The Dutch government offers various types of support for entrepreneurs, ranging from money to making life easier. If your idea meets the criteria for one of the subsidy programmes you can apply to the Netherlands Enterprise Agency (RVO) for an award.
Subsidies are basically government assistance for certain industries or activities which wouldn’t be a success without it. They are typically provided to assist struggling sectors or to encourage new developments or to promote a specific program or social good. They could be profitable economically but they are costly to other groups (for instance a food subsidy helps farmers, while raising prices for consumers), they may also be unsuccessful economically, but still achieve political and cultural goals.
Government-provided subsidies can come in a variety of forms, including grants or tax breaks, rebates or direct cash payments to suppliers or customers and price control. They may be indirect, too, such as road tax, which is a payment made by all motorists, not just those who use roads, or railway access charges that are not limited to trains for passengers.
Advocates for subsidies say they can increase the efficiency of an industry by protecting it from international competition, or by promoting local production. They also aid in combating market failures such as externalities and information inequalities. But, critics contend that these policies can have negative effects, from corruption to inequality, and that they block more equitable and efficient public spending. They also create unjust incentives. A company that is receiving a government subsidy may be tempted by the prospect of donating to politicians. This can lead to “regulatory capture” and rent-seeking.
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