8 March 2024

Subsidy for innovative SMEs: get started right away!

Tips
Tips

Are you a North Holland SME or startup looking for (extra) financing for a feasibility study into a technological innovation? Then you may be eligible for the SME Innovation Stimulation Top Sectors subsidy, also known as the MIT subsidy. The MIT feasibility will open on April 9 and this subsidy is 'first come first serve'. Did we already mention that as an entrepreneur you can receive up to €20,000 in subsidy for a feasibility study? You must meet the criteria. All the more reason to get started right away! 

Before you start, check these five tips and points:
  1. What social impact will your innovation have? An important question, because the MIT is specifically intended to finance projects that contribute to the missions of the top sectors policy. Think of longer healthy living, the energy transition, climate change, the circular economy, innovative digitalization, sustainable agriculture and safety. Are you unsure whether your project makes a contribution? More information about the MIT subsidy, the assessment framework and the missions can soon be found on the provincial subsidy desk. Keep a close eye on this in the coming period.

 

  1. Be aware that the MIT feasibility is intended for feasibility studies, for example a literature study, market research or small initial technological tests. The aim should be to get an idea of the opportunities and risks, additional costs, regulations and other points of interest that apply to your innovation.

 

  1. What new technology are you going to develop? The MIT is for SMEs and start-ups that want to use a new technology. There must be technological risks. Are there already other companies in the Netherlands that do the same or can you buy the technology from a supplier? Then unfortunately it is not a new technology with development risks and you are not eligible for the subsidy.

 

  1. Clearly describing what your innovation and feasibility study entails is crucial for the success of your grant application. subsidy desk of the province contains all the information you need. From mid-March you can also download the application form there. By answering the questions clearly, concretely and completely, you ensure that you provide all the information required for the assessment.

 

  1. The information meeting about MIT 2024 took place on March 21, 2024, which you can attend via this link can watch back. During this meeting, which the Province of North Holland organized together with ROM InWest, we will inform you about the scheme. The meeting is interesting for companies that want to submit an application themselves as well as for subsidy advisory agencies that do so on behalf of entrepreneurs.
Linze Rijswijk
Senior Business Developer

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