De Breed & Partners financing opportunities: WBSO and MIT

How does De Breed & Partners fit into DBI?

De Breed & Partners helps technology companies understand the funding puzzle: crowdfunding, equity, subsidies, grants, tax incentives. Revolutionary innovations cannot be invented without funding. Companies often unfortunately lack the expertise necessary for successful funding applications and finding the required R&D budget can be difficult.

De Breed & Partners seeks to support both the entrepreneurs of today and entrepreneurs of the future. In addition to subsidy applications, De Breed & Partners offers active leadership in the managing of the most important forms of capital investment, namely, personnel costs. They help solve the funding puzzle between equity, loans, subsidies and government grants for a solid base of finance for your company.

Who?

De Breed has a database of a few thousand clients which are mostly SMEs, startups and freelancers. They stress, ‘whatever growth phase you are in, together we find the right tools to make innovation and growth possible.’

The core customers of De Breed & Partners are SMEs in technology innovation. The industry trend is towards software development because less capital is required. A software company is smaller, the projects are more scalable and hence advantageous for investors.

Over the last fifteen years, De Breed & Partners has submitted over 15,000 applications with a 99% success rate for more than 2,000 clients. The total subsidy sum exceeds € 300 million.

If a DBI relation was to approach you for help regarding financing, what would be the process?

We typically have innovative companies approach us. Then we solve their financing puzzle with a combination of equity from investors, bank credit, crowdfunding. We assess what financing best suits their business and file the appropriate applications. We have ongoing customer relationships as some funding requires yearly applications and financing needs are subject to change.

De Breed & Partners is most active in WBSO applications. The WBSO is a wage subsidy from the Dutch government to promote R&D for the salaries of developers.

The RVO is natural opponent, however, the RVO doesn’t provide much help for applications. SMEs of typically 10-20 employees can’t write the applications with any better than a 10% success rate. This is where De Breed & Partners enters the ecosystem; to …the brick wall which exists between SMEs and funding. It is De Breed & Partners which enables innovative companies to access the pot of money over the rainbow.

Which subsidies or funding applications?

Two of the most important financing opportunities with De Breed & Partners are the WBSO and the MIT.

  • The WBSO is a wage subsidy for developers from the Dutch government.
  • The MIT is a subsidy with feasibility requirement. Applications for MIT funding will open on April 17. It is necessary to have applications in by this date as it is ‘first in, first served.’ Companies are eligible for up to 25,000 EUR. To be ready on time, De Breed & Partners encourages interested parties to contact them ASAP.

Industry insights and predictions

Having a client base of technology innovation companies, De Breed & Partners are in a prime position to keep up to date with industry trends. They see AI, ML, algorithms, Virtual Reality, Augmented reality, blockchain and drones as big themes across the spectrum.

But we’ve heard all these buzzwords before. Raf Grubben, a consultant at De Breed & Partners says ‘the next step is quantum computing. Once that is mainstream it will change everything again.’  In the landscape of financial services, there is a changing concept of business. Advertising, media and PR companies are increasingly becoming tech companies.

Another significant industry trend according to Grubben is the open API and data revolution which means that for instance fintechs can take market share from banks. Additionally, a challenge perceived in the current market is a shortage of software developers and technical personnel. This slows development.

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