Startups and scale-ups are experiencing major consequences of the corona crisis. A TechLeap survey last month found 80 percent of startups expected to get into financial trouble due to the corona crisis. Over two thirds are looking for bridge financing due to liquidity problems. 55 percent of the startups see the demand disappearing because existing customers withdraw or because new customers stay away.
Up to now, startups have been largely outside the arrangements made by the government to mitigate the consequences of the corona crisis. For example, the most important emergency measure, the wage support via the NOW, only companies that are affected by a fall in turnover of at least 20 percent are eligible, while growth companies mainly incur a lot of costs, but either have no turnover or grew tens of percent compared to 2019.
The government is making available 100 million euros for bridge loans to start-ups and other “innovative SMEs”. These loans will be provided through the regional development companies (ROMs, such as InnovationQuarter, BOM and NV Oost), and are intended for “innovative companies that have run into financial difficulties due to the Covid19 crisis”. From 29 April, startups and scale-ups can apply for this bridge loan. Investors and startups speak of “a first step”. Read more in Dutch:
On 14 April we concluded the valorisation program IXAnext: talent for innovation with a festive gathering. This event – kicked off by Jan Lintsen, member of the Executive Board of the UvA – celebrated the successes and results of this program from several angles. In its five-year existence, the valorisation program has proven to be […]News
De ikHerstel-app, ontwikkelt vanuit Amsterdam UMC, was recent in het nieuws. Aanleiding was een overeenkomst tussen het Maastricht UMC+ en zorgverzekeraar VGZ om het gebruik van een hartritme-app te financieren als onderdeel van de reguliere zorg. De ikHerstel-app (winnaar VGZ Zinnige Zorg Award 2021) wordt momenteel nog op beperkte schaal toegepast. Deze app is met […]News
The ACE Incubation Program kicked off with six innovative tech and science based startups of VU, UvA, HvA and other universities. In this 10 week program the startups will get intensive training after which they are ready to spread their wings. Meet the startups: DBugIT – VU Startup Sector: Software Founders: Marc Went, Robert Jansma, […]News