The SecFund ("Security Fund") is a fund will provide early-stage financing to Dutch startups, scale-ups and innovative SMEs that meet the innovation needs of Defense.
Innovative companies in the defense sector experience more frequent barriers to obtaining financing compared to companies in other sectors, according to European Union research. Raising venture capital poses a major challenge. Not only because the capital requirements of these companies are very high, but also because financiers are reluctant to invest in the defense industry. The SecFund should bridge this gap.
Partners include the Ministry of Defense, provinces, the Ministry of Economy, regional development agencies and industry.
This fund has fund assets of €100 million and can invest up to a maximum amount of €5 million per company.
The SecFund will focus on dual-use products. These are products that can be used both civilian and in the security sector. Such as technology that can make plants quiet. These applications make for quiet factories on the one hand and drones with less noise on the other. Another example is LiFi: a new generation of data transmission, which is faster than WiFi and can transfer more data per second. Or consider advanced radio technology.
The fund is expected to open during January 2025. From then on, interested companies can apply. Then the exact terms and conditions and the scheme will also be found on our website, as well as a submission window.
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