Nascent Ventures selects high potential technologies derived from (nano-)physics research at universities and research institutes in the Netherlands. The Fund has received support letters from most of the relevant institutes and universities, including:
- FOM (Stichting Fundamenteel Onderzoek der Materie, including its research institutes Nikhef, Amolf and Differ).
- SRON (Netherlands Institute for Space Research)
- ECN (Energy research Centre of the Netherlands)
- Technical University of Eindhoven
- University of Twente
- University of Utrecht
- University of Groningen
- University of Leiden
The Fund will screen and select technologies from based on a proprietary due diligence process on various aspects of the technology, including: uniqueness, performance, application space, research, team and fundability.
Once a technology has been selected the Fund will proceed in four steps:
- Founding the Startup
- Providing Convertible Loan
- Managing and Building the Startup
- Equity round
After a positive investment decision a new startup company will be established by issuing founder shares to the founding partners, including the Fund. After establishment, the Fund will provide a convertible loan up to euro 250k to fund the startup during the “exploration phase”. Complementary and non-dilutive funding will be attracted from public sources.
The startup has successfully completed the exploration phase when it has developed a compelling investment proposition to VC investors comprised of:
- Proven technology (TRL 6-7)
- Attractive business plan
- Strong management team.
The Fund invites external investors to lead a seed round in which the Fund can co-invest. The convertible loan will be converted as part of this seed round.
Feel free to contact us for more information or if you have a specific question.