Slingshot AS

Slingshot AS is a non-profit accelerator based in Sandnes, Norway, founded in September 2020. The organization focuses on helping ambitious scale-ups grow internationally by providing strategic support and hands-on execution to overcome growth barriers.

Slingshot primarily invests in companies located on the west coast of Norway, particularly those in the sustainability and technology sectors. The organization targets post-revenue companies with annual revenues between 10 to 100 million NOK, emphasizing those with strong growth potential and a commitment to sustainability. The program aims to assist companies in refining their market positioning, accelerating fundraising efforts, and expanding into international markets.

The ScaleUp Program offers a 10-week initiative that includes a kick-off workshop, hands-on support, tailored growth plans, and a focus on measuring outcomes and sustainability.

<p><strong>What are the eligibility criteria for Slingshot AS?</strong></p><p>Slingshot AS targets post-revenue companies with annual revenues between 10 to 100 million NOK, particularly those in sustainability and technology sectors.</p><p><strong>How does the application process work?</strong></p><p>Interested companies can apply through the Slingshot website. The application process involves submitting relevant information about the company and its growth ambitions.</p><p><strong>What are the deal terms for participating in the program?</strong></p><p>The participation fee for the ScaleUp Program is 100,000 NOK per company. The program also provides access to tailored support and resources.</p><p><strong>What is the format of the program?</strong></p><p>The ScaleUp Program lasts for 10 weeks, including a kick-off workshop, an execution phase, and a focus on sustainability and measuring outcomes.</p><p><strong>What makes Slingshot AS different from other accelerators?</strong></p><p>Slingshot AS focuses specifically on post-revenue scale-ups in the sustainability and technology sectors, providing hands-on execution and strategic support tailored to the unique challenges of these companies.</p><p><strong>What are the success metrics for alumni companies?</strong></p><p>Alumni companies have collectively created 480 new jobs and raised over 600 million NOK in capital, demonstrating the program's effectiveness in driving growth.</p>