Brooke Illummont     Fast Track Malmo   |   Startups     🕐 26. Sep. 2017
Two weeks ago Fast Track Malmö, was voted best accelerator in Sweden - now they’re looking for the next startups to join the program.
With new businesses popping up everywhere in Scandinavia, there is a lot to gain from joining an accelerator program, like Fast Track Malmö.
The accelerator has previously secured record interest, being the most popular accelerator in Northern Europe with more than 460 applications. Despite the big number of applicants Fast Track Malmö only works with batches of 5-8 startups at a time, with each company receiving mentoring and up to 500 000 SEK in investments from the fund Fast Track Capital. Startups which previously have participated in the program include: Ari.Farm, StudyBee and SceneThere, award-winning startups in farmtech, edtech and VR, respectively.
The managing director at Fast Track Malmö, Joel Larsson says “We were the most popular accelerator in the Nordics, when we launched the second batch earlier this year, and being named the best accelerator in Sweden was a bit like the cherry on the top. We’re now focusing on strengthening the program even further”.
The accelerator is powered by Minc, ALMI Invest, Malmö Startups and Invest in Skåne, all of which work to help startups succeed at an international level.
The program includes
The Fast Track Malmö program includes helping startups with a high ambition to find and receive the right mentoring as well as:
Investment: All the startups accepted to the program receives a convertible note of 300,000 SEK when they join, with a possibility to receive 200,000 SEK more during the program.
Legal documents: Help with all legal documents such as term sheets and Shareholders’ agreements will be provided.
Office space: Being part of the program, the startups will receive free access to office space at the Malmö startup house, Minc.
Meeting Investors: By the end of the program different European investors, carefully selected Business Angels, and Venture Capitalists, will be invited to Malmö, where the participants in the program will be able to pitch them in order to secure future investment.
Larsson says: “It has been important to us to have an international perspective right from the start“... ”During spring, we had over 100 investors visiting from around the world, giving the companies good feedback and the ability to build their network of contacts”.
Fast Track Malmö has now opened up for applications for the third round of startup applicants. The batch is expected to start in early 2018.
Learn more about the program here.
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