Funds Available for Fast Growing New Businesses in the Netherlands

By: Together Abroad 06-10-2017 11:17 AM
Categories: * Daily employment news,


The European Investment Fund (EIF) and the Ministry of Economic Affairs will make a €100 million fund available for financing scale ups. This includes fast-growing start-ups with more than 10 people in service. Both parties will make available €50 million. "Scale-ups often struggle to get adequate funding from the market," says Minister of Economic Affairs. "This new fund should help promising companies to grow." Business is expected to invest another €100 million in the fund.

Lack of daring

Numerous start-ups who want to expand and grow complain about a lack of resourcefulness or innovation with Dutch investors, whereas with American and Asian investors, the fear is much smaller. Dutch investors are most likely to devote to a company if government funding is expected.

"With this fund we want to stimulate innovation in Europe," said EIF Vice President Pim van Ballekom in the NOS Radio 1 Journal. "We hope these companies expand in the Netherlands. We often see that ideas are born in Europe, but are being commercialized elsewhere. That should not happen."

There are more than 3,000 scale ups in the Netherlands. For the first time since 2008, the number increased by more than 7% last year. According to research by Erasmus University, 73,680 new jobs were made last year. Well-known examples of scale ups in the Netherlands that grow are Coolblue, Adyen and Rituals.

Translated by Maybeline Whitter

Sources: https://nos.nl/artikel/2194984-fonds-van-100-miljoen-voor-groeiende-nieuwe-bedrijven.html

716 views
No reactions
Print
Mail a friend
This article is restricted. You have to be logged in to be able to add further reactions.

For an expat moving to the Netherlands, getting the right direction is very important. It's important that one knows which steps and direction to take. Linda is an exceptionally talent counselor, her advice has helped me land a job within a week of coming to the Netherlands. I am grateful for her mentoring and look forward to a great working relationship in the future.

Dr. Hrishiraj S | Clinical Research & Affairs Manager

Together Abroad provided expert advice on personal branding including developing a top-notch, market-aware CV, highly tailored job applications, and approach strategies with potential employers in the Netherlands. Furthermore, I found them be highly knowledgeable in key related fields such as recruitment strategy, immigration law, contracts, labor agreements, and (un)employment benefits. I would recommend Together Abroad to anyone who needs professional help with transitioning to a new career.

A. Aboufirass | Structural Engeer

Linda is a big mind. She thinks about things that the rest normally overlook. The insight she has about the dutch job market can only be achieved through years of experience and persistence.

Her business savvy is complemented by her mastery of understanding the client's needs and requirements. For my career I could say, she was the “Mary Poppins”, who guided me through thick and thin and helped me to land a career in the Netherlands

S. Bhattacharjee | FP&A Manager

If you are going to enlist the services of a "Career Coach" look no further. The only person you want in your corner is Linda van Orsouw. As an expat, you absolutely want to work with a highly skilled and knowledgeable professional who knows their way around the Dutch career/employment/job market. Linda assisted me in writing and positioning my CV, helped me organize and prioritize my list of opportunities, coached me through mock interviews and was there when I got offered a senior position only 2 months later. When asked I will only refer to Linda and "Togetherabroad".

Mr. C. Joubert
Lead Workplace Strategy Consultant 

 

New item