This is the Privacy Statement of Innovation Industries (hereafter: ‘Innovation Industries’, ‘II’, ‘we’ or ‘us’). This Privacy Statement provides information on the processing, by Innovation Industries, of personal data collected from visitors to our website, job applicants and business partners. Innovation Industries values your privacy and is committed to protecting your personal information. This Privacy Statement may be changed over time. Changes to this Privacy Statement will be brought to your knowledge by appropriate means. The most up-to-date Privacy Statement is published on our website. This Privacy Statement was last updated in February 2023.
This Privacy Statement is applicable to the processing by Innovation Industries of all personal data of visitors of its website, job applicants, business partners and other individuals with whom we have a commercial relationship. This Privacy Statement does not address the processing of personal data of investors.
Innovation Industries is data processor for all data that fall within the scope of this Privacy Statement, as we determine the purpose and means of processing. This Privacy Statement indicates what personal data are processed by Innovation Industries and for what purpose, and to which persons or entities the data will or may be provided.
In the table below, we explain what personal data we may collect from you, for what purpose we process this data, on what legal basis we do so and how long we retain your personal data to fulfill the stated purpose.
A) To deliver to you our website's functionalities and to improve its working. If you use our website, we process technical data to offer you our website’s functionalities (i.e. functional cookies) and to allow our website administrators to manage and improve our website's performance (i.e. analytical cookies). Personal data includes data on your website visit, through functional cookies (anonymous data) Google Analytics data: information about your use of the website (e.g., data on the pages you have visited on our website, your click- and surf behaviour and the length of your session). The legal basis is legitimate interest (i.e., our commercial interest) and we retain information 26 months (Google Analytics retention period).
A) To answer your questions and address your requests. If you get in touch with us at the email addresses or via the contact form on II’s website, we use your personal data in order to reply to and answer your question or address your request. Personal data includes name; contact details; correspondence with II about your question or request and all other personal data which are necessary to answer your question or address your request. The legal basis is legitimate interest (i.e., our business interest) and we retain information 1.5 years.
B) To allow you to connect with us via social media (e.g. LinkedIn). II is active on social media platforms such as LinkedIn. When you contact II via social media, we process your personal data in order to answer your questions and to respond to your messages. Personal data includes (user)name; contact details; data you have included in your message to Innovation Industries. The legal basis is legitimate interest (i.e., our business interest) and we retain information 1.5 years.
C) To respond to your request for funding. If you share with us information about your enterprise in the context of possible funding, we process your personal data in order to respond to your request. Also, based on your consent, we file the information so as to be able to properly respond to any future requests. Personal data includes (user)name; contact details; data you have included in your message to Innovation Industries. The legal basis is legitimate interest (i.e., our business interest) and we retain information for the time it takes us to respond to your request or (based on your consent) 5 years.
A) To administer your job application and perform an assessment of your suitability for the job at hand. Personal data includes name; date of birth; personal data involved in any correspondence with us; your CV and any other information you provide to us in support of an application and/or the application process, such as a written motivation or references; assessments and interview notes; identity and nationality information (e.g., passport). The legal basis is legitimate interest (i.e., our commercial interest) and we retain information for 4 weeks after the application process has been formally concluded (your application is unsuccessful, you decline our offer, or you withdraw from the process).
B) To contact you over the course of the application process e.g., to invite you for a job interview. Personal data includes name; contact details. The legal basis is legitimate interest (i.e., our commercial interest) and we retain information for 4 weeks after the application process has been formally concluded (your application is unsuccessful, you decline our offer, or you withdraw from the process).
C) To build a portfolio of potentially interesting candidates for future reference. We might wish to retain your resume so that we can contact you in the future. We will always ask your consent to keep your personal data for a longer period of time. Personal data includes name; contact details; your CV and any other information you provide to us in support of an application and/or the application process, such as a written motivation or references; assessments and interview notes. The legal basis is consent and we retain information for 1 year after the application process has been formally concluded.
A) If you are an investee company. To assess and accept you as a business partner. We process your personal data or personal data of any of your employees for assessment and acceptance purposes, for example in order to confirm and verify your identity. When we consider an investment in your company, II processes your personal data to perform due diligence. To enter into and maintain our relationship with you as a business partner. When we invest in your company, we process your personal data to be able to enter into a contract with you, to administer the contract as well as allow for its proper performance. Personal data includes name; contact details; your CV, background information and/or assessment; date of birth; any personal data included in shared documentation e.g., a business plan; identity and nationality information (e.g., passport). The legal basis is legitimate interest (i.e., our commercial interest), legal obligation, or performance of contract and we retain information for 2 years after termination of our business relationship, or 7 years (when the investment is rejected).
B) If you are a supplier of products and sercies. To assess and accept you as a business partner. We process your personal data or personal data of any of your employees for assessment and acceptance purposes, for example in order to confirm and verify your identity. To enter into and maintain our relationship with you as a business partner. We process your personal data for general administrative purposes. We also use your personal data to receive and administer your services or products and to otherwise execute our agreement. Personal data includes name; contact details; date of birth; personal data shared in any correspondence with us; CV; identity and nationality information (e.g., passport). The legal basis is legitimate interest (i.e., our commercial interest), legal obligation, or performance of contract and we retain information for 2 years after termination of our business relationship, or 7 years (when the partnership is rejected).
C) If you are a potential investor in our fund. II uses the information stored in its investor and business contacts database to send you suitable offers and to perform account management. Personal data includes name; contact details; information on your background and preferences; personal data shared in any correspondence with us. The legal basis is legitimate interest (i.e., our commercial interest) and we retain information for 7 years after your last contact with II.
D) If you are a potential investor in our portfolio companies. II uses the information stored in its investor and business contacts database to contact you about potentially relevant investments in our portfolio companies. Personal data includes name; contact details; information on your background and preferences; personal data shared in any correspondence with us. The legal basis is legitimate interest (i.e., our commercial interest) and we retain information for 2 years after termination of our business relationship, or 7 years after your last contact with II.
A) We keep basic contact information from a range of (potential) business partners to keep them informed about our activities and news about our fund(s) through our newsletter. Personal data includes name; contact details. The legal basis is consent and/or legitimate interest (i.e., our commercial interest) and we retain information until you withdraw consent, for 2 years after termination of our business relationship, or 7 years after your last contact with II.
4.1 Access to your personal data within Innovation Industries.
We exchange your data for administrative purposes and so that we can have a complete overview of your contacts and contracts within Innovation Industries. We may also exchange your data to offer you a complete package of services and products. Innovation Industries employees are authorized to access personal data only to the extent necessary to serve the applicable purpose and to perform their jobs.
4.2 Access to your personal data by third parties.
When this is legally required, Innovation Industries will share your data with third parties in the following categories:
In order to comply with relevant laws and regulations, we may need to disclose your personal data to government institutions or supervisory authorities. This could be the case where tax or business conduct related obligations apply.
We may share your data with third parties when this is necessary for the provisioning of services that support our business, such as banks, notaries, accountants, lawyers, fund administrators or IT suppliers.
We may disclose data with business partners, such as investors, who are involved in, or consider being involved in, our transactions.
4.3 International data transfers.
For the purposes listed above, your personal data may be transferred to any of the aforementioned recipients in any jurisdiction. Transfers of such data will be made to countries located in or outside of the European Economic Area (the EEA). Certain countries in which recipients may be located and to which personal data may be transferred may not have the same level of protection of personal data as the one afforded in the EEA. Personal data transferred to countries outside of the EEA will be protected by appropriate safeguards such as standard contractual clauses approved by the European Commission (and possibly required supplementary measures) and you may obtain a copy of such safeguards by contacting us using the contact details set out in section 7 below.
Innovation Industries has taken adequate safeguards to ensure the confidentiality and security of your personal data. Innovation Industries has implemented appropriate technical, physical and organizational measures to protect personal data against accidental or unlawful destruction or accidental loss, damage,alteration, unauthorized disclosure or access as well as all other forms of unlawful processing (including, but not limited to, unnecessary collection) or further processing.
Under applicable data protection and privacy laws, you may have rights to:
- Access your personal data
You may ask us whether we process any personal data that relate to you. If this is the case, you may ask us to provide you with a copy of the personal data we process relating to you insofar as required by applicable data protection laws.
- Correct and erase your personal data
You may request us to correct any inaccurate personal data we process relating to you. Also, you may ask us to erase the personal data that relate to you if they are no longer necessary for the purposes for which we processed them, if you have withdrawn your consent and we do not have another legal ground for processing your personal data, if your personal data have been unlawfully processed or if your personal data have to be erased following applicable EU or EU member state laws.
- Request the restriction of processing
You may request the restriction of the processing of your personal data if you have contested the accuracy thereof, if the processing is unlawful and you prefer restriction over erasure, if we no longer need your personal data for a defined purpose but you need them for the establishment, exercise, or defense of legal claims, or while your exercised right to object is being reviewed.
- Object to processing your personal data
You may object to our processing of your personal data based on our legitimate interest. We will then no longer process your personal data for this purpose unless we have an overriding legitimate interest to do so. You may also opt out from processing your personal data for direct marketing purposes.
- Withdraw your consent to processing your personal data
You may withdraw your consent to the processing of your personal data (where Innovation Industries is processing your personal information based on your consent).
- Data portability
You may request receipt or transmission to another organization, in a machine-readable form, of the personal information that you have provided to Innovation Industries.
- Lodge a complaint with supervisory authority
If you feel that we do not comply with the applicable privacy laws, you have the right to lodge a complaint with the Dutch Data Protection Authority (Autoriteit Persoonsgegevens) or any other relevant data protection authority.
If you have any questions regarding the processing of your personal data, or would like to send a request relating to any of your data protection rights, please contact Innovation Industries at info@innovationindustries.com.
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