On behalf of the Dutch government, we are developing a product to make it easier to obtain financing for investments in key national technologies.
Read on to find out what this entails and what it could mean for you.
The Dutch government wants to support companies operating in innovative sectors in their growth ambitions. To this end, it is also deploying the instruments of Atradius Dutch State Business (DSB). These instruments make it easier for companies that need capital for investments to obtain loans from a bank or financier. Through Atradius DSB, the Dutch government assumes part of the risk associated with the repayment of the loan.
The Dutch government has identified ten priority key technologies in its National Technology Strategy (NTS). These key technologies make a major contribution to the Netherlands' earning capacity, are crucial for addressing the social challenges we face, and are important for our national security. By deploying Atradius DSB's instruments, we want to encourage these companies to develop more production and export capacity. To this end, a new product is being developed: Innovation Cover.
An important element for this international funding is the development relevance of the individual projects. We ask you to interpret this positive impact using the selected Sustainable Development Goals (see the SDG header below). The fund is additional to the market and is therefore in particular applicable to a higher risk segment where private financing is not possible.
The aim of Innovation Cover is to enable financiers to offer investment loans to companies active in one of the key technologies. These investment loans may be needed for upscaling, further development or stockpiling, for example. The financier, for example a house bank, provides an investment loan. Atradius DSB covers this loan at a covered percentage of up to 80%. The financier therefore still bears an own risk of at least 20%.
Which criteria must be met?
The risks associated with the application must be acceptable, which means that:
- The investment contributes to the development/upscaling of a priority key technology from the NTS;
- The technology in question has a Technology Readiness Level (TRL) of 8 or higher;
- The company has a financeable business case – this can be demonstrated by a good track record, current financial strength, a solidly substantiated business plan, and a financial model that substantiates how the investment will be recouped;
- The financing concerns a non-subordinated loan for the benefit of a Dutch company;
- There is at least 20% export potential – at least 20% of the future income from the business case must come from abroad;
- At least 20% of the purchases made with the investment budget must be Dutch;
- The regular ECI conditions in the area of compliance and E&S policy are met.
What is so special about this product?
This product provides cover for loans intended for investments that will generate future exports. These future exports may consist of various types of products and services. There are no restrictions on the type of products and services covered by this product. However, they must relate to one of the ten priority key technologies.
Who is this interesting for?
The Innovation Cover is especially interesting for Dutch tech companies that are active in one of the ten priority key technologies and that already export or expect to do so in the future. The technology or innovation is technically and commercially ready, ready for production, and ready to launch in the desired market environment.
If you are interested, please fill in the form below. You will then be kept informed of relevant developments and when we can start processing applications.
