Frequently Asked Questions
We use fixed term sheets for all our startups. Our share will range from 25% to 45% depending on the number of rounds that we finance.
The initial investments, before the company is founded, is structured as a Research Grant. This is a grant that you do not have to pay back. Income tax will apply.
You, as co-founder, are the directors of the startup and have full ownership. However, there is a list of reserved matters, for which you'll need approval. This is required to protect our investments.
Our investments are restricted to software companies only, in particular with a SAAS business model.
We have a preference for B2B, but we support B2C initiatives as well.
In essence you need to meet the milestones set in the stage gates. If this doesn't work out, you can apply again, but this will depend on the situation.
Our network and all legal templates are Dutch based. We use The Netherlands as a testing market. Beginning operations in another country is therefor not likely.
Our investment thesis is not restricted to an industry, but we are restricted to software only.
Our portfolio consist primarily of FinTech, EduTech and HRTech startups, but we also recognize "smarter business" as an interesting sector.
The founder group at the beginning of the program will range from 10 to 20 Entrepreneurs in Residence.
We invest in aspiring entrepreneurs, rather than in startups. For traditional funding you would need a product and a market first, for which you need the funding.
We break this vicious cycle by investing in you.
No, you can't. The program is designed to invest in people, not in existing startups.
If you already have a team, but not yet a product, you can apply individually.
The startup will own the IP from the Discovery phase onwards.
Yes, you must be legally permitted to work in The Netherlands for at least 9-12 months from your start date.
Depending on the progress we can assist in a Startup-Visa, after 4-6 months in the program.
No, you are required to join fulltime in the program from the start.
No, you can build the startup anywhere in The Netherlands, but some aspects in our program are face-2-face and require your presence in Utrecht.
You are free to use our shared office space, during the program.