For many studying or working at UvA, taking time out to work on a start-up or innovation will be a considerable effort and require investment. To help ease this first hurdle, we offer a loan or investment of 2,500 EUR. This money can be used for a variety of things; from testing your marketing strategy, to building a tool, to designing a website. Innovations are selected following application rounds every quarter. In particular, students who have joined the Justice Entrepreneurship course are invited to apply to the fund. The best ideas are then chosen by an independent board. Importantly, funding also comes with free mentoring through our Market Impact programme.
Is your idea eligible for the investment?
Once we have received your application, we will invite you to complete our selection process. Selections for start-up funds by the Evaluation Committee are made on a quarterly basis, this includes:
(a) first check if you fulfil the criteria
(b) follow-up questions
(d) final assessment by our Evaluation Committee
How will your idea be evaluated?
Because we want your businesses to be financially independent, we offer our funding on the basis of a loan for those who develop a for-profit initiative. This means that if your business starts generating revenue within 3 years, you have to pay back the 2500 EUR (without interest). However, it is important to emphasise that we don’t expect you to be able to repay us immediately, and nor will we demand our investment back if your idea comes up against insurmountable challenges. Non-profit initiatives are exempt from paying back their investment.
In the past, the Law Hub has already funded promising initiatives. We are still working closely with a number of these start-ups.