Value Creation Funding
Value Creation programs and funding
South Limburg Valorisation Program
The South Limburg Valorisation Program is responsible for developing, expanding, innovating, and accelerating investments in the southern Netherlands knowledge economy.
The funding consortium of Maastricht University, Maastricht University Medical Center+, Zuyd University of Applied Sciences, the LIOF investment fund, and Brightlands, have access to EUR 12.5 million to spend on start-up company loans, patent registration, feasibility studies, and staff. A further EUR 4.5 million is available in the form of a grant from the Dutch Ministry of Economic Affairs.
The South Limburg Valorisation Program takes the form of two funds: a Pre-Seed Fund and a Proof-of-Concept Fund.
The Pre-Seed Fund offers loans of up to EUR 100,000 to new entrepreneurs. These are personal loans that provide entrepreneurs with capital to draw up a business plan, test the market, develop the initial product, arrange further financing, and other initiatives. If the investment leads to the creation of a company, part of the loan can be converted into shares. If that does not happen, the loan may be wholly or partially written off. Loans are intended for individual entrepreneurs but can also be granted to two or three people wishing to start a business together.
The PoC Fund offers loans to finance technical feasibility studies and test whether ideas or products meet basic technical and scientific requirements. Similar to the Pre-Seed loans, these loans—up to EUR 250,000 per feasibility study—are granted to new entrepreneurs, SME entrepreneurs, and social enterprises. The project must involve the value creation of knowledge and ideas from knowledge institutions; for example, an initial prototype of a medical device, or a candidate biomarker or drug. The loans are valid for two years after issue and may be converted into shares. The loan may be wholly or partially written off if the concept does not lead to commercialization within five years of completion, if the concept is not technically feasible, or if the company becomes financially unviable.