The Dutch Ministry of Economic Affairs and the private sector will make available 40 million euros for innovative projects and start-ups in the agri-food sector. This has been confirmed by Minister of Agriculture Van Dam during the AgriFoodTech congress, which took place in Den Bosch on December 14 and 15, 2016. Significant investments in high-tech innovations should safeguard the Netherlands’ world-leading position in sustainably produced food and in knowledge & innovation in the agriculture and horticulture sector.
Minister Van Dam: “The Dutch agri-food sector is one of the most productive ones in the world and we want to keep that leading position. We can strengthen this position by applying the newest high-tech and ICT innovations. In the future, the Netherlands does not only want to be a significant exporter of food products, but also an important exporter of knowledge and technology.”
To make these pioneering innovations possible, the Minister intends to mainly support young and small companies in transferring their technological and creative knowledge in applicable products or services. The Ministry of Economic Affairs has made available 12 million euros for two so-called SEED capital funds: the Future Food Fund and the Shift Seed Fund. Through these investment funds the contribution of the Ministry will be at least doubled resulting, in 24 million euro of risk capital for innovative start-ups in the agri-food sector.