Scale up your IoT startup
The Internet of Things is changing the way we live in multiple ways, from transforming business operations to reshaping how we communicate, manage our homes and lifestyle and monitor our health. In the coming years billions of devices will be connected to the internet and the revolution has just begun. It’s about networks, it’s about devices and it’s about data.
Accelerace, top 3 European Accelerator and inQvation, the new Danish IoT Hub have joined forces to build a dedicated accelerator for leading innovative IoT start-ups. The program utilises the Nordic position as IoT leaders in Europe to connect start-ups with IoT pioneers, experts, mentors and much more to accelerate their business and gateway to the Nordics. Welcome!
What you get
Extensive one-on-one training
We are serial entrepreneurs and we have worked with more than 650 start-ups. We teach you everything that we have learned give you the right tools.
Pitch for leading Business Angel Community
Get the opportunity to pitch in front of our Nordic Business Angels network with more than 100 dedicated business angels.
Gateway to the Nordics
We plug you in to our extensive network of corporate innovators, ecosystem stakeholders and partners in the Nordics.
If you decide to relocate to Copenhagen for the program or part of it, we will help you get settled in and assist you with relocated and accommodation.
Exclusive Founders Pack
Free resources and tools worth € 50.000 from Amazon, Microsoft, HubSpot, Rackspace, Horten, PA Consulting and many more.
Free office space @ inQvation
You will be offered free office space at inQvation, Denmarks coolest IoT Hub where you will sit and work alongside with some of the leading Nordic IoT start-ups.
Do you have what it takes?
We have built a dedicated IoT-accelerator to support new and innovative start-ups in realizing their full potential. It’s backed by Europe’s award winning accelerator, serial entrepreneurs and leading corporates such as inQvation, Symbion, Arla Foods, Elia, Enel, NRGI, Bang & Olufsen and many more. And of course: it’s 100% free – no equity, no cost.
All start-ups within the space of IoT can apply. More specific we are looking for IoT start-ups that work with:
Communication & Infrastructure
Mesh network, security, privacy, protocols, batteries, sensors, standards, 5G, data transfer, infrastructure your name it.
Technologies to enable farmers and producers to monitor, optimize, trace, and utilize production in a safe and reliable way.
Devises to automate tasks and making the home/building smarter, safer, energy efficient, and more entertaining to live and work in.
Collecting personal data and valuable insights to provide individualized treatment, remote care and diagnostics.
Sensing, storing, and tracking of biometric measurements to improve fitness, personal health and lifestyle.
WHAT IT TAKES
Frequently Asked Questions
Yes, you can attach documents to your application. If you scroll down the application page (For startups/Apply) you will be able to attach files. All your documents and other details will be kept confidential.
It depends a little on technology and market, but from the level of MVP, prototype or more. Our focus is market development.
Our program is 100% flexible, individualized and efficient and designed around the challenges that companies at your stage experience. The content is centered around learning labs, workshops, mentoring and coaching that are tailored to your needs. We’re a specialized scaling platform rather than a traditional acceleration program.
No. You don’t necessarily need to relocate since we can do the mentoring remotely. However, you do need to register your company in Denmark (CVR number) and have some activity here e.g. participating in camps and client or investor meetings.
If you do wish to relocate to Copenhagen, we will help you with administrative tasks, logistics, discounts and help you get in touch with the right people.
Well, it’s up to you – however here are the most obvious 5 reasons:
1) We focus on late stage startups that are already on the market and we help them scale. Most other programs are incubators or early stage accelerators.
2) We match you directly with our leading corporate partners that are interested in your technology and which in return will offer your know-how, insights and expertise.
3) You’ll get an extra ressource on your team and not just a mentor giving you ad hoc advices. Our business accelerators & investors spend 180 hours with your startup. Now that’s really something.
4) Think of it as a shortcut to the Northern European markets. Not only is our startup tech scene vibrant and booming, but we also offer a hotbed for clean tech, food and life science and a gateway to the Nordic countries. Denmark is home to 22% of the scaleups in the Nordics – and together the Nordic countries have almost 6 times as many scaleups as the average country in continental Europe, and 9 times more than in Southern Europe.
5) Denmark is one of the most digitalized and innovative countries in Europe. Our bustling, creative startup scene has fostered some of the world’s most successful tech companies and disruptive startups within AI, big data, block chain, healthtech and IoT.
We don’t take equity in your startup. We do however include a tag-along right, so if you find an investor during the program, we have a right to co invest on the same terms as your lead investor (up to DKK 1 mio.)
Our program is partly funded by the Danish Government and leading Danish and International corporates with the goal to attract startup talents and create growth.
Our program is designed around challenges that companies at your stage experiences. Consider spending about 4-8 hours per week in average, plus time do business development related efforts with the corporate partners. This factor varies from company to company.
Accelerace and inQvation have both been valuable for Onomondo's development. Accelerace was at an early stage helping with testing our market hypothesis and through inQvation our commercial reach has been expanded at the stage, where it has been crucial to scale quickly and efficiently. Both parts have been vital elements for bringing Onomondo to the point, where we are today.
Accelerace got us thoughts on the business side in line and we ended up landing our first investment. At inQvation, we have found a professional environment of like-minded, where mutual sparring is a huge benefit for the further development of our product and growth of our company. The synergies are significant, and an IoT hub just makes sense.
Attavik has attended the programme and we were taught how to find/identify our customers, how to make an investor pitch and now we have tools to progress. We now have a lot of knowledge we didn't have before the programme. We are very happy with the office space at the inQvations community, because we have a great working place and great co-workers from the other companies in the community. It is a very inspiring community and we have great conversations with the other companies.
Partners and sponsors
The IoT accelerator is backed by dedicated partners to establish an accelerator that can strengthen the positive development and help to innovate new sustainable strong commercial IoT companies.
Has accelerated +500 startups over the last 9 years and is one of the leading accelerators in Europe. Also, they have invested in +70 startups and have helped leading international corporates in open innovation and startup engagement.
inQvation is a ecosystem for entrepreneurs, that establish and develop companies with a high potential for growth and development. With a team of highly competent people, inQvation actively enter startups and contribute with development of each startup, whether they require technical development, marketing, legal assistance or something alike.