Questions & answers
A Finnish idea or pre-seed stage sustainable tech startup team with a world class business and/or product idea. Looking for right contacts, money and customers for their business. Your company has to be established not later than 1st of September 2022.
In 2023 our goal is to open PALO program to Nordic and Baltic startups offering world changing technologies.
New partner to your team, with capital, contacts and customers. Money to kickstart your business, hands-on business coaching from top notch mentors, customer contacts and your growth road map ready for next funding round.
Professional level valuation and feedback on which direction your team should be heading.
In our autumn 2022 batch, we accept 10 most promising sustainable tech companies to join the program.
Innovestor invests 50k in each startup. Thus, we will be part of the startups’ journey also in the future.
Our aim is to support you through the program and beyond.
You have found hands-on VC partner to your team, your next client, pilot partner, follow-on investors, advisors or perhaps all of these.
The four program workshops are live meetings in Helsinki.
The form of Growth Board meetings can be agreed between attendants.
Four workshops (whole day):
Thu 6th of Oct – Kick Off Day
Thu 27th of Oct – Workshop 2
Tue 22nd of Nov – Workshop 3
Wed 14th of Dec – Deal Day
+ Thu 9th of Feb 2023 – Follow-up Day
Altogether 4 Growth Board meetings to be held between workshops (3 hours):
Thu 13th of Oct – Growth Board 1
Wed 2nd of Nov – Growth Board 2
Tue 15th of Nov – Growth Board 3
Thu 1st of Dec – Growth Board 4
This is one of the key benefits of the program, so we are thrilled to share more information about it. We give you access to our corporate network. We will invite the most relevant corporations to participate in your process, based on your individual needs. This happens in two phases:
1. We have invited a team of corporations to give feedback about to the program applicants (before the final selections).
This way we can ensure that there’s already some traction between corporations and the teams before the program kick-off.
2. Together with you, we identify 3-5 corporate brands, that you could be a strategic match with. Innovestor contacts the relevant ones and as an established VC in innovation market, builds the bridge between you and the selected corporation.
We have invited a team of corporations to evaluate program applications together with us. Like us, they are passionate about founding the next big innovation in sustainable tech and hungry to build cooperation with the right team. These corporations are:
We’ll make a 50 000 € investment for 4% equity stake.
The program fee is 20 000 €.
30 000 € is for your company’s own expenses and development work.
Our goal is that your team can utilize min. 50 000 € funding from other funding sources (on top of our investment worth of 50 000 €). We support your team in this task by giving a free analysis regarding funding possibilities from our top-line funding expert, Fimentum.
The analysis will be answering these questions:
If seen relevant, Fimentum supports your team to apply this additional funding (at an additional cost).
During the 12 weeks, you will be attending the program workshops and meetings. These will be taking all together approximately 70 hours.
In addition: Please make sure you have enough resources and hours to use for the meeting and workshop preparations.
Mentors and corporations are invited from our vast network, based on your team’s specific needs. On top of this we’ve already invited some well established mentors, such as Aki Soudunsaari, Piia Maaranen, Aleksi Rautavuori, Ilkka Kaikuvuo and Pasi Pohjala to join our advisor teams.
In addition we will be inviting Innovestor’s own professionals and portfolio company founders to mentor the attending companies.
We have ambitious goals for the program: roadmap to pre-seed round and collaboration plan with a corporation. In our experience, few months is too short for both of these steps.
Especially in startup-corporate collaboration it might take longer than expected to finalize the collaboration plan. That’s why this program isn’t just a 2 week sprint.