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4.5 — Eligible activities Orange Corners Innovation Fund Grant Programme 2024–2030

Eligible activities

The following activities are eligible for a programme grant.

Provision of financing in Track I and Track II

Track I activities entail support for startups participating in the OCAIC (incubatees) or, if there is no OCAIC in the target location in question, in another appropriate incubation/acceleration programme. Support can be provided for starting and building a company. For instance, funding can be provided for registering a company, developing a prototype or new products and services, engaging third parties, and other means necessary to building innovative, sustainable companies. In the course of Track I, support may also be provided to help a company prepare for selection for Track II. Track I has the same duration as the incubation or acceleration programme in the target location (an average of six months). Track I financing consists of a grant of no more than € 5,000 for each individual entrepreneur.

Track II activities involve additional support to the most promising companies, preferably companies that have completed Track I activities, which are selected during one or more selection days. These companies will have access a larger amount of capital, which can consist of a loan (which may or may not be interest-bearing) and/or a grant. The composition of the capital depends on the local situation, but it may not amount to more than € 50,000 for each individual entrepreneur. The capital will be paid out to the entrepreneur in several tranches on the basis of previously agreed Key Performance Indicators (KPIs). The applicant will develop an implementation plan and a selection process for this purpose.

Technical assistance to promote investment-readiness

Participation in incubation or acceleration programmes does not always result in the selected entrepreneurs being able to meet all the requirements for a commercial loan. Additional training, coaching and mentorship can enhance investment-readiness. This technical assistance will be provided on the basis of a needs assessment and must be agreed with the OCIAC.

Network support and follow-up financing

Some young entrepreneurs will need follow-up financing to enable their company’s continued growth. To this end, activities can be organised to put entrepreneurs in touch with local and international investors, such as angel investors, venture capital funds, commercial banks or other appropriate parties. Efforts will be aligned as much as possible with other funds and programmes financed by the Dutch government. There are also opportunities to improve market access by actively putting young entrepreneurs from different target locations in touch with one another.

Activities which already receive grant funding or a contribution directly from the Ministry of Foreign Affairs budget are not eligible for a grant.

Regeling
Orange Corners Innovation Fund Grant Programme 2024–2030
Soort
Ministeriële regeling
Geldend vanaf
19-09-2023
BWB-id
BWBR0048627
Versie
2023-09-19_0

In de hele regeling · Officiële tekst op wetten.overheid.nl