EarlyCash is a grant for student startups in the early stages. Thanks to Grundfos for making EarlyCash possible.
EarlyCash is a grant for students at Aarhus University who want to take their startup idea one step closer towards a commercial product or service. Students can apply for grants of 15,000 DKK.
THE GRANT CAN BE USED FOR
- Technology development
- Study tours
- Participating in relevant fairs
- Travel expenses for visiting costumers or partners
- Developing pretotypes/prototypes
- Finalising product before initial launch
FOLLOWING ELEMENTS WILL IMPROVE THE PROBABILITY OF RECEIVING A GRANT
- You have already started a dialog with potential clients/costumers/users
- You can convincingly argue that the grant will contribute to achieve one or several milestone(s)
- A well prepared and consistent pitch when presenting to the panel, which includes a budget for the spending of the EarlyCash grant
THE GRANT CANNOT BE USED FOR
- Operating expenses
- Office equipment
- Expansion of existing product line
The grant is targeted early stage startups, who have not received any prior funding. (Ex. Micro Grant from the Danish Foundation for Entrepreneurship or Innobooster from Innovation Fund Denmark)
HOW AND WHEN TO APPLY
It is a requirement that you have signed up to The Kitchen’s IGNITE program at the time when you apply for EarlyCash. Read more about IGNITE here.
EarlyCash has four annual deadlines:
- 1 March
- 1 June
- 1 September
- 1 November
Selected applicants are invited to a ten minute presentation. Applicants will be notified, whether they are selected for presentation or not, no later than 10 workdays after the application deadline.
At the presentation, there will be a panel of three judges. The final decision is communicated by email after the presentation. Declined applicants are welcome to re-apply at the next deadline with an updated application.
After 6 months, applicants formulate a short final report that explains how the grant has been used and whether the milestones have been met or not. Pictures in the report are welcome. The final report is sent to email@example.com.
The Kitchen emphasises that the applicant is responsible for examining whether the award is taxable or not. The applicant must be either one person/project lead (CPR) or one company (CVR). In the case where several people are involved in the idea, and the applicant is not a company, the team must choose one project lead as applicant.
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