Proof-of-concept funding (Vroegefasefinanciering)

Vroegefasefinanciering (VKK) is a Dutch proof-of-concept loan program offering €50,000 to €350,000 to small businesses and entrepreneurs testing if their innovations are market-ready. Unlike Innovation Credit, VKK can cover up to 100% of project costs but requires repayment at 4.55% interest if the project succeeds.

Vroegefasefinanciering (VKK) is another of Netherlands’ loan grants for startups.

Unlike the Innovation Credit (IK), VKK is for smaller businesses and entrepreneurs that need funding to assess whether their idea is market-ready.

Unlike IK, the loan can cover up to 100% of the projects though. The size of the loan ranges anywhere from €50,000 to €350,000.

Note you must repay the loan if the project is successful at an interest rate of 4.55% (as of 2021).