Fundraising For Startups
A 7-week program to help your startups to become fundraising ready
About the program
Innovation Norway and Angel Challenge has partnered up to support more Norwegian founders with skills and experience on how to attract investors to their company and how to build international growth companies.
The Fundraising for Startups Program is a six-week program for early stage companies in Norway with the ambition to grow and expand their business. The program is addressed to startups that want to grow through fundraising and will help you become fundraising ready by preparing you to successfully go through investor meetings and the due diligence process.
It is the first stage in the Angel Challenge fundraising cycle. You will develop a structured approach to fundraising for your startup, build an investor ready deal and attract investors.
*The program is free, cost covered by Innovation Norway (cost ca. 30.000 Kr per company)
Startup Criteria
Early Stage Startups with a max of 5 years.
Registered in Norway as an AS.
With a dedicated team.
With, or close to be done, MVP or Prototype.
Looking for funding within a reasonable time, preferably 0-18 months.
What you get
Investment terms and deal-making
Learn investment terminology, startup valuation methodologies, the common investment deals and the art of closing a round.
Growth Planning and Metrics
Identify the relevant metrics for your company. Set growth goals and processes to measure progress. Look for the the skill gaps in the team and set up a recruitment plan.
Due diligence and risk assessment
Identify and improve the relevant documents to provide to investors and build your due diligence data room. Self-asses the risk of your company and set up a risk mitigation plan.
Resources
Get access to frameworks of valuable content, best practices and startup tools.
Network
Connect with our network of founders, experienced investors, and community leaders both national and internationally.
Financials and Fundraising
Test and validate the scalability of your business model. Build a financial model and identify your funding needs. Select the best funding source for your company and develop a fundraising plan.
Next Sessions
Oslo: 10th Feb 2021 - 24th Mar 2021
Vestland (Bergen): 11th Feb 2021 - 25th Mar 2021
Møre og Romsdal (Molde): 4th Feb 2021 - 18th Mar 2021
North Norway: 6th May 2021 - 17th Jun 2021
National: 4th May 2021 - 15th Jun 2021
1st session: 09:00 AM - 16:00 PM
2nd, 3rd, 4th sessions: 09:00 AM -14:00 PM
*One session every two weeks.
Application Deadline
Oslo: 24th Jan 2021
Vestland (Bergen): 24th Jan 2021
Møre og Romsdal (Molde): 24th Jan 2021
North Norway: 19th Apr 2021
National: 19th Apr 2021
Agenda
Session 1
Investor presentation
Due diligence process
Risk assessment
Session 2
Financial plan
KPIs & performance
Session 3
Product & IP strategy
Funding sources
Session 4
Investment deals
Team & operations
Demo Day
Oslo: 20th Apr 2021
Møre og Romsdal (Molde): 21st Apr 2021
Vestland (Bergen): 22nd Apr 2021
North Norway: 28th Jun 2021
National: 28th Jun 2021
Speakers
Past Participants
Becky from WAM
A valuable course for startup founders. Interesting sessions and knowledgeable presenters. I would recommend it to everyone starting out on their entrepreneurial journey!
Thommy from Leid.no
A must for startups. Here you can go from 0 to 100 and learn from the best.
Morten Kroslid from Shineup
"Fundraising for Startups" taught me how to work more structured and professional. I believe the program will help our startup closing our next fundraising round faster, get the right investors and get a higher valuation.
Heidi Myrmo from Allva
We joined FFS to validate our existing work towards investors, and make sure we are fully prepared to raise capital. We're hoping that the program also prepares us in selecting the investors that are the best match. The first session impressed us, looking forward to the rest!
Peter Lirvall from Boxeez
This program will boost your funding journey and save lots of time in preparation.
Raluca Meyer from Viral Captis AS
We have joined the Startup Program to learn, from the best professionals, how to prepare ourselves, and the company, to meet our future investors. We have learned a lot from the program, and the speakers invited. A big thanks to the organisers, who have been such a great help! We highly recommend it to all the startups!
Read more about Fundraising For Startups
In partnership with
Contact person
Even Ifar Fossland
Startup Manager
even@startupnorway.com
+47 98006594
