The Netherlands is seeking the contribution of Indian startups in the areas of logistics, cleantech, and medical science. After NFIA, India (Netherlands Foreign Investment Agency) invited Indian tech companies and startups to carry on their R&D related activities in the Netherlands, which already has a readymade and conducive infrastructure, the European country is now looking to join hands with Indian startups to catalyse its port-related developments.
Yesterday, speaking at the “Holland Meets Mumbai” event, Maarten Struijvenberg, Vice Mayor, City of Rotterdam said, “Besides ports and logistics, the medical industry is big in Rotterdam. We are looking for Indian startups, mainly second-stage startups working in these fields to set up a base. We provide the necessary ecosystem for them to grow.”
The Netherlands’ startup ecosystem has registered a growth of 31% in the past one year. The country is now looking for Indian startups to join the ecosystem and get benefitted from the same. So far, Singapore, Canada, the US and the Middle East have been the favourite destinations/export markets for Indian startups looking to cater to the global market.
Guido Tielman, Consul General of the Consulate General of the Kingdom of the Netherlands stated, “We also do pretty well when it comes to venture capital that is injected into the startup sector. In the Netherlands, universities, as well as pension funds, are investing substantially in start-ups. The largest Dutch pension funds for civil servants — ABP — has already invested $0.59 Bn in total investment stocks in the Dutch start-up sector.”
With 200 Indian companies having already set up their base in the country, Netherlands’ GDP is completely dependent upon the international business, as more than 50% of its GDP comes from the international business. The Netherlands is also the sixth largest FDI maker in India.
Tielman said, “Rotterdam would be for port, cleantech, medical technology, food and energy. Eindhoven, which was rated as the smartest region in the world, focuses on high tech, mobility and design. In Amsterdam, startups would be looking at sectors like creative industries, the Internet and the sharing economy.”