|Type||Accelerator / Incubator|
Sealand Incubator focuses on promising startups within the field of IoT (Internet of Things). Their own definition of IoT is the combination of software and hardware. A company can apply for the program, as long as it has IoT as part of its foundation.
The incubator is created by the Danish investment company Sealand Capital. Sealand Capital was founded in 2008 and is based in Copenhagen. The incubator builds upon mentoring from a roster of experienced business profiles.
Funding is divided over two segments, providing € 10,000 for a production-market fit and € 100,000 for market entry. Apart from capital, they also offer mentorship, business modelling, go-to-market execution, office space, 3D-printing, product design support and administrative service.
You apply for the program by sending them an email with a brief description of your team, market, and product. The program is divided into three steps of 1-month try-out, 6-month product-market fit, and 12-month market entry. While the 1-month try-out period is free, the following two steps cost 5% equity and 25% equity respectively.
It is important that your team is focused and ambitious. During the program, all founding members have to be able to re-locate to Copenhagen and fully commit to the project.
As your initial application is restricted to one page, be sure to point out the strength of your team and your potential to reach a global market. The description of your product should focus on how it qualifies as IoT and its implications for the life of everyday people.
Not publicly disclosed.
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