The fund offers ‘founder-friendly’ funding by way of loans. It's only when your company is ready and able that you repay. These favourable funding conditions are possible because of Odense Robotics StartUp Fund’s non-profit model.
The fund provides microinvestments in the form of loans. This cash sum is issued according to a milestone plan. The loan’s size is relative to how long the startup is in the incubator. If a startup is in the incubator for a year, they will receive around 0.5 million kroner.
Startups repay the loan in a flexible and ‘founder-friendly’ model. Startups repay only once the company has achieved a certain economic growth. Startup founders are not personally liable for the loan. If a startup is acquired, the company is required to pay an additional sum, which in turn is reinvested in the fund for future startups.
Because the fund is focused on supporting early-stage startups, the fund’s aim is to make startups ready for external investments.