Test Drive Deeptech
Sting Test Drive Deeptech is for people who are ready to build a company that uses cutting-edge advanced technology to solve big societal problems. Application deadline is 17 October.
It’s time to realize your technology’s full potential
Sting Test Drive Deeptech is a series of practical workshops for people with early-stage startups or ideas that use advanced technologies to create a positive societal impact. During the deeptech test drive, you’ll learn how to build a successful business in this space and get hands-on support from experienced business coaches. The program has been designed in partnership with KTH Innovation.
What do we mean by deeptech?
“Deeptech” encompasses advanced technologies that address important societal problems with new, difficult-to-copy technical solutions. This can be in the fields of biotechnology, new materials, artificial intelligence, energy technology, robotics, AR and VR, to give a few examples. Your idea must be applicable to an international market and have potential to scale globally to be accepted onto the test drive.
Theory mixed with practice
The Sting Test Drive program intersperses theory with practice. Experienced entrepreneurs and deeptech experts will work closely with you to help you move forward with your idea. The program is based on lean canvas, a strategic template for developing business models and a popular tool used by entrepreneurs worldwide.
We’ll place a special emphasis on the challenges that research-based and other deeptech startups often face. The program consists of five evening workshops, and between them, you’ll be given some tasks to complete and receive individual support from Sting’s experienced business coaches. At the end of the course, everyone will present their companies and nominate a winner for best pitch.
What others say about us
Test Drive was the trigger that made me decide I wanted to build a company. I learned a systematic method on how to iteratively assess my business ideas − starting by 'getting out of the building'.
The deeptech coaches have both strong technical and business backgrounds that have been invaluable for us to precisely draw our business strategy.
Sting helped us grow significantly faster. Over the past six months, we’ve expanded our team, secured funding and have more than ten prospective customers.
The program focuses on business-critical areas including business models, sales strategies, entry barriers, internationalization, financing options, and leadership. All of the workshops start at 17:00 and run for 3-4 hours.
Workshop 1: Startup challenges – 28th October
– Lean Canvas
– Startup challenges
– Customer segment
– Customer meeting
Workshop 2: The crying customer – 11th November
– The crying customer
– Value proposition
– Minimum viable product (MVP)
Workshop 3: Making business out of breakthroughs – 18th November
– Barriers to entry
– Two careers in parallel
– Success stories
– Management of expectations
Workshop 4: Financing for deeptech startups – 25th November
– Financing deeptech startups – specific challenges
– Lean in practice
Workshop 5: Grand finale – 9th December
What: Four hands-on workshops plus a grand finale pitch event.
Where: The workshops will take place on-site at KTH at 17:00 and run for 3-4 hours. We will ensure there is ample room for social distancing.
Timeline: Application deadline 17 October. Acceptance notification latest 25 October. Mandatory workshops 17.00-20.00 on 28th October, 11th, 18th and 25th November and grand finale on 9 December.
Who can apply: The program was created for teams with an innovative business idea or startup that’s based on a pioneering deeptech solution. We welcome people working across all industries, but your solution must have international growth potential. We like to see mixed-gender teams that consist of 2-3 people. Teams from anywhere in Sweden are welcome to apply.
Cost: Sting test drive is completely free. Your only contribution is your time and a burning commitment.
Admission: 10-12 companies/projects are accepted for each test drive.
Secrecy: All participants and organizers sign a confidentiality agreement. No information about the business concept, technology or participant names will be shared outside the program without your consent.
Meet your deeptech coaches
Sting Test Drive Deeptech is run by experienced entrepreneurs and deeptech experts who have helped build and scale many successful deeptech ventures.
Sting Test Drive Deeptech is run in partnership with KTH Royal Institute of Technology.