Price FAQ
So how much does it cost?
We have and will continue to work hard to secure public funding and make sure that we negotiate deals that favor YOU. Therefore we have landed on a price for participation of DKK 100,000 per company with two participants.
I am a spacious text
We believe this is a smoking good deal, and we will make sure that you get a bang for your buck!
I am a spacious text
But still, some may ask:
Couldn’t I just come to Silicon Valley for 3 months, and just start from scratch, on my own?
Yes, you could. Finding a hotel and an incubator to work from, is fairly easy - which would probably all together cost you far less than DKK 100,000.
I am a spacious text
However, what we bring to the table is much more than that. We bring knowhow and guidance, we bring mentors, office facilities, external and organized events, transportation, organization, and much more. In Denmark we prepare you to come to Silicon Valley, and work with you to plan your stay here. With help from experienced Silicon Valley experts, we have designed a program to optimally scale your company and significantly reduce your risk.
I am a spacious text
Each startup will from the beginning of their stay, be assigned a team of mentors. These experienced people are there to help you grow - and they come as part of the program.
I am a spacious text
Because we have been around Silicon Valley for a long time and know the good places, we have found a number of possible great places for you to work from. We are also committed to finding and paying for the best events for you to participate in including a great number of events and workshops tailored specifically to you.
I am a spacious text
And finding investors can be hard - especially on your own. We will plan special investor events for the startups participating, and we will through workshops in both Denmark and in Silicon Valley to prepare you for these meetings. U.S centered pitch, pitch deck and executive summary. You will get that.
I am a spacious text
A continued U.S. presence is important. For that reason we are offering 1 year of free mailing address at Innovation Center Denmark - with access to meeting facilities.
I am a spacious text
The SCALEit team will be dedicated to YOU for 3 months. We will be sharing, caring and building your company together with you. And we will put you into a structured environment, where you on an everyday basis, will have ‘colleagues’ who are trying to do the exact same thing that you are.
I am a spacious text
Last but not least, unlike most accelerators ask for equity for participation. When you have completed the SCALEit accelerator program you still own 100 % of your company (unless a new investor comes on board during your stay!)
Where does the money come from and what are they spent on?
SCALEit is backed by two ministries; the Ministry of Foreign Affairs and Erhvervs- og Byggestyrelsen.
I am a spacious text
The money is estimated to be spent as follows:
I am a spacious text
Preparational workshop in Denmark: 8%
Incubation: 12%
Events and conferences: 15%
External consultants/mentors: 30%
Innovation Center Denmark: 20%
Misc (workshops, catering, transportation etc.): 15%
It’s a government program, how come you do not take care of all costs?
Put simply; we do not have the funding for all expenses to be covered by the government.
I am a spacious text
But we also believe that payment is a form of validation and that it will ensure the right commitment from the participating companies.
I am a spacious text
We are also certain that most companies ready to participate in SCALEit are at a stage where they can afford to spend DKK 100,000 as a part of their International Scale Strategy.