SCALEit is a new startup accelerator program aimed towards entrepreneurs in Denmark. The program is looking for 10 of the most promising Danish tech startups to take to Silicon Valley for an all-inclusive 12-week crusade that will help the companies set up a US presence, create strategies for the US market, become investor ready and ultimately compete on a global level.
During the three-month program, SCALEit will provide the selected startups with everything from knowhow and guidance to mentors, office facilities, transportation, events, workshops and investor meetings. Unlike most accelerators, SCALEit will not ask for equity from the participating companies but taking part in the program does cost 100,000 DKK per startup.
SCALEit is a two-year pilot project that has been set up by Innovation Center Denmark and startup consultancy Yggdrasil.me. The program is partly government funded and also part of Denmark’s larger plan of becoming a leading knowledge-based economy by 2015. During the next two years, SCALEit will engage more than 1000 entrepreneurs in Denmark, bring 75+ startups to Silicon Valley for a one-week camp and put 30+ companies through the 12-week accelerator program.
The first batch of SCALEit startups will go to the Valley in the spring of 2012 (March 19th to June 8th). The application deadline for the program is January 9th, 2012.
Interested? Find out more about the program here.