A new venture capital fund, Future Tech Ventures (FTV), was officially launched during the Startup Festival in Groningen. Aimed at fostering innovation and supporting early-stage, high-tech startups, FTV will provide crucial funding and business support for entrepreneurs across the Northern Netherlands. The €20 million proof-of-concept fund marks a significant milestone for the region's startup ecosystem and has been formed through a strategic collaboration between key regional partners: Triade, RUG Ventures, NV NOM, and Investeringsfonds Groningen.

A Collaborative Effort

FTV is the result of years of collaboration among regional organizations committed to advancing the tech landscape of the Northern Netherlands. Edward van der Meer, Director of Triade, emphasized the importance of this joint effort. “Future Tech Ventures is the product of long-term cooperation between Triade (UMCG), RUG Ventures, NV NOM, and Investeringsfonds Groningen. By working together, we can strengthen support for startups and help establish the region as a key player in high-tech innovation.”

The fund has been financed through a combination of regional contributions and European backing, with €10 million provided by the European Union’s Just Transition Fund (JTF). The remainder comes from the fund’s founding partners, enabling a strong financial foundation to guide startups through their early stages.

Targeting Early-Stage Startups

FTV is focused on startups in the proof-of-concept phase, where obtaining financial backing can be difficult due to high risks. Fund Manager Niek Huizenga explained the fund’s dual approach of offering capital alongside strategic support. “Startups at this stage often struggle to secure financing because of uncertainties around technology, market fit, and team development. Future Tech Ventures not only provides the necessary funding but also offers business support to help these startups become investable.”

FTV will aim to invest in up to 50 high-tech startups over the next five years, ensuring these companies have the tools and resources needed to scale and succeed. The fund also provides access to an extensive network of industry professionals, helping startups connect with potential partners and investors.

Strengthening Regional Innovation

The launch of FTV is set to reinforce the growing tech ecosystem in the Northern Netherlands. By nurturing local talent and providing comprehensive business support, the fund aims to bolster the region’s position as a hub for innovation. “The Northern Netherlands has a tremendous opportunity to grow its tech sector,” said Huizenga. “By supporting early-stage companies, we can stimulate regional economic development and create long-term societal impact.”

FTV has already initiated conversations with several startups, and the first set of investments is expected to be announced soon. In addition to initial funding, the fund will offer follow-up investment opportunities and help startups prepare for eventual exits, ensuring sustained growth.

A Vision for the Future

With its €20 million fund, FTV is set to play a crucial role in shaping the future of Northern Netherlands’ startup scene. The support provided to startups will not only drive innovation but also help create lasting economic and social benefits. As Huizenga concluded, “We’re excited about the impact Future Tech Ventures will have on the region, and we’re eager to see the startups we support succeed on both a local and global stage.”

The launch of Future Tech Ventures marks a significant step forward for the startup ecosystem in Northern Netherlands. With substantial financial backing and a commitment to nurturing high-tech innovation, FTV will provide invaluable resources and opportunities for early-stage companies. Over the next five years, the fund aims to support 50 startups, driving both economic growth and societal impact across the region.