Sting Test Drive
Test your idea throughout an intensive workshop series designed for teams that are just getting started.
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Our Sting Test Drive program is a hands-on workshop for super-early-stage projects with global potential. We focus on niche areas like ClimateTech, HealthTech, and DeepTech, connecting aspiring entrepreneurs with expert coaches. Join us to sharpen your pitch, gain insights from experienced entrepreneurs, and explore growth opportunities with Sting.
Apply Now to Test Drive DeepTech
Calling ALL DeepTech (whose business idea is based on high-tech innovation in engineering, or significant scientific advances) teams that are just getting started, and are still whiteboarding their ideas, this is your sign to apply!
Sting has now opened the application doors to Test Drive DeepTech Fall 2023! Four engaging workshops along with one pitch session to wrap up the program. This is your time to test your idea with the guidance of our experienced coaches from Sting and KTH Innovation with like-minded peers (free of charge!).
Test Drive DeepTech is run in partnership with KTH Innovation, providing innovation support at KTH Royal Institute of Technology, Sweden’s top technical university.
Please note: during the first workshop, all participants and organizers sign a confidentiality agreement. No information regarding business concepts, technologies, or participant names can be mentioned outside the program without consent.
Upcoming Test Drive program
What?
Four evening workshops and one pitch session run by Sting and KTH Innovation coaches combined with individual coaching and peer support.
For who?
Teams with a scalable, early stage idea. We prefer mixed-gender teams of two to three people.
When?
Due to high demand, we run Test Drive 2-3 times/ year and 10-12 projects are accepted for each round
Test Drive DeepTech start 26/10 with a final workshop on 14/12
How?
Apply before Tuesday 17/10
Have any questions?
Browse through the FAQs to gain insights and clarity on various topics related to our organization.
We have a “success fee” model in the form of stock warrants to Sting. As a non-profit, we’re an independent, founder-centric organization who always wants what’s best for your startup. If you succeed, these stock warrants eventually convert into a small number of shares.
Yes! The co-owners of Propel Capital are business angels actively looking for investment opportunities in exciting and promising startups. As a portfolio company to Propel Capital, you are exposed to a large number of potential investors.
Propel Capital invests via a convertible note that converts to ownership only when the company has raised at least SEK 1 million or more from external investors. This way, we avoid setting a valuation of the company too early.
For full terms and conditions, please contact emanuel.andersson@sting.co. Read more for an overall summary of the terms:
The loan is calculated with interest at the date of the conversion/price per share in the round * 0.7.
No, usually Propel Capital does not have the opportunity to participate in new issues in the portfolio companies. However, Propel Capital’s CEO, Emanuel Andersson, is actively working to support the portfolio companies in their financing rounds in other ways, including by making intros to potential investors.
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Not ready to apply for our programs yet? No problem. Turning an idea into a viable business concept can be daunting, so here are some valuable startup resources to add fuel to your fire and get you a few steps closer to joining the Sting community.
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