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On behalf of the Ministry of Economic Affairs and Climate Policy (EZK), a consortium consisting of the Rotterdam School of Management (RSM), the Erasmus Centre for Entrepreneurship (ECE), and Dialogic has conducted an evaluation of three financing instruments from the Future Fund:
- The SEED Capital scheme from 2005 is aimed at so-called Technostarters (start-up innovative companies) struggling to secure venture capital.
- The Growth Facility, established in 2006, aims to assist companies in attracting risk-bearing capital.
- The Dutch Venture Initiative (DVI) is a fund that provides venture capital to support the growth of innovative SMEs through other funds. DVI is a collaboration between the Ministry of EZK, the regional development company Oost NL, and the European Investment Fund (EIF). The first DVI fund was established in 2013 with a total amount of €202.5 million. DVI-II was founded in 2016 with a size of €200 million.
The instruments were collectively evaluated because they all aim to enhance access to venture capital for businesses. The evaluation aimed to assess the effectiveness and efficiency of the schemes in the period 2012-2017.
We have concluded that it is likely that:
- access to venture capital for entrepreneurs has been improved through these three instruments,
- investors found it easier to secure funding for their funds with the help of SEED and DVI, and
- these schemes have strengthened the venture capital market in the Netherlands.
Download the Evaluation SEED Capital Scheme, Growth Facility & Dutch Venture Initiative (PDF) (Untranslated).
Minister Mona Keijzer has presented evaluations of several venture capital instruments to the House of Representatives. Download the Letter to Parliament dated 4th February 2019 (Untranslated).
