The Norrsken Impact Accelerator, Stockholm, Sweden has opened applications. This program offers support, mentorship, and funding of US$125,000 to selected early-stage startups around the globe.
In 2016, Norrsken was founded by Niklas Adalberth (one of the founders the Swedish fintech unicorn Klarna). Its mission is to assist entrepreneurs in solving the greatest problems of the world. Its ecosystem includes Norrsken House which is a coworking space for more than 350 impact entrepreneurs in Stockholm, as well as the Norrsken Founders Fund and Norrsken VC.
Disrupt Africa reported that in 2019, the foundation had opened operations in Kigali (Rwanda), which it stated it intended to use for investment across the East and Central African regions. Last year, it admitted 11 African startups into the inaugural edition the Norrsken Impact Accelerator.
African companies are invited to apply again for the 2022 edition. This accelerator is designed to identify the most promising impact startups around the world and scale them. The programme offers mentorship from over 50 investors, entrepreneurs and unicorn founders. It also includes an eight-week growth acceleration at Norrsken House, Stockholm. Each startup receives a US$125,000 pre-seed or upfront investment from the Norrsken Foundation.
We ask ourselves constantly if this company is solving a real problem. We only care about business models that combine profit and impact. Funda Sezgi (Norrsken Impact Accelerator managing Director and co-founder) said that it should be the reverse of “if we buy one pair, we’ll give away another pair to Africa”.
“We are looking for startups with the potential to create lasting, generational positive changes in the world and simultaneously build successful, scalable businesses.”
The 20 participating companies have raised over US$17 million in seed and pre-seed funding since being accepted into the 2021 program.
The here application period runs from February 1st to February 31st.