Nordic Test Lab for Scaling pilot in a nutshell
A Nordic scaling pilot designed to help Nordic high-growth companies to prepare and accelerate their next stages of growth through access to long-term competence building and financing opportunities.
The pilot should be dedicated to the most promising, exciting and ambitious Nordic companies in the actual growth/scale-up phase, having a validated business model, a clear growth strategy, a competent management team and a desire to obtain substantial growth funding. The companies must be able to demonstrate progress to date (i.e. generating revenue) and a large growth potential. The pilot must target ‘the best-of-the-best’ Nordic companies in the target group.
Duration of the pilot will be 2 years (2017 - 2018). The length of the contract will be at maximum 30 months. As a minimum requirement, Nordic Innovation expects that at minimum 4 batches targeted at different test areas (verticals and/or target markets) are run during the two-year pilot period.
Implemented as an innovative public-private pilot, which should be integrated and complementary to the existing national actions, with a clearly identifiable Nordic added value.
The pilot will be implemented by private actors who are selected through a public procurement. The consortium should preferably have at least three different active partners from three different Nordic countries or equivalent competences. Additional partners like international ones are allowed.
Nordic Innovation is looking for executors that have real hands-on experience from working with high-growth companies. The executors will be selected through this public procurement on the basis of their track record, competences, networks and suggested scaling model.