12 January 2018
Article

New market opportunities through Smart Innovation

During the program, small and medium sized companies get sparring with relevant experts on new opportunities to grow and achieve commercial success. Part of the purpose of Smart Innovation is that the participants gain new market opportunities. And it was especially this opportunity that helped Logos Logit.

“We wanted to expand our product range to other industries and therefore needed to incorporate more technologies in the products. That required intensive knowledge and we needed to figure out whether we should outsource this part or not. Then, as manna from heaven, I talked to a consultant from DTU Science Park, and he mentioned Smart Innovation to us.”- Jannik Holm, CEO, Logos Logit

 

Legal & accounting

Discipline owner: NJORD Law Form & Grant Thornton

Purpose

Ensure that all necessary business documents are in place, comply with legal requirements, and prepare the company for potential future investments.

To ensure that the startup can create reliable and accurate financial reporting and manage its liquidity, essential for conducting business and reporting to investors.

How?
  • 1:1 coaching on using accounting systems, reporting VAT/taxes, and setting up P&L budgets and liquidity budgets.
  • 1:1 coaching on how to use the tools and processes to be ready to attract, hire, and train new employees.
  • You will have access to templates that you can use as inspiration for employment contracts, director agreements, confidentiality agreements, etc.
Outcome
  • Budgets
  • P&L structure (Profit and Loss)
  • Tax including company structure
  • Financial reporting