UNIIQ – the investment fund of the future

Clean Tech Delta originates and selects ideas, and brings them up to the project phase. We facilitate the process from concept to business case by closing the gap between an idea and a sustainable business. In order to do this, clean tech start-ups are often in need of additional capital to get their product to the market. However, it can be quite challenging to secure funding in a phase where the concept still has to be proven. UNIIQ could be the solution to this problem as they invest in, but not limited to, clean tech, safety & security and bio-medical start-ups that identify with the Technology Readiness Levels 3-5.

 Below you can find more information about the fund and its specific requirements. Is your organisation in need of capital in the proof of concept phase? Contact us!

UNIIQ

UNIIQ is an investment fund of €22 M, aiming at the proof- of- concept phase. UNIIQ supports early-stage entrepreneurs in South-Holland to accelerate their innovation and shorten their time-to-market. They offer entrepreneurs seed capital to proof their concept to the extent that follow-up investors are comfortable to invest.

Through intensive collaboration with knowledge institutions and incubators, UNIIQ can actively support entrepreneurs in their strategic development. The UNIIQ investment is meant for technical- and market validation. UNIIQ offers a transparent process with entrepreneur friendly conditions.

The UNIIQ fund is established by a consortium, consisting of: Erasmus MC, TU Delft, Leiden University and Innovation Quarter, the regional development agency. The UNIIQ team currently consists of a fund manager, four investment managers which represent the (university) partners, a business analyst, fund controller and project assistant. The joint ambition is to accelerate innovations and unlock the investment potential of South-Holland. UNIIQ is co-funded by the European Union.

 

What UNIIQ offers:

  • Up to €300.000 risk capital (convertible loan) in the proof of concept phase
  • Milestone based, provided in 3 tranches
  • Capital offered as a convertible note that:
    • Is amortized in 3 years or:
    • Converts into the shares of the next round with a discount of 25%
  • The interest rate is 8% (4% paid and 4% accrued)
  • Support with financial and strategic problems by a team of experienced investment managers
  • Access to a network of investors and financers that provide capital for the further development of the organization.

 

What UNIIQ expects:

  • The capital is used for technical and market validation of a technological innovation.
  • Funding covers at least 12 months of expenditures. At the end of the UNIIQ funding the company is at a stage where they are ready to attract follow-on investment.(or cash flow positive growth)
  • The innovation offers competitive advantages, that are the basis for sustainable growth opportunities
  • A strong and ambitious team, or clear vision on how the team should be strengthened over time.
  • The company owns all relevant intellectual property or has been granted an exclusive license of the technology
  • The organization is established in South-Holland
  • UNIIQ invests in recently started companies (no project financing). However, UNIIQ can invest in spin-offs from existing companies
  • The applicant meets the EU criteria for a small- or medium enterprise

 

For more information visit: http://uniiq.nl/