A helping hand for Amsterdam’s startup ecosystem
Invest-NL, an impact investors group, is providing €100 million to the Temporary Bridging Loan Program for innovative Start-ups and Scaleups (TOPSS). This funding is an addition to €100 million that has been made available by the Dutch government through the Corona-Oververbruggingslening (COL) scheme.
TOPPS was established in cooperation with Techleap.nl and Regional Development agencies across the Netherlands to provide access to venture capital during the coronavirus (COVID-19) outbreak. Loans offered through TOPSS will be worth a minimum of €2 million. Applications that have the potential for social impact will receive priority.
Providing young companies with financial support
Companies requiring less financial assistance can still apply to COL for support, as it offers loans ranging from €50,000 to €2 million. A digital application portal opened on 29 April and there is a detailed Q&A available in Dutch online, along with information about documentation requirements.
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