Regional Development Organizations Join Forces to Boost International Startups
Limburg, Tuesday, 10 September 2024.
Dutch regional development agencies and Invest International have partnered to enhance support for innovative companies with global ambitions. The collaboration aims to streamline access to investment opportunities, share knowledge, and facilitate export financing, strengthening the Netherlands’ international economic position.
Strategic Investment for Future Growth
The newly signed cooperation agreement between the regional development organizations (ROMs) and Invest International is a significant step towards bolstering the support framework for startups and scale-ups in the Netherlands. With a strong focus on companies that address global challenges such as climate-neutral energy solutions, sustainable food production, and healthcare innovations, this partnership is set to leverage the combined investment capital and expertise of both entities. In 2023 alone, ROMs invested €219 million in 372 startups, scale-ups, and innovative SMEs, showcasing their commitment to fostering innovation and economic growth[1].
Enhancing International Competitiveness
One of the key objectives of this collaboration is to strengthen the international position and competitiveness of Dutch companies. By sharing knowledge on critical topics like green hydrogen and providing export financing options, the agreement aims to mitigate risks associated with entering foreign markets. Eelco Benink, Head of Equity at Invest International, emphasized the importance of this partnership in supporting Dutch companies in their international growth, highlighting the need for a cohesive strategy to navigate the complexities of global markets[1].
Joint Trade Missions and Knowledge Sharing
The agreement between ROMs and Invest International also includes plans to intensify collaboration through joint trade missions. These missions will not only open up new market opportunities for Dutch startups but also facilitate knowledge exchange and networking with international partners. Brigit van Dijk-van de Reijt, director of Brabantse Ontwikkelings Maatschappij (BOM), pointed out that internationalization, alongside innovation, is a cornerstone of the Netherlands’ current and future economic capacity[1].
Focus on Sustainable Development
Invest International brings to the table a robust investment capital of €833 million, dedicated to startups and scale-ups tackling global challenges. Their focus aligns with the Sustainable Development Goals (SDGs), aiming to build sustainable markets through innovation, entrepreneurship, and leadership. This partnership is expected to have a ripple effect, contributing to a sustainable and progressive economy by supporting companies that deliver Dutch solutions to global problems[2].
Broader Implications and Future Outlook
The collaboration between ROMs and Invest International is poised to create a more conducive environment for Dutch startups with international ambitions. By providing the necessary financial support and facilitating strategic partnerships, this initiative is likely to enhance the global economic influence of the Netherlands. The partnership underscores the critical role of regional development organizations in fostering innovation and international growth, setting a precedent for future collaborations aimed at achieving sustainable economic development[3].