GJ Smid Fonds

About The Fund

GJ Smid Fonds is a venture capital firm located in Groningen, Netherlands, with a targeted investment approach focusing on innovation within the northern region of the country. Established on October 28, 2005, by Ir. G.J. Smid, a former director and co-owner of the family business Smid & Hollander, the fund was created to foster business activity and employment through the support of innovative industrial and artisanal developments in the North Netherlands region. Following the founder's vision, GJ Smid Fonds propels this mission by investing in equity and providing subordinated loans to companies with high potential for innovation. They seek to contribute to the economic vitality of the area by funding initiatives that can lead to business growth and job creation in the sector. The investment portfolio mainly concentrates on sectors such as biotechnology, regulated businesses, HealthTech, Fitness, Life Sciences, and Oncology. The firm is not a lead investor and typically partners with other investors to support companies. Investments typically do not exceed €250,000 per participation. As per the website content, the corporate governance includes Johannes J.P. Wolters as Chairman, Johan K. Lindemulder as Treasurer, and Johan Kamps as Secretary, ensuring the foundation's objectives and statutory goals are met. GJ Smid Fonds stands true to its 'Vooruitzien op innovatie' motto, which translates to 'Looking ahead to innovation,' symbolizing their forward-thinking approach to fostering regional development and innovation.