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TheFactory - Accelerator & VC
TheFactory is an accelerator and venture capital organization based in Oslo, Norway, focusing on early-stage startups across various sectors. It has supported over 80 startups through hands-on acceleration and investment.
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Official links
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Overview
TheFactory is an accelerator and venture capital organization based in Norway. It was founded to support startups and scaleups through various programs and partnerships. TheFactory focuses on fostering innovation and collaboration within the entrepreneurial ecosystem.
Focus
TheFactory invests in early-stage companies across multiple sectors, including fintech, proptech, greentech, retail, sportstech, and defence and security technology. They offer several programs, such as the DefSec Accelerator for defence and security technology, the Gründer Academy for early-stage startups, and the Sportstech Academy for pre-seed and seed stage sportstech companies. Their approach includes hands-on acceleration, mentorship, and potential investment opportunities.
Support
TheFactory offers hands-on acceleration, mentorship, and potential investment opportunities to early-stage companies.
Questions
What are the eligibility criteria for TheFactory?
TheFactory primarily targets early-stage startups in sectors such as fintech, proptech, greentech, retail, sportstech, and defence technology. Founders should demonstrate a commitment to innovation and growth.
How does the application process work?
Interested startups can apply through TheFactory's website. The application typically requires a business plan, pitch deck, and details about the founding team.
What are the deal terms offered by TheFactory?
TheFactory offers an investment of $500,000, with potential follow-on investments up to NOK 1.5 million. Specific equity stakes are determined on a case-by-case basis.
What is the format of the program?
TheFactory's programs include a mix of in-person and virtual sessions, with a focus on mentorship, workshops, and networking opportunities.
What makes TheFactory different from other accelerators?
TheFactory emphasizes hands-on acceleration and sector-specific programs, providing tailored support to startups in diverse fields.
What success metrics does TheFactory use?
TheFactory tracks the progress of its startups through funding raised, market traction, and successful exits. Alumni have collectively raised over $200 million in follow-on funding.
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