VIA Subsidy Boosts Innovation in Northern Netherlands
Drenthe, Thursday, 19 December 2024.
Small businesses in Drenthe and Friesland receive 35% financial support for technological innovation, enhancing regional economic growth through new product and service development.
Support Details and Eligibility
The Versneller Innovatieve Ambities (VIA) subsidy program offers substantial financial backing for small and medium-sized enterprises (SMEs) in Drenthe and Friesland [1]. The initiative provides 35% funding support with a maximum of €50,000 for individual businesses, while collaborative projects between multiple SMEs can receive up to 45% funding with a ceiling of €100,000 [1]. To qualify, projects must have minimum eligible costs of €30,000 and demonstrate worldwide innovation potential [1].
Scope and Timeline
The program covers a wide range of innovative activities, including the development of new products, services, and processes. Eligible expenses encompass prototype materials, equipment rental, labor costs, and consultation with independent experts [1]. Projects must be completed within 18 months of subsidy approval and no later than June 30, 2027 [1]. The total budget allocated for this initiative stands at €5 million, with funds distributed on a first-come-first-serve basis [1].
Regional Economic Impact
This subsidy represents a strategic approach to strengthening the northern Netherlands’ economic position through technological advancement [1][3]. The Netherlands Enterprise Agency (RVO), which oversees various entrepreneurial support programs, recognizes this initiative as crucial for sustainable and innovative business development [3]. A notable aspect of this round of funding is its backing by the European Regional Development Fund, specifically for Drenthe and Friesland [1].
Future Developments
While the current program focuses on Drenthe and Friesland, plans are in place to extend similar support to the province of Groningen through the Just Transition Fund [1]. This expansion aligns with broader national efforts to promote sustainable and innovative entrepreneurship across the Netherlands [3]. The initiative demonstrates the government’s commitment to supporting technological innovation while strengthening regional economic development [2][3].