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Innovation Quarter This project is made possible by a contribution from the European fund for regional development of the European Union

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Inhoud InnovationQuarter in brief

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InnovationQuarter Capital

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Lifecycle financing: investing in all stages

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Investment instruments and ranges

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IQCapital

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UNIIQ

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ENERGIIQ

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Portfolio / IQCapital

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Portfolio / UNIIQ

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Portfolio / ENERGIIQ

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Team

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Team and contact details

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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.

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InnovationQuarter as an investor InnovationQuarter invests in promising companies from three different funds: IQCapital, UNIIQ and

ENERGIIQ. 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.

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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

Development phases:

Research and development

Prototype / Proof-of-concept

Pilot / Demonstration

Commercialisation & Production

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Fase

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Proven & Competitive / Series A

Internationalisation / Growth / Buy & Build


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epytogoL QIINU

Share capital

Guaranteed loan

Subordinated loan

Convertible loan

7102.80.01

€ 300.000 Vendor lease

ENERGIIQ Logotype

ENERGIIQ Logotype

ENERGIIQ Logotype

ENERGIIQ Logotype

ENERGIIQ Logotype

IQ / Capital

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€ 4,3 mln. € 250.000

€ 5 mln. € 100.000 10.08.2017 ENERGIIQ Logotype

Investment range Financing instruments


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.

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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

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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 ICT 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.

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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

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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 €4,300,000 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

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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

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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

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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

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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

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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

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Portfolio / IQCapital fund-in-fund shareholdings

FORWARD.one

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.

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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.

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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)

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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

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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

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For more details about the UNIIQ portfolio, see www.uniiq.nl


Portfolio / ENERGIIQ INNECS

Innecs Power Systems offers industrial and other clients solutions for 4/2018 efficient energy conversion. These solutions increase energy efficiency and reduce CO2 emissions. EXASUN is a Dutch developer and manufacturer of high-quality solar panels for building-integrated applications.

5/2018

SET Fund III invests in European ventures with scalable solutions that are contributing to the transition of demand, supply and distribution in energy.

12/2018

Platform-as-a-Service provider We4Sea develops ‘digital twins’ of ships in 1/2019 order to monitor and optimize fuel consumption of a ship or fleet.

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Please feel free to contact us

Francis Quint

Head of InnovationQuarter Capital +31 6 289 78 794

Patricia van der Maas

Gerty Holla

Management Assistant IQCapital +31 6 122 28 869

Sr. Investment Manager IQCapital +31 6 520 06 348

Martien Kuunders

Johan Stins

Damien van der Bijl

Sr. Investment Manager, IQCapital +31 6 337 90 979

Investment Manager IQCapital +31 6 241 30 157

Pim Jansen

Thijs Schaap

Hannes Sibbel

Sr. Investment Manager IQCapital +31 6 122 29 438

Sr. Investment Manager MKB IQCapital +31 6 225 44 570

Business Analist IQCapital +31 6 573 92 397

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Business Analist IQCapital +31 6 573 92 401

René Brama

Sr. Investment Manager IQCapital +31 6 542 73 791

Angela Pellaupessy

Sr. Investment Manager IQCapital +31 6 248 64 107


Please feel free to contact us!

Liduina Hammer

Hans Dreijklufft

Suzanne Kroeze

Duko Drijfhout

Ludolf Stavenga

Thijs van den Munckhof

Nienke Vledder

Jasper Geselschap

Jesse In ‘t Velt

Fund manager UNIIQ +31 6 116 17 101

Investment Manager UNIIQ +31 6 387 79 574

Fund manager ENERGIIQ +31 6 837 03 663

Sr. Investment Manager UNIIQ +31 6 122 24 842

Jr. Investment Manager UNIIQ +31 6 558 17 430

Investment Manager UNIIQ +31 6 387 79 574

Investment Manager UNIIQ +31 6 535 98 266

Investment Manager ENERGIIQ +31 6 513 87 291

Investment Manager ENERGIIQ +31 6 526 33 306

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Annette van Elswijk Project Assistant UNIIQ +31 6 2005 0880


Colofon @InnovationQuarter / IQ032019 / Print version 003

innovationquarter.nl/investeren UNIIQ.nl ENERGIIQ.nl

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investeren innoveren in Zuid-Holland

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Profile for InnovationQuarter

InnovationQuarter Capital brochure - English  

In this publication you will find information about InnovationQuarter Capital and the funds from which we invest in innovative companies in...

InnovationQuarter Capital brochure - English  

In this publication you will find information about InnovationQuarter Capital and the funds from which we invest in innovative companies in...