It all starts with a promising idea, the proper skills and the right ambition but you are missing the money to get your startup off the ground. Starterslift Investments can help you with the funding part. This will happen through a loan which you will pay off during a certain period. We would like to tell you a little bit more about the possibilities.
The way of work of our funding
The Starterslift Investments pre-seed loans are specifically meant for knowledge-intensive startups. When you apply to get an investment for you startup, there are some things you should take into account. We made a list of all these features.
- The maximum loan amount is € 50.000.
- The minimum loan amount is € 5.000.
- The loan is provided to your company. You as innovative entrepreneurs are partly responsible.
- The payment will take place immediately after allocation by our investment committee. Sometimes a part is paid out first and the rest follows after achieving one or two milestones.
When Starterslift Investments starts financing your business, the fund can only be used for initial and startup -costs, licensing intellectual property and prototype development. The research into commercial and/or technical viability, rent for enterprise accommodation and external guidance and support can financed with this funding.
Duration
The duration is the period in which the loan is secured. The duration differs per fund. This means the duration is different for every startup. It is intended to pay back the full amount of money we invested in your startup. We work with two different durations. We would like to tell you a bit more about this subject.
Loans until € 10.000,-
Loans up to and including € 10.000,- have a total duration of three years. The first two years of the investment in your startup are redemption free. During the third year, you will repay the loan in twelve equal months. You can redeem your fund penalty free during the whole duration of the loan. However, these amounts of money cannot longer be used for your startup.
Loans from € 10.000,-
Loans starting from € 10.000,- have a total duration of four years. The first two years are, just like the first loan, redemption free. The third and fourth year you will pay off your loan in 24 equal monthly instalments. You can always redeem the loan without penalty, but the redeemed amount cannot be put in the startup again.
Interest
The interest rate of Starterslift Investments is 7%. This rate will be the same during the whole period we invest in your startup. The interest rate will be calculated for the entire period. This means you will pay the interest once a year during your grace period. When you start to repay the fund, the interest will be settled in the monthly instalments.
Get in touch
Often times, the funding from the Starterslift Investment fund is only the first piece in the puzzle of the total financial requirements of your startup. Your Braventure business developer will help you explore options for future funding. Are you interested in hearing about the possibilities to get an investment for your startup? Get in touch with a business developer via the button below.
About Starterslift Investments
Starterslift Investments is the pre-seed fund for startups of Tilburg University, Avans University of Applied Sciences, Breda University of Applied Sciences and for startups in the province Noord-Brabant. Loan applications and correspondence with Starterslift Investments always occur through the business developer at your knowledge institution or regional development agency Midpoint Brabant or Rewin.
The Starterslift Investments fund is made possible in part by the Ministery of Economic Affairs and Climate Policy, the Province Noord-Brabant, Township Breda and Township Tilburg.
Starterslift investments B.V.
Warandelaan 2
5037 AB Tilburg