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Innovation credit

Do you develop products, processes or services that are ‘new’ from a technological point of view, and that offer a good commercial future?

Do you develop products, processes or services that are ‘new’ from a technological point of view, and that offer a good commercial future?

Then you may qualify for the Innovation Credit. The Innovation Credit is intended for financing development projects. It is a risk-bearing credit on which interest is charged.

How much is the innovation credit?

The Innovation Credit can finance a maximum of 35% (for SMEs) or 45% (for small SMEs) of the total development costs of a project, up to a maximum of €40 million. The level of the interest on the risk-bearing credit depends on the risk profile and is between 4% and 7%.

What are development costs?

Development costs include the following costs: own wage costs, outsourcing costs, depreciation, travel costs and costs of patent applications.

Budget

The 2024 budget is € 30 million for technical development projects and € 30 million for clinical development projects.

What are the conditions?

  • The technical feasibility of the project must be demonstrable.
  • There must be room to absorb financial setbacks. At the time of the grant, it must be clear how you fill in the other financing.
  • There is a minimum of €150,000 in project costs.
  • It must be possible to bring the product, process or service onto the market within 5 years.
  • The Innovation Credit may not cumulate with other government grants

When is the deadline?

Applications can be submitted throughout the year and each application is assessed individually.

Apply for Innovation Credit

We have a lot of experience with applications for the Innovation Credit. Are you curious about whether your activities qualify for this scheme? Please contact us without obligation. We are happy to look with you and offer you appropriate advice.

Curious about the possibilities for your organization?

If you meet the conditions for the Innovation Credit, we can submit an application for you. Would you like more information or are you curious about the financing options for your organization?

Step-by-step plan Innovation credit

Orient

If you want to apply for the Innovation Credit, a quick scan must first be completed at the Netherlands Enterprise Agency.

1

Request

Within a week you will hear whether your application is assessed as positive or negative. In the event of a negative estimate, you can still submit an application, but the chance of being awarded is then small.

2

Judge

The RVO checks the completeness of the application. Is everything delivered? Then an intake interview follows. Next, The RVO assesses whether the project is in line with the objectives of the Innovation Credit.

3

Decision

You will receive the final decision within 8 to 16 weeks after the application has been processed. The project can be assigned, assigned under conditions, or rejected.

4

Implement

Is the Innovation Credit granted? Then the RVO adopts the proposed project budget.

5

Paying off

When the project is completed, the credit and associated interest must be repaid.

6

Get in touch

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