Norrsken is accepting applications for the 2024 cohort. The 2024 cohort will take place at Norrsken House in Stockholm July – September 2024.
Overview
| Organizer | Norrsken Foundation |
| Website | Visit website |
| Targets | Africa, Americas, Antarctica Region, Asia, Australia and New Zealand, Europe, Micronesia |
| Sectors | Sector agnostic |
What are they looking for?
- Impact: They invest across all UN SDGs, but demand that your impact is intentional. They are sector agnostic, and impact sector agnostic. They focus on finding the most promising startups within various sectors and helping them to scale. As long as you’re using technology and you’re solving a big societal or environmental problem, They would love to hear from you.
- Business model & Technology: They don’t have any preference when it comes to business model but demand that your impact is intentional. They are looking for companies where positive impact is an integral and non-negotiable part of the business model, so that as your business grows, your impact automatically scales with it. Beyond that, what’s most important to them is that your company has the potential to scale, and that it aims to leverage technology to do so quickly.
- Stage: Because of the terms of their investment, They are ideally suited to supporting companies at an early (pre-seed) stage. This means that you’ve identified a clear market opportunity and path to market with your product. You’ve also gone beyond the idea-stage and have something to show – you’ve probably built or are currently building an MVP. However, They are happy to support startups who have made more progress than that, and help fast-track your success from the starting point that makes most sense to you.
- Geography: They accept applications from anywhere in the world. The 8 week sprint takes place in Stockholm during the (European) summer. Remote participation is not recommended and something They want to avoid.
What happens during the program?
They will start off by investing $125k in your company.
You’ll then join them for an 8 week sprint at Norrsken House in Stockholm. During this time you’ll have 24/7 access to a workspace designed with tech and impact entrepreneurs in mind. They will work with you to tailor-make a program and set up 1-1 sessions with relevant mentors and experts, all designed to help you scale and grow your impact and business.
Finally, you’ll pitch to an audience of hundreds of investors, potential partners and clients at Norrsken Investor Day.
They will host a final celebration at the end of the program, but it’s not goodbye. They will continue to support you as a platform for peer advice and feedback, investor and partner connections.
How does the application process work?
Apply by filling in the application form (you’ll find it on norrsken.org/accelerator). Once you’ve submitted your application, expect to hear back from them within 3 weeks. They process applications on an ongoing basis so the sooner you apply, the better your chances of getting in.
Applications received before the end of April 2024 will be considered for the 2024 summer cohort, those received after will be considered for the next cohort.
If your application is successful, you will then be invited to a short first interview with them.
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