The Phillips foundation loan

This entire venture is cancelled if we don’t manage to secure 3 to 4 hundred thousand euros within the next couple of days. That doesn’t seem like a lot in this crisis, but under normal circumstances it would take at least a couple of months as a social entrepreneur. We’re not a big corporation which is a good thing. We’re not in it for the money. We believe we can help fix the enormous shortage of medical supplies. As a flexible gutsy social entrepreneur, we might even be able to do it with some speed. But setting up a factory in three weeks does seem absurd. Luckily we have a great network of foundations and other parties to whom we reached out to.

We formulated a proper business case and the Phillips foundation was the first to bite. For the last two weeks they helped us think about raw materials and an expert provided us with knowledge on the technique and market. We’ve got a €100.000, now we just need 2 to 300.000 more.

Johan Blom and Jaap Stelwagen provide us with a daily update about the numbers. Because of our minimal prep time, we need to adjust our digits with every bit of new information.