Applications are now open for the TINC business accelerator, with the application deadline being August 5th. Icelandic startups with international ambitions now have the opportunity to secure a place in this accelerator by Innovation Norway in Kísildalur.
TINC is a six-week hybrid accelerator developed by Innovation Norway and run in collaboration with Vinnova, Business Finland and KLAK – Icelandic Startups. The program begins with introductory days in Oslo in September, continues with teleconferences in the fall, and concludes with an extensive program in Kísildalur in November. Participants are given access to experts and investors from one of the most competitive innovation environments in the world. The focus is on sharpening product-market fit, business models and growth potential, and a total of 278 Nordic technology companies have already gone through the accelerator.
The accelerator is designed for teams with a prototype or MVP already in place. It requires that seed funding is in place and the active participation of one to two managers is expected. Participation not only offers valuable guidance, but also builds a strong network of Nordic entrepreneurs. Participants are guaranteed access to mentors, investors and partners in Kísildalur that might otherwise be difficult to access on their own.
The importance of this platform has been demonstrated by the successful participation of Icelandic companies such as uiData and PLAIO, both of which have shared their experiences with the Icelandic startup community. It is pointed out that the biggest obstacle for Icelandic startups is often not the idea itself, but the path to a foreign market. By participating in TINC, teams are given easy access to the international market and valuable relationships in six weeks.
Applications are submitted via the Icelandic application form and further information can be found on the Nordic Innovation House website. Interested teams are encouraged to get started, as the deadline is August 5th.