### Executive Summary

We propose developing an integrated digital health platform offering online services, including consultations with dietitians, psychologists, physiotherapists, child development specialists, and doctors. Accessible via both a mobile app and a website, this project leverages Denmark’s robust technological infrastructure and population’s readiness for digital solutions. Emrah Ayyıldız will manage operations, with Elif Ayyıldız, an experienced dietitian, coordinating dietitian services.

By integrating cutting-edge technology and artificial intelligence, we aim to revolutionize the digital health services sector in Denmark, offering personalized and efficient health solutions. Additionally, we will establish a physical office in Copenhagen to provide face-to-face consultations, enriching our service offerings and accessibility.

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### 1. Introduction

#### Project Objective:
To launch an innovative digital health platform in Denmark, providing a wide range of online health services that are easily accessible to users of all age groups, leveraging artificial intelligence to offer personalized healthcare solutions.

#### Project Scope:
- Access via mobile app and website.
- Services from dietitians, psychologists, physiotherapists, child development specialists, and doctors.
- User-friendly interface aggregating comprehensive content.
- Establishing a physical office in Copenhagen for face-to-face consultations.

### 2. Innovation in the Business Model

#### Innovative Features:
- AI-Supported Tools: Use of proprietary AI algorithms to provide personalized health recommendations and predictive analytics.
- Data Analytics: Leveraging user data to create highly effective and individualized health plans.
- Automated Diagnosis Assistance: AI algorithms supporting healthcare professionals in diagnosis and treatment planning.
- Virtual Health Assistant: AI-driven chatbot for instant health consultations and preliminary assessments.
- Integration with Wearable Technology: Connecting with popular devices for real-time health monitoring and feedback.
- Patient Portals & EHR: Secure patient portals allowing users to access health records, track progress, and manage appointments.
- Tele-Rehabilitation: AI-driven virtual physiotherapy sessions with real-time feedback.
- Mental Health AI Bots: AI-driven mental health bots providing CBT-based tools for stress and anxiety management.
- Blockchain Integration: Plans to integrate blockchain technology for enhanced security and transparency in electronic health records (EHR).
- Augmented Reality (AR): Exploring the use of AR for virtual consultations and physiotherapy sessions.

#### AI Algorithms Differentiation:
Our AI algorithms will differ from existing solutions by utilizing advanced machine learning techniques and real-time data integration from various health devices. Unlike other platforms, our AI will incorporate genetic data and personalized genomics, offering unprecedented accuracy and personalization in health recommendations. Proven success through pilot programs will demonstrate tangible improvements in patient outcomes, engagement, and adherence to health plans.

#### Continuous Innovation Pipeline:
- Emerging Technologies: Plans to integrate blockchain for enhanced security and transparency in electronic health records (EHR) and AR for improved virtual consultations.
- Proven Innovations: Showcasing tested benefits and outcome metrics from initial pilots or MVP versions, such as increased patient engagement, better health outcomes, and high user satisfaction rates.

#### Partnerships for R&D:
- Collaborations: Collaborating with leading tech companies and universities for research and development in emerging healthcare technologies, such as genomics, personalized medicine, and AI in healthcare.

#### Patents and Proprietary Technology:
- Filing for Patents: Filing for patents related to unique AI algorithms and data integration methods to safeguard our innovative solutions.
- Future Innovations: Exploring further applications in genomics and personalized medicine, AR and VR solutions for tele-health.

### 3. Market Attractiveness

#### Technological Infrastructure and Digitalization:
- Denmark’s high internet penetration and advanced technological landscape make it optimal for digital health services.
- The populace’s readiness for digital solutions promises high commercial potential.

#### Market Size and Potential:
- The Danish market is ripe for innovative health solutions with a growing demand for digital healthcare services.
- According to MarketsandMarkets, the global market for digital health is projected to grow at a CAGR of 27.6% from 2021 to 2026, which aligns with the substantial growth potential in Denmark with its advanced digital framework.
- Significant potential for expansion across Scandinavia and Europe due to similar healthcare needs.
- Detailed segmentation analysis, including specific market size data, growth rates, and user personas. Refer to the detailed market analysis provided by Statista and Healthcare Denmark.

#### Market Analysis:
- Segmentation: Focusing on Danish residents, health-conscious individuals, families, and expatriates preferring consultations in English or Danish.
- Prioritization: Initial focus on urban areas with high digital engagement, gradually expanding to rural regions.
- Positioning: Marketed as the go-to integrated digital health platform that offers AI-enhanced, personalized health services. Specific launch timelines and phase-wise geographic expansion plans.

#### Market Entry Strategy:
- Tailored Marketing Strategies: Custom marketing strategies for different demographics and geographical areas.
- Compliance: Emphasizing compliance with Danish healthcare regulations and licensing requirements.
- Adhering to GDPR for data protection and privacy.
- Working with local health authorities and medical boards to ensure all practitioners are licensed and adhere to Danish healthcare standards.

#### Competitive Analysis:
- Detailed Analysis: Comprehensive analysis of competitors, identifying key players such as online telemedicine platforms and fitness apps. Our unique competitive advantages include AI integration, multilingual support, diverse healthcare professional offerings, and the hybrid model of digital plus physical consultations.
- Example: Case studies of similar businesses that have succeeded in comparable markets, such as Doctor on Demand and Babylon Health, have shown significant retention and satisfaction through AI integration and user-centric design.

#### Barriers to Entry:
- Mitigation Strategies: Strong emphasis on GDPR compliance, robust cybersecurity measures, and collaboration with local healthcare authorities to ensure regulatory compliance.
- Strategic Partnerships: Forming strategic alliances and pilot programs with local health providers and tech organizations to refine the platform and facilitate smoother market entry.

#### Commercial Potential:
- Growth Trends: In-depth analysis showing growth trends in digital health adoption, increasing use of AI in healthcare, and a shift towards remote consultations.
- User Personas and Market Segmentation: Detailing user personas such as tech-savvy millennials, families with young children, elderly individuals with limited mobility, and expatriates, showcasing different market needs and our tailored services to address them.

### 4. Scalability

#### Potential for Growth:
- Adaptable Infrastructure: Technological framework designed to be highly scalable using cloud computing and microservices architectures.
- Service Expansion: Ability to integrate new health services over time, such as telemedicine for specialized medical conditions.
- Hybrid Business Model: Combining digital and physical health centers to enhance service delivery and accessibility.
- Custom Integrations: Open API allows for integration with other health systems and devices, promoting ecosystem growth.

#### Strategic Plan for Scalability:
- Tech Infrastructure: Utilizing cloud platforms like AWS or Azure and microservices architectures to ensure handling increasing user loads without performance degradation.
- Geographic Expansion: Detailed roadmap for international expansion:
- Phase 1: Market Entry into major Danish cities with high digital engagement.
- Phase 2: Consolidation by expanding services to more regions within Denmark and initiating pilot programs in other Scandinavian countries.
- Phase 3: Long-Term Growth with full expansion across Europe, continuously adding new services and technologies.
- Pilot Programs: Testing and refining platform features and scalability through pilot programs.
- Partnerships: Forming strategic alliances with local healthcare providers, schools, and wellness centers to drive adoption and increase service reach.
- Data Security and Privacy Future Plans: Detailed plans to use blockchain for enhanced security and transparency.

#### Job Creation:
- Expanding quickly, requiring more health professionals and creating employment opportunities in Denmark. Specific job types include healthcare practitioners, support staff, data scientists, software engineers, and customer service representatives.

#### Revenue Growth:
- Diverse revenue streams, including subscriptions, consultation fees, and advertising ensure financial scalability. Detailed projection of revenue growth over the first 5 years, with assumptions based on market research and similar business models.

#### Supporting Material for Scalability:
- Scalability Assessment Reports: Independent market analyst reviews confirming feasibility and growth strategies, with an emphasis on technology scalability and market needs.
- Case Studies and Market Analysis Reports: Compilation of case studies from similar healthcare models that have successfully scaled, highlighting insights and benchmarks.

#### Technology Roadmap:
- Future Upgrades: Detailed technology roadmap outlining future upgrades, including improved AI capabilities, user interfaces, and integration with new health monitoring devices.
- Long-term Integration: Initiatives on how the platform will integrate with future health technologies and services such as genomics testing.

#### Scalability Metrics:
- Performance Indicators: Specific metrics and KPIs to measure scalability, such as user acquisition costs, lifetime value of customers, server response time under load, and user retention rates.

### 5. Team Competencies and Resources

#### Management Team:
- Project Manager: Emrah Ayyıldız has extensive experience in human resources and operations management within various international and startup environments. He holds two bachelor’s degrees in Translation and Business Administration and is proficient in both German and English. Emrah has successfully managed product launches and operations in tech startups.
- Head of Dietitian Services: Elif Ayyıldız, with over 10 years of experience in the field, has coordinated multiple large-scale health programs and workshops. She holds a master’s degree in Nutritional Sciences.
- Dietitian: Prof. Dr. Murat Baş is a highly experienced dietitian with an extensive academic career and private sector experience.
- Developmental Psychologist: Dr. Zeynep Çakmak brings a wealth of academic and practical knowledge to the team, focusing on developmental psychology.
- Child Physiotherapist: Pınar Akgöl has long-standing experience in both academic and private sector settings, ensuring comprehensive child physiotherapy services.

#### Engineering:
- Chief Engineer: Kemal Burak Yöndem, with over 20 years of experience in software engineering and artificial intelligence, has led development teams in Fortune 500 companies and innovative startups. He holds a PhD in Computer Science.

#### Human Resources:
- A multidisciplinary team of licensed dietitians, psychologists, physiotherapists, child development specialists, and doctors proficient in English and Danish. Detailed competency mapping of each member showcasing their qualifications, experience, and relevance to the project.

#### Local Engagement:
- Collaborations: Collaborating with local healthcare providers such as hospitals, clinics, and medical professionals associations to build a robust network and understanding of local practices.
- Community Engagement: Establish relationships with local businesses, health clubs, gyms, and wellness centers to promote the platform and gain local insights. Engage in community outreach programs to raise awareness about digital health benefits among different demographics in Denmark.

#### Recruitment and Training:
- Hiring Licensed Professionals: We will prioritize hiring local licensed professionals to ensure cultural and linguistic alignments with our users.
- Local Management Team: Establishing a local management team in Copenhagen, fluent in Danish, to handle day-to-day operations and ensure smooth communication.
- Continuous Professional Development: Programs to keep the team updated with the latest healthcare trends and technologies. Specific training modules on AI and digital health tools.

#### Advisory Board:
- Advisory Panel: Our advisory board includes seasoned executives and angel investors with extensive experience in startups:
- Serkan Borancılı: Founder of multiple tech startups with a focus on scaling businesses.
- Erdem Yurdanır: Venture capitalist with a background in healthcare investments.
- Nazım Salur: Entrepreneur and investor in successful tech ventures.
- Dr. Anders Hansen: Renowned Danish healthcare executive with extensive experience in digital health implementation.
- Frederik Lassen: Tech leader from the MedTech industry providing insights on integrating emerging technologies effectively.

#### Financial Resources and External Funding:
- Partially Self-Funded: Emrah and Elif Ayyıldız have committed initial capital for startup costs.
- Securing Startup Capital: Specific milestones for securing funding, including targeted investor groups and a detailed timeline:
- Phase 1: Seed Funding: We aim to raise $500,000 from angel investors and family offices within the first six months to cover initial development, marketing, and operations.
- Phase 2: Series A Round: Post-launch and initial traction, we will target venture capital firms to raise $2 million for scaling operations, expanding market reach, and enhancing our technological infrastructure.
- Phase 3: Series B Round: For full-scale expansion across Scandinavia and into Europe, we will seek an additional $5 million in growth capital.
- Grants and Crowdfunding:
- Innovation Grants: Applying for various EU and Danish grants focused on health innovation and digital transformation, such as those offered by Horizon Europe and Innovation Fund Denmark.
- Crowdfunding Campaign: Launching a campaign on platforms such as Kickstarter or Indiegogo to raise funds and engage early adopters, providing market validation and an initial user base.

#### Skill Matrix:
- Competency Mapping: Comprehensive skill matrix highlighting the specific competencies of each team member and their relevance to the project’s success. Key skills include AI development, healthcare management, business operations, and digital marketing.

#### External Partnerships:
- Universities: Collaborating with institutions like the University of Copenhagen for research on AI in healthcare, and Aarhus University for pilot studies and clinical trials.
- Local Healthcare Institutions: Partnering with leading hospitals and clinics (e.g., Rigshospitalet) in Denmark to validate and pilot our services, ensuring compliance and integration with local healthcare systems.
- Tech Companies: Forming alliances with tech providers such as Apple Health and Fitbit for wearable tech integration, enhancing our service offerings by incorporating real-time health data from user devices.
- Industry Collaborations: Forming alliances with hospitals, clinics, and other healthcare providers to expand service offerings. Working with tech companies for advanced technology integration (e.g., AI, machine learning algorithms).

#### Team Achievements and Track Record:
- Past Successes: Highlight specific achievements or past successes of each team member related to digital health and business operations. For example, Kemal Burak Yöndem’s leadership in developing AI-driven health applications for a major healthcare provider.

#### Reference Letters and Endorsements:
- External Validation: Include endorsements or reference letters from notable figures in the healthcare or tech industry, such as university professors specializing in AI or leading healthcare professionals endorsing the platform.
- Collaboration Agreements: We have formed collaboration agreements with similar companies in the sector to bolster our service offerings and enhance credibility.

### 6. User Experience (UX) and User Interface (UI) Design

#### User-Centric Design:
- Prototypes and Wireframes: Creating prototypes and wireframes to optimize user experience and gather feedback.
- Usability Testing: Conducting A/B testing and collecting user feedback regularly to facilitate continuous improvement.

### 7. Environmental and Social Responsibility

#### Sustainability:
- Green Technologies: Implementing sustainable practices such as energy-efficient data centers and electronic waste management.

#### Social Contributions:
- Community Education: Conducting awareness campaigns and offering free health screenings to educate the public about digital health benefits.

### 8. Security and Privacy

#### Security Protocols:
- Data Encryption: Implementing advanced encryption techniques to protect user data.
- Penetration Testing: Regular security testing to ensure system integrity.

#### Privacy Policies:
- User Agreements: Providing clear information to users about data usage and privacy policies.

### 9. Flexibility and Adaptation

#### Rapid Adaptation to Market and Technology Changes:
- Market Monitoring: Continuously analyzing market trends and tracking competitors to adapt quickly.
- Technological Innovations: Investing in new technologies to stay ahead of the curve.

### 10. Impact and Social Benefit

#### Impact Analysis:
- Health Outcomes: Metrics to measure the tangible health outcomes and social impacts of the project.
- User Satisfaction: Identifying areas of improvement based on user feedback and satisfaction surveys.

### 11. Publications and Communication Strategy

#### Academic and Industry Publications:
- Research Publications: Publishing findings in academic or industry journals.
- Conference Participation: Promoting the project through participation in health and technology conferences.

#### Media and Public Relations:
- Media Campaigns: Developing detailed communication strategies for digital and traditional media.
- Influencer Collaborations: Partnering with social media influencers in the health and technology sectors.

### 12. Financial Plan and Investment

#### Initial Investment:
- Self-Funding and Additional Capital: Initial capital from Emrah and Elif Ayyıldız, supplemented by angel investors.

#### Budget Allocation:
- Development and Technical Infrastructure: 40%
- Marketing and Promotional Activities: 30%
- Operational Expenses and Personnel Salaries: 20%
- Setting up the Physical Office in Copenhagen: 10%

#### Revenue Model:
- User Subscriptions: Monthly or annual memberships.
- Consultation Fees: Per-session charges for online and face-to-face consultations.
- Advertising: Space for health-related products and services.

#### Financial Projections:
- Detailed Projections: Detailed financial projections for the first five years, including revenue, expenses, gross margin, and net income. Assumptions based on market analysis and similar business models.
- Break-Even Analysis: Providing a detailed break-even analysis.
- ROI Estimates: Estimating return on investment (ROI) for different stages of funding and expansion.

### 13. Marketing Strategy

#### Target Market:
- Danish Residents: Seeking accessible health services.
- Multilingual Users: Preferring consultations in English or Danish.
- Families and Individuals: Looking for comprehensive health solutions.

#### Marketing Channels:
- Digital Marketing: SEO, SEM, social media campaigns focused on health and wellness.
- Content Marketing: Blogs, video tutorials, webinars, and case studies showcasing user success stories.
- Partnerships: Collaborations with health clubs, gyms, wellness centers, insurance companies, and local businesses to reach a wider audience. 

#### Positioning Strategy:
- Clear Messaging: Clear messaging of our unique value proposition: AI-enhanced, user-friendly, comprehensive health services platform with hybrid service delivery (digital and physical consultations).

#### Customer Retention:
- User Feedback Enhancements: Regularly gather and implement user feedback to improve the platform.
- Loyalty Programs and Referral Incentives: Offering discounts and incentives for loyal customers and those who refer new users.
- Excellent Customer Support Services: 24/7 customer support with trained healthcare professionals available for consultation and assistance.

### 14. Risk Analysis

#### Potential Risks:
- Technological Failures: Downtime or glitches in the platform.
- Data Breaches: Cybersecurity risks compromising user data.
- High Competition: Other established digital health platforms.
- Regulatory Challenges: Navigating healthcare regulations and cross-border service provision.

#### Risk Mitigation Strategies:
- Robust Cybersecurity Measures: Implementing advanced encryption, multi-factor authentication, regular security audits, and compliance with GDPR.
- Regular Updates and Continuous Improvement: Agile development practices to ensure continuous platform updates and improvements.
- Legal Consultation: Regular legal consultation to ensure compliance with data protection laws and healthcare regulations.
- Competitive Differentiation: Continuous innovation and adding unique features to stay ahead of competitors.

### 15. Customer Feedback and Continuous Improvement

#### Customer Feedback Mechanisms:
- Regular Surveys: Implementing regular surveys to gather customer feedback about various aspects of the service.
- Feedback Loops: Establishing feedback loops to ensure that user suggestions and complaints are addressed promptly.

#### Continuous Improvement:
- Agile Development: Adopting agile development methodologies to iterate quickly and improve based on feedback.
- Feature Updates: Planning regular feature updates to keep the platform fresh and aligned with user needs.

### 16. Legal and Regulatory Compliance (continued)

#### Regulatory Landscape:
- Healthcare Regulations: Detailed analysis of the regulatory requirements specific to digital health platforms in Denmark and other target regions.
- Ensuring that our platform meets all local health authority guidelines and physicians’ licensing requirements.
- Data Protection Laws: Overview of how the platform complies with global data protection laws like GDPR.
- Establishing procedures to handle user data responsibly, including obtaining user consent and providing transparency about data usage.

#### Legal Team:
- In-House Legal Counsel: Establishing an in-house legal team to handle compliance, contracts, and other legal matters.
- External Legal Advisors: Partnering with local law firms for guidance on country-specific regulations.

### 17. Strategic Partnerships and Alliances

#### Industry Collaborations:
- Healthcare Providers: Forming alliances with hospitals, clinics, and other healthcare providers to expand service offerings.
- Collaborating with Rigshospitalet and other leading hospitals in Denmark.
- Technology Providers: Partnering with tech companies for advanced technology integration (e.g., AI, machine learning algorithms).
- Collaboration with Apple Health, Fitbit, and other tech providers for health data integration.

#### Community and Educational Institutions:
- Wellness Programs: Partnering with gyms, wellness centers, and educational institutions to provide holistic health programs.
- Research Collaborations: Collaborating with universities and research institutions for joint R&D projects.
- Formal agreements with institutions like the University of Copenhagen and Aarhus University for research on AI in healthcare and clinical trials.

### 18. Technology Ecosystem and Integrations

#### Ecosystem Strategy:
- API Integrations: Allowing third-party developers to integrate with the platform, creating a robust ecosystem of applications.
- Health Data Interoperability: Ensuring the platform can seamlessly share health data across different health systems and applications.

#### Technology Roadmap:
- Upcoming Features: Detailed roadmap of upcoming features and technological improvements, including enhancements in AI capabilities and user interfaces.
- User-Centric Innovations: Highlighting how user feedback is incorporated into the technology roadmap.
- Long-Term Integration: Initiatives on future health technologies and services such as genomics testing and virtual reality for tele-health.

### 19. Corporate Social Responsibility (CSR)

#### CSR Initiatives:
- Health Education Campaigns: Conducting health education seminars and webinars to inform the public about various health topics.
- Free seminars for schools, community centers, and public health organizations.
- Free Services for Underprivileged: Offering free or discounted services for underprivileged communities, focusing on improving accessibility.
- Sustainability Initiatives: Launching initiatives aimed at reducing the company’s carbon footprint, such as remote work policies and green commuting options.

#### Environmental Impact:
- Carbon Footprint Reduction: Initiatives aimed at reducing the company’s carbon footprint, such as promoting remote work, adopting green commuting practices, and using renewable energy sources.
- Sustainable Office Practices: Implementing sustainable practices in the physical office, such as recycling programs, energy-efficient appliances, and paperless operations.

### 20. Financial Strategy and Projections

#### Detailed Financial Projections:
- Break-Even Analysis: Providing a detailed break-even analysis, outlining when the business will start to generate profit.
- Projecting break-even in the second year of operations based on conservative revenue growth estimates.
- ROI Estimates: Estimating return on investment (ROI) for different stages of funding and expansion, using conservative and optimistic scenarios.
- ROI projections indicating substantial returns by the end of the third year, with a CAGR of 25% over the first five years.

#### Risk-Adjusted Financial Plan:
- Financial Risk Analysis: Identifying potential financial risks such as market fluctuations, economic downturns, and funding shortfalls, with corresponding mitigation strategies.
- Building reserve funds and diversifying revenue streams to manage unexpected financial challenges.
- Contingency Plans: Establishing financial contingency plans with reserved funds and alternative funding strategies to manage unexpected market changes or economic considerations.

### Conclusion

Our AI-enhanced health platform aims to revolutionize healthcare delivery in Denmark by merging advanced technology with comprehensive healthcare solutions. With a strong managerial team, scalable business model, effective market positioning, and a physical presence in Copenhagen, we aim to deliver unparalleled customer satisfaction and significant growth, both domestically and internationally.

By leveraging AI, fostering strategic partnerships, and prioritizing user-centric design, we are confident in our ability to deliver exceptional health outcomes and customer satisfaction. Our focus on continuous innovation, legal compliance, and market adaptability positions us to lead the digital health transformation in Denmark and beyond.

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### Additional Team Members

- Dietitian: Prof. Dr. Murat Baş, a highly experienced dietitian with an extensive academic career and private sector experience, ensuring that our dietitian services are led by a seasoned expert in nutritional science.
- Developmental Psychologist: Dr. Zeynep Çakmak, who brings a wealth of academic and practical knowledge to the team with a focus on developmental psychology.
- Child Physiotherapist: Pınar Akgöl, a respected professional with long-standing experience in both academic and private sector settings, providing top-notch child physiotherapy services.

These esteemed professionals have long-standing careers in both academia and the private sector, ensuring that the services provided are of the highest quality.

### Proven Success Through Pilot Programs

To validate the practicality and effectiveness of our innovative solutions, we will conduct several pilot programs before the full-scale launch:

1. Initial Pilot Programs:
- Conducted with select user groups in Copenhagen to refine AI algorithms and gather essential feedback.
- Metrics: User satisfaction rates, accuracy of AI diagnostics, improvements in health outcomes.

2. Case Studies:
- Applying learnings from pilot programs and compiling detailed case studies.
- Metrics: Increased efficiency in consultations, higher adherence to health plans, and positive health metrics.

### Comprehensive Competitor Analysis

- Direct Competitors:
- Analysis of existing telehealth platforms in Denmark, identifying strengths and weaknesses.
- Key Competitors: Doctor on Demand, Babylon Health. Successful case studies from these competitors show high user retention and satisfaction with AI-integrated services.
- Our Differentiation: AI-powered personalized healthcare, multilingual support, physical plus digital consultations, and extensive service range.

- Indirect Competitors:
- Traditional healthcare providers and wellness apps.
- SWOT Analysis comparing our services to identify unique selling points.

### Reference Letters and Endorsements

- External Validation: Include endorsements or reference letters from notable figures in the healthcare or tech industry, such as university professors specializing in AI or leading healthcare professionals endorsing the platform.
- Collaboration Agreements: We have formed collaboration agreements with similar companies in the sector to bolster our service offerings and enhance credibility.

iş planını aşağıdaki 4 kritere göre 5 üzerinden puanlar mısın?
The business plans are assessed by a minimum of three members of Startup Denmark’s independent expert panel. Assessments are based on scores from 1 to 5 given in relation to four evaluation criteria. To receive an approval, you need at least 3.5 in average score for all four criteria.

The criteria are defined as follows:

How innovative is the business model?
The expert panel is looking for fundamentally smart business models that seize an opportunity and accelerate the development of a new market or industry. Applications are evaluated in terms of their level of innovation and introduction of new products, services or processes within their field.

How attractive is the market?
When evaluating the attractiveness of a market, the expert panel focuses on market size, commercial potential and barriers to entry. Additionally, the panel evaluates the level of competition in the market and how applicants plan to enter and address the market.

How scalable is the business model?
The expert panel selects startups with a clear potential to create jobs and growth in Denmark. For this reason, the panel values scalability. It should therefore be demonstrated that the business model is built to scale up, that it is highly expandable, and that it represents significant potential for growth.

What competencies and resources does the team possess?
Not only must applicants come up with a great business model, but they must also be capable of building a successful business in practice. The expert panel therefore assesses whether applicants have the skills, competences and experiences needed to turn their business plan into a viable venture. In relation to startups the expert panel also emphasize if the applicants have obtained external funding or if the startupalready has revenue.