At a local bar next to the beautiful beach in Tel Aviv and a gorgeous sunset. This was were the partners of the GoGlobal Foodtech Bootcamp welcomed the 10 companies.
Some of the biggest players; venture funds, international companies and serial entrepreneurs were together with 10 selected startups part of the first Nordic food bootcamp in the Startup Nation Israel last week.
The leading Israeli capital fund Jerusalem Venture Partners, Coca-Cola and PepsiCo were only some of the participants in the intense bootcamp program in Israel, which aims at helping startups grow globally. The program is a collaboration between Innovations Centre Denmark, the organization Danish Food Cluster, the Swedish innovation actor, Vinnova and Jerusalem Venture Partners.
“The purpose of this initiative is to help Danish and Swedish startups grow faster. In only one week in Tel Aviv, we have enhanced their business plans and ensured them coaching by globally leading investors. It’s unique. It has put turbo on the growth of these 10 participating startups, ”says Tue David Bak, Director of Innovation Centre Denmark in Tel Aviv.
3 Swedish and 7 Danish startups were selected for the bootcamp, and one of them was Danish Christopher Kjølby Jensen from the company NatuRem Bioscience:
“This trip has been incredibly rewarding for our company in several areas, but especially the networking opportunity has been really valuable. We have met serial entrepreneurs who have come up with hands-on advice on how to build and scale up companies in Israel, which is quite different from how we do Denmark. In addition, I have talked to venture capital funds, which have provided us with advice and feedback on our business pitch. This has been very useful for a young company like ours, whose next step is to seek funding. ”
The accelerator bootcamp consisted of 5 days of intense training in the hot Israel. Hot because of the temperature, but also a hot entrepreneur nation. Globally, Israel has the highest amount of capital invested per. inhabitant. They are also world leaders when it comes to developing startup products that are first of its kind.
Israel is actually an accelerator in itself, according to Danish Daniel Dudas-Schwarz, mentor on the accelerator program in Israel and founder of the company Liv:
“The talent pool here is unique, especially in relation to engineers and researchers. In addition, it is an integrated part of the culture that people network like they were on steroids. When you go to network meetings in Israel people come to you, and you will leave one network meeting with more than 10 relevant meetings booked in your calendar. This would not have happened in Denmark. In just four months in Israel, I even set up a team of five engineers and developers including a technical director and four highly qualified advisors, which would not have been possible in Denmark at all. ”
The 5 days consisted of, among other things, pitch adjustment with Israeli investors, knowledge sharing with Israeli startups, which have raised up to 22 million US dollars, roundtable with corporate profiles from the Israeli ecosystem and reception at the Danish Embassy with stakeholders from the Israeli ecosystem.