Deadline: 28-Feb-22
Applications are now open for the Norrsken Impact Accelerator Program 2022 to bring together a global collective of entrepreneurs and investors in Stockholm, Sweden.
Among them are founders of more than 50 unicorns and companies such as Klarna, Mojang, Soundcloud, Kry, Good American, Meltwate, Voi, Rekindle and Brilliant Minds.
They are an accelerator investing in the best startups solving the world’s biggest challenges. They target pre-seed to early-seed startups that leverage technology to create and scale innovative solutions to new and old societal and environmental challenges.
What they are looking for?
- They target early-stage startups that leverage technology to create and scale innovative solutions to new and old societal and environmental challenges.
- They support startups in any area of impact and across all verticals. Each year, they’ll also highlight one or more verticals in which they’ll bring a little extra domain-specific expertise.
- Impact: They invest across all UN SDGs and do not limit themselves to a specific vertical, but they demand that impact is intentional. They are looking for companies where impact is an intrinsic and non-negotiable part of the business model. When this is the case, they can give you the tools to manage your impact, but focus on what they do best – helping you grow the business. You will further get support on measuring the impact of your business.
- Business model: They don’t think you need to sacrifice profit to make an impact. When impact is baked into your business, if you achieve financial success, your impact scales too. They’re looking for startups that have the potential to become impact unicorns – companies whose work will positively impact the lives of 1 billion people.
- Technology: Software or hardware, they invest in innovations that use technology as a tool in creating and scaling solutions.
- Stage: They’re ideally suited to supporting companies at an early stage (pre-seed to early-seed). This means you’ve identified a clear market opportunity and path to market with your product. You may have built or are building your MVP, you may have free-trial users or paying customers. Essentially, you’ve gone beyond just the idea and have something to show. However, they are happy to also support startups who have made more progress and fast-track your success from your base starting point.
- Geography: They accept companies from anywhere in the world. The accelerator takes place in Sweden. They require 2 co-founders from each startup to come to Stockholm for 8 weeks over the (European) summer to sprint on their businesses with their support.
What you Get?
- $125K Investment: Upfront pre-seed investment of $125k. There’s no fee for the program so you keep the full $125k.
- Unicorn Mentors: Dedicated 8 week sprint at Norrsken House Stockholm with mentorship from world-class founders who’ve faced the same challenges as you, including unicorn founders.
- Top Investors: Meet hundreds of top investors at Demo Day. Continue to receive warm introductions to the right investors during and after the sprint.
Why Stockholm?
- They’ll get you super cheap high-quality housing
- A beautiful place to spend the summer
- Europe’s unicorn factory
- The most sustainable country in the world
- Highly engaged investors
- Norrsken House
For more information, visit https://www.norrskenimpactaccelerator.com/