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Growth space for beneficiaries of the Technology Development Fund

Thrive are workshops and mentor programs for Start-ups – and Growth Beneficiaries in collaboration with the Technology Development Fund.

Workshops and mentor programs

Thrive are workshops and mentor programs for Start-ups – and Growth Beneficiaries in collaboration with the Technology Development Fund.

Thrive is exclusively for those who have been allocated a grant in the Category Of Start-ups or Interest from the Technology Development Fund. Funding is applied for on the Technical Development Fund's website.

About thrive

In the autumn of 2021, the Thriving Project began and it was run as a pilot project. Thrive meant that the Technology Development Fund commissioned KLAK to receive the beneficiaries who received a start-up in the Fund's Spring Allocation and follow them up for 6 months. 

Thrive has since grown and is now for all those receiving grants in the Start-up and Growth category, and Thrive has evolved into a 4-month growth space consisting of workshops and organized mentor meetings. 

The Mentora arrangement is built in partnership with the MIT Venture Mentoring Service and is based on each beneficiary receiving two to four mentors that they meet regularly over the period of Thrive. The beneficiary meets all his mentor at the same time and thus receives his/her advisory group. 

The goal of Thrive is to increase the performance of the companies that receive funding from the Technology Development Fund.

Arrangement

Those who receive a Start-up or Growth Grant from the Technology Development Fund will be invited to participate in Thrive. 

Thrive for those receiving spring allocation funding starts in September and ends in January. Workshops are on the first Thursday and Friday of every month, September to December. Thrive concludes with a presentation from all beneficiaries before the Board of Directors in January. 

Thrive for those receiving funding in autumn allocation starts in February and ends in June. Workshops are on the first Thursday and Friday of every month, February to May. Thrive concludes with a presentation from all beneficiaries to the Board of Directors of the Fund in June. 

Between workshops, beneficiaries are expected to carry out realistic tasks that help them achieve progress. Beneficiaries meet the mentors between workshops, so each beneficiary is expected to meet with their advisory group four times. 

Contacts

Freyr

Freyr Friðfinnsson

Project Manager KLAk freyr@klak.is

Sigga Heims

Rannís sigridur.heimisdottir@klak.is