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2Tokens project aims to clarify the path to widespread and accessible usage of tokenisation, by any type of organisation, and to realise new value streams. The project is sponsored by the European union and is a joint effort of Blocklab, YES!Delft, InnovationQuarter and LIFT-OFF Partners with the endorsement of the Erasmus University, TechLeap.NL, the Dutch government and several industry players.

The usage of tokens in society goes back to antiquity and technologies such as Blockchain can dramatically reduce the cost of secure and trusted token exchange. The potential for tokenisation to disrupt existing interactions is huge – offering more efficient solutions to existing paradigms (e.g. crowdfunding, fractionalised ownership) as well as opening up whole new models for financing and collaboration.

One clear example of a use case for tokens is in funding. While crowdfunding has helped democratise funding, far too often worthwhile ventures remain unfunded. Tokens can potentially bridge the gap between organisations in need of funding and investors, who have funds available.

The implications of tokenisation are widely appreciated and various parties are re-imagining value flows and guiding behaviours within ecosystems, enabling a fairer distribution of created value. The implications affect the core of what a legal entity is – challenging currently dominant legal forms based on stock ownership to look at flexible, incentive-driven and automatic market-making approaches. Tokenisation has potential benefits across society – from businesses to public or social initiatives that may now be able to secure the investment needed to succeed.

By their nature, tokenisation initiatives will have a large network-effect – which means that there will be a large first-mover advantage. The Netherlands is well-positioned to play a leading role in this transition but needs to act quickly to capture this opportunity.

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Jacqueline Schardijn

Senior Business Developer Smart Industry
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Protecting innovations through patents is crucial in bringing new products and services to market. However, maintaining this protection year after year and for various countries is costly. Therefore, deciding which patents are worth keeping is a choice all R&D-oriented companies periodically deal with. Focus, a company based in Rotterdam, the Netherlands, has come up with a solution for this problem. Focus is developing an algorithm that enables patents in a portfolio to be ranked quickly and automatically, based on their technological importance. To further develop their algorithm and test it extensively with customers, Focus receives an investment of proof-of-concept fund UNIIQ. The investment was announced by Martin Luxemburg, director of the Erasmus Centre for Entrepreneurship, where the office of Focus is located.

Screening hundreds of thousands of patents manually

R&D activities across the globe lead to the existence of large patent portfolios with various companies. These portfolios consist, depending on the innovative character and scope of the company, of hundreds of thousands of patents. The investments made to maintain such a portfolio run into millions of euros per year.
Each portfolio is continuously subject to change. New patents are added while existing patents are stricken from the portfolio. Maintaining the portfolio as such is the task of a select group of patent- and technology experts. Periodically these people manually go through parts of the portfolio, to identify which patents are important, and which patented technologies can be stricken without damaging the company’s position. With no tools available on the market to rank patents based on their importance, the patent- and technology expert has to screen the entire patent portfolio manually.

Focus’ patent ranking algorithm makes portfolio management much more effective

This manual screening makes the management of a patent portfolio a labour intensive and costly process. Focus is developing an algorithm with which this screening becomes a lot more efficient. This algorithm ranks patents within a portfolio automatically based on their technological importance. In placing the patent in a ranked order, the algorithm takes into account the context and development of the entire patent landscape within the domain concerned. Therefore, the patent expert instantly gains insight in what the most and the least valuable patents are in his portfolio, after which he can look into these particular patents in more detail.

Performing pilots on complete patent portfolios

The founders of Focus, Jard van Ingen and Thijs van de Pol, combine knowledge of the patent industry with a model-based, econometrical outlook to develop a superior and unique ranking algorithm. This algorithm has proven itself within a select number of technical domains during tests with potential customers. Focus will use the UNIIQ investment to further develop the algorithm to enable its use on the worldwide network of patents, and all technical domains.

Jard van Ingen, co-founder Focus: “We are thrilled and honoured that UNIIQ has placed their confidence in our ability to take this venture to the next level. The UNIIQ investment will enable us to scale up our algorithm, execute multiple pilot projects with prospective customers, and design a simple interface for users to interact with our algorithm”.

Liduina Hammer, fund manager UNIIQ: “With the investment in Focus we add the first legal tech company to our portfolio. The algorithm of Focus can support R&D-oriented companies with the labour-intensive and valuable process of portfolio maintenance, hereby contributing to the innovative power of the company”.

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Suzanne Kroeze

Business Analist UNIIQ
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Doculayer.ai, the intelligent content platform that processes and manages unstructured information, has secured €3 million in growth capital. The investment by InnovationQuarter, Disruptive Technology Ventures (DTV) and an angel investor was announced by Deputy Mayor Saskia Bruines at a side event of the Global Entrepreneurship Summit (GES) 2019.

Richard Smit, CEO of Doculayer.ai says, “We are extremely proud that these investors believe in our solution and vision and are supporting us in our ambition to grow and further develop the platform. More than 80 per cent of the information held by organisations is unstructured. Using AI-powered technologies, Doculayer.ai helps them automate the processing and structuring of this vast amount of unstructured data and uncover its hidden value.”

Innovative artificial intelligence

Doculayer.ai is the intelligent content platform that processes and manages unstructured information, such as scanned documents and images, using innovative artificial intelligence (AI) and machine learning technologies. In doing so, the platform can automatically analyse, enhance, enrich and improve the findability of large quantities of data.

The Doculayer.ai platform integrates seamlessly with business applications and processes in the current IT landscape, which means it can process unstructured content in existing systems. This enables the company to respond to the explosive growth of information and the actions required to store data in the correct manner, compliant with privacy legislation (GDPR).

Dutch Ministry of Justice and Security and KPN

Numerous organisations already use the platform. For instance, in partnership with the Justitiële Informatiedienst (Judicial Information Service), Doculayer.ai takes care of improving and enriching millions of documents. The automated allocation of metadata ensures the documents are digitally archived and secured in the correct way and in compliance with the Dutch Archives Act.

Doculayer.ai is also used by KPN for the intelligent processing of customer contracts. Using AI, contract documents are classified based on their contents and assigned with metadata, after which they are structured into files in a fully automated way.

The investment will enable Doculayer.ai to strengthen and expand its teams in the areas of R&D, product development, sales, marketing and customer support. Daan Nollen, partner at Disruptive Technology Ventures says, “The amount of unstructured information is growing exponentially. Doculayer.ai provides a disruptive solution to access and process this information using AI. The customer base already successfully using Doculayer.ai is impressive and we see great potential for the platform to become the international market leader in intelligent content management.”

According to Francis Quint, head of InnovationQuarter Capital, Doculayer.ai has become a strong asset to the West Holland security network within a short space of time: “Using AI, Doculayer.ai generates files that are always up to date, which means that organisations automatically comply with the latest privacy legislation. We believe Doculayer.ai is an innovative, disruptive company that will bolster the regional security cluster with a powerful privacy solution. Thanks to the implementation of interactive learning AI, the innovative platform will, we expect, make a substantial contribution to the robotisation of content management. With this investment, Doculayer.ai will be able to accelerate its international expansion.”

 

Johan Stins

Senior Investment Manager
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Investering voor LeQuest

Supplier of medical technology education LeQuest has received a € 7 mln. injection from new investors MedFinance and InnovationQuarter and the company’s existing financiers NextGen Ventures, Noaber Ventures and Philips Health Technology Ventures. Hermineke van Bockxmeer, director of Urban Development of Rotterdam congratulates CEO Hicham Shatou with the investment in LeQuest.

Reinventing medical personnel training

LeQuest was founded in 2011 with the mission to reinvent how medical personnel is trained on medical technology. Goal of LeQuest is to improve the quality in healthcare, increase medical technology efficiency and reduce adverse events. LeQuest focuses its simulation-based educational solutions on high risk medical technology in hospitals and more specifically in OR’s, ICU’s and Radiology departments.

Over the last few years LeQuest experienced a strong demand for its services from hospitals as well as manufacturers in order to effectively train and certify healthcare professionals in the use of medical technology. LeQuest is working with Philips, Siemens, Medtronic, GE, and other large medical device manufacturers, and has active users in more than 15 countries in Europe, North- and South-America.

Increasing the quality of care

With this investment round LeQuest will accelerate its growth by intensifying its collaboration with the device manufacturers and expanding its services to hospitals geographically.

“We are proud of the strong network of partners and customers we have attracted and together we look forward to increase our impact globally and serve our customers even better in the coming years. This could not have been possible without the strong will of our dedicated and talented team that want to improve the use of medical technology and increase the quality of care.” says Hicham Shatou, founder and CEO of LeQuest.

Francis Quint, head of InnovationQuarter Capital, is pleased with the opportunity to invest in LeQuest alongside strong consortium partners Noaber/NextGen, Philips Health Technology Ventures and MedFinance: “LeQuest is a good example of how a young, dynamic company can grow from startup to scale-up. The ability to constantly adapt its business model to developments in the market while remaining flexible has brought LeQuest to where it is today. This investment round will enable LeQuest to accelerate its growth together with its strategic partners.”

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On the 18th of April, the Invest in Holland IT Seminar took place at the Consulate General of the Kingdom of the Netherlands in Istanbul. Turkish, Dutch and International guests were welcomed by the Consul General, the Invest in Holland Network and the Holland Innovation Network. Consul General Mr. Bart van Bolhuis kicked-off by emphasizing the strong economic ties between Turkey and the Netherlands, but also the importance of IT in both countries. Seven interesting speakers followed and enlightened the audience with insights, developments and opportunities in the Dutch field of cyber security and artificial intelligence.

Why The Netherlands

Eric van Pelt, IT Sector Specialist at the Netherlands Foreign Investment Agency, shared his knowledge on the key advantages of the Netherlands and its IT sector. The Netherlands is one of the most connected countries in the world and is renowned as Europe’s Digital Mainport and Gateway. For example, the country is home to the world’s largest Internet Exchange, houses more than 200 large data centers and 96% of Dutch households have broadband connections. The Netherlands has a great track record of IT innovation which is taking place in the many IT ecosystems the country provides. Focal IT areas in The Netherlands are: artificial intelligence, big data, cyber security, data centers and gaming. At the same time Turkey has a fast-growing IT sector which is among the leading sectors of the country and more than 60% of IT export goes to the EU. In other words, IT is of great economic value and fuels business both in Turkey and The Netherlands.

“We cannot imagine life without IT as we have become very dependent on technology. Cyber security is very important to ensure society’s digital transition and to protect the enabling properties of IT. Artificial Intelligence (AI) will help us to improve the use of IT and the output we desire.” – Eric van Pelt, IT Sector Specialist at NFIA

IT and Cybersecurity landscape of the Netherlands

André Hendriks, Partner at Verdonck, Klooster & Associates gave the audience a better understanding of the IT industry in the Netherlands and more specifically a breakdown of the Dutch cyber security market. According to VKA’s research the importance of cyber security has increased due to the increasing digitalization in society. To support that statement Mr. Hendriks shared an overview of the number of IT companies, the amount of cyber security companies and their economic added value. In conclusion, cyber security is a sub-sector of IT and grows twice as fast compared to the IT sector as a whole. Cyber attacks are a major cause of damage and trigger serious financial losses to the Dutch nation. Compared to other countries in the EU, but also worldwide, the Netherlands ranks relatively ‘high’ on annual loss due to cybercrime incidents, most likely due to its vast IT infrastructure and central position. Cyber crime will remain a serious challenge for the coming years.

Turkish experience in the Netherlands

Gönenç Seçil Tarakcıoğlu, R&D Manager at Triodor. Triodor Software is an international technology company with a versatile expertise in ICT and robotics. The company introduces unique innovation-driven business models and develops high-technology solutions for different sectors worldwide. Major projects are operating in domains of farming, food, logistics, smart living, call center and gaming. The Triodor story began in 2003, when entrepreneurs of Turkish origin living in the Netherlands realised their dream of establishing a software sourcing company. Nowadays, after a rapid growth, it counts more than 100 employees covering diverse fields and specialisations and has set up partnerships with many companies worldwide. The sales, business consultancy and board-level management are handled at the Headquarters in Amsterdam, whereas research and development operations are conducted in Istanbul. Among various other awards, the Development Center in Istanbul has been awarded to be Turkey’s Best Software R&D Center many years in a row.

Access to Communities & Ecosystems

Brian Gharibaan, Founder of The Hague Tech explained that the Netherlands has a long history of innovation and is home to a multitude of tech clusters. The Hague Tech is one of the prominent IT-Tech communities in The Netherlands providing an environment where entrepreneurs and innovators come together and share ideas openly. The community has grown to 300 members where The Hague Tech facilitates and organizes events on a daily basis. Members come together to solve challenges that large organizations – such as Samsung – are facing. THT’ers also join forces to accelerate technology adoption in society. The team of The Hague Tech is there to support the member’s mission and to build the environment where they thrive with networks, knowledge and inspiration. For newcomers and interested companies there is a dedicated ‘soft landing program’. It is a full-service program offering entrepreneurs a one-stop-shop for business expansion and soft landing related services. It is created for international Tech startups and scale-ups who are interested to get a taste of the Dutch market, who want to validate their product-market fit, have interest in meeting potential customers and partners and want to join an active Tech community in The Hague. The program is free of charge, tailor-made and open for startups and scale-ups in all phases. The Hague Tech has also established great relationships with other tech hubs worldwide, such as in San Francisco and South Africa.

Public Private collaboration

Eveline Vreede works at Delft University of Technology in the capacity of Managing Director Cyber Security Academy and Manager TU Delft Safety & Security Institute. The Netherlands is known for public-private partnerships and Ms. Vreede is a strong advocate of innovation collaboration as well. The Cyber Security Academy (CSA) is a collaboration between Leiden University, Delft University of Technology and The Hague University of Applied Sciences. At CSA scholars, lecturers and experts from private and public sectors translate cyber issues into a varied range of multidisciplinary learning tracks for highly educated professionals. The TU Delft Safety & Security Institute brings together a diversity of research on fundamental technologies, socio-technical complexity, methodology and models for Safety & Security in the public sphere, private sphere, and the movement between those spheres. DSyS functions as a window for Public Private Innovation on the topic of S&S. It creates a platform for cooperation with industry and government and encourages multidisciplinary cooperation. Delft University of Technology also known as TU Delft, is the largest and oldest Dutch public technological university, located in Delft, the Netherlands. It counts as one of the best universities for engineering and technology worldwide, typically seen within the top 20. It is repeatedly considered the best university of technology in the Netherlands

A Turkish customer journey to the Netherlands

Hakan Terzioğlu, VP of Sales & Marketing at Biznet Bilişim was able to share from experience what it took to expand business to the Netherlands. Biznet Bilisim is a leading cyber security services company with a holistic approach to IT, OT and IoT Security. The company offers best of breed products from leading global technology vendors as well as project delivery, technical support, consulting and auditing (incl. PCI-DSS and penetration testing) services to more than its 250 enterprise segment customers including Energy, Finance, and Telco. Biznet Bilisim, a Gartner recognized cyber services company and listed in Deloitte Technology Fast50 Turkey multiple times, has over 90 employees based in Turkey and now also the Netherlands. Biznet decided to open its doors at The Hague Security Delta (HSD). HSD is a well organized Security cluster in The Netherlands and is home to a community of companies, governments and knowledge institutes. Together the cluster works on knowledge development and innovation in security. It has a common goal: a more secure world, more business activity and more jobs. HSD’s primary focus areas are cyber security, forensics, national security, and critical infrastructure. HSD offers access to Talent, knowledge, innovation, capital, contacts and events.

Regional representation from the Netherlands

Chris van Voorden, Director Foreign Investments & Internationalization at InnovationQuarter represented the Dutch partners in economic promotion of the Netherlands. Several regions from the Netherlands were attending: the greater Rotterdam-The Hague area (InnovationQuarter), The Hague (The Hague Business Agency), Rotterdam (Rotterdam Partners) and last but not least Amsterdam (Amsterdam in Business). The regional partners cooperate with the Netherlands Foreign Investment agency under the flag of ‘Invest in Holland’ to promote the Netherlands internationally and attract foreign companies to the regions. As the first port of call, Invest in Holland can offer free and confidential services such as providing up-to-date information; introducing relevant business contacts, government authorities, ecosystems and service suppliers; organizing fact-finding trips and site selection missions; providing personalized guidance and counsel on tax, government and permit procedures, location options and business solutions.

“The Invest in Holland network welcomes Turkish business and innovation to the Netherlands. We are here to guide you” – Chris van Voorden, Director Foreign Investments & Internationalization at InnovationQuarter

Meet InnovationQuarter

InnovationQuarter is the economic development agency for West Holland. InnovationQuarter finances innovative and fast-growing companies, assists international companies in establishing their businesses in West Holland, and facilitates (international) collaboration between innovative entrepreneurs, knowledge institutes and government.

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