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Luuk Hendriks and Jeffrey van Nuland of the Mergers & Acquisitions team of Boels Zanders assisted LIOF in the incorporation of Limburg Startup Capital Fund. The new fund is the successor of the successful Limburg Business Development Fund (LBDF) and is co-founded by the Ministry of Economic Affairs and Climate, the Province of Limburg and LIOF. The fund has a total size of € 32.65 million and will start on 1 April.

About Limburg Startup Capital Fund

The Limburg Startup Capital Fund (LSCF) has two instruments:

  • the Limburg Early Phase Fund is intended for innovations – of which the feasibility has been demonstrated – in the initial phase of development, and
  • the Seed Fund Limburg is intended to enable further development and growth of the innovation.

About LIOF

LIOF is the regional development agency for Limburg and supports innovative entrepreneurs with advice, network and financing. LIOF is there for every startup, scale-up and SME with an innovative idea, a business plan or a financing request and for (foreign) entrepreneurs who want to establish themselves in Limburg. In addition, LIOF helps with cross-border cooperation and international business.

For more information about this, click here.

 

April 2022