DutchBasecamp accompanies the Dutch Royal Couple Visit to Leipzig
The agenda of the four-day trip through Thuringia, Saxony and Saxony-Anhalt of the Dutch Royal couple Willem-Alexander and Máxima included a visit to SpinLab – The HHL Accelerator at Spinnerei, a former cotton mill. Minister for Foreign Trade Lilianne Ploumen and DutchBasecamp accompanied the Dutch Royal Couple, alongside several startups and venture capitalists. The occasion for the royal visit to Germany is to intensify trade and investment relations as well as to promote cooperation between the key industries of the two countries.
We met young, innovative entrepreneurs from Saxony and the Netherlands at the start-up accelerator SpinLab. This innovation hub is run by Germany’s leading business school. Rainer Gläß, Chairman of the Board of the publicly-traded technology company GK-Software AG, provided valuable insight into entrepreneurship “Made in Saxony”. In addition, he made primary references to the Netherlands as an important commercial partner.
Strong: driven entrepreneurs with a digital focus
Start-ups in the digital economy have become the lion’s share in both countries: WeTransfer, Fintech Adyen, or Blendle, which dared enter the German market as an initial expansion stage, are all prime examples of this industry in the kingdom. Zalando, Researchgate, or Trivago, which was founded by HHL graduates, are all renowned start-ups in the German start-up scene.
In addition to financial assistance from both national and foreign investors and state subsidies, crowdfunding is becoming more and more popular as an external financial source in the Netherlands. In Germany, however, alongside one’s own savings, support by the national government as well as friends, family and business angels are the main source of financing.
Our very own Isabel Brouwer on financing and international growth: “These trade missions are vital for cooperation between entrepreneurs; Dutch founders can help the German ones and vice versa. We also have some excellent German mentors in our Dutch network. Insight into networks, the market launch of their product in a new environment, and insight into financing are essential for start-ups that want to grow internationally.”
During this trade mission venture capitalists, business angels, and mentors have concrete interest in supporting startup initiatives. Our very own Dutchbasecamp friends from SOWISO took the centre stage to impress investors and innovators, returning with several leads for doing business abroad.
We are happy to help startups grow internationally. Would you like to be the next DutchBasecamp friend joining future trade missions? Be sure to apply for our mentoring network!
Apply here (no fees asked)
read the full press release by HHL Leipzig here.