Global Collaboration Boosts Startup Support for International Growth
The Hague, Friday, 13 September 2024.
Regional development agencies and Invest International have signed a cooperation agreement to enhance support for innovative startups with global ambitions. This partnership aims to improve access to investment opportunities, facilitate knowledge sharing, and organize joint trade missions, strengthening the international competitiveness of Dutch companies.
Strategic Objectives and Financial Commitments
In 2023, regional development agencies (ROMs) invested €219 million in 372 startups, scale-ups, and innovative small and medium-sized enterprises (SMEs) from a total fund of €2.3 billion[1]. This collaboration aims to leverage these substantial investments by aligning them with Invest International’s €833 million investment capital, thereby multiplying the resources available for international growth and expansion[1]. The partnership focuses on startups and scale-ups that address global challenges such as climate-neutral energy solutions, sustainable food, and healthcare innovations.
Enhancing International Competitiveness
The cooperation agreement emphasizes the importance of internationalization as a key pillar for the current and future earning capacity of the Netherlands. By combining the local expertise of ROMs with the international financing capabilities of Invest International, the initiative aims to boost the international presence and competitiveness of Dutch companies. As Eelco Benink, Head of Equity at Invest International, stated, ‘A good collaboration between Invest International and regional development agencies is crucial to optimally support Dutch companies in their international growth’[1].
Focus on Renewable Energy and Sustainable Practices
One of the key areas of focus for this partnership is the renewable energy sector, particularly wind energy, which is crucial for meeting the EU’s renewable energy goals[1]. The agreement includes initiatives for knowledge sharing on green hydrogen and other sustainable practices. This emphasis on sustainability aligns with broader EU objectives and underscores the importance of investing in progressive economic practices to ensure long-term growth and environmental responsibility.
Joint Trade Missions and Export Financing
The agreement also aims to organize joint trade missions and explore opportunities for export financing. These initiatives are designed to help Dutch companies navigate the complexities of entering foreign markets, which often require risky pre-investments. By working together, Invest International and ROMs can provide comprehensive support, from initial market entry to scaling operations internationally[1].
Building a Sustainable Future
Investments will be directed towards startups and scale-ups that offer solutions to global challenges, fostering innovation in sectors such as climate-neutral energy, sustainable agriculture, and healthcare. This focus on mission-driven companies aims to not only enhance the international position and competitiveness of Dutch businesses but also contribute to a sustainable and progressive global economy[1].