”

Tim Beckmann, partner Somerset Capital Partners: “We are very pleased that Zalando has chosen us for this great logistics development. This fulfillment center will be unique for its kind. The whole development will be done to the highest standards of sustainability and it will revitalize the business park that previously housed Royal FloraHolland’s flower auction activities. It provides us with a unique opportunity to demonstrate our capabilities in the area of logistics real estate (re)development.”

Investments and Location Choice

Zalando will invest 200 million euros in the center’s intralogistics. The fulfillment center will have the highest level of automation within Zalando’s network, which currently consists of nine fulfillment centers spread across Europe. The high degree of automation will take physically demanding tasks from employees, while increasing the service level for our customers.

Zalando has chosen Bleiswijk in the municipality of Lansingerland because of its location, the opportunity to invest into an existing business park with a well-developed infrastructure, and good collaboration with local authorities in Lansingerland. The proximity to the A12 highway and being in the heart of the densely populated Randstad region fit Zalando’s ambition to be close to its customers perfectly.

BREEAM certification

For the construction of the fulfillment center, Zalando has the ambition to invest in sustainable solutions and will, for example, install solar panels on the roof of the building. In this context, Zalando strives to achieve the ‘very good’ score of the sustainability certification BREEAM-NL. Operations in the facility will be managed by an independent partner, whose selection will happen through tender.

Loek Becker Hoff

Loek Becker Hoff

Senior Account Manager Energy & Circular / Team Lead Sustainable & Clean + Green & Healthy