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Home Society Dutch IT channel – ROM Utrecht Region launches Startup Innovation Fund

Dutch IT channel – ROM Utrecht Region launches Startup Innovation Fund

by News Room
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In recent years, the former Proof of Concept (POC) fund offered early-stage investments to ambitious entrepreneurs with investment funds of 250,000 euros. Due to the great success of the POC fund, where around 20 startups received support through more than 25 investment rounds, the ROM Utrecht Region has decided to establish a Startup Innovation Fund.

Expands the budget

“The purpose of the new SIF is to give entrepreneurs, in the so-called initial phase, the opportunity to further develop their product and validate it on the market, after which it is possible to implement further financing,” says Edgard Creemers, ROM’s investment director. Utrecht area. “With a larger budget, we can now grant investments from 50,000 euros to a maximum of 500,000 euros divided into two rounds, so we can support startups even more effectively.”

Life Sciences & Health, Earth Valley and New Digital Society

SIF was established in cooperation with the European Regional Development Fund (ERDF) through the Opportunities for West program and focuses on innovative solutions in the three ecosystems of Utrecht. Life Sciences & Health, Earth Valley and New Digital Society. “The goal of the fund is to encourage innovative startups that promote healthy people, a healthy environment and a healthy society,” adds Creemers.

With a total budget of 9 million euros and support from the relevant support departments of the ROM Utrecht region, the Startup Innovation Fund provides a decisive boost to regional ecosystems until 2029, just like the POC fund with a budget of 4 million euros. was the case. This POC fund has fueled the success of several innovative startups in the region in recent years.

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