Proof of Concept Funding for Startups
The Proof of Concept (PoC) Funding is a loan with favourable conditions from the government to support Startups to proof their technology and idea is feasible for the market. This is done by a PoC.
How much?
You can get a loan for 100% of the Proof-of-concept costs, up to a maximum of € 350.000. The interest rate is 4.82% (set as of 1 January 2018). Repayment of loan and interest starts 3 years after you finished the PoC.
Do I qualify?
Startups with a WBSO beschikking can apply for a Proof-of-concept (PoC) funding. They can get a loan for 100% of the Proof-of-concept costs, up to a maximum of € 350.000. The startups must have a letter of intent from a investor to fund the phase after the PoC. The investor should at least match the same amount as the PoC loan.
How do I qualify for PoC funding
- You did not start the PoC
- The PoC takes no longer than 2 years
- You have a new/disruptive idea
- The company has a WBSO ' beschikking'
- The PoC costs are at least € 50K and maximum € 350K
- You have a letter of intent from a Venture Capitalist to invest after the PoC
- You are located in the Netherlands and have a Dutch entity.
- You have a business plan and Proof of Concept plan
How do I apply for PoC funding?
Vectrix can help. We support you with writing the PoC plan and quide your through the whole process with RVO (subsidy agent). We can help you find a Venture Capitalist or even invest with our NextStage Early Stage Fund. We are very successful in applying for PoC funding,
