Denmark, like the other Nordic countries including Norway, Sweden, and Finland, has always been at the forefront of innovation and cleantech. The country is already home to eight unicorns and to many green and sustainable startups.
This push for innovation doesn’t just come from local entrepreneurs. Investors and even the Government are always pushing and promoting initiatives to support cleantech and sustainable innovators.
It is within this context, that the Giant Prize position itself. Launched in April 2022 by Giant Ventures – a London, Los Angeles, and Copenaghen-based VC firm that looks to invest in impact-driven technologies – in collaboration with the Vækstfonden – Denmark’s investment fund. The Giant Prize will award a prize of up to 5 million Danish Krone to the most ambitious danish startups. The prize will be awarded every year from 2022 until 2030.
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Applications are only open to early-stage Danish startups. It is not a prerequisite to have raised capital before, however, startups should have raised a maximum of 5 Million Danish Krone before the application.
Startups should be working on climate finance, carbon capture and storage, regenerative agriculture, climate data, carbon offset verification, electric vehicle infrastructure, novel battery technology, and smart energy-grid software technologies.
We had a short chat with Madelene Larsson from Giant VC about the prize. She pointed out that this focus on Denmark-based startups should not be surprising. Denmark along with the other Nordic countries has always been home to startups that were highly focused on innovation but at the same time interested in sustainability and clean technologies. She also told us that the Council Of Judges for the Giant Prize will be led by the founders of Denmark’s most successful technology companies, including Pleo, Zendesk, and Ganni.
Giant VC invests on average over 12 Million USD in impact-driven startups. They recognize the importance of supporting entrepreneurs to improve global sustainability and fight climate change. One of their latest ones is Agreena, to support the launch of this Danish startup carbon farming market.
The Giant Prize is open!
In partnership with @Vaekstfonden, we are seeking Denmark’s most ambitious founders using technology to solve climate change. All Danish seed-stage climate startups apply here: https://t.co/UPfMg1HX4e pic.twitter.com/oDMoBCsqOC
— Giant Ventures (@Giant_Ventures) April 6, 2022
Startups wishing to apply to the first edition of the Giant Prize might do so by clicking on this link. If you have an impact-driven startup in Denmark you should not miss this opportunity.
Editor’s Note: The opinions expressed here by Impakter.com columnists are their own, not those of Impakter.com –In the Featured Photo: The Danish Flag. Photo credit: Unsplash.