Angel Challenge operates as a workshop-based program connecting angel investors with promising startups. The program focuses on early-stage investments, particularly in the seed round, with participants typically investing over 1 million NOK collectively in selected ventures.

Through a series of evening sessions, Angel Challenge facilitates investor analysis and due diligence on a curated group of startups. The program's portfolio includes RxAll, which has raised $5.15 million to date. Angel Challenge's unique approach combines investor education with real investment opportunities, fostering a collaborative environment for both investors and entrepreneurs.