Submit your COL application before 1 October

16 Sep 2020

Are you a startup, scale-up or innovative SME and do you need funding in connection with COVID-19? Then submit your application for a Corona Reconciliation Loan quickly. The scheme runs until 1 October. If your application meets the conditions, you will receive a message at the end of October as to whether your application will be granted. ​

Evaluation criteria that apply to your application
If your company is based in Noord-Brabant, your application will be assessed by the BOM. In the event of a positive assessment, we will retain your application until 1 October. After 1 October, the assessment will be sent to a national committee and weighed against other applications from the Netherlands by means of a 'beauty contest' (form of tender). 

In addition to the formal criteria, we will also look at qualitative criteria such as the number of FTEs, alignment with the mission-driven innovation policy, alignment with ecosystems and the importance of the innovation. 

When will you be notified of your application?
Applications from the period from 16 August to 1 October will be honoured after 1 October 2020. The outcome of the national tender will be announced on 22 October at the earliest and by 29 October at the latest. In the event of a positive assessment, the award will then take place. If your application is rejected, you will receive an earlier notification. Aiming is within three weeks of the submission date.

Why do you work with a tender?
The government wants to be able to help as many entrepreneurs as possible with the available budget. That is why it has been decided to weigh applications against each other according to a tender system. 

For more information, please visit the site of joint regional development companies.

Written by
Corinne Moerman

marketing & communicatie

Corinne Moerman
Source: BOM
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