Danish Tech Challenge – we accelerate hardware startups
What is Danish Tech Challenge?
Our main purpose in Danish Tech Challenge is to help hardware startups accelerate. We work with 20 startups every year. Most are in the B2B space, most are working to find product-market-fit and most are quite early-stage.
Who can participate?
We work with startups who build solutions that have the potential to change the world. We work with startups who are ready to enter the market and keen to commercialize their product.
To do this, we create programs tailored to the needs of the specific startup.
You get 1:1 sparring with a focus on your company. We host workshops throughout the acceleration. We provide your team with the best possible framework for growth; Futurebox. We’ll put you in front of relevant investors, give you access to our entire network, help you expand your team, find the right board and find product market fit. We’ll put you in front of relevant mentors, give you access to a workshop to build your product and connect you with our talented alumni.
In other words, we will help you grow your company.
One of the 20 companies participating in Danish Tech Challenge will win 500,000 DKK. At the end of the program, 10-12 companies will enter into a semi-final, and six of these will move on to the final. These six companies will pitch at an Award Show hosted in January, in front of more than 250 guests.
Where does it happen?
Danish Tech Challenge takes place in Futurebox. Futurebox is the no. 1 place to be, if you’re a hardware startup. We’re based at the DTU campus close to research, technology development, a thriving student startup environment and right amongst all the innovative companies based at DTU Science Park.
What can you expect?
- 1:1 sessions every week, working with our business and product developer
- Workshops on B2B sales, online marketing, product development, pitch training, finance and legal and much more.
- A dedicated mentoring team, based on your specific challenges
- Help from all our partners with anything you need
- A chance to pitch to investors, find new team members, advisory board members or anything else you’ll need to improve your company
- A trip abroad with the other participants; in 2019 we’ll be going to Tel Aviv
- Participation in two large events with more than 400 people attending
- Sitting with the most talented hardware startups in Denmark in the best possible location and entering into a strong alumni network with 100 companies
- A dedicated team to help you every day
Everything has been for better than what we could have ever hoped for. We are grateful for the help we have gotten from DTC. There have been a lot of interesting workshops, conferences and partnerships. But the greatest thing have been sitting together with the coolest companies of DK and having Camilla, Jan and Morten available for advices all the time.Former DTC participant
- Q: should I apply?
A: Yes! But you need to have a Danish CVR number. If you don’t have one already, we can help you.
- Q: Can I apply to Danish Tech Challenge if I don’t have a hardware product?
A: Sorry, no! Danish Tech Challenge is only for companies with a hardware product.
- Q: How do you define hardware?
A: Anything that is not purely digital or a service.
- Q: Can I have a job while being in Danish Tech Challenge?
A: Of course you can! However, we expect your startup to be your main focus.
- Q: We’ve been working on our startup for a while, should we still apply?
A: Yes, indeed.
- Q: We already have a working prototype – can we still apply?
A: Yes! We both accommodate brand new startups and the ones with a bit more experience.
- Q: I’m a solo founder, can I apply?
A: Yes, of course. However, if you get in, we’ll probably try to push you to get a co-founder. Because being on your own is tough. That being said, we’ve had several solo founders in the programme who have done really well.
- Q: When is DTC?
A: Officially from August to December, but we like to get to know you before we begin. In that way, we are much better equipped to help.
- Q: Who can participate?
A: Anyone with a hardware product. We don’t discriminate by age, gender, university (or degree), background. In fact, the more diversity, the better.
- Q: How do you handle confidentiality?
A: This is a safe space and we never share your information without consent. However, Futurebox is an open space and there are a lot of people walking in and out of the building. So, if you have very sensitive information, consider when and where you share that information.
- Q: Do I pay or give up equity to be in the programme?
A: No, it is all free.
- Q: Do I get any funding during the programme?
A: We’re happy to connect you to investors, but we don’t do funding ourselves.
- Q: Will I get my own office?
A: No, but you will get your own desk. Futurebox is an open space, because we believe collaboration calls for close proximity.
- Q: Is attendance required?
A: Yes, attendance is mandatory for the meetings and common gatherings.
- Q: Do I have to move in?
A: No, you don’t have to move in. But we recommend you to do so. You’ll benefit much more from the programme, the team and the other startups if you’re here on a daily basis.
- Q: What does it take to win Danish Tech Challenge?
A: We do not want you to see it as a competition, but as an accelerator programme. It takes a huge amount of dedication throughout the programme. You need to build a relevant team, a working prototype and a solid business model.
- Q: Who decides who win?
A: We have an external jury, mostly made up of tech experts and investors. The DTC team have no say in who the winner is.