During the InnovationQuarter Annual Event a new investment fund for the South Holland (Zuid-Holland) province was launched. UNIIQ aims at entrepreneurs and academics in their proof-of-concept phase of new technologies.
The fund is an initiative of the universities Erasmus Medical Centre from Rotterdam, Technical University Delft, Leiden University and the regional development agency InnovationQuarter (The Hague). This project is also made possible by a contribution by the European Regional Development of the European Union.
UNIIQ is available for entrepreneurs in academic spin-offs, startups and existing SMEs with disruptive innovations in the South Holland province. The fund aims to invest 300.000 euro (convertible loan) per case to bring tech to market as soon as possible.
Like most proof-of-concept funds, this fund wants to close the gap between an innovation and venture capital.
"We see many business owners come to us too soon as they are not yet ready for market", says Rinke Zonneveld, director of InnovationQuarter. "UNIIQ is specifically designed for these entrepreneurs."