TheFactory

A mentorship-lead early stage development program. The twelve-week program offers top-notch mentorship, an expansive network, a nice workspace, and the chance for seed funding. Their goal is to accelerate the development of ground-breaking fintech concepts and companies.
Type Accelerator / Incubator
Website thefactory.no

Investment info

Invests in
Idea
Product or prototype
Go to market
Investment range
€ < 25K
€ 25 - 50K
Primary markets
Consumer, Companies
Investing in countries
Denmark, Finland, Norway, Sweden

Focus areas

Consumer Goods
Consumer Goods
Media & Entertainment
Media & Entertainment
Fintech
Fintech
IT & Software
IT & Software
See all 5 focus areas

Key people

IS
CEO & Partner
Ingar S. Bentsen
HC
Partner & Program Director
Hans Christian Bjørne

Invests in SDGs

More about TheFactory

TheFactory focuses on fintech and insuretech startups in the early stage of development. They offer a 12-week program, where entrepreneurs will learn to develop and scale their business.  Throughout the program, entrepreneurs one-on-one guidance from experienced mentors.

 

Experience

Opening its doors in September 2016, TheFactory is a brand new accelerator. TheFactory is a Launch-member of the Global Accelerator Network. While TheFactory is located in Oslo, the network provides perks professional development, networking opportunities, training, consulting and ongoing support for all its members in more than 30 different places around the world.

 

How much do they invest?

Throughout the program, you will be connected with great business mentors, market experts from different fintech verticals. Selected companies and entrepreneurs may receive an investment of up to NOK 350.000 in seed funding.

 

How do they work?

In return for the seed funding of NOK 350.000, TheFactory receives 5-12% in equity. The amount is negotiated on an individual basis. Out of the investment, 30% is detained as a program fee to help cover housing and other program costs for the program.

 

This makes a difference to them

TheFactory is looking for startups in the fintech industry who is faced with the challenge of developing themselves to the next step. The program helps their portfolio companies develop a commercial prototype that they can test on the market.


How to contact

Sign up to get access to contact details or log in if you already have an account.

This profile is currently managed by +impact, claim this profile .