If Denmark were to invest more in developing IoT we could tap into a huge market potential. But the area has not been cultivated enough to be an important player – yet. So says the CEO of inQvation, an innovation hub that has developed the first international IoT focused accelerator in Denmark together with the startup accelerator Accelerace.
Data is the new oil, but as opposed to oil data can be created anywhere. In the coming years, billions of devices will be connected to the internet in a new data revolution. And in that lies a huge market potential that Denmark so far has missed out on.
That’s why Accelerace and inQvation have joined forces and launched a structured accelerator program targeting startups working with IoT. The mission is to take an active part in developing each company zooming in on their specific needs with tailored mentoring and helping the founders with access to a large network of experts and test facilities at inQvation.
“Our vision is to build an international IoT focused accelerator stretching beyond the Danish borders with a strong program that can attract the best and most innovative startups from all over the world. That is a task we cannot solve on our own. That’s why we are assembling an ecosystem of Nordic and international established companies, mentors and partners to join our program and help us to create the best possible framework for the startups,” says Søren Lottrup, a partner in Accelerace.
We want to participate in building strong businesses
Accelerace has already started the scouting process to find the startups to enter the first batch.
“Our hope is that we can take part in developing a number of strong companies that in the long term can become best bets for Denmark and leverage the Danish business community’s competitiveness. Hopefully, we’ll see several companies with a huge growth potential where we can help scale their business and possibly invest. And of course we hope the accelerator can create more awareness on IoT and show the market potential in this space,” says Claus Zibrandtsen.
Ambitious startups with IoT-focus can get access to the Nordics, tailored mentoring from serial entrepreneurs and test facilities at inQvation by applying for our program no later than the application deadline: June 2nd, 2019.
Read more about the accelerator here https://www.accelerace.io/iot-accelerator/