The Limburg Startup Capital Fund (LSCF) is intended for startups and SMEs whose innovation contributes to the most important social transitions for the coming years: energy, circularity, health and digitization. The new fund totaling €32.65 million is the successor to the successful Limburg Business Development Fund (LBDF). The funding is being raised by the Ministry of Economic Affairs and Climate Change, the Province of Limburg and LIOF, which will also be responsible for implementation. It is possible to submit an application from Friday, April 1.
The Limburg Startup Capital Fund (LSCF) has two sub-instruments:
- the Limburg Early Stage Fund (LVFF): the LVFF finances the development of a feasible idea into a fully-fledged business concept, including a business plan ('proof of concept'):
- the Seed Fund Limburg (SFL): this fund is used to finance the development of a business plan and a business plan.
- the Seed Fonds Limburg (SFL): this fund is intended to make the first steps on the market possible or to increase the value as a result of which the company becomes financeable for a commercial investor.