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Accelerate the next big thing

Are you looking for up to 3 MNOK in funding and a tailored 3 month program providing network and support?

Startuplab Accelerator is a 3-month program where you can explore and utilize the broad network at Startuplab and get access to experienced founders, investors and industry experts. Apply before September 29th!

STARTUPLAB ACCELERATOR IN BRIEF

Get up to 3MNOK in funding
Participate remotely, no relocation needed
No program fee!

We want to see more great Norwegian tech companies, and we work to support tech entrepreneurs in the earliest phases of building such companies. Starting up is super hard, and our accelerator program is designed to make it easier.

Yes, all selected companies get a 1-3 MNOK investment - and they get it up-front, but this is also a three month program that we’ll take you through. As you enter the program, you’ll be given desks at Startuplab (Oslo or Bergen), where you’ll work alongside the other participating companies. Each participating company will get close follow-up from dedicated members of the Startuplab team, and we will guide you on how to best take advantage of our wider community of industry experts, corporate partners, Startuplab alumni and investor network - so you can move faster. We also hold regular lunches for all accelerator companies, where we invite experienced entrepreneurs and investors to share insights and knowledge.

APPLICATIONS ARE NOW OPEN!

Application deadline on Sunday, September 29th

First round of meetings on October 16th and 17th

Kickoff November 18th

Furthermore, you’ll get access to free consultation with legal experts from DLA Piper, accountant services from Statement, patent lawyers from Dehns and recruitment assistance from us. All of this in addition to special deals from Amazon/AWS, Google, Stripe, Hubspot ++

And if you’re working on something related to Mobility, AI & Data Science, Energy, Fintech, Construction & Hardware/IoT, we have our Industry Programs with additional support - including a fully equipped Hardware lab. All this to help you move forward - faster.

The companies we are looking for

The Startuplab Accelerator is for Norwegian tech startups creating products or services for businesses (B2B) or consumers (B2C/D2C), regardless of whether it's software, hardware or a combination of these. In other words - this is for tech companies in any domain.

We are looking for founders with global ambitions, and the companies should preferably have launched their product, or have plans to launch within the next six months.

Join our community

Our strongest asset is arguably our community, consisting of alumnis, mentors, investors, industry experts and corporate partners - all eager to pay it forward. It’s not unusual that startups we work with find their first customers within our community, as they also want more great tech companies to come out of Norway.

We are very proud to have worked with so many talented entrepreneurs since 2012, and they gladly share their experience, expertise and networks with their peers. Whether your company works with SaaS, machine learning, hardware, consumer electronics, enterprise sales or consumer internet - chances are we have other great founders working on the same thing willing to share their learnings and networks.

Market validation is one of the most important activities founders engage in. And a lot of the work we do is to make this happen quicker, working to engage established companies so they are receptive when startups come knocking. We work extra closely with a number of corporate partners; which includes large Norwegian companies like DNB, Schibsted, Telenor, DNV GL, Equinor, Orkla, OBOS, AF-gruppen, Nye Veier, GC Rieber and many more.

The accelerator investment comes from our investment fund, which consists of more than 60 of Norway's most successful entrepreneurs, having built companies like Opera, Huddly, Stepstone, Oda/Kolonial, Kahoot, Douchebags, Dr. Dropin, Spacemaker, No Isolation, Attensi and Get. Startups selected to our program not only get money - more importantly, they get access to the experience and insight that our network represents.

These are the companies in the current batch (#16 / Spring 2024)

There are no results related to this search.

About the investment

Startuplab will invest 1-3 MNOK in the companies accepted into the program, for a targeted ownership of around 10%, and with a flexible investment approach. We are open to discuss different investment amounts and ownership percentages on a case by case basis.

The investment is normally done with SLIP, as an investment with a valuation cap, and optional conversion on our side. For all practical matters this works like a convertible loan, meaning your company maintains the ability to incentivize early employees long-term with stocks, while simultaneously being able to pay salaries short-term. Ensuring the company has the best possible foundation for future growth.
With the funding provided through the investment, founders are able to apply for all early-stage public funding in Norway which requires matching capital. This means most founders can get an additional 1,5MNOK in non-dilutive (soft) funding. For most early-stage tech companies, this should equal 12-18 months runway; enough to reach a significant value-increased milestone.
When we convert, we take common stock in the company, and we do no further investments in any company. Put differently; from there on out our incentives are 100% aligned, as we dilute with the founders.
We invest in Norwegian Aksjeselskap (AS).