If you had 1.3 million and the best mentors - how far could you get in 3 months?

INTRODUCING THE DNB NXT ACCELERATOR

How far can you get in 3 months with NOK 1.3 million in funding, and daily coaching by Norway’s top entrepreneurs and DNB industry experts?

DNB and StartupLab are introducing the DNB NXT Accelerator, a three-month intensive program, where we bring together five to eight leading technology startups to accelerate their way to their first customer.

UP TO NOK 1.3 MILLION IN  FINANCING

The selected startups will get immediate access to up to NOK 800.000 in a convertible loan from StartupLab and Founders Fund for a targeted conversion into a 7,5 % ownership.

In addition to this, the participants can qualify for up to NOK 500.000 in grant from Innovation Norway upon starting the program. This is financing for further development and commercialization according to Innovation Norway’s criteria.

THE BEST COACHES

You will be allocated a personal and dedicated coach with international experience that will follow you closely on a weekly basis. DNB will share its industry expertise, access to technology and connect you with stakeholders who are looking for innovative solutions. In addition, you will get access to more than 50 StartupLab mentors and their networks.

This will ensure intensive and individual coaching to improve time-to-market. 

We run weekly program sessions where you will work together with your coach and other startups to solve the challenges you are facing. International and local mentors will give you access to valuable advice and support. 

DNB AND STARTUPLAB 

The DNB NXT Accelerator is a partnership between DNB and StartupLab. DNB will support the selected startups with both mentors and access to market knowledge from their massive industry network. And if you have the right product, DNB will help you find your first customer.

The program will take place in StartupLab, giving you access to the StartupLab community, the network of alumni companies, and the StartupLab Industry Network with over 50 industry experts. 

THE OBJECTIVES FOR THE ACCELERATOR

Increase the pace and reduce the time-to-market by securing critical hires and putting together an optimal team.

Explore the possibilties for cooperation with DNB.

Get customers and end-users that stick with the product.

Be introduced to potential investors.

This will effectively lay the foundation for future funding.  

WHO CAN APPLY?

Norwegian-owned tech companies.

Companies with the ability and motivation to be based at StartupLab for at least three months.

Startups that are motivated to learn and to share what they know with others.

Tech Startups that have a strong team and that are close to launching their product/service.

Companies that are willing to explore partnerships with DNB.

EXAMPLES OF STARTUPS WE LOOK FOR

Consumer and B2B-services within lending, insurance, payment, VIPPS, wealth management, pension, digital banking solutions, investment and trading.

Technologies within Big Data, advanced analytics, Machine Learning, Artificial Intelligence, Blockchain, beacons, Internet of Things and Virtual/Augmented Reality.

SCHEDULE

  • 16 December 2016

    Application deadline

  • 17-18 January 2017

    One-on-one meetings with the Startups

  • 9 February 2017

    Public announcement of the selected startups

  • 1 March 2017

    Start of the DNB NXT Accelerator Program

  • 2 June 2017

    Demo Day