Accelerate
Take your startup from MVP to pre-seed readiness in just four months. Application due: May 17th 2024
<p class="display-6">Expect a high-paced program with 4-months milestone plan and a lot of opportunities for peer-to-peer exchange and learning. Your individual Sting coaches have long entrepreneurial experience and will challenge you to aim higher and reach further.<p>
At Sting Accelerate, you’ll:
- Develop you and your team faster
- Secure a 500k SEK investment from Propel Capital
- Position yourself and your startup to be optimally prepared for pre-seed or seed investments.
- Work through structured sprints and milestone plans, with weekly coaching to keep you accountable and motivated.
- Get a seat at Sting's coworking space in A house and surround yourself with a community of fellow founders and industry experts.
- Attend weekly workshops, meetups, peer-to-peer events, and masterclasses to build your skills and knowledge in legal, financing, team & talent, marketing, growth, and product development.
- Tap into the expertise of mentors and advisors in these areas, who will work with you one-on-one to overcome challenges and achieve your goals.
- Participate in Demo Day, our event where you'll showcase your startup in front of a room full of investors, followed by a celebratory party to mark your achievements. This is a great opportunity to network, showcase your hard work, and potentially secure additional funding for your startup.
- Join a lifelong community of fellow founders and industry experts, and get ongoing support, resources, and networking opportunities.
Hard facts
Length
4 months (Feb-Jun and Sep-Jan)
Next program start
September 9, 2024
Next application deadline:
May 17th, 2024
Admission
2 batches per year, 8 startups per batch
Investment
Seed Investment of SEK 500 000 convertible note (in addition to Sting’s 2% warrant).
Requirements
- Launched product and can show traction
- A founding team of minimum two people, working 100%
- Product or solution based on a scalable innovation and solving a big important problem.
- Ambition to build an international growth company.
- Incorporated Swedish AB, team presence in Stockholm during program
<p class="display-6">Expect a high-paced program with 4-months milestone plan and a lot of opportunities for peer-to-peer exchange and learning. Your individual Sting coaches have long entrepreneurial experience and will challenge you to aim higher and reach further.<p>
At Sting Accelerate, you’ll:
- Develop you and your team faster
- Secure a 500k SEK investment from Propel Capital
- Position yourself and your startup to be optimally prepared for pre-seed or seed investments.
- Work through structured sprints and milestone plans, with weekly coaching to keep you accountable and motivated.
- Get a seat at Sting's coworking space in A house and surround yourself with a community of fellow founders and industry experts.
- Attend weekly workshops, meetups, peer-to-peer events, and masterclasses to build your skills and knowledge in legal, financing, team & talent, marketing, growth, and product development.
- Tap into the expertise of mentors and advisors in these areas, who will work with you one-on-one to overcome challenges and achieve your goals.
- Participate in Demo Day, our event where you'll showcase your startup in front of a room full of investors, followed by a celebratory party to mark your achievements. This is a great opportunity to network, showcase your hard work, and potentially secure additional funding for your startup.
- Join a lifelong community of fellow founders and industry experts, and get ongoing support, resources, and networking opportunities.
Hard facts
Hard facts
Length
4 months (Feb-Jun and Sep-Jan)
Next program start
September 9, 2024
Next application deadline:
May 17th, 2024
Admission
2 batches per year, 8 startups per batch
Investment
Seed Investment of SEK 500 000 convertible note (in addition to Sting’s 2% warrant).
Requirements
- Launched product and can show traction
- A founding team of minimum two people, working 100%
- Product or solution based on a scalable innovation and solving a big important problem.
- Ambition to build an international growth company.
- Incorporated Swedish AB, team presence in Stockholm during program
Words from our founders
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Propel Capital Investment
Secure a 500K SEK investment from Propel Capital.
Financing
Sting provides startups with access to experienced professionals to help create optimal fundraising conditions.
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Office space
You get free office space at Sting’s office in A house for up to 6 months while you are in the Sting program.
Business Development
You get a dedicated and experienced Sting coach who works closely with you and your team, several hours per week, and both challenges and supports you on all critical business activities.
Industry mentors & external experts
Not only do you get weekly coaching from your Sting coach, but also from external mentors and expert coaches, hired by Sting, who are true wizzes in their fields.
Marketing, PR & communications
Sting provides startups with access to experienced professionals to help create optimal fundraising conditions.
Partners & Perks
We’ve negotiated a range of special offers worth over SEK 1 million that you can access after joining Sting.
Recruitment & team development
After working with more than 400 startups, we have learned how to recruit and develop a successful team. You get access to two coaches to help you succeed in this area.
Network & community
You gain access to the most developed investor network in Europe as well as a large network of business contacts, both Swedish and international, which Sting has built since 2002.
Have any questions?
Browse through the FAQs to gain insights and clarity on various topics related to our organization.
We will review your application after the application deadline has passed and get back to you within two weeks. Between 10 to 12 projects are accepted to each round.
At the first workshop, all participants and organizers sign a confidentiality agreement. No information on the business concepts, technologies or names of participants may be spread outside the program without the consent of the participant in question.
Sting is Scandinavia’s leading tech startup incubator and accelerator. We have over two decades of perfected gathered experiences in guiding high-potential tech founders on their journey to becoming global successes.
Late applications are those submitted after the application deadlines (typically June-Sept or Dec-Jan).
If you submit an application after the deadline, your application is automatically tagged as “late”. You will still get evaluated based on your merits, but late applications are generally competing for fewer slots, which means it will get harder to get accepted the later you apply. It will also take longer for us to get back to you, as the process is already ongoing.
We do our best to get back to you as soon as possible, however it depends on the availability of the coaches. Also keep in mind that late applications are often coming in during holiday periods, which may slow down the response time even more. But please be patient, we will email you as soon as your application has been reviewed.
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