In this version of our accelerator we will have a general program that all selected companies will participate in. All companies will receive the 1MNOK investment, tailored follow-up, office hours, credits, advise and access to our corporate partners, community and network. In addition, we also have an IoT specific track, where the selected companies will get some additional alternatives.
Our corporate partners OBOS, ABB and Telenor are gearing their efforts heavily into IoT - and like us, they are seeing great opportunities there. During the program period they will be working closely with the teams selected for the IoT track. With knowledge sharing, access to infrastructure, insights and real-life challenges from established companies, entrepreneurs working on IoT solutions will have the odds stacked in their favor through the accelerator program.
If selected, we will invest 1 MNOK in your company. In addition, this qualifies you for up to 1.5 MNOK in grants and loans.
This funding should give you sufficient runway for the first phase of your company. We'll work closely with you during the three-month program period, to help you spend your time and resources as efficiently as possible. Our community of entrepreneurs, corporate partners, seasoned investors and alumni members are of course available to you, making sure you get the best possible support along the way.
We represent more than 30 of Norway´s most successful entrepreneurs and invest their money into startups through Founders Fund. By getting investment from Founders Fund, you not only get money. More importantly, you get access to their experience and network.
No, anyone can apply, but the company has to be incorporated in Norway and have a Norwegian VAT / Org.Nr.
A total of 20.000 NOK will be deducted from the investment to cover fixed desks and office costs for the entire team during the program period. No other fees or costs.
Every week, there will a 1-2 hr meeting with the StartupLab team. In addition, most weeks we have accelerator lunches where experienced people from our network share their stories. From the trenches and off the record. Also a few social events, and the Demo Day at the end.
Our job is not to do your job, but rather to help you keep the main thing the main thing. You'll get full support from the entire StartupLab team, but we won't force you in any direction. You set the course, and we do what we can do boost your speed.
To make sure you get the most out of the accelerator period, we want to work closely with you. Our experience is that relocating to StartupLab is the best way to ensure a great environment for this, so fo the 3 month duration of the program, StartupLab is where you will have your home.
Short answer: Entrepreneurs using tech to solve problems.
Longer answer: Founders with motivation, grit and speed, that we can help move faster. We prefer teams that are able to build and sell the initial version of their product. No limitations when it comes to domain or technology (you can see the companies we already invested in here).
Applications will be reviewed on an ongoing basis.
Interviews with shortlisted applicants
We will publicly announce the selected companies
The selected companies will move into StartupLab, and we will kick off the program.
The Accelerator Companies will present their products to a wider audience of investors and potential customers at the StartupLab Winter Pitch Party.