Brabant Development Agency Fuels Green Innovation in Tech Startups
Brabant, Tuesday, 24 September 2024.
The Brabant Development Agency (BOM) is driving sustainable change by supporting startups in Brabant. Focusing on venture building in sectors like sustainable food, healthcare, and climate-neutral energy, BOM aims to catalyze impactful growth and technological advancement in the region.
Supporting Sustainable Ventures
BOM’s commitment to green innovation is exemplified through its concerted efforts in various sectors. One of the most notable initiatives includes the development of a €30 million investment program for an industrial hydrogen cluster, supported by the European Union through the BRAVE partnership. This program aims to scale cleantech solutions and transition from pilot projects to large-scale implementations, accelerating sustainable energy solutions in the region[1].
Empowering Tech Startups
In addition to its work in sustainable energy, BOM is also heavily involved in supporting high-tech innovations. A prime example of this is their recent co-lead investment in Morphotonics, an Eindhoven-based company specializing in large-area nanoimprint technology. Morphotonics raised over $10 million in a Series B funding round on its 10th anniversary, with BOM and 3M among the key investors. This funding will enable Morphotonics to enhance its operations, expand its global customer base, particularly in Asia, and promote the adoption of advanced display technologies like glasses-free 3D displays and Smart AR Glasses[2][3].
Level Up Event for Startups
To further bolster the startup ecosystem, BOM is organizing the ‘LEVEL UP 2024’ event, scheduled for 30 September at the Evoluon in Eindhoven. This event is set to transform the venue into a vibrant meeting place for the tech startup community, featuring inspiring keynotes, workshops, pitches, and networking opportunities with investors and peers. Such initiatives not only provide startups with the necessary resources but also create a collaborative environment to foster innovation and growth[1].
Strategic Partnerships and Future Prospects
BOM’s strategic partnerships extend beyond financial support. The agency collaborates with 12 organizations through the BRAVE program to drive the development of key technologies. By focusing on sectors like sustainable food, climate-neutral energy, and healthcare, BOM aims to create a future-ready ecosystem that can address global challenges. The agency’s headquarters in Tilburg, North Brabant, serves as a hub for these transformative initiatives, ensuring that Brabant remains at the forefront of technological and sustainable advancements[1][4].