ASML, Philips and several other parties are launching DeepTechXL, a private investment fund. In addition to funding, tech start-ups will have access to the expertise of the Brainport Eindhoven, a high-tech business park in The Netherlands. The fund starts at 100 million euros.
As its name indicates, DeepTechXL wants to invest in tech startups involved in complex technology. Think of photonics and artificial intelligence.
Eligible companies can initially expect an investment of up to €15 million. An investment horizon of ten to twelve years is maintained.
Access to Brainport
Besides cash, the selected tech startups will receive guidance from tech companies operating at the High Tech Campus in Eindhoven, the Netherlands. This involves access to the companies’ networks, technology and licences. The participating tech companies help startups acquire their first customers, tap new markets and scale production.
Complementary to Invest-NL
DeepTechXL complements Invest-NL, a recently established government investment fund. This fund has €250 million at its disposal. In contrast to DeepTechXL, Invest-NL only provides tech startups with capital.
DeepTechXL has some private ties. The Rijksdienst voor Ondernemend Nederland (Netherlands Enterprise Agency) provided DeepTechXL with a loan of €9 million. This amount is intended for so-called seed investments, which help startups take their first steps with funding up to €1 million.
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