A06. Innovatiefonds Noord-Holland - Lessons about building and financing Proof-Of-Concept projects.

At the INH roundtable we will have an open discussion about the Proof-Of-Concept stage. This is the phase after Proof-Of-Principle. Meaning there is a business plan in place with underlying assumptions that are validated to a certain extent. Perhaps in the lab or through desk research. Now it is time to make it tangible and validate those assumptions in a relevant environment.

This step is always hard for starting businesses. There are almost no investors who dare to invest at such an early stage. At our fund we require businesses to NOT have paying customers yet. Woooow wait huh? Yes that's right, we want to help you build a tangible (prototype) so that you can attract your first customers or secure follow up financing.

In order to get a feel for what Proof-Of-Concept really means, we will talk shortly about the purpose of our fund, the instrument we have to offer and the deals we have done so far. Also our sweet spot will be discussed and the role we are likely to take on.

Furthermore, we will talk

23-09-2019 21:35 - 22:05