NV NOM

NV NOM, or Noordelijke Ontwikkelingsmaatschappij (Northern Development Company), is a prominent regional development agency based in Groningen, The Netherlands. Established in 1974, NOM's core mission is to stimulate economic growth and foster employment within the Northern Netherlands, specifically across the provinces of Groningen, Friesland, and Drenthe. As a key player in the regional ecosystem, NOM provides crucial financial and strategic support to businesses, aiming to enhance the innovative capacity and competitiveness of the local economy.

The firm employs a multifaceted approach to financing, offering not only venture capital but also various forms of loans and guarantees. This flexible strategy allows NOM to cater to a diverse range of funding needs for companies at different stages of growth. Their investment focus is primarily on innovative and fast-growing enterprises that demonstrate significant potential for regional impact. Key sectors of interest include Energy, Circular Economy, Health, Information and Communication Technology (ICT), Agro & Food, and Water Technology, reflecting the strategic economic priorities of the Northern Netherlands.

NV NOM typically provides first-cheque investments ranging from €50,000 to €2.5 million. Translating this to US dollars, based on a recent exchange rate, this range corresponds approximately to $54,000 to $2.7 million. This substantial range enables NOM to support a broad spectrum of companies, from early-stage startups requiring initial seed capital to more mature businesses seeking growth financing. The agency emphasizes building long-term partnerships with its portfolio companies, providing not just capital but also access to its extensive network and expertise to help them scale and succeed within the region.

NOM's long-standing presence since 1974 underscores its deep commitment to the economic vitality of the Northern Netherlands. Through its strategic investments and development initiatives, NV NOM plays a vital role in fostering a dynamic business environment, attracting new enterprises, and ensuring the sustainable growth of existing ones, thereby contributing significantly to regional prosperity and job creation.