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Work on your business idea &
turn it into a valuable startup.

Our startup incubator is a place where like-minded students can take their ideas & projects further,
explore entrepreneurship in practice and improve their skills. We have taken the best tools & knowledge
for early stage startups, and created an incubation programme that fits the student’s schedule & priorities.

Proof of Idea

Proof of Idea

Research your problem area & your value proposition to validate your business assumptions & start developing a prototype.

Proof of Concept

Proof of Concept

Improve your minimum viable product based on customer feedback & start aquiring early customers.

Proof of Business

Proof of Business

Prepare for the next rounds of funding with an improved pitch deck and a deeper understanding of your business.

Entrepreneurship requires a lot of practice. Applying theories & academic learning in practice provides an invaluable learning experience for students.

Our programme is a valuable resource to students who have studied entrepreneurship, business development or who just have the drive to continue working on a class project, and learn more by doing what they do best.

If you’re not ready, but you still want to learn more or join events & activities, subscribe to our newsletter #ITUStartups.

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#ITUStartups

A monthly recap of student entrepreneurship from ITU


Stage 1 - Proof of Idea

Start working on your business idea

  • Research your market & competitiors

  • Interview potential customers

  • Get co-founders and start growing your team

  • Build a working prototype of your solution

  • Business Development & Startup Advisor

  • Business development workshops & events

  • Legal workshops (company formation, IPR)

  • Finance & accounting workshops

  • Free accounting tools & support

  • Mentorship from experienced ITU Researchers

  • Free cloud computing services (up to 5000$)

  • Guidance applying for competitions, early funding opportunities & other grants

In order to join, you must be an active ITU student, or an alumni student that graduated in the past year. If you are applying as a team, it is required that at least 50% of the cofounders are ITU students (equity split not relevant).

01.

Business Model

The first step is to document your business model, and identify the most risky assumptions that we must validate.

02.

Customer Development

In order to explore the problem area in depth, we reach out into the real world and gather insight from potential customers or users.

03.

Minimum Viable Product

Focus on core functionality required to deliver an early customer experience, iterate twords a working early beta version.

Stage 2 - Proof of Concept

Incubate your startup & improve your MVP

  • Establish a product development plan

  • Iterate & improve your product

  • Convert test customers into paying customers

  • Validate your pricing strategy & budget

  • Business Development & Startup Advisor

  • Co-working office space in our incubator

  • Expense account for R&D (25.000kr)

  • Free cloud computing services (up to 100 000$)

  • Discounted legal services from partners

  • Monthly legal and accounting consultancy

  • Mentorship from experienced ITU Researchers

  • Guidance applying for competitions, early funding opportunities & other grants

In order for us to invest in your startup you must participate in the Proof of Idea stage. We must ensure that the business idea is valid, that there is value created for potential customers, that the risks have been addressed and that we know the founders profile & work ethic.

For this reason we mostly offer investments to companies that have participate in Proof of Idea. In special cases (f.ex thesis projects with a technical solution) we can choose to invest after receiving a more formalised business plan with supporting data.

 

01.

Product Development Plan

Develop a product backlog & prioritise the development of core functionalities of your MVP to launch an early beta version.

02.

Get some paying customers

Convert test customers into paying customers or start acquiring new paying customers. Test different pricing & revenue sources.

03.

Prepare your pitch deck

Validate your revenue model & update your business plan. Establish a 3 year budget & improve your investor pitch deck.

Stage 3 - Proof of Business

Grow your startup

You’re ready to leave the nest! Prepare for the next rounds of funding with an improved pitch deck and a deeper understanding of your business.

  • Access to seed funding & venture capital from our network

  • Support to establish an advisory board with indsutry specialists

  • Mentorship from experienced ITU Researchers

  • Free cloud computing services (up to 100 000$)

  • Guidance applying for competitions, early funding opportunities & other grants

01.

Investor Network

Get access to our investor network, where you can seek funding for the next round of financing.

02.

Advisory Board

Access to our network of mentors, researchers and experienced industry specialists to establish a strong advisory board.

03.

Term Sheet & Legal

We can help to ensure that you are not accepting a deal which can jeopardise your company and we represent your best interests.

Anders Nygaard
ITU Business Development's Startup Programme was vital in the very early stages of our startup journey. They helped consider important elements in relation to our business model and gave us tools to guide us through bumps and challenges along the way. In the later stages, they made our further development possible by investing 25.000 DKK in the company. Being part of the shared office facilities provided by ITU BD enabled a valuable network of other entrepreneurs.

— Anders Nygaard

CEO & Founding Partner at Limelight Music ApS

Samy Tessier
The Startup Programme was instrumental in getting our company from an idea to an early business: very useful legal counsel, capital injections and overall advice. ITU-BD is a great advantage for students’ startups as it brings experience which is critical to creating a profitable company.

— Samy Tessier

CEO and Founder at Clockwork Trading ApS

Nikolaj Hass
ITU Business Development helped us get a qualified validation of our concept and has played an important role in establishing connections to key players in our industry.

— Nikolaj Hass

CTO and Founder at Fluency

Resources & Perks

Depending on your team's needs, we can provide the following services:

Proof of Idea

  • Business Development & Startup Advisor

  • Business development workshops & events

  • Legal workshops (company formation, IPR)

  • Finance & accounting workshops

  • Free accounting tools & support

  • Mentorship from experienced ITU Researchers

  • Free cloud computing services (up to 5000$)

  • Guidance applying for competitions, early funding opportunities & other grants

Proof of Concept

  • Business Development & Startup Advisor

  • Co-working office space in our incubator

  • Expense account for R&D (25.000kr)

  • Free cloud computing services (up to 100 000$)

  • Discounted legal services from partners

  • Monthly legal and accounting consultancy

  • Mentorship from experienced ITU Researchers

  • Guidance applying for competitions, early funding opportunities & other grants

Proof of Business

  • Discounted office facilities from Symbion & Univate (50% off for our startups & access to events and network)

  • Seek further funding from our investor network

  • Support to establish an advisory board with industry specialists

  • Mentorship from experienced ITU Researchers

  • Free cloud computing services (up to 100 000$ in credits, valid for 2 years)

  • Guidance applying for competitions, early funding opportunities & other grants