British tech-fund searching for the next Danish IT gem

20 million kroner to be invested into app concepts

Dec 1, 2014

The British-based venture capital fund AppIdea is looking to invest about 19 million kroner into Danish tech-startups as part of a concept that makes use of Scandinavian innovation and eastern-European program development.

Mikheil Chkhartishvili, the managing partner and chairman of AppIdea, is attracted to Scandinavia because of the region's creativity and critical approach to new ideas.

”If it can make it here, it can make it anywhere, so to speak,” Chkhartishvili told the Copenhagen Post.

”The region has already shown itself capable of breaking through with global concepts such as Skype, Instagram or Spotify, and that's why we want to come in and make contact with the next Janus Friis or Kevin Systrom at an early stage.”

AppIdea is aiming to invest in apps concerning B2B2C (Business to Business to Consumer) concepts and sharing economies, and it is looking to invest between 1.5 and 2.5 million kroner into each prospective concept and make a total of about ten investments.

Copenhagen meeting
Appldea already enjoys a strong programming-development foothold in Georgia and the Caucasus region, and the company sees a prospective co-operation between Danish innovation and Georgian technical capability as a winning combination.

”Eastern Europe is rapidly rising to become the next Silicon Valley for tech-production,” Chkhartishvili, who himself is of a Georgian background, said.

”It's a thriving topic in tech circles these days and justly so due to two logical reasons: we are skilled as a people when it comes to mathematics and eastern Europe offers cheaper labour.”

It's early days, but Chkhartishvili will be coming to Copenhagen in January to meet with potential development partners and has already short-listed three interesting projects that AppIdea has decided to move ahead with, although he hopes more Danish ideas will come ticking in.

AppIdea – which aims to have a five-million strong user database by the end of 2015 – has created a special submitting form on appidea.com that they urge Danish developers and idea-makers to use to comprehensively convey their ideas ahead of the company's Copenhagen trip in January.

TOP STORIES

New US Arctic security strategy co-opts Denmark as Russia deterrent

The US Department of Defense on Monday released its 2024 Arctic Strategy – a roadmap for ensuring its interests in Arctic regional security and sovereignty. As it looks to its Arctic and NATO allies for support, Denmark can expect to play a greater role in deterring Russian attacks and land-grabs in the near future.
Anti-whaling activist and Greenpeace co-founder Paul Watson arrested in Greenland

The Canadian-American activist is wanted under a Red Notice issued by Japan. He will be produced before the Sermersooq Circuit Court today, with a request to detain him until a decision is made about his extradition.
Migratory birds bring dangerous ticks to Denmark

The first person in Denmark has been registered as bitten by a hunting tick – a carrier of Crimean-Congo haemorrhagic fever, which has a mortality rate of up to 50 percent. Warmer temperatures caused by climate change mean that the ticks, which previously died during the flight journeys of the migratory birds that carry them, increasingly survive and reach maturity in Denmark.
Planes grounded in CPH as worldwide IT outage hits airlines, media and banks

Major mass IT outages are hitting industries all over the world, with airlines, broadcasters, banks and supermarkets affected.
CrowdStrike director: IT outage issue “has been identifed”

The American cybersecurity company Crowdstrike, whose IT issues have caused chaos in industries all over the world this morning, says it has identified a “defect found in a single content update for Windows”, and is working on a fix.
Foreign labour contributes DKK 76 billion to Danish economy in three months

A new analysis from Dansk Erhverv has found that foreign labour contributed DKK 76 billion to GDP in the first three months of 2024, equivalent to 2.7 percent of Denmark’s total GDP.

Connect club

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Career

How internationals can benefit from joining trade unions

Being part of a trade union is a long-established norm for Danes. But many internationals do not join unions – instead enduring workers’ rights violations. Find out how joining a union could benefit you, and how to go about it.
Internationals in Denmark rarely join a trade union

Internationals are overrepresented in the lowest-paid fields of agriculture, transport, cleaning, hotels and restaurants, and construction – industries that classically lack collective agreements. A new analysis from the Workers’ Union’s Business Council suggests that internationals rarely join trade unions – but if they did, it would generate better industry standards.
Novo Nordisk overtakes LEGO as the most desirable future workplace amongst university students

The numbers are especially striking amongst the 3,477 business and economics students polled, of whom 31 percent elected Novo Nordisk as their favorite, compared with 20 percent last year.

Want to advertise your job with CPH Post?

Jobs

Subscribe to our newsletter

Contact

The Copenhagen Post /
The Post ApS

Ryesgade 106, 2. th

2100 København Ø

CVR: 43916181

Email: support@cphpost.dk

Phone: +45 7174 3199

We are responsible for the content and are registered with The Danish Press Council.

The Copenhagen Post

<?php

add_filter( 'register_post_type_job_listing', function( $array ) {
$array['rewrite']['pages'] = true;

return $array;
} );

British tech-fund searching for the next Danish IT gem

New US Arctic security strategy co-opts Denmark as Russia deterrent

Anti-whaling activist and Greenpeace co-founder Paul Watson arrested in Greenland

Migratory birds bring dangerous ticks to Denmark

Planes grounded in CPH as worldwide IT outage hits airlines, media and banks

CrowdStrike director: IT outage issue “has been identifed”

Foreign labour contributes DKK 76 billion to Danish economy in three months

26 May: ‘Visit Carlsberg’ tour at Home of Carlsberg

28 April: ‘Meet the Danes’ guided tour at the National Museum

20 April: Run around Kastellet

19 April: A guided tour of Christiansborg

6 April: Run around Frederiksberg Have

How internationals can benefit from joining trade unions

Internationals in Denmark rarely join a trade union

Novo Nordisk overtakes LEGO as the most desirable future workplace amongst university students

Want to advertise your job with CPH Post?

Digital Business Consultant

Senior Backend Software Engineer in Housing Journeys

QA EXT. MANUFACTURING SENIOR SPECIALIST & COORDINATOR

Learning & Deployment Manager – Operational Excellence