Assume that Charles, The Bold, Duke of Burgundy, is more smart than bold, and manages to successfully carve out an independent kingdom or realm for himself at the expense of France and the Holy Roman Empire in the 1470's. Assume that this state holds the territories of all the Netherlands (Northern and Southern), Artois, Luxembourg, Lorraine, Franche-Comté, Alsace, and some of the Rhineland.
My guess is that Burgundy could become a quite industrious and rich nation-state.
So, my question is: how will Burgundy deal with the upcoming ages of discovery and colonialism? What sort of colonies are they likely to get, and how will their colonial policy differ from that of OTL's Dutch Republic?