The Norrsken Impact Accelerator in Stockholm, Sweden, is now accepting applications for selected early-stage entrepreneurs from around the world to receive assistance, mentorship, and US$125,000 in investment.
Norrsken was founded in 2016 by Niklas Adalberth, one of the founders of Swedish fintech unicorn Klarna, with the goal of assisting entrepreneurs in addressing the world’s most pressing issues.
Norrsken House, a co-working space in Stockholm for over 350 impact entrepreneurs, the Norrsken Founders Fund, and Norrsken VC make up the ecosystem.
African businesses are being encouraged to apply for the accelerator’s 2022 edition, which is aimed to uncover and scale the world’s most promising impact enterprises.
The program involves an eight-week growth sprint at Norrsken House in Stockholm, as well as mentoring from a group of more than 50 entrepreneurs, investors, and unicorn founders.
The Norrsken Foundation provides US$125,000 upfront seed or pre-seed funding to all entrepreneurs.
“We ask ourselves all the time if this company is tackling a real problem. We’re only interested in business concepts that are truly inseparable in terms of profit and impact. It should be the polar opposite of “if you buy one pair of shoes, we’ll give you a free pair to Africa,” according to Funda Sezgi, managing director and co-founder of Norrsken Impact Accelerator.
More than US$17 million in seed or pre-seed funding has been raised by the 20 companies that were approved into the 2021 program.
Visit the website to apply or for additional information.
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