Netherlands

Amsterdam-Delta #13

In the current crisis, the world is increasingly dependent on digital and technological solutions from startups and scaleups. In the Netherlands, we understand it is more important than ever to empower our leaders in tech to futureproof the world.

Nils Beers
Growth Expert and Entrepreneur-In-Residence, Accelerate Practice

Highlights

In 2020, Dealroom named Amsterdam Europe’s number 3 ecosystem in terms of the total value of tech companies founded in the city. The ecosystem is valued at US$83.3 billion, up from just US$11.1 billion in 2015. While success stories like Adyen and Takeaway.com may dominate media coverage of Amsterdam’s vibrant startup scene, the city is working to make the ecosystem inclusive and ensure prosperity is broad based. In December 2020 the City of Amsterdam announced it will invest US$856,500 in RISE – Female Hub Amsterdam to empower women entrepreneurs and tech professionals. Over a dozen partner organisations, including StartupAmsterdam, TheNextWomen, Startupbootcamp, and The Code to Change, are backing the hub. In November 2020, 2 influential tech communities, the Founder Institute and WomenTech Network, announced they are partnering to create the Female Founder Program. Aimed at bridging the gap between Silicon Valley and Europe, the program prioritizes supporting women entrepreneurs. In December 2020 the final Women in AI ACCELERATE pitch event took place in an immersive VR environment. Amsterdam’s startups also benefit from access to superior facilities and support services. Product is a space for scaling stage companies, while the Amsterdam Science Park is an internationally recognised hub for research, and entrepreneurship. Incubator Viisi Labs focuses on startups that develop sustainable FinTech. Incubator and social enterprise community center, Impact Hub, offers a suite of resources for founders.

Ecosystem by the numbers

TOTAL EARLY STAGE FUNDING
$1.1 bn
GLOBAL AVG.
$548 m
ECOSYSTEM VALUE
$26.9 bn
GLOBAL AVG.
$13.68 bn
MEDIAN SEED ROUND
$446 k
GLOBAL AVG.
$480 k
MEDIAN SERIES A ROUND
$2.3 m
GLOBAL AVG.
$3 m
SOFT. ENGINEER SALARY
$74 k
GLOBAL AVG.
$44 k

Sub-sector Strengths

Agtech & New Food

The government’s Vision on Circular Agriculture sets out a vision to make the Netherlands a global leader in circular agriculture by 2030. In April 2021, leading AgTech company CropIn announced its first international office in Amsterdam. Wageningen University & Research ranks first in the world in the field of Agriculture and Forestry and regularly produces sub-sector spin-offs. AgTech smart village Hacchu Dachhu Incorporation raised €25 million/$28.55M in January 2020. Livestock monitoring software company Connecterra raised US$7.8 million in July 2020.

Life Sciences

The Amsterdam Life Sciences District, centered around Amsterdam UMC and the Amsterdam Health and Technology Center (AHTC) is a magnet for talent. Healthcare incubator HealthInc offers an intensive 10-week program for early-stage Life Sciences startups at AHTC. Smart Health Amsterdam fosters collaboration between researchers, the business community, and policymakers. Drug development company NewAmsterdam Pharma raised US$192.5 million Series A in January 2021. In September 2020 cancer therapy company Lava Therapeutics raised $83 million in Series C funding.

Reasons to move your startup to Amsterdam-Delta

Welcoming International Talent

Highly skilled immigrants can qualify for the 30% tax reimbursement ruling, international graduates get one year to find work or start a business post-graduation, and there are entrepreneur visas available.

Digital Connectedness

Amsterdam has one of the world’s highest broadband concentrations and is also home to the best possible digital foundation: the Amsterdam Internet Exchange (AMS-IX) is one of the largest data transport hubs in the world.

Tax Benefits

The government’s R&D tax credit offers innovative companies compensation for part of their R&D expenditures. The Environmental Investment Deduction allows companies to deduct up to 36% of the cost for environmentally friendly investments. The Energy Investment Allowance allows companies to deduct 45.5% of the cost of energy-saving equipment, and a network of nearly 100 bilateral tax treaties helps firms avoid double taxation.

Get connected

Are you interested in diving deeper into this ecosystem? Drop us a message. Our Ambassadors and Partners can plug you in.