Entreprenörskap October 23, 2014

5 ways to boost your STING Accelerate application

Thinking about applying to the next batch of STING’s accelerator program? Here are 5 useful tips to improve your chances of getting chosen for the program:

Tove and Janna, founders of Competencer, pitching at Demo Day.

1. Show us that you have a strong team
STING invests in people, not companies. One thing that truly impresses us is an experienced team with complementing skills. Show us that your team represents business, marketing and sales competencies, as well as a solid set of techies.

2. Think visual
Another thing that excites us – and makes you stand out – is video. Tell us about your team and business concept in a three-minute video pitch. We promise we won’t pay attention to production quality; it is the content we’re interested in.

3. How will you make money?
Explain to us how your business will scale. How will you make money? We love to see traction. Who are your customers and what do they say about you? Show that you have a deep understanding of your market, as well as your strategy for how to meet the need of that market.

4. Show a global focus
Our mission is to help entrepreneurs to build international companies. For that reason, it’s essential that you have your sights set on going global from day one.

5. Put effort into your application and do your homework
Take the time to answer each question carefully, spell check, include images and produce a short video. In other words: fill out the application form properly. Equally important is doing your research. Do you know what STING – and STING’s accelerator program – is all about? We want you to feel that this is the right fit for you and your startup.

And last, but not least; apply before midnight on May 10.

Visit sting.co/startup-program/sting-accelerate for more information about Sting’s accelerator program and the 300,000 SEK investment.

Best of luck!

Internet/media December 4, 2013

Tuesday lunch break with Henrik Lenberg

On Tuesday (Dec 3), the FastForward startups caught up for lunch with Henrik Lenberg, former VP at SoundCloud. During two years in Berlin, and two in San Francisco, Henrik was part of the core team that turned the music platform into its current state.

Now back in Stockholm, Henrik’s got his sight set on establishing his own music creation startup. The ex-Soundclouder also regularly coaches and teaches, to inspire and encourage other entrepreneurs.

Here are some of the insights Henrik shared with us:

Quit your job
“I think people should be faster at leaving their jobs and trying something new, when they feel they’re not doing the right thing.” Henrik is indeed a man of his own word. When he felt he was ready for a new challenge, and wanted to move back to Sweden, he picked up his things and left his position at SoundCloud

Start with why
Initiate a sustainable vision, or ideology, before establishing a business, is another great advice from Henrik. Most successful startups didn’t have a clear plan for becoming billion-dollar companies when they started. Focus on solving a problem that you care about, and have a clear “why” behind the business idea and concept

Think big but start small
According to Henrik, it’s important to steer away from thinking too big too fast. Having said that, a strong ambition is crucial, and there’s nothing wrong with an overarching goal of taking over the world – at some stage. Being a big advocate of the lean startup model, Henrik points out that a startup doesn’t need to have a crystal-clear idea initially. Rather, that’s a part of the iteration process, and will probably change over time.

A good team is your most valuable asset
This is perhaps of no surprise to anyone. Finding the perfect team is an enormous challenge. “If you’ve got a great little team, that is willing to commit, work together and start up a business together – but simply unsure of what kind of business – just get on with it!” A strong team is an incredible asset. Henrik discusses this further on his website: “I believe a great team is usually more valuable than a great idea, and that great ideas usually come from great people working on problems together.”

Make sure you’re geared up
Starting your own business inevitably means you need to be ready for it – on all levels. Somewhat financially, but most important: mentally. Persistency is an important skill shared by all successful entrepreneurs. Once the business starts moving, the energy and full attention has to be there every day, all day – from the entire team.

During the lunch, Henrik mentioned the following books for everyone involved in building a startup:

The Lean Startup by Eric Ries (mandatory reading)
Notes from Peter Thiel’s startup course at Stanford (brilliant explanation of venture capital, and other startup topics)
Inspired by Marty Cagan (the bible on software product management)
Here Comes Everybody by Clay Shirky (among other things, it discusses power law distributions users)
Bret Victor Talks (fascinating videos)

Thanks Henrik for coming over. Good luck with your startup, we look forward to seeing more of you and your creations in the near future!

NEWS August 28, 2014

Time to apply for Startup ICT!

Do you have an innovative business idea targeted at an international market? Are you a researcher, innovator or entrepreneur and are wondering if you should develop your idea or are unsure how? Then you should apply to Startup ICT.

Startup is a free-of-charge practical training program to help you formulate and sharpen your business model and get a solid platform before starting your business. The program includes five evening sessions during October and November.

> Apply here