Do I pay for Sting’s services?

Any money we make from these shares further down the line simply helps us continue to support new startups and keep the Nordic startup community thriving. 

• Providing a world-class startup ecosystem to support local entrepreneurs has always been our ultimate goal, and with this model, you’re also paying it forward.
• The warrant for the Incubate program corresponds to a flat rate of 2 % of the shares for 6 month period of participation in the program; meaning 6-18 months with en option on 2-6% (2+2+2% per 6 month period.) You can choose how long you partipate in the program.  
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• The warrant for the Accelerate program corresponds to 2 % of the shares for participation in the program.

• The warrant (and the corresponding shares if Sting has exercised the warrant) will be diluted when you, the company, raises capital. When the company grows and the founders potentially sell the company, Sting also gets paid if Sting decides to sell the shares. If Sting does not subscribe for the shares from the warrants, a cash payment will be paid to Sting at of minimum of 5 000 EUR.

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It’s important to note that the warrant is separate to Propel Capital’s convertible terms.

Read more about Propel Capital.

More details about the Sting Agreements here.