In late October, the Cabinet expressed its intention to extend the Corona Bridge Loan (COL) for startups, scale-ups and innovative SMEs. The extension has since been approved. Innovative entrepreneurs in dire straits because of Covid19 can apply through the portal starting January 4, 2021.
Prepare your application now
To submit an application, you need several documents. For example, several financial statements, business plan, budget and interim figures. On this page you will find an overview of the documents you need to submit and the questions asked in the portal. Go through them in good time and collect all the documents so you can submit your application directly on January 4.
Bridging loans for startups, scale-ups and (innovative) SMEs
The Corona Bridging Loan (COL) is an emergency loan for innovative entrepreneurs and SMEs without a bank credit relationship who have run into financial difficulties due to Covid19. Applications will be evaluated according to the tender system used previously. This means that the ROMs will assess applications regionally and a national committee will weigh the applications against each other. In addition to the formal criteria, they will then look at qualitative criteria such as number of FTEs, alignment with mission-driven innovation policy, connection to ecosystems and the importance of the innovation. Companies that were awarded a COL earlier this year cannot reapply.
