Congratulations to our graduate @Stucomm! They have entered into a collaboration with @ReadyEducation and the @collabco. Through this partnership StuComm will be part of the largest student engagement platform provider. Read more about it here: https://t.co/5xqV7uH5O0 #edutech https://t.co/J0325j35qF
The force is with us! ROM Utrecht Region has entered the building. Here’s what they can do for you!
The freshly established ROM Utrecht Region presented their goals and new funds at CrossRoads 2020 and it is a promising new opportunity for any kind of ambitious startup founder in the Utrecht region. The ROM is aiming to contribute and strengthen the ecosystem in Utrecht region (province of Utrecht and Gooi- & Vechtstreek) by actively helping startups, scaleups and innovative SME’s with advising, networking and resources. A lot can be said about the promising added value of the expert advice and government-related networking capabilities, but we will focus this blog on the financial resources they want to contribute. The resources can be divided into two funds, the Proof Of Concept fund (POC fonds) and the Participation fund (Participatiefonds).
The Proof Of Concept Fund
The Proof Of Concept fund is intended for startups or scaleups that are in the TRL 4, 5 or 6. Not familiar yet with TRL? Google: Technology Readiness Level, European Commission. On top of TRL your startup should be working on an innovative product or service in the field of Health, Digital or Sustainability with a positive impact on the region. The ticket sizes are starting from €50.000 up to €250.000 and are positioned as a loan/convertible loan. You are allowed to use a part of the ticket for commercial purposes but it should be mostly intended for research and development purposes. Or in other words, anything that gets you to TRL level 7, 8 or 9. When handing in your business plan to apply for a ticket, a minimum of 25% of the financing round should come from a private investment (e.g. angels, informals, VC’s or loans). Be aware that the lead time for applying for a fund ticket and getting the loan is about three to four months – but since they are just starting, prepare for a six to nine months period.
The Participation Fund
The Participation fund aims to support startups, scaleups and innovative SME’s that are in TRL 7, 8 or 9. With ticket sizes starting at €250.000 up to €1.250.000 (equity or (convertible) loan), it clearly chips in at a higher level and comes with a different set of criteria. The ROM Utrecht Region will only participate as a co-investor, 65% of the financing round must come from private investors. At all times the ROM aims to be a minority shareholder for a minimum of 5% up to a maximum of 49% after the transaction has taken place. The ROM Participation fund will only invest in scalable innovations related to their three interest fields: Health, Digital and Sustainability (hint: they are very similar to our interest fields at UtrechtInc). The result of the investment should also create a positive impact for the Utrecht Region and is specifically not intended for (international) corporates or corporate spin offs in which the corporate has a majority interest. The lead time for applying for a fund ticket and getting the funding is about six to nine months. Currently, the lead time can be a bit longer due to the start-up phase of the ROM itself.
Want To Apply?
Interested to apply to one of their funds directly? Mail them at Info@romregioutrecht.nl. Attach your pitch deck, which at a minimum covers: What is the problem? What are the opportunities and solutions? Who is the customer, how will you reach them? How big is the market? And what is the pricing model of the product or service? And last but not least, who is behind your great venture? Show them your team. They can use this to get the first impression of the proposition and your team and take the relationship from there. In the case that they can’t help you, they are more than likely to refer you to an organization who could. Goodluck!
Are you an innovative tech-company that is ready for the international market? Then this is for you! Applications have opened for CES Unveiled Amsterdam. Apply now to participate! The last date to apply is the 30th of July. Find out more about it here: https://t.co/71IhpxXGWs https://t.co/ScuaxW39Je
We are thrilled to announce that our graduate @jawsaver, just received @Rabobank's Pre Seed Fund for their innovative device! Cannot wait to see future developments from the team! Check them out here: https://t.co/YwiSinle0g #entrepreneurs #healthtech #startup #innovation https://t.co/muB3YBAdJu
Haven’t signed up for Building Bridges #2 yet? Then wait until you’ve heard of our second speaker… We’re happy to introduce you to @Roos Aduagyei and @Nica Renoult: The founders of @Trickle! Get your ticket to this free event here: https://t.co/Vj92ySjWe3 #network #startups https://t.co/2FjOl4CnBR
UtrechtInc and @Rabobank continue their #collaboration that started in 2009. Rabobank was one of the founding partners of UtrechtInc and has been a committed partner and sponsor ever since. Together we keep stimulating #entrepreneurship in Utrecht Region https://t.co/WmDTOgKFox https://t.co/yjWz9DLWTA
We’re excited to announce our first speaker for Building Bridges #2! Chantal Linders, CEO of Greenhabit will join us to talk about how to keep a good work-life balance in an on- and offline workplace. Sign up here: #buildingbridges #networking #startups https://t.co/kHHdKXEZoi https://t.co/oCgweSeHzL
@duicnl in zaken talked to graduate Graciëlla van Vliet from Closure about their #startup journey so far; from being student #entrepreneurs to going international. A great example of how your business can grow with help of an #incubator and its partners. https://t.co/nwUApi4sjq https://t.co/I7kd2SucU7
Building Bridges is back! Join us on June 30th from 4 PM - 5.30 PM for another edition. This time we talk Team! Excited to get inspired, build your own bridges and expand your #network? Then sign up here: https://t.co/Vj92ySjWe3 #buildingbridges #startup #startupecosystem https://t.co/eBZtB2wNwg