Sting Accelerator

Stockholm Innovation & Growth

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This acceleration program is aimed to ramp up businesses and focus on sales

Use: Go2Market;
Date closing: November 24, 2021
Amount: 500,000 kr - 500,000 kr
Industry focus: Agriculture, Forestry, Fishery; Arts; Tourism; Health; ICT; Food; Manufacturing; Chemical industry; Construction; Education; Energy and water supply; Transportation; Media; Others;
Yearly operations: 16
Total budget: 8M kr
Entity type: Accelerator
Vertical focus: all
Website: https://sting.co/

Status:
Open
Funding type: Equity investment;
Geographic focus: Sweden;
Public/Private: Public/Private
Stage focus: Seed;
Applicant target: SME;

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Overview

Sting is an accelerator for startups. They are a non-profit organisation, owned by a public-private foundation. This makes them an independent, founder-centric player who always acts based on what’s best for your startup.

They offer qualified coaching in business development, a business angel network, a venture capital fund, a recruitment service, and an international network of investors, business contacts and experts.

-Admission: 2 batches per year, 8 startups per batch Length: 4 months (Feb-June and Sept-Jan)

-Cost: 2% warrant issued to Sting Holding Investment from Propel Capital: SEK 500 000 convertible note (in addition to Sting’s 2% warrant).

-Requirements: Launched MVP and can show traction. Founding team of minimum two people.

Their verticals include health tech, climate tech, digital and deep tech.

Applicants willing to apply for the programme can do it by following this link.

Portfolio: Symbiosis, LegiMeet, Fill, Parently.

Last updated on 2023-03-22 12:08