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The corporate venture fund of KLM, Schiphol, Delft University and Rabobank Mainport Innovation Fund
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The corporate venture fund of KLM, Schiphol, Delft ...ncet2.org/images/conference2014/downloads/slides-day2/1110/02ca… · international company like KLM ... “The TechnoPartner

Aug 27, 2020

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Page 1: The corporate venture fund of KLM, Schiphol, Delft ...ncet2.org/images/conference2014/downloads/slides-day2/1110/02ca… · international company like KLM ... “The TechnoPartner

The corporate venture fund of KLM,

Schiphol, Delft University and Rabobank

Mainport Innovation Fund

Page 2: The corporate venture fund of KLM, Schiphol, Delft ...ncet2.org/images/conference2014/downloads/slides-day2/1110/02ca… · international company like KLM ... “The TechnoPartner

The Mainport Innovation Fund (MIF) is multi-corporate partnership connecting industry, incubation & investing expertise and offering capital, knowledge and network

“The focus of MIF is closely aligned with a large part of the research priorities of our university. Portfolio companies

can use our knowledge and expertise and the other way around MIF offers a platform for young engineers to

learn about the commercialisation of technologies”

“KLM believes in strategic partnerships with new ventures to accelerate innovation. It offers a possibility to

combine the entrepreneurial, dynamic and flexible character of a young company with the valuable assets of an

international company like KLM”

“Through our participation in the Mainport Innovation Fund, Rabobank gives substance to one of our core themes of

corporate social responsibility: clean technologies and innovations. This is a contribution to sustainable development of

our local and global society.”

“MIF has access to the varied network and knowledge of its partners. This results in an interesting

dealflow, which is an excellent starting point for the realisation of our innovation and sustainability

ambitions”.

“The TechnoPartner seed facility is specially developed to mobilise the seed capital market and simulate

investments in technostarters to bridge the equity gap”.

Page 3: The corporate venture fund of KLM, Schiphol, Delft ...ncet2.org/images/conference2014/downloads/slides-day2/1110/02ca… · international company like KLM ... “The TechnoPartner

MIF’s reason for existence is based on the major challenges that come with the expected aviation growth

Aviation is expected to double over the coming 20 years and needs

to address sustainability challenges and technology opportunitiesTHE MIF SOLUTION

�Drive open

innovation across the

value chain

�Fill the financing gap

�Demand will increase:

- Air travel grows at 5% average per year

- Growing middle class in emerging countries

�Technology impact:

- New technologies enter the aviation market: NFC, biometrics,

security solutions, robotics, big data, etc.

�Sustainability issues:

- Sustainable aviation fuels

- Waste management

- Light materials

- Climate neutral airports

Page 4: The corporate venture fund of KLM, Schiphol, Delft ...ncet2.org/images/conference2014/downloads/slides-day2/1110/02ca… · international company like KLM ... “The TechnoPartner

Sector focus

Sustainable innovations that benefit aviation.

MIF invests in early stage start-ups with unique technology or commercial propositions that benefit the aviation sector

Early stage Venture Capital

Phased investment in Dutch techno-starters up to EUR 1.5M with a clear exit potential.

R&D Prototype Market entry Expansion SaturationGrowthFirst customer

MIF investment scope

Entry ticket

EUR 100 –

500k

Serie A / B

investment

EUR 500k +

Follow-on

investment

EUR 500k +

Exit

Page 5: The corporate venture fund of KLM, Schiphol, Delft ...ncet2.org/images/conference2014/downloads/slides-day2/1110/02ca… · international company like KLM ... “The TechnoPartner

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FAST TRACK COMPANY : Permanent electronic bagtagwww.fasttrackcompany.com

MI AIRLINE: Real-time customer info for crew and on board sales solutionwww.miairline.com

MULTI PILOT SIMULATIONS: Fixed base simulators offering multi-pilot trainingwww.flymps.com

ROBIN RADAR: Advanced radar solution to reduce bird strikeswww.robinradar.com

CASPER: Optimized flight tracking and noise control www.casper.aero

EYE ON AIR : Faster detection of explosives and drugswww.eyeonair.nl

AMPYX POWER : Airborne Wind Energywww.ampyxpower.com

MIF portfolio

Page 6: The corporate venture fund of KLM, Schiphol, Delft ...ncet2.org/images/conference2014/downloads/slides-day2/1110/02ca… · international company like KLM ... “The TechnoPartner

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Second fund under development, as MIF is almost fully invested

� Fund size: € 30-50M

� Investment range from € 0.3K-4M

� New partners may join

� Expected closing Q4 2014

Page 7: The corporate venture fund of KLM, Schiphol, Delft ...ncet2.org/images/conference2014/downloads/slides-day2/1110/02ca… · international company like KLM ... “The TechnoPartner

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Other KLM venture activities

Page 8: The corporate venture fund of KLM, Schiphol, Delft ...ncet2.org/images/conference2014/downloads/slides-day2/1110/02ca… · international company like KLM ... “The TechnoPartner

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KLM created SkyNRG in 2010, to develop a

market for aviation biofuels

Page 9: The corporate venture fund of KLM, Schiphol, Delft ...ncet2.org/images/conference2014/downloads/slides-day2/1110/02ca… · international company like KLM ... “The TechnoPartner

Next step: Global Feedstock Technology Fund I

$ 150M