InnovateNordics 2024

Acceleration Program & Investor Summit 

 
 

The Nordic Chambers of Commerce in New York, in partnership with Ernst & Young (EY) is pleased to present the 2024 edition of InnovateNordics Acceleration Program & Investor Summit. 

InnovateNordics is a unique initiative offering a deep dive into all the essential information, knowledge, and tools needed to enter the U.S. market effectively.

 

Spearheaded by the chambers of commerces' carefully selected professionals and facilitated by industry experts in the U.S., the InnovateNordics program provides invaluable insights and expert advice through a series of carefully selected workshops. Additionally, participants gain access to the chambers' unparalleled network of Nordic and global corporations, mentors, and investors.

Companies accepted into the program will participate in the InnovateNordics pitch competition in Stockholm and New York. There, they will compete for the prestigious InnovateNordics Award, which includes a one-year membership and access to premium workspace, Gateway, at 900 3rd Avenue, New York.  

Worried about cost? Our valued partner, EY, will sponsor the program fee for all accepted companies (excluding accommodation and travel expenses)!

 

Application deadline: June 10th, 2024, 23:59 CET

Program agenda 2024

June

Application process

  • Deadline for applications on June 10th

  • Applications are reviewed by SACCNY and EY

 

August

Introductory meeting

  • Stockholm, Date TBD

  • Introduction & Pitch

  • Kick-off

  • Keynote speakers and panel discussion

  • Networking and mingle 

September

Virtual Acceleration Program

  • Workshops

  • Pitch Review & Coaching Tailored to the U.S.

  • Inter-Cultural Professional Training

  • Legal Consultation

  • Banking in the U.S.

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October

New York delegation trip

  • Visit to Nasdaq MarketSite on Times Square 

  • Reception and mingle at the residence of Sweden’s Consul General 

  • Roundtable talk with stakeholders, industry leaders and peer companies 

  • B2B matchmaking and meetings 

  • Pitch competition and investor summit 

    • Keynote speakers 

    • Panel discussion 

    • Price award ceremony

 

What’s in it for you?

There is more to the program than the pitch competition! In this acceleration program, you will learn about various topics preparing you for an efficient and cost-effective U.S. market entry. Read more about what we will cover below.

BANKING IN THE U.S.

Access a comprehensive overview of the American banking system through SACCNY’s banking partners, addressing key aspects such as setting up local bank accounts, money transfers, fraud prevention, and more.

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ESG AND THE GREEN TRANSITION

Discover opportunities to leverage incentives aimed at addressing climate change as a Nordic company establishing a presence in the U.S., enabling you to navigate and capitalize on the growing emphasis on sustainability initiatives. You will also receive practical tools and strategies to integrate sustainable practices into your daily business operations.

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MARKETING & COMMUNICATIONS

Receive expert guidance on effectively reaching and engaging with American audiences, ensuring that your message resonates and drives meaningful connections with key prospects and stakeholders.

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BUILD YOUR NETWORK

Gain access to valuable networking opportunities with industry peers, investors, and stakeholders in New York.

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INTERCULTURAL COACHING

Benefit from specialized coaching that highlights the nuances between American and Scandinavian business cultures, equipping you with the skills to adapt successfully to the U.S. business environment.

PITCH TRAINING

Get all the tips and tools necessary to develop and execute a successful pitch well-tailored to American clients, investors, and partners. 

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COMPANY VISITS

Embark on visits to various companies in New York City, where you’ll gain invaluable insights into their internationalization experiences.

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LEGAL AND IMMIGRATION

Gain valuable insights into navigating the legal and regulatory landscape of the U.S., covering crucial topics such as establishing a legal entity, taxation, intellectual property, immigration laws, and more, with support from SACCNY’s trusted legal partners.

TEAM SETUP AND RECRUITMENT

Gain comprehensive insights into building and managing teams in the U.S., including attracting and retaining local talent and fostering a positive company culture, with guidance from SACCNY’s professional recruiting partner.

Are you a fit?

We have outlined a few specific must-have criteria for companies participating in InnovateNordics.

Criteria for participating companies

  • The company has developed a product or service with well established and growing market presence and customer base.

  • The company must show a minimum of 2-3 year positive growth and development trajectory.

  • The company may not be affiliated with a large or global corporation (such as a subsidiary), nor be an existing/well-established business in the U.S.

  • The company must demonstrate early stage or clearly developed go-to-market strategy for establishment and growth on the U.S. market.

  • The company product or service is innovative and/or must demonstrate proof of positive enviromental and ESG impact with a measurable net positive societal impact.

  • The company must show sound governance structure.

  • The company must show a positive fundraising history and trajectory

​Please note that while the program fee is covered by EY, Companies are required to cover travel and accommodation expenses themselves.

Please get in touch with the FACC NY team if you have any questions:
kati.kaivonen@facc-ny.com


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