Propagator 02 kickstarts with a 2-week bootcamp August 2022
Do you want to be part of Propagator 02?
Who can apply and what are the terms?
All early-stage/seed start-ups that have an innovative solution and are scalable are more than welcome to apply for Propagator. But to be considered for a spot, the start-ups should meet the following requirements:
Who can participate?
Start-ups must have a business proof of concept and a product or service with a market fit, viable commercialization, and scope of scaling.
Technology should be part of the start-ups core product or service, or business model, or distribution model, or methodology to solve the problem being targeted
Preference will be given to startups creating innovative solutions in sectors such as software and digital solutions. However, Propagator is not limited to any specific industries.
Propagator does not invest in DeepTech startups that involve heavy machinery/hardware equipment or need long lab research process to commercialize their products or services.
The Propagator program begins with a Bootcamp - free of charge. For the start-ups accepted for The Program this is the terms and conditions:
Each start-up receives 600 tDKK in share capital from the fund behind the Propagator program. The investment is released in two tranches, first tranche when starting and the second after 3 months if reaching KPIs. The fund will in return acquire between 1,5-15% in share capital (fully diluted), which equals a valuation of 4-40 mDKK
If the start-up does not receive the second tranche, the fund will only receive half of the share capital
The start-ups will pay a program fee of 100K DKK for the first 3 months, and an additional 100K DKK for the remaining 6 months, covering partly the cost of the program provided by Propagator
The start-up is offered office space in the heart of Copenhagen (Nørre Voldgade) for DKK 1,995 excl. VAT / month per person.
The fund offers to match up to 600 tDKK in new equity investment. If, for example, 600 tDKK is obtained from external investors, the fund matches this, which will give a total investment of 1.2 mDKK. The matching investment is made on current terms and must be approved by the investment manager in the fund
All start-ups have the opportunity to buy back up to 1/3 of the subscribed equity - within the first 24 months from the start of the program. The price is set at 10 times the original subscription price
All start-up companies must be established as an ApS, A/S or similar non-Danish limited company structure when they receive investment
Propagator will actively work on securing additional funds for the start-ups when part of the Program.
Propagator will actively introduce start-ups to a comprehensive Business Angel network to support additional funding
Propagator provides access to an international network through its partners and collaborators
Submit your pitch
Apply here, if you are interested in being a part of Propagator 02 August 2022
It creates growth to learn new things. That is why you can get 20.000 DKK from Iværksætterpuljen to cover your tuition fee for our Bootcamp 01. That means you only have to pay 5 000 DKK, if your application goes through.
To be able to apply for the Iværksætterpuljen, you must be able to meet the following requirements:
Have no more than 5 employees
You need a VAT no.
As the owner of the company, you must be the one who participate in the course and apply for reimbursement
Your company must be max. 5 years old (from the date of foundation registered on virk.dk)