The startup incubator
for ITU students
We provide mentorship and financial support
for students to create new technology startups.
Our programme offers resources, facilities and access to funding
for startups to develop a working prototype and gain traction.
Applications closed: Applications will open on 1st of September!
Read more about our different incubator stages and the application process.
The incubator programme is divided in 3 stages, based on the current progress of the founding team applying. We help the teams advance from a business idea phase to a feasible business with a marketable product, providing a launchpad into the startup ecosystem for student entrepreneurs.
We're here to guide you
Dedicated one-on-one help
for your startup
We ensure that participants get the proper skills, tools, advice and network to reach their objectives and we prepare the teams for further investments. We see this as the perfect launchpad into the startup ecosystem for student entrepreneurs.
Batches of startups
each semester we take in a new batch
have been part of our programme
have reached out to us for help
You're in good hands
Mentors & Advisors
To ensure the right guidance is offered to our startups,
we provide mentorship from experts in various fields,
including researchers and professors from the IT University,
but also external advisors who have joined our initiative.
thing are good enough
Frequently asked questions
Most likely you have more questions,
if we miss someting, get in touch and setup a meeting with us.
How long does it take to finish the programme?
Both Proof of Idea and Proof of Concept stages last for 6 months starting with the signing of a programme agreement, which sets the rules for collaboration. In special cases where a startup has discovered a new direction to pivot, we can extend the programme with an additional 3 months to explore the new model.
Proof of Business is an ongoing effort which lasts for as long as ITU Business Development is a shareholder in the company.
What does it cost to participate in the programme?
Participation in the Proof of Idea stage is free and we do not take any equity at this stage. After the Proof of Idea stage we assess the progress of the startup, and we offer an investment to selected teams. We only take equity from startups that have accepted our investment offer in the Proof of Concept stage.
As a startup incubator we offer an investment in exchange for 5% shares of the company. In exchange we invest capital and resources in the new company, a gross investment value of 100 000kr of which 25 000kr for R&D purposes.
Do you only invest in startups that have participated in Proof of Idea?
Yes, in order to ensure that the startup has addressed all assumptions of their business we prefer to invest in companies that we know closely, where we are able to see the team effort and the progress they are making. We invest in people first!
For special cases (ex thesis project, research project) we can provide an accelerate Proof of Idea track, between one and two months, to prepare the necessary documentation and pitch deck for the Proof of Concept stage.
Is the valuation at Proof of Concept negotiable?
No, it isn’t, we currently evaluate each team at 2 mil. Kr. . At this early stage where there is no product launched in the market, it is very difficult to asses the valuation correctly. If your startup should be valued higher, then it makes more sense to approach different types of investors.
We are focused on early-stage startups, which often don’t have a Product/Solution fit, and our role is to support them until they can attract next rounds of funding. If you think you are ready for more serious investment rounds, we can help with advice and contacts.
Do we have to be ITU students to apply?
While the startup incubator is a resource for ITU students, it is not necessary that the entire team is from ITU. We accept teams where at least 50% of the founders are students or alumni of the IT University in Copenhagen.
In case you are a student from another university, we suggest you reach out and find a potential co-founder at ITU. Drop us a message, and we can see if we can help!
I am done with my education, can I still apply?
We often work with students who have finished their masters programme and wish to incorporate a project or their thesis. As long as you are an ITU alumni and you are applying within the first year since your graduation we can provide all the support you need.
We can discuss on an individual basis, other funding sources (private and public) to ensure a small income during the incubation period.
We work with some great companies, to provide the best services and knowledge
How do we evaluate whether the idea can proceed to the Proof of Concept programme? To qualify to the Proof of Concept stage in the Startup Programme, your business…
In the Startup Programme we work with Integra Law to provide workshops on some of the issues that founders in a startup must address at some point; e.g. what company…
Get in touch
Let’s work together
If you have any additional questions about the programme, or if you would like to discuss potential partnerships with us or our startups, drop us a line. Our offices are on the 5th floor at ITU – in 5E05 and our staff have all signed a confidentiality agreement, so any private information your share with us, will remain confidential.