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€20M fund launched for Northern Netherlands startups

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Boosting Startups in the Northern Netherlands: €20M Fund Launched

The Northern Netherlands has just become a more attractive place for startups, with the launch of Future Tech Ventures (FTV), a new venture capital firm. FTV debuted with a €20mn fund that will support at least 50 high-tech startups in the proof-of-concept phase.

Addressing the Funding Gap

According to Niek Huizenga, fund manager at FTV, startups often struggle to secure funding in their early stages. This is due to significant risks related to technology, market, and team. To address this challenge, FTV is offering business support, networking opportunities, and guidance to the startups it invests in.

A Collaborative Effort

The fund was created through the joint effort of local ecosystem players Triade, RUG Ventures, NV NOM, and Investeringsfonds Groningen. This collaboration aims to bring together the strengths of these partners to better support startups and position the region as a hotspot for high-tech innovation.

Key Features of the Fund:

  • Support for at least 50 high-tech startups in the proof-of-concept phase
  • Investment period set between 2024 and 2029
  • Business support, networking opportunities, and guidance for startups
  • A Growing Startup Ecosystem

    The launch of Future Tech Ventures is part of a broader effort to strengthen the startup hubs across the Netherlands. While North Holland, South Holland, and North Brabant are currently the largest startup clusters in the country, initiatives like FTV are helping to promote high-tech innovation in other regions.

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