Raising Capital for Early Stage in

Denmark

• Starting with Yourself to find the investor match• Understanding the Danish Market• Benchmark for Medtech Start-ups

The match between your venture and

potential funding sources in DK

Opportunities

You got a Great Idea –but need Capital!Now what?

Equity

External Financing

Soft moneyGrants

VC

BA’s

3F

Soft Loans

Bank Loans

Sweat Money

• Innovationsmiljø, WTI…• Vækstfonden• Sunstone, …• BA Syd (& Others)• Brokers (Keystone, • Smedegaard)

• OPI, Innovation Fund…

• Your sweat• Options for stronger team

members

Industry Partnership

• Options to License/market• Co-development

• Your brother, mom etc.

• VF Vækstlån, WTI etc.

What kind of capital do we match?

• Do they invest in our kind of technology?

• Is the Investment stage correct?

• Is the timing correct (our development stage and capital requirement and investors focus)?

• Your team • Completeness• Champions that can

execute?• Your Idea & Value Proposition• The Market• The Competition• …• What you offer the investor

• Risk vs Up-side

Capital source FocusYour Venture

MATCH?

Preparing the Pitch

1. Find a standard investor slide deck

2. Develop your presentation3. Test it in front of different people

– get feedback4. Train, train, train (min.x10 with

clock)5. Do the pitch6. Refine – refine -refine

Understanding the Danish Market

Structure and Players in Early Stage

financing in Denmark

3F

BA

Innovations-miljø

VF

Sunstone.Northzone

…

POT R&D Launch Scaling

0,3

1,0-2,0

3-6

15-25

20-100

Regio-nal funds

mDKK/case

stage

Investment Activity in Pre-Seed stage

Benchmark for Medtech Start-ups

Medtech market facts(*)

(*) Source: www.cadensee.com

THANK YOU

www.accelerace.dk

M a d s R a s m u s s e n

P a r t n e r , A c c e l e r a c e

m r a @ a c c e l e r a c e . d k

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