In 1999 we founded the first Dutch High Tech Incubator: Business Factory. Not a building with start-ups and administrative support but a new company based on the spin-out of highly promising scientific concepts from multinational companies and research institutes. The concept was inspired by the UK Technology Partnership and coupled the technology core to the hands-on market expertise of the targeted segment. Experienced senior businessmen co-operated with younger scientists with entrepreneurial ambition. While the mother company still participated, new investors joined the venture and real entrepreneurship was introduced. The start-ups were essentially developing a product and testing this in a representative environment. After successful prototype testing and first real customer commitment new shareholders took over and business ventures emerged. Between 1999 and 2003 were 7 ventures spun out from companies such as Philips, AkzoNobel and some universities. 2 are successful, 5 have been dismantled or taken back to the mother company.
- first Dutch High-Tech Incubator
- 7 start-ups (2 successful)