Entering a startup competition can be a great way to propel your company forward, as well as gain valuable insights, guidance and feedback. There is even the chance to secure an investment as well as win cash prizes.
With so many competitions out there, it can be hard to know where to begin. Here is a selection of three competitions that Nordic-based startups are eligible to enter.
Serendipity challenge is an annual competition open to all Nordic startups and growth companies. 50 of the most innovative companies are chosen to go forward to the final and compete for the titles of “Startup Company of the Year” and “Growth Company of the Year”. There is also an “Industry Award”, as well as an audience prize.
The final takes place during Sweden’s political festival, Almedalsveckan. For two days, a part of the festival becomes the Silicon Valley of Almedalen. Finalists are invited to exhibit their company.
Prize winners gain access to expertise that is worth 200 000 SEK (approximately £17 000). The prize money is to be used for the company’s next steps, and the expertise is tailored according to the needs of the business.
Regardless of who wins, the chance to display your business to the vast crowds of Almedalsveckan is an opportunity few would want to miss. The Silicon Valley of Almedalen gets around 40 000 visitors during those two days.
Startup World Cup
The Nordic branch of the Startup World Cup is brought to the Nordic region by Silicon Vikings. The competition is held at the start of the year in Norway, Sweden and Finland. One winner is chosen from each of the national competitions.
The national winner is invited to represent their country in the Startup World Cup grand final. This final takes place in San Francisco during May and the national finalists will meet other national finalists from all over the world.
The winning startup receives a $1 000 000 (£755 900) investment. If you are chosen to represent your country, your travel and two nights accommodation are provided.
The Venture Cup is a startup organisation with branches in Sweden, Denmark, Norway and Finland. It aims to find promising talents, and work with them to develop the technology of the future.
The Danish branch of the Scandinavian Venture Cup is part of a global network with chapters in Portugal, Iceland, China and Australia. There are two national competitions a year, as well as the University Startup World Cup.
Entrants are competing for a grand prize of 100 000 DKK (approximately £11 830). There are also prizes for different categories, and winners of these categories receive 20 000 DKK (£2 365) as well as qualifying for the University Startup World Cup.
The competition is built on three moments. The first is a pitch camp, where startups are given the chance to develop their pitch and polish their skills.
The pitch camp is followed by the semifinals, where the category winners are announced. The following day is the Award show, where prizes are presented to the category winners, and the overall winner across all categories is announced.
There is an abundance of competitions for Nordic startups to enter, but as competing can take up valuable time, it is always wise to know which competition might be the best fit for your startup. That way you increase your chances of success and make the investment of your time more worthwhile.
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