ROM InWest invests from an early stage in innovative entrepreneurs who contribute to the acceleration of transitions and the strengthening of the future earning capacity of the region – especially when the market is still cautious.
ROM InWest does this through three funds: the SME Fund, the Transition Fund and – since 2024 – the PDENH Fund. The SME Fund (€60.7 million) focuses on growing SME companies that focus on digitalization and broad innovation. The Transition Fund, with a target capital of €100 million, supports entrepreneurs who contribute to major social transitions such as the energy transition, food transition and circular economy. The investment budget for these funds varies per year and is determined based on the quality and timing of the investment opportunities.
Since 2024, ROM InWest also manages the PDENH Fund – a closed fund of the Province of North Holland that focuses on impactful innovations within the energy transition, circular economy and sustainable mobility.
Isabel van Nesselrooij, fund manager Transition Fund at ROM InWest, emphasizes the value of project financing. “Patient capital is crucial to get projects past the operational phase. Once you are there, you have a better chance of financing from the private market.”
With a target capital of over €60 million, this fund invests in growing SMEs that contribute to a stronger North Holland economy through digitalisation and innovation.
This €100 million fund supports entrepreneurs who accelerate the energy transition, circular economy and a more sustainable food system with their innovations.
A closed-end fund of the province of North Holland that has invested more than €70 million since 2014 in companies that drive the energy transition, circular economy and sustainable mobility.
ROM InWest invests in innovative entrepreneurs who are working on solutions with a potentially major social impact. These are often complex innovations that not only require a long-term approach, but are also risky. That is why the market is often still hesitant in this phase. ROM InWest steps in at that point – with public money via revolving funds. This means that the invested capital flows back in the long term and can be used again. In this way, we will continue to support innovative entrepreneurs in the future. Our fund objectives focus on:
We invest where the market is cautious and where there is market, transition or system failure.
We offer tailor-made financing for innovative entrepreneurs, from the moment the prototype has been tested and its effectiveness has been demonstrated.
We always take a minority share (max. 49.9%) and ask for a minimum of 25% private co-financing. In this way, we stimulate market parties to get involved earlier. We work together with partners such as incubators, accelerators, venture capitalists and other financial institutions.
We build a solid portfolio by focusing on diversification in sectors, risk, impact and life phases of companies. This diversity is essential for a healthy balance.
Early stage investments involve a lot of risk. On average, 6 to 7 out of 10 fail. One successful investment often has to compensate for all losses. That is why we use a long term of 10 to 15 years.
ROM InWest invests in innovative entrepreneurs who are working on solutions with a potentially major social impact. These are often complex innovations that not only require a long-term approach, but are also risky. That is why the market is often still hesitant in this phase. ROM InWest steps in at that point – with public money via revolving funds. This means that the invested capital flows back in the long term and can be used again. In this way, we will continue to support innovative entrepreneurs in the future. Our fund objectives focus on:
Upon receipt of the application, we assess whether it fits within the scope and conditions of the fund.
The project plan and budget are shared, in-depth discussions take place after which the entrepreneur presents the plan to the investment team.
In case of a positive assessment, the investment team will draw up a proposal for the independent Investment Committee. This independent advisory committee will advise the board, which will take the final decision.
In the event of a positive decision, an external due diligence will follow with legal review, KYC research and technical validation by third parties.
If the external due diligence has a positive outcome, a financing agreement will be drawn up together with the entrepreneur and other financiers, including the chosen form of financing (loan or participation).
After agreement on the financing agreement, the management makes the final decision and the financing is provided.
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