Palo Alto, CA-based Garage Technology Ventures and Oslo, Norway-based StartupLab launched a joint venture to fund and grow emerging European technology companies in Northern Europe that are ready to launch in the U.S.
Silicon Valley Catalyst brings together a team of experienced Silicon Valley and Nordic venture players to provide investment capital and intensive individualized support to startups at a level beyond the standard incubation/acceleration programs being offered in the Valley and around the world.
It will offer a customized support model for each individual startup, including intensive development focused on the specific needs of the company, with a particular focus on the requirements of companies bridging to Silicon Valley from the Nordics.
Qualifying companies will be accepted from a broad range of sectors, but the joint venture will focus primarily on information technology, communications and software. Each company selected will receive $100k in seed funding.
The focus is on Nordic startups with:
– Customer acquisition
– Team building
– Operational infrastructure, and
Garage Technology Ventures and StartupLab are looking to add additional partners, especially venture firms and incubators in Northern Europe, as the initiative expands.
In Europe, contact Alexander Woxen: Email: alexander(at)startuplab(dot)no
In the U.S., contact Bill Reichert: Email: reichert(at)garage(dot)com
Entrepreneurs interested in applying to Silicon Valley Catalyst should send an executive summary and investor pitch deck to: [email protected]