The purpose with Nordic Angel Choice Awards (NACA) was to create more cross-border Business Angel investments and highlight the role of Business Angels from all Nordic regions. The goal was to bring together both the Nordic startups and the Nordic Business Angels and to highlight and showcase good Business Angel practice and foster investments and syndications across borders.
Nordic Angel Choice Award was hosted by TechBBQ, the biggest annual startup- & tech-summit in Denmark. TechBBQ, Malmö Startups, Startup Norway and the Finnish Business Angel Network (FiBAN) facilitated a cross-border Nordic startup competition at TechBBQ. The competition had a jury of highly qualified Nordic business angels that selected startup applicants, two from each Nordic country seeking angel funding, to participate in a pitch competition at TechBBQ.
THE PROGRAM AND FUTURE PLANS
NACA was established and executed with overall success. 12 Nordic Business Angels selected 39 Nordic startups to pitch at the NACA pitch competition at TechBBQ. From the total 39 startups 10 were chosen to pitch at the semi finals, on the second event day. Five startups were selected for the finals and after a last pitch round, the first winner of NACA was found: The Swedish startup: Next Step Dynamics.
The NACA team and organizers are happy with the outcome and it gives great hope continuing this type of activity, creating values to the Nordic startups and putting spotlight on Nordic Business Angels. One outcome which was highly appreciated with the startups was meeting successful founders and experts at TechBBQ along with a large group of international investors.
Bo Koch-Christensen, TechBBQ