Invest NL

Invest-NL doubles bridging loan amount for innovative startups and scale-ups by €100 million

Invest-NL is allocating €100 million to the Temporary Bridging Loan Program for innovative Start-ups and Scaleups (TOPSS). This program has been set up in recent weeks in close cooperation with Techleap.nl and the Regional Development Agencies (ROMs).

Invest-NL is allocating €100 million to the Temporary Bridging Loan Program for innovative Start-ups and Scaleups (TOPSS). This program has been set up in recent weeks in close cooperation with Techleap.nl and the Regional Development Agencies (ROMs).

With the €100 million for TOPSS, Invest-NL wants to ensure the availability of venture capital for innovative high-potential startups and scaleups impacted by the Covid-19 crisis. Funding from TOPSS is aimed at continuing activities in anticipation of a long period in which fundraising will be difficult.

TOPSS offers funding from €2 million with the involvement of professional investors. In principle, Invest-NL finances up to 50% of the financing round. Financing is provided in the form of a convertible loan. Invest-NL applies specifically for applications under TOPSS an accelerated investment process of 3-5 weeks. Propositions with social impact are given priority (FTE, CO2, R&D).

Applications can be submitted as of 29 April 9:00 a.m. via the joint online portal with Techleap.nl and the ROMS's found here:

www.techleap.nl/content/bridgefinancing-portal

 

More information about TOPSS criteria and applications can be found here

 

In addition to the €100 million made available by the government

The €100 million from TOPSS is in addition to the €100 million made available by the government on 7 April for bridging loans to start-ups, scaleups and innovative SMEs. These loans, the so-called Corona-Oververbruggingslening (COL), vary between €50,000 and €2 million. The implementation of the COL takes place via the ROMs.

More information can be found at: https://www.rom-nederland.nl/corona-overbruggingslening/