THE
MILLION

Yes, it’s a 1 MNOK investment directly into your startup, designed to help you grow, scale, and make an impact. On this page you’ll find answers to some of the most common questions, but feel free to reach out if you need further clarification or have additional queries:

Pia Warland
Innovation Dock

Pia@innovationdock.no
+47 908 65 351

There’s no catch. The 1 MNOK investment is made through a single-purpose company on industry-standard terms, which are fully transparent and agreed upon before finalizing the deal.
The competition is open to startups based in Norway. To be competitive, applicants should have a clear business plan, proof of concept, or minimum viable product (MVP).
Participants must arrive in Stavanger by lunchtime on April 14th. Pitches will take place from lunch until around 17:00.
During the evening, the three finalists will be announced. These finalists will pitch on the main stage at Impact Summit on April 15th at 16:00, with the winner receiving the 1 million NOK investment during the Impact Awards at 17:00.
All participants receive complimentary access to the Impact Summit, where they can attend key sessions and connect with thought leaders. For full event details, visit www.impactsummit.no.
Innovation Dock review all applications and select the top 10 startups to pitch in front of investors on April 14th in Stavanger. After the pitches, the investors choose three finalists, who will present on stage during the Impact Summit. The winner is announced during the Impact Awards on the evening of April 15th.
The 1 MNOK investment is in exchange for a minority equity stake in your company. The valuation will be negotiated between the investors and the winning startup, considering factors like your business model, traction, and market opportunity.
In addition to the funding, you’ll gain access to the investors’ networks, mentorship, and potential follow-up funding opportunities. Many past finalists have also received additional investments totaling 4-5 MNOK.
There are no application or participation fees. The investment must be used to grow your business as outlined in your pitch and business plan. The funding is designed to accelerate your startup’s development and scalability.
The investment comes with no repayment obligations if your startup does not succeed. The investors understand the inherent risks of early-stage ventures and are focused on supporting innovation and growth.