Dutch Good Growth Fund for Startups
Do you have a new product for a DGGF country? Or do you want to introduce an existing product to a DGGF country? Securing financial backing can be difficult. However, the Netherlands Enterprise Agency can provide the financial support you need!
The Dutch Good Growth Fund (DGGF) helps Dutch startups that want to do business with developing countries and emerging markets. These may include:
- startups looking to launch or manufacture an existing product;
- innovative startups wanting to develop a new product for a DGGF country or to manufacture products there.
What is it exactly?
DGGF for Startups is a loan for Dutch businesses. The difference between an ordinary loan from a bank and a government loan is that the government is prepared to take on more risk. This means that as an entrepreneur, you may qualify for a government loan, which a bank would deem too risky.
Why DGGF for Startups?
The Dutch government is committed to stimulate Dutch enterprises in doing business in developing countries and emerging markets. By creating jobs in those countries, sharing our knowledge and improving production processes, we ensure stimulation of the local economy.
When do you qualify for financial support under DGGF Startup?
Dutch startups that develop products for and/or manufacture in developing countries may qualify for this component of the DGGF fund. You must qualify for the following conditions:
- You must have a robust business plan with substantiated financial forecasts.
- For innovative products, financial support may be granted as early as the proof of principle stage in a lab environment.
- You must have a very favourable market potential and an experienced team that is able to build the business and develop and market the product.
- You must generate local impact: contribute to local employment, knowledge transfer and/or production capacity.
- The business must be less than 5 years old (Chamber of Commerce registration).
- The business must be Dutch-registered and must meet the substance requirements of the Tax and Customs Administration.
- The business must control a (local) operating company in the DGGF country.
- The business must employ < 50 persons.
- Annual revenue or total assets of < €10 million.
- You must meet the RVO requirements regarding international corporate social responsibility.
Applying for a DGGF loan
Do you meet the conditions above? Then you may be eligible for a DGGF loan.
An expert from the Netherlands Enterprise Agency will contact you regarding your application.