Innovation Quarter This project is made possible by a contribution from the European fund for regional development of the European Union
Capital 1
2
Index InnovationQuarter in brief
4
InnovationQuarter Capital
5
Lifecycle financing: investing in all stages
6
Investment instruments and ranges
7
IQCapital
8
UNIIQ
11
ENERGIIQ
14
Rotterdam Energy Transition Fund
17
Portfolio / IQCapital
20
Portfolio / UNIIQ
26
Portfolio / ENERGII Team and contact details
33 3
InnovationQuarter finances innovative companies in all stages of organisational maturity, helps international businesses establish in the Rotterdam The Hague metropolitan region and organises collaboration between forward-thinking entrepreneurs, knowledge institutes and government. These activities contribute to an economically strong region.
4
InnovationQuarter as an investor InnovationQuarter invests in promising companies from four different funds: IQCapital, UNIIQ, ENERGIIQ and Rotterdam Energy Transition Fund. In collaboration with partners, we build ecosystems where entrepreneurs and investors meet and innovative enterprises are provided access to
capital. Our team has many years’ experience in venture capital, private equity and leveraged finance and has access to a wide
international network of private, public and informal investors.
5
Lifecycle financing: investing in all stages
Cummulatieve cash flow
We are a proactive and engaged investor in innovative companies in the Province of Zuid-Holland, in all phases of organisational maturity, from proofof-concept to MBO-/acquisition financing
IQ / Capital
ENERGIIQ Logotype
10.08.2017
Fase
Development phases:
Research and development
Prototype / Proof-of-concept
Pilot / Demonstration
Commercialisation & Production
6
Proven & Competitive / Series A
Internationalisation / Growth / Buy & Build
Investment range
10.08.2017
10.08.2017
10.08.2017
10.08.2017
10.08.2017
7102.80.01
epytogoL QIINU
Convertible loan
Subordinated loan
Guaranteed loan
Share capital
ENERGIIQ Logotype
ENERGIIQ Logotype
ENERGIIQ Logotype
ENERGIIQ Logotype
ENERGIIQ Logotype
Vendor lease
Financing instruments
€ 300.000
€ 250.000 € 5 mln. ENERGIIQ Logotype
10.08.2017
€ 100.000
IQ / Capital
€ 1 mln.
7
€ 5 mln. € 10 mln.
IQ / Capital Companies need capital to grow. From the IQCapital fund, we make investments with a long-term focus in startups, scale-ups and mature SMEs. These companies are characterised by a driven management and a clear growth strategy. We combine societal relevance with financial returns.
8
IQ / Capital
An IQCapital investment offers: •
A professional, experienced team
•
Flexible financing instruments up to €5 million
•
An extensive network of investors to maximise co-
•
Understanding of the capital market
financing and follow-up financing
•
Organisation of sector-specific international trade missions
Close collaboration in-house in the area of international
•
Organisation of sector-specific and crossover events
•
growth and innovation •
Long-term financial support
9
IQ / Capital
IQCapital investments are made in companies working in following industries: Circular
•
In companies with a strong and committed management team
•
In companies with a solid business plan and scalable business model
•
In companies that create social impact in the region
Maritime and harbour
•
Preferably in partnership with reputable private co-investors
Aerospace
•
Always as a minority shareholder
Energy High Tech Systems & Materials Horticulture
Life Sciences & Health Cybersecurity Digital Technology 10
Proof-of-concept fund UNIIQ helps entrepreneurs in the Rotterdam The Hague metropolitan region reduce the time to market for their unique innovation. UNIIQ offers academic spin-offs, startups and existing SMEs that develop disruptive innovations the seed capital to realise their plans and bridge the riskiest phase from concept to promising business. The UNIIQ fund was established by Erasmus MC, TU Delft, Leiden University and InnovationQuarter and is made possible by the European Union, the Province of Zuid-Holland and the municipalities of Rotterdam, The Hague and Leiden.
11
A UNIIQ investment offers: •
Up to €300,000 in venture capital in the proof-of-
•
An interest rate of 8% (4% payable and 4% accrued)
concept phase
•
Support with financial and strategic issues from an
•
Made available in 3 stages on attaining specific goals
•
Financing in the form of a convertible loan which can: •
either be repaid after 3 years for a period of 3 years
•
or be converted on the valuation of a follow-up
experienced team •
A network of investors and financiers for potential followup financing
investor, minus 25% 12
UNIIQ investments Are made in companies if: •
The invested capital is used for the technological and
•
market validation of an innovation
The company holds the relevant intellectual property rights
•
There is a strong and ambitious team
•
The company is located in the Province of Zuid-Holland
•
A period of at least 12 months is financed, after which
•
The initiators themselves take an entrepreneurial risk
•
it is feasible to attract follow-up funding (or cash-flow
(no project financing) or if it concerns innovations that
positive growth)
will be spun off from existing companies
The innovation offers unique competitive advantages
•
that form the basis for sustainable growth opportunities
The applicant falls within the scope of the EU criteria for SMEs
13
ENERGIIQ Logotype
10.08.2017
Entrepreneurs play a key role in the transition to clean, sustainable energy. ENERGIIQ, the energy innovation fund of the Province of Zuid-Holland, offers a wide range of financing instruments with which we create the right conditions to maximise growth opportunities for innovative enterprises.
ENERGIIQ is owned by the Province of Zuid-Holland. 14
ENERGIIQ Logotype
10.08.2017
An ENERGIIQ investment offers: •
A maximum of €5 mln. in risk-bearing capital
•
Tailor-made instruments and conditions
•
Access to an extensive network of reputable co-investors and knowledge partners
•
A proactive financial partner with extensive investment experience
•
Professional, institutionalised decision-making
15
ENERGIIQ Logotype
10.08.2017
ENERGIIQ investments Are made in companies if: •
The capital will be used for the commercialisation of proven energy innovations
•
50% of total investment needs are covered by reputable, private co-investors
•
There is a convincing and detailed business plan and strong management
•
The enterprise holds the relevant intellectual property rights
•
The envisaged, substantiated CO2 reduction has an impact in the Province of Zuid-Holland or the company is located in the Province of Zuid-Holland
16
The Rotterdam Energy Transition Fund is an investment fund established by the City of Rotterdam with the ambition of being fully CO2 neutral and circular by 2050. The fund finances capital-intensive companies and projects that focus on clean energy, alternative fuels, waste minimisation and reducing the use of primary raw materials.
Rotterdam Energy Transition Fund is owned by Gemeente Rotterdam
17
The characteristics of the fund are: •
A €100m revolving fund managed by InnovationQuarter
•
Provides capital-intensive scale-up investments for energy transition and circular economy in the broader sense
•
Investments of €1m-10m per company or project
•
Co-financing alongside private investors/financiers in line with market conditions
•
A variety of instruments are possible: subordinated loans, loan capital, guarantees and shares
18
The criteria that companies or projects must meet to be Are made in companies if: •
The activities are consistent with the fund’s strategy in the area of energy transition and circular economy
•
The activities have an impact in the Rotterdam area
•
The company is in a scaling phase (may also involve capital-intensive new technologies and pilot plants)
•
The business or project plan must be based on a positive business case
•
The activities should not be contrary to the policy of the City of Rotterdam
19
Portfolio / IQCapital
Solar Monkey
Ncardia is a supplier of human assay systems based on self-grown heart muscle cells from human stem cells.
11/2014
Barge Master is a leading company in the field of motion compensation systems for the offshore industry.
5/2015
Fibercore is a leading specialist in bridges, lock gates and other heavily loaded constructions made of fiber-reinforced plastic (composite).
6/2015
Munisense is market leader in online and real-time monitoring of environmental parameters, such as noise, water and indoor climate.
9/2015
Milgro is an independent solution provider in the field of waste and raw materials management based on the principles of circular economy.
12/2015
Onegini offers companies a software solution for sharing sensitive information via smartphone apps.
11/2015
RRC builds service robots which autonomously perform tasks and anticipate circumstances in the care and security sectors
1/2016
Solar Monkey offers solar panel installers the best software to design a system and calculate the energy output accurately and subsequently guarantee this output to its customers
1/2016
20
Portfolio / IQCapital Airborne develops and manufactures composite solutions in the aerospace, defence and maritime industries.
2/2016
Toxys specialises in a new generation of innovative toxicity screening.
3/2016
RiskID provides risk management software.
3/2016
Tradecloud is an online platform that allows manufacturing companies and technical wholesalers to integrate their purchasing and sales processes with customers and suppliers.
7/2016
Xinaps develops smart tools for BIM applications like Revit, which simplify 8/2016 and optimise the design process for architects. Parkbee makes business car parks accessible to the wider public and thus provides affordable, convenient parking at prime locations.
10/2016
MOCS provides engineering and consultancy services to the maritime, offshore and civil industry and introduces new products
3/2017
Cybersprint enables firms to secure their online reputation by identifying companies’ websites and apps with the aim of preventing hacking and phishing.
4/2017
21
Portfolio / IQCapital Oxy-low specialises in alternative, biological pest-control methods and quality preservation of food and non-food commodities by means of low oxygen treatment.
5/2017
IRM systems provides specialist services and engineering for the entire lifecycle of onshore and offshore pipeline systems
6/2017
VarmX is developing a new therapeutic protein to stop acute bleeding in patients, such as those with thrombosis, who use factor Xa inhibitors (oral anticoagulants).
6/2017
Quantib develops software that makes analysing MRI images faster, more 11/2017 efficient and cheaper. The software also enables new forms of analysis.
TILEDMEDIA
McNetiq markets the patented and award-winning Controlock technology. This magnetic application is the safest, most cost-efficient, durable and flexible temporary steel connection available without the use of welding.
2/2018
Tiledmedia, a spin-off of TNO, delivers a significant increase in the quality of virtual reality services and a reduction in the bandwidth required for streaming VR content.
3/2018
MIMETAS B.V. provides organ-on-a-chip technology through which human tissues are replicated in physiologically relevant models. The predictive value of this technology is far greater than that of existing methods..
4/2018
IMSystems introduces the Archimedes Drive, a new technology standard for gearboxes with the potential to revolutionize the robotics industry.
6/2018
22
Portfolio / IQCapital IMSystems is introducing Archimedes Drive, a new technology standard for speed reducers with the potential to revolutionise the robotics industry.
6/2018
Momo Medical produces a smart patient monitor system to help prevent 10/2018 decubitus. The system measures the movement of the patient and informs the nurse on appropriate interventions. Dawn Aerospace develops a reusable vehicle for orbital access
2/2019
LeQuest aims to improve the quality of care by empowering healthcare 2/2019 professionals to use medical technology with confidence and competence. The service solution trains and certifies healthcare professionals for the use of medical technology through customized, online e-trainings. Delft Advanced Biofuels develops revolutionary bioreactor for fermentation. The in-situ product separation during the fermentation process is highly efficient.
4/2019
Doculayer offers enterprises a software solution that processes and manages unstructured information and uncovers its hidden value, using AI-powered technologies.
5/2019
ORTEC is one of the largest B2B suppliers of mathematical optimisationsoftware and analytical solutions in the world. ORTEC Health provides clinical decision support and integrated capacity-management.
6/2019
NewCompliance uses real-time data at hospitals for process optimization 9/2019 around operations. This improves patient safety and efficiency while reducing the risk of infection and operating costs. Equalture provides SaaS recruitment solutions to fast-growing companies, which provide objective predictions about the success of candidates in order to create the right team. 23
2/2020
Portfolio / IQCapital Edumundo as an international educational publisher of the future, Edumundo exploits innovative digital learning resources in vocational education with the aim of increasing study success and promoting the engagement of both students and teachers.
2/2020
NewCompliance develops dashboards (hardware & software) in / around operating theaters of hospitals to improve efficiency and safety
7/2019
PieterPot is a Rotterdam start-up that strives for (plastic) packagingfree groceries in the food chain. They do this as an online supermarket by offering food in refillable jars. Empty pots are collected again, cleaned and reused.
11/2020
Manometric has developed a much faster and more accurate way of measuring hand and wrist braces. Shypple connects all stakeholders (shippers, suppliers and agents) to manage large volumes of shipments and make data-driven decisions to optimize their supply chain operations. Cevinio offers super-smart Invoice-to-Pay software solutions to large companies and a worry-free financial backbone that ensures productivity and compliance.
24
Portfolio / IQCapital fund-in-fund shareholdings
Dutch FORWARD.one Security TechFund
BioGeneration Capital Fund III is the third fund of BioGeneration Ventures. The fund focuses on companies in the life sciences and health sector.
7/2016
Rotterdam Port Fund aims for a portfolio of 10 to 15 companies. The fund invests in port-related businesses with a focus on companies in the Netherlands and Belgium.
11/2016
HPE Growth Capital invests in firms with scalable technology in the growth phase. HPE invests in tech companies focused on high-tech hardware, new materials and software and internet
3/2017
Connected Capital invests in innovative, fast-growing companies that operate in markets being disrupted by far-reaching digitalisation and which are led by exceptional management teams
3/2018
FORWARD.one is a venture capital firm designed to address the unique needs of early-stage startups at the intersection of hardware and software.
5/2019
Dutch Security Techfund invests in early stage companies and scale 6/2019 ups, active in Cybersecurity and IoT Security solutions in close cooperation with the Hague Security Delta and business partner KPN Ventures. BioGeneration Capital Fund IV is the fourth fund of BioGeneration Ventures. The fund focuses on companies in the life sciences & health sector.
25
1/2020
Exits / IQCapital Authasas develops software to deliver strong authentication with a focus 2015 on security, usability and manageability. IQMessenger has developed a message and alerting hub for healthcare applications.
26
2017
Portfolio / UNIIQ Wolk Company is the inventor of WOLK, an airbag belt to prevent hip fractures.
7/2016
Sense Glove ensures the most natural interaction in VR and AR. Sense Glove allows users to touch, feel and manipulate a virtual object as if it were real.
8/2016
VarmX is developing a new therapeutic protein to stop acute bleeding in 8/2016 patients, such as those with thrombosis, who use factor Xa inhibitors (oral anticoagulants).. SemioticLabs predicts when and why electric motors and rotating equipment will fail. Semiotic Labs’ customers use the solutions to schedule maintenance before breakdowns occur.
12/2016
Andrupos is developing a system that allows the authenticity of value documents to be verified by tracing them back to their source (printer).
12/2016
Hardt Global Mobility is committed to the concept of a ‘global village’ and is developing a new transport system that is as fast as an airplane and as easy as the train, for a fraction of the cost.
12/2016
Fibriant focuses on the development and production of recombinant 12/2016 fibrinogen, a protein found in blood which plays an important role in blood clotting, tissue repair and enhancing natural defences against infections. LongBloom has developed a patented process to preserve flowers in a cleaner and long-lasting way (for at least 6 months)
27
5/2017
Portfolio / UNIIQ Condi Food develops non-destructive inspection technologies for food based on hyperspectral imaging.
5/2017
Sensius is working on new cancer treatments based on thermotherapy to improve treatment options for patients with head and neck cancer
6/2017
Mayht develops revolutionary speaker technology that allows loudspeakers to be produced far more compactly, powerfully and costeffectively than conventional speakers.
6/2017
VIBES.technology bridges the gap between simulation and measuring of sound and vibration in high-tech engineering environments in order to identify and eliminate unwanted vibration early in the design process.
7/2017
Hercules is working on a drug that will enable the body to reduce the growth and spread of various forms of cancer more effectively.
8/2017
Amylon Therapeutics is developing a drug candidate targeting Katwijk’s Disease, formally called Hereditary Cerebral Hemorrhage with Amyloidosis, Dutch Type (HCHWA-D).
9/2017
IMSystems is introducing Archimedes Drive, a new technology standard for speed reducers with the potential to revolutionise the robotics industry.
1/2018
LeydenJar Technologies B.V. is developing a new anode material to significantly increase the energy density of Li-on batteries (up to 50%).
2/2018
Numeric Biotech is developing a medicine to kill senescent cells in the human body. These cells have been linked to a large number of agerelated diseases and various forms of cancer.
4/2018
28
For more details about the UNIIQ portfolio, see www.uniiq.nl
Portfolio / UNIIQ Concord is developing a mobile birth trolley to provide care for premature 1/2018 babies, that allows the umbilical cord to remain intact. This reduces complications and increases survival. Oceans of Energy develops and delivers floating systems that generate clean energy at offshore locations.
6/2018
Manometric develops a complete workflow, including a 3D-scanner, to produce perfectly fitting 3D printed hand-wrist braces. This brings personalized braces within reach for all arthritis patients.
7/2018
Clockworks develops deep learning image recognition software to accurately read gas, water, and electricity meters from a picture taken with a mobile phone.
10/2018
Qlayers develops hard- and software to coat industrial surfaces fully automated, making the coating more homogeneous and the coating process more efficient, safer, and more sustainable.
11/2018
MyLife Technologies develops patches consisting of nanoporous microneedles allowing medication to be administered in a painless and easy manner.
12/2018
Tracefy is developing a track-and-trace solution for e-bikes to provide fleetowners, bike brands, and consumers with valuable insights.
12/2018
SeraNovo is developing a method to improve the oral bioavailability for poorly soluble drug molecules.
12/2018
Gearbox is developing a grading robot that combines vision technology with AI to evaluate the quality of passing fruit and vegetables, and to automatically sort them accordingly.
12/2018
29
For more details about the UNIIQ portfolio, see www.uniiq.nl
Portfolio / UNIIQ CaptainAI develops software to safely navigate autonomously.
7/2019
Focus develops an algorithm to rank patents based on their technological importance.
7/2019
CAPTAIN AI
Addoptics is developing a method to produce prototypes and small series 7/2019 of optical components more quickly. PATS automates insect control for (glass) horticulture.
9/2019
Rocsys is developing a robotic arm that is able to automatically plug the plug of a charging cable into the socket of an electric vehicle.
9/2019
Tetrahedron develops an innovative crane that can make existing installation vessels suitable for installing the next generations of wind turbines at sea.
12/2019
SmartShip processes haptic feedback in ship controls. This makes the steering of ships more intuitive, safer and more sustainable.
12/2019
30
For more details about the UNIIQ portfolio, see www.uniiq.nl
Portfolio / UNIIQ Buddy Payment is developing an app that allows people with (risk of) debts to gain insight into and control over their finances.
11/2019
Tiler focuses on wireless charging of e-bikes by means of special compatible bicycle stands and charging tiles. They primarily focus on corporate fleets.
12/2019
Delta Diagnostics is developing a device that determines whether certain molecules bind to pre-applied antibodies. This makes it possible to determine whether biomarkers can be found in certain fluids (for example blood) that provide indications for a particular clinical picture.
12/2019
QBlox develops the Pulsar module, measuring and control equipment for controlling quantum bits, or qubits. The Pulsar module is a scalable and high-quality control system for controlling hundreds and in time thousands of qubits simultaneously. In this way, the company contributes to making the quantum computer scalable.
4/2020
BI / OND makes microchips on which cell tissues are developed that are supplied with oxygen and nutrients, so-called organ-on chips.
7/2020
Kaminari Medical is a technology developer for a new way of intracoronary imaging.
10/2020
BIMINI Biotech develops new drugs against cancer that inhibit the cell growth of cancer cells.
11/2020
DeNoize has developed a noise reduction technology that produces a vibration that is exactly opposite to the incoming sound.
12/2020
For more details about the UNIIQ portfolio, see www.uniiq.nl
31
Portfolio / ENERGIIQ EXASUN is a Dutch developer and producer of high quality solar panels for building-integrated applications.
5/2018
SET Fund III invests in European companies with scalable solutions that contribute to the transition of energy demand, supply and distribution.
12/2018
We4Sea is developing a Platform-as-a-Service for modeling ‘digital twins’ of ships. This allows shipping to monitor and optimize fuel consumption of ships inexpensively and effectively.
1/2019
Involtum offers a switching and payment platform for electric charging points and IOT devices. They are the market leader in power supplies for motorhomes, shipping and trucks.
9/2019
HeatTransfomers is an installer and advisor of (hybrid) heat pumps, specializing in existing buildings.
5/2020
Gradyent is a developer of an artificial intelligence platform (AI), combined with thermo-physical models for the optimization of heat networks.
6/2020
Mapiq is a developer of software and hardware for the smart office market, with the aim of making offices more efficient and user-friendly.
2/2020
Plotwise simplifies the core operation in last mile delivery for e-tailers and traditional parcel deliverers through a dynamic planning API.
9/2020
32
Please feel free to contact us Team IQCapital
Liduina Hammer
Maurice Bakker
Frederike Boonstra
Angela Pellaupessy
Management Assistent IQCapital +31 88 4747 255
Sr. Investment Manager IQCapital +31 6 248 64 107
Gerty Holla
Céline van der Ven
Pim Jansen
Johan Stins
Annemieke Kruijt
Fleur Rooker
Head of Investing +31 6 289 78 794
Sr. Investment Manager IQCapital +31 6 520 06 348
Damien van der Bijl
Sr. Investment Manager IQCapital +31 6 241 30 157
Fundmanager IQCapital +31 6 539 77 622
Sr. Investment Manager IQCapital +31 6 26 972 173
Sr. Investment Manager MKB IQCapital +31 6 225 44 570
Hannes Sibbel
Business Analist IQCapital +31 6 546 84 756
Investment Manager IQCapital +31 6 573 92 401
33
Sr. Investment Manager IQCapital +31 6 337 90 979
Business Analist IQCapital +31 6 110 18 686
Please feel free to contact us Team IQCapital
Thomas Borchers Sr. Business Analist IQCapital +31 6 309 15 526
Martijn de Blaey
Jareth van der Putten
Investment Manager IQCapital +31 6 525 48 603
Investment Manager IQCapital +31 6 241 79 591
34
Kees Recourt
Sr. Investment Manager IQCapital +31 6 223 86 513
Please feel free to contact us Team UNIIQ
Hans Dreijklufft
Jennifer Wassenaar
Suzanne Kroeze
Ludolf Stavenga
Thijs van den Munckhof
Robert Freeth
Fondsmanager UNIIQ +31 6 122 24 842
Investment Manager UNIIQ +31 6 535 98 266
Management Assistent UNIIQ +31 6 180 96 482
Investment Manager UNIIQ +31 6 558 17 430
Business Analyst UNIIQ +31 6 534 88 791
Investment Manager UNIIQ +31 6 183 46 040
35
Duko Drijfhout
Sr. Investment Manager UNIIQ +31 6 387 79 574
Please feel free to contact us Team ENERGIIQ & EnergytransitionfundRotterdam
Rafael Koene
Fundmanager ENERGIIQ & Rotterdam Energy Transition Fund +31 6 460 82 036
Ralph Drooge
Sr. Investment Manager Rotterdam Energy Transition Fund +31 6 11 54 444
Jasper Geselschap Sr. Investment Manager
Jesse In ‘t Velt
ENERGIIQ +31 6 513 87 291
Investment Manager ENERGIIQ +31 6 526 33 306
Jochem de Regt
Quentin van Driel
Senior Investment Manager Rotterdam Energy Transition Fund +31 6 216 874 30
36
Business Analist Rotterdam Energy Transition Fund +31 6 180 27 897
Mathijs de Rijk
Investment Manager ENERGIIQ +31 6 146 67 001
Anne van der Sluijs
Management Assistent Rotterdam Energy Transition Fund +31 6 825 83 555
Colofon @InnovationQuarter / IQ02-2021
www.innovationquarter.nl/en/ UNIIQ.nl ENERGIIQ.nl
37
38
investeren innoveren in Zuid-Holland
39