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Dialogic supported Technopolis and SEO in evaluating the Innovation Credit 2018-2022 as part of a larger study on the overall venture capital instruments in the Netherlands. The Innovation Credit aligns with policies aiming to improve access to capital for emerging and fast-growing companies, which is seen as a significant challenge for SMEs in the Netherlands.
Companies often face difficulties in obtaining financing for innovative initiatives. The Innovation Credit enables companies to receive funding for a percentage of the development costs of an R&D project. Depending on the size and type of the project, companies can receive between 25% and 45% of project funding (with a maximum project size of €10 million). This percentage can even increase to 50% if collaborating with knowledge institutions. The financing must be repaid after the project period. The evaluation examined the effectiveness and efficiency of the instruments in expanding the venture capital market in the Netherlands, using portfolio analyses, a survey, econometrics, and interviews.
