Hyperfox Secures €50,000 Growth Subsidy from Flemish Government
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Hyperfox Secures €50,000 Growth Subsidy from Flemish Government

Allowing Hyperfox to explore market expansion towards the Netherlands and Germany.

September 15, 2023

In a significant boost to its expansion plans, the Belgium-based SaaS startup, Hyperfox, has successfully procured a 'growth subsidy' of €50,000 from VLAIO - Vlaams Agentschap Innoveren & Ondernemen. This financial backing from the Flemish Government underscores the potential that Hyperfox holds in the domain of B2B platforms and showcases the government's commitment to foster innovation and entrepreneurship.

Fuelling Hyperfox's Expansion Goals

The growth subsidy is more than just a financial inflow for Hyperfox; it represents an affirmation of the startup's vision and its promise in the larger SaaS ecosystem. With eyes set on scaling operations and extending its reach beyond Belgium, this investment comes at a crucial juncture.

CEO and Founder of Hyperfox, Tom Devos, weighed in on this development: "As Hyperfox continues its growth trajectory, we're channeling significant efforts into the enhancement of our SaaS platform and the refinement of our go-to-market strategy. While the Belgian B2B market remains a core focus, we view both the Netherlands and Germany as pivotal in our expansion plans. The VLAIO growth subsidy is a testament to our ambitions and will be instrumental in bringing in the necessary resources. It paves the way for us to bolster our platform's scalability and embark on our internationalisation journey. Furthermore, it empowers us to augment our team, setting the stage for our foray into the Dutch and German markets."

A Nod from the Flemish Government

VLAIO's decision to support Hyperfox is indicative of the government's initiative to back promising ventures. By recognising and investing in startups with a clear vision and a scalable model, the Flemish Government is not only bolstering the regional economy but also placing Flanders on the global innovation map.

In Conclusion

The acquisition of the growth subsidy from VLAIO marks a new chapter in Hyperfox's journey. As the startup sets its sights on new horizons, this financial impetus will undoubtedly accelerate its mission. With the combined vigor of its team and the support from the Flemish Government, Hyperfox is well on its way to making a mark not only in Belgium but also in the broader European market.

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