“We are happy that we have received such great interest. VC Challenge has strong partners in the five Nordic countries, and their support has been key to reach the right applicants”, says Virginia Vegas, Managing Director at VC Challenge.
“Now the job is to select 20 aspiring funds that will participate in the VC Challenge, which will not be an easy task, as the quality of the applications is very high”, she continues.
“Most likely, we will have to run another program in autumn to make sure that more aspiring fund managers in the Nordics get the support they need.”
10 sessions with Venture Capital Experts
The VC Challenge (Venture Capital Challenge) is a training program that provides emerging managers with professional guidance, learning and network on how to raise and manage a fund.
The challenge kick of will take place on February 28 in Copenhagen followed by 10 sessions where investor experts from the venture capital ecosystem will teach companies about venture capital topics such as sourcing and dealflow, portfolio construction, fundraising strategy and fund operations.
Read more about the VC Challenge
Broad Nordic representation
The Fund Managers that have applied for the VC Challenge are coming from all five Nordic countries with Denmark in the front with 23 applications, while investor groups and innovation organizations are the most frequent types of fund managers applying to the program. At the same time, 70% of the applicants are currently raising a fund or planning to do so in the next 6 to 18 months. On top, 33% are female applicants.
We look forward to follow the challenge in the months to come!