Mainport Innovation Fund II connects start-ups with business community and promotes innovation in heart of the economy
Mainport Innovation Fund II (MIF II) is set to be launched on 1 October 2015. Established by KLM, Schiphol Group, Delft University of Technology, Port of Amsterdam and NS Dutch Railways, MIF II is unique in its focus on innovation in the transport, logistics and aviation industries and in its close cooperation with strong partners in these sectors.
Through the close involvement of these partners the fund a platform for accelerated growth to startups. The fund focuses on innovative Dutch start-ups with international aspirations that are looking for expertise, network and capital for market entry and commercial expansion.
The Netherlands is one of the leading ‘mainports’ in the world, and its various hubs are the cornerstones of its economy. Aware that the country needs to innovate on an ongoing basis if it is to maintain its leading position, the fund’s partners commit a dedicated team, specialist expertise and their networks to the fund, in addition to capital. They will also act as ‘launching customers’ wherever possible.
MIF II Fund Manager Thijs Gitmans: “We can provide businesses with a unique platform, together with our partners. This method proved to be successful in our first Mainport Innovation Fund and demonstrated that it can help businesses get ahead in a very short period of time.”
MIF II seeks to invest in 10 to 15 businesses over the next six years and has a total of EUR 18 million in funds available for this purpose. A portion of this amount was provided through the SEED Capital scheme introduced by the Netherlands Ministry of Economic Affairs. The fund is searching for start-up businesses with solid, internationally scalable business models and managed by strong, driven teams. The fund focuses on innovation in transport, logistics and aviation, including solutions for both businesses and consumers. The scope of the fund covers issues such as sustainable infrastructure and materials, connectivity, accessibility and mobility, intermodal freight transport, energy, digitisation, ‘the Internet of Things’, security and safety, seamless travel and big data.
The founders of the fund are looking to drive innovation in the heart of the Dutch economy, which requires cooperation between industry, research and educational institutions, financial partners and the government. This cooperation is crucial in the vision and daily operations of MIF I and II.
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About Mainport Innovation Fund:
The successor to MIF I, MIF II has expanded its focus in welcoming Port of Amsterdam and NS Dutch Railways as its new partners. Both funds are managed by the team of NBI Investors. MIF I has invested in the following companies: Robin Radar, Casper, Multi Pilot Simulations, FastTrack Company, Ampyx Power, Eye on Air, MI Airline, Snocom and Undagrid. See www.mainportinnovationfund.nl and nbi-investors.nl for additional information