TerugblIQ | InnovationQuarter 2016 Annual Report
InnovationQuarter has operated as the regional development agency for West Holland since January 1st of 2014. Thanks to cooperation between the national government, the province, all major cities in the West Holland region, the universities and the university medical centres, InnovationQuarter is a unique initiative within the Netherlands.
Working together towards a strong region
Together with various companies, knowledge institutions, cluster organisations, incubators, investors and governments, InnovationQuarter works to strengthen West Holland’s position as one of Europe’s top economic regions. The agency focuses on cooperation between innovative enterprises, cross-pollination between the strong regional clusters, the targeted attraction of foreign companies and financing innovative and fast growing entrepreneurs.
InnovationQuarter exceeded its ambitious objectives for 2016 in all these areas.
- InnovationQuarter Business Development achieved 16 partnerships between innovative entrepreneurs with an investment volume of € 16 million. In addition, 46 partnerships were stimulated and a further 52 were explored. InnovationQuarter worked with several hundred companies on these partnerships. These were often trend-setting, cross-sectoral projects focusing on the transition to the ‘next economy’.
- InnovationQuarter Foreign Investments helped 36 foreign companies to establish themselves, move to or expand in the region. Within three years, these enterprises expect to create 730 additional jobs in West Holland and invest an extra € 95.7 million. Since InnovationQuarter started out in 2014, the number of foreign companies which landed in West Holland has increased by no less than 55%.
- InnovationQuarter Capital invested in 11 companies during 2016, while the UNIIQ fund financed 8 companies. As a result of these investments, the amount of additional capital attracted to the region was € 27.2 million. InnovationQuarter is expected to have been one of the three most active investors in the Netherlands in 2016. The companies in the agency’s portfolio expect to create 241 extra jobs over the next three years. An exit was achieved on the investment in IQMessenger in 2016.
As well as creating projects, new jobs and investments, InnovationQuarter generates added value by playing a connecting role within the innovative ecosystem and by putting the region on the map as an innovative hotspot. The agency also serves as the link between the ‘top sector policy’ of the national government and the regional business community. “Through the comprehensive execution of our core tasks, which includes drawing on our extensive knowledge and networks, we create added value as a regional development agency,” explains InnovationQuarter Director Rinke Zonneveld. “This means we are more than a connector and a catalyst, more than an acquisition organisation and more than an investor.”
Contributing to the Next Economy
InnovationQuarter’s annual report gives a voice to innovative entrepreneurs who help address challenges in fields such as healthcare, security and energy. Rinke Zonneveld: “In light of our ambition to tackle important social issues, these are the entrepreneurs we like to help.” They offer solutions that are often at the interface of sectors and technologies, which is why InnovationQuarter focuses on cross-sectoral collaboration. “This enables us to bring the ‘next economy’ closer in our region,” explains Zonneveld.
TerugblIQ – Annual Report
Curious about our results? See the InnovationQuarter Annual Report 2016 online below (in Dutch).