EASME is a European Union executive agency that supports small and medium-sized enterprises and promotes innovation in Europe. It manages projects in the areas of small and medium-sized enterprises, as well as the environment, energy, and maritime sectors, funded by COSME, LIFE, and EMFF. EASME organizes the European Sustainable Energy Week and serves industries such as environmental management, energy production, and maritime activities.
QDevil aim of enhancing the science in quantum electronics labs, by enabling scientists to focus their effort on the science, instead of constructing auxiliary equipment that already has been developed in other labs. The products of QDevil have been used and thoroughly tested in some of the world’s leading quantum electronics labs. The initial product of QDevil is the QFilter, which has been developed and tested at Harvard University and University of Copenhagen for over five years.
Nornir
Grant in 2019
Nornir is a smart city operator based in Oslo, Norway, specializing in the development of a web-based semantic networking platform that connects physical objects to the internet. The company offers a bijective network, which integrates artificial intelligence services and enhances the Internet of Things (IoT) with collective intelligence. Nornir's platform provides end-to-end software infrastructure and wireless coverage specifically tailored for smart cities, allowing for the monitoring and maintenance of IoT infrastructure. Through its innovative approach, Nornir empowers communities to innovate and create new markets, positioning itself as a leader in network automation and AI-driven services in diverse environments.
EpiGuard
Grant in 2019
EpiGuard is a Norwegian company founded in 2015 by a group of doctors from Oslo University Hospital, alongside co-founders Inven2, Eker Group, and Hansen Protection. The company specializes in the development and manufacture of medical transportation systems designed to safely transfer patients with contagious diseases. EpiGuard's flagship product is a single-patient isolation and transport system that helps prevent the spread of infections to the environment and protects patients from contaminated surroundings. This innovation not only safeguards medical staff but also ensures that patients receive proper care during transport. With expertise spanning various medical fields, including intensive care and infectious diseases, EpiGuard aims to enhance safety and efficiency in patient transport.
Pre Diagnostics
Grant in 2019
Pre Diagnostics is an innovative Norwegian diagnostic company that seeks to create value for patients, partners, and investors by developing pioneering and patient-friendly, in-vitro diagnostic (IVD) products for early detection of diseases. The company’s proprietary concept is built upon the scientific premise that a disease evokes systemic responses in macrophages unique to that disease which can be accurately measured in the blood samples of patients. Pre Diagnostics aims to be a leader in the diagnosis of early Alzheimer’s disease and is thus focused on the development of IVD biomarker products that use well-established technologies and procedures.
Trackwell
Grant in 2019
Trackwell Ltd is an Icelandic company established in 1996, developing solutions for wireless communication networks. Trackwell has a proven track record in developing mission-critical systems for telecom operators, governmental institutions and other organisations. An innovative team of professionals with vast experience has established the company as a leading provider of Mobile Resource Management (MRM) solutions delivered as software as a service (SaaS) for enterprises. Trackwell MRM provides companies with tools to manage their resources: employees, vehicles, vessels and other mobile assets including functionality like time-, task-, and fleet management. Hundreds of companies manage thousands of employees and over ten thousand land, sea and air-borne vehicles via the Trackwell MRM systems, every day. The Trackwell Mobile Resource Management offer state of the art services to manage their fleet and workforce.
Svarmi
Grant in 2019
Svarmi is an Icelandic company that focuses on unmanned aerial vehicles (UAVs) for applications such as aerial photography and mapping, as well as other specialized tasks. In addition to its UAV offerings, Svarmi has developed a software platform aimed at assisting organizations in building essential digital infrastructure. This software includes a data analytics pipeline that establishes consistent metrics related to biodiversity and aligns with nature-related financial disclosure frameworks. It also facilitates the evaluation of new infrastructure projects, enabling geologists to obtain detailed reporting on their environmental impact.
Capitainer
Grant in 2019
Capitainer AB, based in Stockholm, Sweden, specializes in manufacturing innovative blood collection devices for micro sampling, allowing patients to collect their own volume-defined dried blood spots at home. Founded in 2016, Capitainer's technology offers a more accurate and convenient alternative to traditional blood sampling methods, significantly reducing the need for patients to travel for tests. By facilitating remote blood sample collection that can be sent to laboratories through regular mail, Capitainer enhances the efficiency of healthcare providers and contributes to cost and environmental savings associated with managing conventional blood samples.
BoMill
Grant in 2019
BoMill AB specializes in grain quality sorting solutions, focusing on the analysis and separation of granular products such as wheat, durum wheat, barley, and oats. The company offers two main products: TriQ, a large-scale grain quality sorting solution, and IQ, designed for laboratory use. Founded in 2001 by Swedish biochemist Bo Löfqvist, BoMill has extensive expertise in single kernel sorting technology. The company provides additional support services, including customer care and installation, and serves various sectors such as seed cleaning, malt houses, and flour mills. Headquartered in Malmö, Sweden, BoMill markets its technology and know-how across Europe, North America, and Australia, utilizing its own sales organization as well as agents and distributors.
Pila Pharma
Grant in 2019
Pila Pharma AB is a clinical stage biotech company based in Malmö, Sweden, focused on developing XEN-D0501, a potent and selective TRPV1 antagonist. This molecule is being investigated as a treatment for type 2 diabetes, obesity, and the rare and painful condition erythromelalgia. XEN-D0501 has undergone testing in approximately 300 subjects across phase 1 and 2 trials, demonstrating a favorable safety profile in both healthy volunteers and patients with various conditions, including type 2 diabetes. The compound has shown efficacy in improving glucose-stimulated insulin secretion in type 2 diabetics. Recent preclinical safety studies for XEN-D0501 have been completed without adverse effects, allowing the company to advance to clinical trials lasting up to three months. In July 2022, Pila Pharma received US Orphan Drug Designation for XEN-D0501 for its application in treating erythromelalgia.
Joma International AS
Grant in 2019
Joma International AS is a nanotechnology company located in Bergen, Norway. They specialise in titania nanoparticles and photocatalysis. Joma was founded in 2005 with a plan to mine and utilize various metals from the mountain Joma in mid-Norway. The focus later turned towards titania and how to make nanoparticles from this material. During a thorough development phase they created a unique nanoparticle with a patented and scalable production process. Joma is an R&D driven company and they are actively exploring new areas of use for their particle. In 2014, they built up an in-house lab for analysis and development, which allows us to formulate products with their tiny particles as the key component. The development work is driven by close collaborations with their customers, to find the best suited products for their needs. They have high standards when it comes to quality and performance, and are committed to their customers. They make surface treatment products for many different surfaces, because they do not believe that one single product can serve all applications. Their products which are tailor-made for concrete are now ready to hit the market – to make the world a cleaner place.
Mussila
Grant in 2019
Mussila is an Icelandic EdTech company focused on providing innovative digital learning solutions for children, specifically in music education. The company employs a unique Learn, Play, Create methodology that combines gaming with classical music courses to engage children in learning music through enjoyable exercises. Mussila's award-winning apps are designed to keep children motivated while they learn to play musical instruments, fostering creativity and a love for music in a fun and interactive way.
Greenbird Integration Technology
Grant in 2019
Greenbird Integration Technology AS is a software and solutions company based in Oslo, Norway, with additional offices in Stavanger and Palo Alto. Founded in 2009, Greenbird specializes in IT advisory services and integration solutions for both public and private organizations across Europe. The company offers a platform known as Utilihive, designed as a domain-specific integration platform as a service (iPaaS) tailored for utilities, facilitating the digital transformation of smart grids, smart cities, and the industrial Internet of Things. Utilihive supports over 65 million clients in regions including Scandinavia, Germany, the UK, the Middle East, and the Far East. Greenbird also provides consulting services in strategic advisory, enterprise architecture, and solution design. In August 2023, Greenbird was acquired by GE Vernova, leading to the rebranding of its technology platform, now known as GridOS Connect, which serves as the foundation for the GridOS Data Fabric.
ProtectPipe
Grant in 2019
ProtectPipe is a Finnish microbiotechnology company producing an innovative microbe solution that removes organic waste from drainpipes. The microbe solution moves to the areas with build-up in the pipes and devours the waste. That is an ecological way to stop the erosion in pipes and prevent any harmful waste from entering the fragile environment.
EmeraMed
Grant in 2019
EmeraMed Limited is a privately held limited liability company (corporation) organized and headquartered in the Republic of Ireland. The Company currently operates in Ireland, Sweden, and the United States. The Company’s ownership group is primarily composed of physicians, dentists, and patients with personal experience of the product from when it was previously sold as a dietary supplement. If you are interested in learning more about the Company, please use our Contact page to request additional information.
SagaNatura
Grant in 2019
SagaNatura is a dynamic Icelandic biotech company, located in one of the most pristine environments on earth – Iceland. SagaNatura focuses on development, production and export of health product from premium Icelandic ingredients. SagaNatura is a leading Icelandic dynamic biotech company, located in one of the most pristine environments on earth – Iceland. SagaNatura‘s focuses on and produces the Icelandic pure, natural form the wild growing organic herb Archangelica Angelica and high-quality Astaxanthin. SagaNatura offers consumer products Icelandic origin that is high quality, safe and vegan-friendly. SagaNatura has two major brands, SagaMedica (est. 2000) and KeyNatura (est. 2014).
Gedea Biotech
Grant in 2019
Gedea Biotech AB, founded in 2015 and based in Lund, Sweden, focuses on developing an antibiotic-free treatment for vaginal fungal infections, a common issue affecting approximately 75% of women at some point in their lives. The company's key product, GA101, utilizes natural substances to lower vaginal pH, provide physical barrier protection, and inhibit biofilm formation. This innovative approach aims to offer a safe and effective solution for treating and preventing vaginal infections without the use of antibiotics. Gedea Biotech is committed to addressing women's health needs through its unique treatment options.
Minnemera
Grant in 2019
Minnemera is a company based in Stockholm, Sweden, that specializes in developing digital cognitive screening tools. Founded in 2017, the company focuses on creating neurocognitive tests that automatically compare individual results with normative data and personal baseline values to identify abnormalities. This innovative approach aims to enhance the assessment of cognitive function and support healthcare professionals in diagnosing and monitoring cognitive health.
Seaweed Solutions
Grant in 2019
Seaweed Solutions AS is a seaweed cultivator and innovator established in 2009, focusing on large-scale ocean farming of seaweed for various applications, including food, feed, pharmaceuticals, and biomaterials. The company has established itself as a leader in European seaweed cultivation, controlling the entire value chain from proprietary seed hatcheries to processing plants. With a patented cultivation technology called Seaweed Carrier, Seaweed Solutions combines extensive knowledge in marine biology and engineering to pioneer modern seaweed farming practices. Its primary operations are based in Norway, where it manages the largest seaweed farms in Europe dedicated to brown macroalgae. The company's objectives include becoming the leading supplier of cultivated biological seaweed and seaweed seeds in Europe. Additionally, Seaweed Solutions forms partnerships and offers turnkey solutions related to cultivation technology, raw material sourcing, market development, and environmental services, thereby supporting sustainable practices in the seaweed industry.
Attavik
Grant in 2019
Attavik A/S is an innovative technology company originating from Greenland and currently based in Denmark, focused on addressing mobile phone and internet connectivity challenges in rural areas with limited or no coverage. The company's solution leverages a patented technology that facilitates affordable mobile and internet connections through an Adhoc peer-to-peer mesh network. This network allows personal devices to communicate over distances of up to 8 kilometers using Super Wi-Fi technology. Attavik's platform enables users to send text messages, make voice calls, and share data and video, all without relying on centralized servers or traditional telecommunications infrastructure. By providing an effective alternative to conventional service providers, Attavik aims to enhance connectivity for users in underserved regions.
Goava
Grant in 2019
Goava, founded in late 2016 by Jonas Ehne, Henrik Stridsberg, Carl Hall, and Johan Rogebrant, operates a sales intelligence platform that helps businesses identify and target qualified leads. Utilizing big data and machine learning, Goava's platform provides sales teams with accurate and actionable insights through a user-friendly digital interface. This enables companies to efficiently track leads and customers, streamlining their sales processes. Additionally, Goava has received a publishing certificate from the Swedish Press and Broadcasting Authority, further establishing its presence in the market.
Elypta
Grant in 2019
Elypta AB is a molecular diagnostic company based in Stockholm, Sweden, specializing in the development of a metabolism-based liquid biopsy platform aimed at the early detection and monitoring of cancer. Founded in 2017, the company focuses on measuring biomarkers in blood and urine, employing machine learning and artificial intelligence algorithms to identify cancer signatures. Elypta is actively conducting the AURORAX clinical trial series to explore applications for its platform, particularly in renal cell carcinoma, while also investigating other cancer indications. The technology includes a new in vitro diagnostic laboratory assay kit, which enables comprehensive profiling of glycosaminoglycan metabolites and supports a range of applications from screening to treatment response monitoring, facilitating earlier interventions in cancer care.
QDevil
Grant in 2019
QDevil aim of enhancing the science in quantum electronics labs, by enabling scientists to focus their effort on the science, instead of constructing auxiliary equipment that already has been developed in other labs. The products of QDevil have been used and thoroughly tested in some of the world’s leading quantum electronics labs. The initial product of QDevil is the QFilter, which has been developed and tested at Harvard University and University of Copenhagen for over five years.
Modvion
Grant in 2019
Modvion is a Swedish/ American Engineering and Industrial Design company developing modular designs in renewable engineered wood product materials to simplify and improve construction logistics. Their current area of focus is in wind tower technology. Modvion´s patented module technology enables significantly decreased cost, efficient transportation and streamlined installation of towers exceeding 120 m. Ultimately, this results in increased cost efficiency in the harvesting of wind resources.
OnDosis
Grant in 2019
OnDosis is a company focused on transforming medication delivery through its proprietary technology, which allows for flexible and individualized dosing of oral medicines formulated as micro units. The company aims to enhance disease management, support patient adherence, and improve convenience for individuals with conditions such as ADHD, pain management, and organ transplant immunosuppression. By offering improved dosing options, OnDosis seeks to address significant healthcare burdens and ultimately enhance patient outcomes. Founded in 2017 and headquartered in Gothenburg, Sweden, OnDosis emerged from research initiated at AstraZeneca and is supported by strategic partnerships in formulation, device development, regulatory affairs, and business development. The company's innovative dosage manager integrates digital technologies with conventional drug treatments, positioning it to make a meaningful impact in personalized medicine.
ChemoTech
Grant in 2019
ChemoTech is a Scandinavian company based at Medicon Village in Lund, Sweden. The company’s founders have extensive experience of cancer treatment through surgical oncology and clinical development. The company is dedicated to using its unique patented know-how to develop innovation in cancer care through genuine research and clinical trials.
BioMensio
Grant in 2019
BioMensio Ltd. is a biotechnology company based in Tampere, Finland, established in 2015. It specializes in developing smart multi-analyte handheld detection devices for bio-analytics, providing rapid and on-site detection of various biological targets from a small sample in a single step. The company's offerings include a novel miniaturized micro-array platform that supports the quick development of new bio-screening applications, which are applicable in areas such as saliva testing, food and milk safety, point-of-care diagnostics, and bio-security. BioMensio's technology enables the creation of label-free assays, allowing for the detection of multiple analytes without the need for labeling procedures. Additionally, its Diagnostics-as-a-Service (DXaaS) platform integrates a handheld reader, multianalyte fluid cartridges, and cloud-based analytics, facilitating easier access for original equipment manufacturers (OEM) to develop bio-analysis products and services.
Scandion Oncology
Grant in 2019
Scandion Oncology A/S is a biotechnology company based in Copenhagen, Denmark, focused on developing treatments for chemotherapy resistance in cancer patients. Founded in 2017, the company is advancing its lead product, SCO-101, which is currently undergoing Phase II clinical trials for breast and colorectal cancers. Additionally, it is working on SCO-201, a product in late pre-clinical development aimed at treating solid tumors. Scandion Oncology collaborates with the University of Copenhagen to co-develop SCO-301, a candidate designed to reverse drug resistance, and has partnered with Per Norlén to investigate the combined anti-tumor effects of mitazalimab and SCO-101 in resistant tumor models. The company's mission is to enhance treatment outcomes and quality of life for cancer patients who experience chemotherapy resistance, addressing a significant challenge in oncology where nearly half of patients do not respond to chemotherapy.
Samplix
Grant in 2019
Samplix is a biotechnology company based in Herlev, Denmark, focused on single-molecule sample preparation for DNA and RNA. It has developed the Xdrop™ technology, which utilizes a unique “water-oil-water” droplet system to create millions of reaction chambers for handling individual DNA molecules. This innovative approach allows for targeted enrichment of large DNA fragments and enables researchers to sequence specific genetic regions effectively. Samplix's technology addresses the limitations of existing multi-molecule preparation methods, providing enhanced precision and sensitivity while simplifying the sample preparation process. Its solutions empower scientists to make informed research decisions, particularly in applications related to virus integration and CRISPR editing.
Elliptic Labs
Grant in 2019
Elliptic Laboratories A/S, headquartered in Oslo, Norway, specializes in software-based artificial intelligence (AI) virtual smart sensors for various industries, including smartphones, IoT, laptops, and automotive. Established in 2006, the company offers a range of AI virtual sensors that include security, proximity, gesture, and presence detection. Its Virtual Smart Sensor Platform™ utilizes existing device sensors, enabling manufacturers to create more intuitive and efficient devices while reducing the need for dedicated hardware. This platform provides capabilities such as 360-degree presence sensing and touch-free gestures through advanced ultrasound and machine learning algorithms. Elliptic Labs operates in multiple countries, including the United States, China, South Korea, and Japan, positioning itself as a leader in AI sensor technology.
Brain Stimulation
Grant in 2019
Brain Stimulation AB is a Swedish SME started in 2011 with the aim to provide an efficient assessment and rehabilitation after stroke and traumatic brain injuries. Exploiting brain plasticity results from research within a new concept of rehabilitation and diagnosis of cognitive impairments and disability of attention in stroke patients (Spatial Neglect). They address the global challenge of rehabilitating need for cognitive and upper limb impairments from Stroke, Dementia, Traumatic Brain Injuries, Parkinson and other degenerative brain diseases by using Enriched Rehabilitation.
Hefring Marine
Grant in 2019
Hefring Marine is an Icelandic startup based in Reykjavík that specializes in advanced marine technology. The company offers the Intelligent Marine Assistance System (IMAS), an AI-driven software solution designed to enhance safety and efficiency for both manned and unmanned vessels. IMAS utilizes artificial intelligence, machine learning, and Internet of Things (IoT) technologies to provide real-time navigation guidance, helping operators minimize risks associated with inexperience and improving situational awareness. The system significantly reduces fuel consumption and carbon emissions, with potential savings of up to 25%, and mitigates wave slamming impacts by as much as 70%. This approach not only protects crew and passengers but also minimizes damage to vessels and equipment, ensuring a safer and more comfortable marine experience.
Raytelligence
Grant in 2019
Raytelligence AB, a subsidiary of Swedish Adrenaline founded in 2015, specializes in developing microwave sensors for the healthcare and industrial markets. The company focuses on vital sign monitoring, offering products such as the RayVS1 sensor, which is capable of monitoring heartbeat, movement, and body position. Raytelligence's innovative solutions include cloud-based signal processing and analysis services, facilitating home monitoring for users. The company has received recognition for its advancements, including a grant from the Swedish Innovation Bureau to support the development of its radar sensor technology. Since its inception, Raytelligence has successfully certified its sensor for home use and established partnerships for sensor development in various applications, including the road construction industry and e-Health initiatives. The team at Raytelligence combines expertise in industrial design and radar signal processing, positioning the company as a key player in the sensor technology sector.
Ekowasher
Grant in 2018
Ekowasher is a manufacturer and developer based in Stockholm, Sweden, specializing in eco-friendly washing systems. The company designs and produces closed, water-efficient cleaning solutions that minimize environmental impact. Its inaugural product, Hullwasher, was introduced in 2015 for cleaning the bottoms of boats. In 2018, Ekowasher expanded its product line with the launch of Graffiti blades, which are designed for effective graffiti removal on various surfaces. The company focuses on providing environmentally optimized washing systems that significantly reduce water consumption.
Meo
Grant in 2018
Meo, founded in 2015 and based in Copenhagen, Denmark, operates a user identity platform designed to enhance trust in the internet economy. The platform enables compliance teams in regulated sectors to verify customer identities securely, thereby mitigating financial, reputational, and legal risks. It simplifies the management of customer data, allowing businesses to obtain, handle, and store information from both individuals and organizations while ensuring compliance with privacy regulations. By facilitating secure data sharing and implementing measures to prevent money laundering, Meo empowers users to maintain control over their personal data and identity online.
RoboFit ApS
Grant in 2018
RoboFit ApS is a Danish company located in Christiansfeld that specializes in the manufacture and marketing of a rehabilitation robot designed to assist individuals with very weak muscles in exercising their shoulder region. This innovative technology enables patients to train effectively by utilizing the full range of motion of the shoulder, making the rehabilitation process both measurable and motivational.
IRLAB Therapeutics
Grant in 2018
IRLAB Therapeutics AB is a Swedish research and development company focused on creating innovative treatments for neurological disorders, particularly Parkinson’s disease. The company is advancing several drug candidates, including Mesdopetam, a dopamine D3 receptor antagonist, and IRL752, which targets postural dysfunction. Both compounds have successfully completed Phase IIa clinical trials. Additionally, IRLAB is exploring other research programs aimed at addressing neurodegenerative disorders and aging, such as IRL942, P001, and P003, which seeks alternatives to levodopa for Parkinson’s treatment. By focusing on the core dysfunctions associated with Parkinson’s disease and dementias, IRLAB aims to enhance the quality of life for patients suffering from these conditions. The company is headquartered in Gothenburg, Sweden.
Klaria Pharma Holding
Grant in 2018
Klaria Pharma Holding AB is a Swedish pharmaceutical company that specializes in the development and commercialization of innovative rapid-acting products for managing migraine and cancer-related pain. Utilizing a patented drug delivery platform, the company employs an alginate-based polymer film that adheres to the oral mucosa, enhancing the efficacy of well-established pharmaceuticals. Klaria's approach combines advanced technology with proven medications, offering significant benefits and potential applications for patients. The majority of the company's operations are based in Sweden, where it focuses on improving treatment options for pain management.
Comptek Solutions
Grant in 2018
Comptek Solutions Oy, founded in 2017 and based in Turku, Finland, specializes in developing advanced surface engineering technology known as Kontrox. This quantum-level process is designed to create defect-free surfaces for compound semiconductor devices, addressing the critical issues of oxidation that lead to performance limitations in products like MicroLEDs, lasers, and power electronics. By improving the crystalline quality of III-V-based semiconductors, Kontrox technology significantly enhances device performance, achieving notable improvements such as a 250% increase in efficiency and a 90-fold reduction in power consumption. Comptek Solutions has applications across various sectors, including optoelectronics and radio frequency technologies. The company has gained recognition for its innovative approach, receiving a Horizon2020 SME phase I grant from the EU in 2018 and being shortlisted as a top semiconductor spinoff in the inaugural Spinoff Prize competition by Nature Research in 2020.
Gleechi
Grant in 2018
Gleechi AB, founded in 2014 and based in Stockholm, Sweden, specializes in developing software solutions that facilitate natural interactions between humans, computers, and robots. The company has created a pioneering software product that allows for real-time hand motion interaction, enhancing user experiences in virtual reality and gaming, as well as enabling advanced interaction capabilities for robotic hands. Gleechi's innovations are rooted in sophisticated computer vision and machine learning algorithms. The company has received notable accolades, including the Super Startup of the Year award from Veckans Affärer and ALMI Invest, the EIT Digital Idea Challenge in Europe, and the Startup of the Year award from STING (Stockholm Innovation & Growth).
AcouSort
Grant in 2018
AcouSort is a Swedish company specializing in the development and sale of laboratory products and integrated solutions that utilize ultrasound technology for the separation, washing, and enrichment of biological samples. Its offerings cater to researchers and life science companies, focusing on the automated preparation of samples such as blood cells, bacteria, and extracellular vesicles. The technology is rooted in acoustofluidics research from the esteemed group led by Professor Thomas Laurell at Lund University's Department of Biomedical Engineering. Key products include AcouTrap, AcouWash, and AcouPlasma, which facilitate efficient handling of microscopic particles in microfluidic channels for research and diagnostic applications.
720 Degrees
Grant in 2018
720 Degrees Oy specializes in developing a cloud-based analytics solution for monitoring indoor environmental quality. Founded in 2012 and based in Helsinki, Finland, with an additional location in New York, the company offers a range of sensors and software that collect and analyze real-time data on air quality, thermal comfort, and noise pollution. Their air quality sensors measure various parameters, including temperature, relative humidity, carbon dioxide, total volatile organic compounds, and particulate matter. The platform aims to enhance workplace health and satisfaction, allowing organizations and building owners to create optimal working environments. By leveraging artificial intelligence and data-driven insights, 720 Degrees enables businesses to improve office conditions, promote occupational health, and enhance overall job satisfaction and performance.
Airofit
Grant in 2018
Airofit is a Danish company that offers a specialized training system designed to strengthen the lungs and improve breathing. Originally developed for medical applications to assist patients with respiratory issues such as asthma and bronchitis, Airofit's equipment focuses on training the diaphragm and intercostal muscles. The system gradually increases the workload on the respiratory system, leading to enhanced breathing power and efficiency. While initially aimed at medical patients, Airofit has proven effective for a broader audience, including athletes seeking to boost endurance and respiratory strength, as well as singers and musicians who benefit from improved coordination and sound quality. The company's innovative approach not only enhances respiratory capacity but also helps reduce the reliance on medications for individuals with chronic respiratory conditions.
Stayble Therapeutics
Grant in 2018
Stayble Therapeutics AB is a clinical-stage pharmaceutical company based in Gothenburg, Sweden, focused on developing an innovative injection treatment for chronic low back pain caused by degenerative disc changes. The company's primary product, STA363, is an intradiscally injected formulation designed for patients who do not experience relief from conventional treatments such as analgesics and physiotherapy. This minimally invasive treatment aims to address the underlying causes of discogenic pain by stabilizing the disc and preventing the leakage of inflammatory mediators. STA363 is administered as a single injection, with the potential for long-lasting effects and minimal rehabilitation requirements. The experienced multidisciplinary team behind Stayble Therapeutics includes renowned researchers and seasoned professionals from the pharmaceutical industry, all dedicated to alleviating the suffering of millions impacted by chronic back pain.
Cellink
Grant in 2018
Cellink is a biotechnology company and one of the first bioink companies in the world. The company leverages its bioink and 3D printing technology to print human organs and tissue models, which potentially can be used in e.g. oncology research, drug testing, and cosmetic testing. The company’s vision is to create the future of medicine by making bioprinting technology as accessible, user-friendly, and high performing as possible. Cellink has offices in Gothenburg, Sweden, and Palo Alto, California, and collaborates with different organizations across the globe.
Tracegrow
Grant in 2018
Tracegrow is a Finnish cleantech company operating in the circular economy. They are the only company in the world that has developed an innovative technology to extract, purify and reuse the vital trace elements Zinc and Manganese from alkaline batteries and circulate them safely back to the nature as the world’s most ecological Zinc and Manganese-based micronutrient products for farming. They strive to minimize the exploitation of their planet’s limited resources by reusing them wisely. Their clean technology innovation provides a solution to two global challenges: the ecological reuse of the trace elements in alkaline batteries and nourishing farmland suffering from micronutrient deficiency.
Think Outside
Grant in 2018
Think Outside AS is a technology startup based in Bergen, Norway, specializing in the development of advanced real-time radar equipment for avalanche sensing and outdoor applications. Founded in 2017, the company focuses on producing innovative products that enhance safety in skiing and hydropower sectors. Its flagship product, Sknow, provides skiers with real-time data on snow layers directly beneath their skis, including information on snow depth, layering, density, and snow water equivalent (SWE). By integrating software solutions with its hardware, Think Outside aims to reduce health and safety risks associated with skiing in avalanche-prone areas, enabling users to make informed decisions regarding slope conditions and potential hazards.
Airmee
Grant in 2018
Airmee is a logistics company based in Stockholm, Sweden, specializing in last-mile distribution solutions for e-commerce businesses. Founded in 2016, Airmee offers same-day and express delivery services, utilizing a technology-driven platform that incorporates machine learning and proprietary optimization techniques. This platform allows e-commerce companies to schedule and manage their delivery routes in real time, ensuring efficient and timely service. By focusing on environmentally sustainable practices, Airmee aims to enhance the delivery experience while minimizing the environmental impact of logistics operations. As one of Europe's rapidly growing logistics startups, Airmee is positioned to streamline supply chain processes and improve overall delivery efficiency for its clients.
CytaCoat
Grant in 2018
CytaCoat is developing a new technology of antibacterial coating for medical devices. CytaCoat AB is a private Swedish company located in the Karolinska Institutet Science Park AB in Solna (Stockholm area). The company was founded by a group of researchers from the Karolinska Institute, one of the foremost medical universities in the world, and the Royal Institute of Technology (KTH). It was a special purpose vehicle started with a goal to develop a new technology of antibacterial coating for medical devices. It was based on a discovery that their proprietary polymer surface exhibits a clear effect on several of the most problematic pathogenic bacteria that pose problems in healthcare today. Since then, the company has been focused on transforming this innovation into a fully viable commercial product and make it available through licenses. CytaCoat has a fully equipped laboratory in the Karolinska Institutet Science Park, where both microbiology evaluation, optimisation of the CytaCoat technology and a pilot plant production can be performed. The company has also established contacts with clinical collaborators at Karolinska University Hospital Neonatal Unit and the Division of Clinical Microbiology. CytaCoat has also been cooperating with experienced consultants in regulatory, clinical research organisations, patent experts and providers of specialist analyses.
Cognibotics
Grant in 2018
Cognibotics AB, based in Lund, Sweden, specializes in methods and services aimed at improving the performance and longevity of robotic systems. The company focuses on determining critical robot properties such as backlash, friction, and non-linear compliance, which are essential for effective operation in various applications. Cognibotics offers innovative solutions for joint property assessment that enable robots to function in areas where traditional calibration methods fall short. Additionally, the company provides techniques for monitoring mechanical wear and maintenance needs, enhancing the reliability and cost-effectiveness of robotic systems. By improving accuracy and predictability in robotic joint and link designs, Cognibotics supports the development of both new robots and the programming of cooperative robots, thereby expanding their application potential and lifespan.
Asco Harvester
Grant in 2018
Asco Harvester produces a marine mower that mows marine vegetation by the seacoast along with cleaning waste and garbage which increasingly piles up in vulnerable places. Asco is easy to manage and has alot of safety equipment on board. Asco is solid, highly technical and has been modified by innovative developments in recent years. Asco is suitable both for water catchments and in difficult weather conditions at sea thus the Asco reaches different target groups. Asco is designed and constructed from scratch in Iceland. All types of Asco have similar characteristics, therefore most equipment can be used in various Asco types.
Olfactomics
Grant in 2018
Olfactomics is a Finnish university-based spinoff company focused on advancing surgical tissue assessment technology, particularly in breast-conserving lumpectomies. The company has developed innovative energy-based surgical instruments that analyze surgical smoke, which contains critical information about the operated tissue. This real-time analysis enhances the surgeon's situational awareness during procedures, allowing for the detection of cancerous tissue at margins that might otherwise be overlooked. By improving the accuracy of tumor removal in a single operation, Olfactomics aims to minimize the resection of healthy tissues and reduce the likelihood of costly re-operations.
Xzero
Grant in 2018
Xzero is a Swedish company that has spent 20 years in R&D for a new technology for process water in the micro- and nanoelectronics industries. The basic idea is to recycle the water from waste water into Ultrapure Water. The most recent challenge has been to remove nanoparticles in order to make sure these are not spread in the environment and not enter the Ultrapure Water used in cleaning of the nanoelectronics. Third party tests done by The Royal Institute of Technology and Swedish Environmental Research Institute (Sweden), Clarkson University (US), Manta Inc(US) and Anton Paar (Austria) have confirmed that Xzero technology is more efficient than existing technologies in removing nanoparticles from water. In January 2015, Xzero started to industrialize the technology in co-operation with researchers at the Royal Institute of technology in Stockholm, Sweden and at the leading European organization for microelectronics development – imec in Leuven, Belgium. Testing of the first full scale prototype of the industrialized equipment commenced in August 2016 and final industrialized equipment is slotted to be delivered to imec during the first half of 2019. In order to complement the researchers already working on the project, Xzero is recruiting experienced and professional engineers for the industrialization work and experienced sales people for tha marketing. In the commercialization phaseXzero will continue working with imec. Imec has offices in Belgium, the Netherlands, Taiwan, USA, China, India and Japan and a staff of about 2,400 people including several hundred of industrial residents from leading international nanoelectronics companies. Through imec we will be able to reach the largest part of Xzero’s future customers.
TILT Biotherapeutics
Grant in 2018
TILT Biotherapeutics Ltd is a preclinical stage biotechnology company based in Helsinki, Finland, specializing in the development of genetically modified oncolytic viruses aimed at enhancing cancer treatments. The company's patented technology focuses on using these viruses to improve tumor T-cell therapies, including tumor-infiltrating lymphocyte (TIL) and chimeric antigen receptor (CAR-T) therapies, as well as checkpoint inhibitors. TILT Biotherapeutics is recognized as a leader in the global market for integrating oncolytic viruses with cancer immunotherapy. Their product pipeline includes TILT-123, TILT-234, and TILT-321, which are designed to modify the tumor microenvironment and counteract its suppression of immune responses. The innovative approach has the potential to replicate the successes seen in CAR-T therapy for solid tumors, similar to those achieved in hematological cancers.
Comparo.dk
Grant in 2018
Comparo.dk is an online service that helps its users find the cheapest car and travel insurance packages. It was launched on June 17, 2013 and is based in Copenhagen, Denmark.
Peerpilot
Grant in 2018
PeerPilot ApS is a Copenhagen-based company that operates a performance-based talent assessment platform designed to streamline the recruitment process. Founded in 2013, the platform facilitates mass candidate screenings and individual recruitments by allowing candidates to collaborate on job-specific business cases in a virtual environment. It evaluates and scores candidates based on their activity, impact, and collaboration during these tasks. By automating the screening and assessment process, PeerPilot enables employers to analyze real-time social work data to identify the most suitable candidates for their roles, thereby enhancing the overall hiring experience.
ColdZymes
Grant in 2018
Coldzymes develops enzymes from microorganisms isolated from cold environments from all over the World, e.g. from Greenland, Alaska, Svalbard, Antarctica. Cold-active enzymes from Coldzymes may be used in novel industrial processes that are more - Economic, due to lower consumption of fossil fuel - Efficient, due to increased specific activity of cold-active enzymes - Hygieinic, because food spoilers do not grow at low temperatures Coldzymes’ enzymes are developed in accordance with the Convention on Biological Diversity. Coldzymes is a project under the multi-disciplinary and multi-national initiative Greenland Perspective that brings together researchers, civil society, industry and authorities to explore how Greenland’s human and natural resources can be used to develop new technologies, business opportunities and societal models.
Glucostratus
Grant in 2018
Glucostratus Ltd develops innovative solutions for remote monitoring of blood glucose levels, primarily targeting patients with diabetes and healthcare professionals. Founded in 2005 and based in Helsinki, Finland, the company provides a cloud-based platform that captures blood glucose data via mobile technology, enabling patients to share their results with healthcare providers. This system allows professionals to set personalized targets and receive automated alerts regarding any deviations, facilitating effective remote monitoring of insulin treatment. Additionally, Glucostratus offers a digital solution for diagnostic testing and generates comprehensive reports in accordance with treatment guidelines. Their services include a user-friendly IoT solution designed for elderly diabetics, ensuring accessibility for those with limited technological skills and addressing the growing needs of the home care sector.
Tocircle
Grant in 2018
Tocircle is a mechanical technology company. Tocircle Industries was founded in 2003 to develop and bring to market a new kind of rotary vane machine based on the ideas of Norwegian inventor Kjell Vading. Several years of development, piloting and testing i.a. with oil company Statoil and at the Norwegian University of Life Sciences have proven and qualified the Tocircle concept. Design of specialized units has been commissioned by industry majors. The global importance of environmental protection, resource conservation and climate protection is increasing, creating a demand for new and more efficient solutions. Tocircle Industries focuses on energy recovery and energy production. Their technology provides significant environmental improvements to industries such as electricity generation, oil and gas development, water/desalination plants, maritime industries and transportation. Tocircle Industries aims to become one of Norway’s most reputable, profitable and well-known industry players for energy efficiency, electricity production and oil and gas solutions. The company is publicly owned. Tocircle co-operates with Norwegian research institute IFE, is a partner of OREEC and member of German industry association B.KWK.
Quiske
Grant in 2018
Quiske is a Finnish technology startup developing a Rowing Performance (RowP) system which helps you become a better rower. The RowP System consists of and app and a pod that together can measure, analyze and provide real time feedback on your rowing, so that you can improve and fine tune your technique, which is especially important when rowing in a crew. Its SW automatically sniffs for rowing strokes and produces real time feedback on both boat specific metrics (boat acceleration and velocity) as well as rower specific metrics (oar and seat work of individual rowers).
Aqua-Q
Grant in 2018
Aqua-Q is a Swedish cleantech company with over 20 years of experience in water management and treatment. The company specializes in developing innovative products and processes aimed at ensuring safe and clean water for drinking, treated wastewater, and reuse. Aqua-Q's systems enable water utility operators to detect waterborne outbreaks in a timely manner, allowing for immediate intervention to minimize potential consequences. The company offers modular ozone disinfection systems and holds patents for technologies that effectively eliminate Legionella bacteria in water systems, as well as cold water disinfection methods that verify and disinfect the cleanliness of tanks and pipes. Their solutions are applicable across various industries, including dairy, breweries, and bottled water manufacturing, and provide critical early warning monitoring and automatic biological sampling for pathogen detection, ensuring proactive management of water quality.
Gradientech
Grant in 2018
Gradientech AB is a biotech company based in Uppsala, Sweden, specializing in the development and supply of microfluidic products for analyzing cell migration and behavior in response to signaling gradients. The company offers a range of CellDirector products designed for research applications, including the CellDirector Opal and CellDirector Ruby, which facilitate studies on endothelial cell migration, angiogenesis, and tumor cell behavior. Additionally, Gradientech provides complementary tools such as Gradient Marker solutions for visualizing gradient formation, a syringe pump for precise fluid delivery, and a vacuum pump for conducting experiments at elevated temperatures. The company also features the QuickMIC® system for ultra-rapid antibiotic susceptibility testing, which enhances the capabilities of microbiology labs by delivering reliable minimum inhibitory concentration results swiftly. Gradientech serves scientists across academic, pharmaceutical, and diagnostic markets globally, and its products are available for purchase online. The company was incorporated in 2009.
GoSleep
Grant in 2018
GoSleep Pod is a Finnish innovation that has already spread to airports around the world, providing users with privacy and silence 24/7 in the midst of passenger traffic. It is a specially designed, stylish and sleek chair for tired passengers in need of rest, which can also convert into a bed. Hand luggage can be stored safely under the seat during use, and a moveable, breathing shade hides the passengers from the noise and the light of the airport and from the gaze of other passengers. GoSleep Pod provides a perfect place to rest among the hustle and bustle of the airport. The chairs have USB and main chargers, so personal computers and cell phones can also be charged for your onward journey.
Memento Payments
Grant in 2018
Memento, aim to ultimately build the world’s first Social-to-Bank Relationship Platform. They at Memento believe that technology and regulation are coming of age in FinTech and it’s do or die time for many financial institutions. The future belongs to those who understand and build relationships that surprise and delight but are also intensely integrated into the consumer’s social and day-to-day life.
2cureX
Grant in 2018
2cureX AB operates as a medtech company in Denmark. It is involved in developing IndiTreat, a technology for the treatment of colorectal, ovarian, and kidney cancers. The company was founded in 2006 and is based in Copenhagen, Denmark.
Furhat Robotics
Grant in 2017
Furhat Robotics AB, founded in 2014 and based in Stockholm, Sweden, specializes in the development of advanced social robotics and conversational AI technology. The company's innovative platform combines hardware, software, and development APIs, allowing for the creation of AI interfaces that exhibit facial expressiveness and engage in context-aware interactions. Furhat Robotics focuses on enabling human-like communication between machines and users, facilitating interactions that mimic human behaviors such as personality, gesture, and intonation. The company serves a diverse range of sectors, including information services, healthcare, education, recruitment, entertainment, transportation, and finance, and has collaborated with over 70 international businesses and development agencies. Originating from a research project at KTH, Furhat Robotics has received numerous scientific and innovation awards for its contributions to the field.
Radisurf
Grant in 2017
RadiSurf designs and develops advanced attachment solutions between metal and plastic materials.
Angular Velocity
Grant in 2017
Angular Velocity is a Finnish technology company committed to improving and enriching sports technology with cutting-edge hardware and software solutions.
InfiCure Bio
Grant in 2017
InfiCure Bio is a life science company based in Umeå, Sweden, specializing in the preclinical development and validation of drugs aimed at chronic inflammatory and fibrotic conditions. Founded in 2015, it evolved from a project initiated at the Umeå Biotech Incubator by Prof. Dan Holmberg and Dr. Sofia Mayans, leveraging research from their academic work. The company provides a unique preclinical model that simulates the development of fibrosis in various organs, such as the liver and kidneys, which is often preceded by chronic inflammation. This model allows pharmaceutical companies to test their anti-inflammatory and anti-fibrotic drugs comprehensively. InfiCure Bio's services include the setup, execution, analysis, and reporting of results from these effect tests, thereby supporting the development of therapies for significant medical conditions like chronic liver and kidney diseases.
ErkiTónlist
Grant in 2017
ErkiTónlist was founded in 1985 to promote creative endeavours in music, especially those that for one reason or other did not obtain commercial support. ErkiTónlist sf has issued several LPs and CDs with experimental and theatre music, constructed the MIC database for Icelandic music – www.mic.is, produced music videos for experimental music, organized seminars for young musicians – emphasizing on computer music, initiated and organized the biannual ErkiTid – the first electronic music festival in Iceland, supported the development of CALMUS project , a computer program for musical composition, operated a studio for recording, sound design, video production and programming environment for CALMUS, and released CDs with classical as well as contemporary music.
geoSilica
Grant in 2017
geoSilica, founded in 2012 by Fida Abu Libdeh and Burkni Pálsson, originated from their academic research in energy and environmental engineering at the University of Iceland. The company began operations at the Hellisheidi Power Plant, collaborating with ON Energy to exploit the mineral-rich geothermal water. Through a proprietary two-step production process, geoSilica enhances the concentration of silica in the geothermal water without altering its chemical composition, subsequently replacing it with clean groundwater to produce highly pure silica particles. The production process is entirely chemical-free. In late 2014, geoSilica launched its first product, a liquid silica supplement derived from 100% natural ingredients, aimed at promoting health benefits for hair, skin, bones, and muscles. The company is also actively developing new products to expand its offerings.
Rdot Display
Grant in 2017
Rdot Display is a Swedish company that aims to revolutionize the reflective display industry.
Ilya Pharma
Grant in 2017
Ilya Pharma is a pharmaceutical company focused on developing next-generation biological drugs aimed at enhancing wound healing in skin and mucosa. Founded in 2016 as a spin-out from Uppsala University and the Swedish University of Agriculture, the company employs a unique technique that genetically modifies lactic acid bacteria, commonly found in yogurt. These engineered bacteria serve as vectors to produce and deliver healing substances directly to wounds or within the gastrointestinal tract. This innovative approach is designed to provide accelerated healing for patients, particularly those with diabetes, while maintaining cost-effectiveness.
DACON AS
Grant in 2017
Dacon was established in 1979 and is a leading supplier of safety, rescue, and inspection equipment for professional use. Dacon is a manufacturer, importer, and distributor, with daughter companies offering inspection services in Norway and Thailand, inspection equipment in The Netherlands as well as protective equipment cases/foam converting in Norway.
AddiFab
Grant in 2017
AddiFab is a Danish company specializing in additive manufacturing solutions, particularly for rapid prototyping and low-volume production. It offers a proprietary system of 3D printers combined with advanced print resins and processes, allowing manufacturers to create custom injection molds. This innovative approach enables the production of complex parts efficiently and at a lower cost than traditional methods, while also reducing environmental impact. AddiFab's technology allows for the production of unique batches, prototypes, and spare parts without sacrificing material selection, accommodating everything from soft rubbers to hard metals. The company operates from its headquarters in the Greater Copenhagen area, with a branch in Palo Alto, California. Leadership includes CEO Lasse G. Staal, CTO Jon Jessen, and COO Peter L. Sørensen in Denmark, along with CEO Carsten Jarfelt in the U.S.
Offshore Kinetics
Grant in 2017
Offshore Kinetics is an innovative Norwegian SME within the offshore wind sector. By combining well proven technology and extensive offshore oil and gas experience, Offshore Kinetics is challenging the offshore wind market with the developed offshore wind turbine support structure. The concept is very cost efficient and will reduce both CAPEX and OPEX of offshore wind farms.
SagaMedica
Grant in 2017
SagaMedica is an Icelandic natural products manufacturer, founded in the year 2000. They offer effective herbal dietary supplements from pure, Icelandic nature. They have strong ties to Icelandic history. The medicinal herbs in their supplements have been used as herbal remedies by their ancestors for more than a millenium. The herbs in their products are collected in the pristine environment of Iceland. They feel a strong connection to Icelandic nature and their harvesting process is very eco-friendly. SagaMedica has a academic background and the company is founded as a result of extensive research on which they base their products. They only offer natural products which have real and substantiated efficacy.
Optomed
Grant in 2017
Optomed Oy is a Finnish medical technology company focused on retinal imaging devices and solutions, aiming to make eye disease screenings accessible worldwide. The company develops, manufactures, and commercializes user-friendly handheld fundus cameras designed for the screening of various eye conditions, including diabetic retinopathy, glaucoma, and age-related macular degeneration (AMD). These devices comply with international standards and serve a diverse clientele, including private clinics, public hospitals, non-government organizations, and charities globally. Additionally, Optomed offers screening software for diabetic retinopathy and cancer detection, enhancing its service offerings in the healthcare sector. With its headquarters in Oulu, Finland, Optomed also has local offices in Shanghai, China, and Espoo, Finland, and operates in major markets such as Europe, the USA, and several Asian and South American countries.
Zemission
Grant in 2017
Zemission AB, based in Lund, Sweden, specializes in the development of innovative catalytic combustion technology aimed at achieving efficient and fuel-independent combustion with minimal emissions. With over a decade of expertise, the company has pioneered a multifuel and low-emission combustion concept, enabling flameless combustion suitable for various applications such as automotive heating, renewable energy, and industrial heating. Zemission's unique approach allows for the combustion of liquid fuels, a significant advancement over traditional methods that typically focus on gaseous fuels. The company holds several patents related to its non-monolith technology, positioning it at the forefront of zero-emission heat solutions.
NEC OncoImmunity
Grant in 2017
NEC OncoImmunity AS is a bioinformatics company based in Oslo, Norway, specializing in machine-learning software solutions aimed at enhancing cancer immunotherapy. Founded in 2014 and a subsidiary of NEC Corporation since 2019, the company focuses on identifying immunogenic neoantigens to improve personalized cancer treatments. Its platform supports patient selection for immunotherapy by determining optimal neoantigen targets for personalized vaccines and cell therapies within a clinically actionable timeframe. By providing tools that address critical knowledge gaps, NEC OncoImmunity enables healthcare institutions and research organizations to advance the development of effective neoantigen-based immunotherapies and biomarkers for cancer treatment.
Ocean Harvesting Technologies AB
Grant in 2017
Ocean Harvesting Technologies AB, founded in 2007 and based in Karlskrona, Sweden, specializes in the development of wave power technology that converts wave energy into electricity. The company's primary product is the Infinity Wave Energy Converter (WEC), which integrates advanced energy storage solutions to enhance power capture and ensure a smoother output. Initial developments included a gravitational energy storage system, which evolved to incorporate a flywheel and infinitely variable transmission for improved force control, akin to Kinetic Energy Recovery Systems used in vehicles. In December 2017, the company finalized the design for the 500 kW Infinity WEC, utilizing a lightweight ball screw actuation system to efficiently translate the buoy's motion into rotary energy. Ocean Harvesting Technologies is currently preparing to build a half-scale test rig for the WEC machinery, which will undergo testing as part of initiatives aimed at validating the technology before deploying it in real-world marine environments.
Simple Feast
Grant in 2017
Simple Feast is a Copenhagen-based company founded in 2015 by Jakob Jønck and Thomas Ambus, specializing in sustainable food delivery. The company focuses on providing plant-based meal kits that are both organic and sustainably produced. Simple Feast offers two primary products: Weekly Boxes and Comfort Food Boxes. Weekly Boxes consist of three complete vegetarian or vegan meals that require minimal preparation, while Comfort Food Boxes feature 4 to 8 ready-to-eat jarred meals that only need heating and a side dish. The meals are packaged in biodegradable boxes, ensuring an environmentally friendly delivery to consumers' doorsteps.
Excillum
Grant in 2017
Excillum is a Swedish company founded in 2007 by researchers from the Royal Institute of Technology in Stockholm, specializing in high-end microfocus and nanofocus X-ray sources. The company launched its first product, the MetalJet, in 2010, which utilizes a unique metal-jet-anode design to achieve over ten times the brightness of conventional X-ray technologies. Excillum's advanced X-ray sources, based on patented liquid-jet target technology, are designed for scientific applications and cater to various industries, including semiconductor, automotive, aerospace, and pharmaceuticals. The company aims to facilitate new scientific discoveries, enhance medical practices, and improve manufacturing processes through the continuous development of its state-of-the-art X-ray technologies.
Stalsmidjan Framtak
Grant in 2017
Stalsmidjan Framtak provides automated anode fork repair system for the aluminium rodding plant. The history of Stalsmidjan ehf. extends back to the year 1933. Ship repairs and conversions have always been the mainstream of the company's operations. The first steel boat to be built in Iceland was built by Stalsmidjan in 1955, a tugboat with 1000 hp main engine, for the Reykjavík Harbour Authorities. In 1962 Stalsmidjan also built the first Icelandic steel fishing boat. There is a long ship building tradition in the company, which has constructed and modified a total of 36 steel vessels, up to 68 meters in length. Stalsmidjan operates its own slipway in Reykjavík Harbour and a carpenter’s workshop, specialized in ship works and renovations of older woodwork. Stalsmidjan has wide experience in new buildings, improvements and maintenance work both for hydro electric power stations and steam turbine stations as well as in energy distribution systems. Framtak ehf. was founded in the year 1988. In the year 2000 Framtak bought the company Blossi hf, and established the daughter company Framtak-Blossi ehf. This company covers specialized diesel-tuning and automotive workshops, and is authorized as "Bosch Diesel Centre" in Iceland. It also operates a retail shop and services for the metal industry. Earlier, the main focus was on the marine sector and Framtak has covered some of the largest and most complicated machinery repair and installation projects, both for Icelandic and foreign owners, but later the land-based industry and the Icelandic power industry became more important factor in the company’s activities. This change in policy lead to contracts with prime companies in the power supply sector, like Orkuveita Reykjavikur, HS Orka, and Landsvirkjun, among others, and Framtak has undertaken and overseen some of the largest and most complicated geothermal power plant projects in Iceland in the recent years. In December 2006 Stalsmidjan bought all shares in Framtak and Framtak-Blossi ehf. and henceforth they worked closely together, with mutual office and workshop facilities in new housing in Gardabaer and a big workshop at Grundartangi. In 2013, Stalsmidjan and Framtak merged as Stalsmidjan – Framtak ehf. and is now one of the biggest company of its type in Iceland, offering a wide range of services and solutions in the machine, shipping and metal industry.
Minima Processor
Grant in 2017
Minima Processor Oy is a technology company based in Oulu, Finland, founded in 2016, specializing in semiconductor process agnostic solutions aimed at enhancing energy efficiency in digital processors. The company's innovative technology allows for energy efficiency improvements of up to 20 times compared to traditional methods, primarily through ultra-low voltage operation and the removal of timing margins at nominal voltages. Minima Processor's offerings are applicable across various sectors, including consumer electronics, sensors, communication devices, medical applications, and computing systems. Their closed-loop, self-adapting intellectual property enables digital subsystems to operate efficiently at near-threshold voltages while retaining the ability to scale for increased computing power, thus significantly reducing voltage consumption for a range of tasks.
Men&Mice
Grant in 2017
Men&Mice specializes in network management solutions tailored for enterprises, service providers, and small businesses, focusing on DNS, DHCP, and IP address management (DDI). Founded in 1990 and headquartered in Reykjavik, Iceland, the company offers a comprehensive suite of software modules, including DNS management, IP address management, and DHCP management, which enable users to maintain centralized control over their network infrastructure. Additionally, Men&Mice provides DNS analysis and monitoring tools that enhance network reliability and security, reducing the risk of DNS failures and improving performance against threats like DDoS attacks. The company also extends its services by offering consulting, DNS security assessments, and training. With operations in the United States and Europe, Men&Mice is well-positioned to address the challenges faced by medium to large global organizations in managing their network infrastructures.
Wuudis Solutions
Grant in 2017
Wuudis Solutions Oy specializes in developing a cloud-based enterprise resource planning (ERP) platform tailored for the forestry and bioenergy sectors. The company offers various services, including Wuudis Bioenergy, a platform designed for inventory monitoring and managing biomass delivery chains, and Wuudis Business, which focuses on client-specific software development projects. By integrating open software technology with extensive field experience, Wuudis Solutions delivers agile and user-friendly IT services that promote flexible business models. The firm also provides remote sensing services for forest asset management, mobile solutions, and fieldwork management. With a strong emphasis on research and development, Wuudis Solutions employs geospatial and machine learning technologies to facilitate data analysis and improve the return on forest assets, ultimately enhancing cost savings and environmental benefits for operators in the forestry and bio-based industries. Founded in 2005 and based in Mikkeli, Finland, the company was formerly known as MHG Systems Ltd.
Dohop
Grant in 2017
Dohop Ltd. is a technology provider based in Reykjavik, Iceland, specializing in travel and aviation solutions since its founding in 2004. The company operates a travel search engine that enables users to find the most affordable flights, hotels, and car rentals. Its offerings include Dohop Connection Search, which customizes flight searches for specific airlines or airports, and a flight search solution designed for airlines and airport websites. Additionally, Dohop provides GatwickConnects, allowing passengers to book connections between flights from different airlines at Gatwick Airport in a single transaction. Recognized for its innovative approach, Dohop develops solutions in virtual interline technology and has collaborated with various airlines and alliances, streamlining the process of creating connecting itineraries and enhancing travel connectivity.
Adimant
Grant in 2017
Adimant is a Danish engineering consulting company that specializes in topology optimization and 3D printing, particularly focusing on the integration of these two fields. The company assists clients in the aerospace, aviation, medical, and tooling industries by optimizing product designs, which helps reduce manufacturing costs and enhance the performance of components. Adimant leverages its in-house developed optimization tools to provide tailored solutions that enable clients to capitalize on the design freedom offered by additive manufacturing, allowing for the creation of complex structures. This approach not only facilitates significant savings in material use and time but also contributes to reduced costs and weight in the final products.
VOCA AS
Grant in 2017
VOCA AS is a technology company based in Kristiansand, Norway, specializing in solutions for lifting, logistics, and cargo handling operations. Since its founding in 2006, it has focused on developing the VOCA Engine, a platform that utilizes robot vision and artificial intelligence for various applications in the offshore industry. This platform offers features such as autonomous crane control, remote assistance systems, and digital logistics tools. VOCA AS also provides comprehensive turn-key solutions, incorporating hardware sensors, computing devices, installation, and commissioning services. The company has amassed significant expertise in research and development related to robot vision and machine vision software, enabling effective object detection, navigation, and 3D reconstruction even in challenging environments. VOCA AS operates as a subsidiary of Engedal Invest AS.
SenzaGen
Grant in 2017
SenzaGen AB is a biotechnology company based in Lund, Sweden, specializing in in vitro genomic allergen rapid detection (GARD) sensitization tests. Founded in 2010 as a spin-out from Lund University, SenzaGen provides animal-free testing solutions for the cosmetic, pharmaceutical, and chemical industries, focusing on immunotoxicological assays. Its proprietary product line includes GARDskin, which predicts chemical sensitization, GARDpotency, which classifies sensitizers based on genomic biomarkers, and GARDair, an assay for respiratory sensitizers. The company operates through its own laboratory and collaborates with licensed contract research organizations to deliver its services. SenzaGen also engages in partnerships, such as its collaboration with the Research Institute for Fragrance Materials to develop tests for photosensitization. The company serves multiple market segments, including cosmetics, chemicals, medical devices, pharmaceuticals, and food additives, with a significant portion of its business derived from the pharmaceutical sector.
Genis
Grant in 2017
GENIS is a biotechnology company headquartered in Siglufjörður, Iceland. They strive to discover, develop and commercialize novel and life-changing products, supplements and medical devices derived from crustacean exoskeletons. The GENIS team has been developing cutting-edge research on the production of chitin, chitosan, and short chain chitosan for two decades. Their mission is to leverage this accumulated body of world-class scientific research with the intent of providing life-altering benefits for individuals.
HappyOrNot
Grant in 2017
HappyOrNot Ltd. is a Finnish company founded in 2009, specializing in customer and employee satisfaction analytics. It has developed a widely recognized feedback system known as the 'Smiley' feedback system, which includes various wireless devices such as the Smiley Terminal, Smiley Touch, Web Smileys, and Smiley Wall. These devices gather instant feedback from customers in diverse settings, including retail, transportation, healthcare, and education. With over 25,000 Smiley Terminals installed globally, HappyOrNot serves more than 4,000 clients across 117 countries, providing valuable insights that enable organizations to enhance their service delivery. The company’s feedback data is visualized on a four-point scale, helping businesses make informed decisions based on actual customer and employee experiences. HappyOrNot is headquartered in Tampere, Finland, with additional offices in several countries and a global reseller network, making it a key player in the field of customer experience management.
Goodmill Systems
Grant in 2017
Goodmill Systems, Ltd. specializes in connectivity solutions tailored for business users, integrators, and service providers. Founded in 2005 and located in Espoo, Finland, the company offers a range of products, including service-aware routers designed for backup routing of essential connections, particularly for small and medium-sized businesses and retail locations. Their offerings also encompass remote monitoring and management systems, as well as security and surveillance applications. Additionally, Goodmill provides support services, Internet protocol network consultancy, and network management integration. The company focuses on delivering broadband solutions for public safety operators, addressing the growing demand for reliable digital connectivity in critical situations. By implementing a unique business model, Goodmill aims to enhance data security, coverage, and resilience while minimizing the need for substantial investments in new network infrastructure.
Biofrigas
Grant in 2017
Biofrigas Sweden AB, located in Gothenburg, Sweden, specializes in the production of biogas, which is utilized in the food and agriculture sectors as well as in wastewater treatment. The company employs a unique technology that enables the upgrading and liquefaction of biogas, catering to small-scale production needs in agriculture and smaller treatment plants. In addition to biogas, Biofrigas also supplies CO2 and heat for various applications, supporting sustainable practices across multiple industries.
Cercare Medical
Grant in 2017
Cercare Medical is a Danish company that specializes in medical imaging technology aimed at improving acute stroke management. Established in 2013, originally under the name Combat Stroke, the company has developed a software tool that assists clinicians in evaluating the effects of strokes. This innovative technology allows for rapid analysis, generating infarct area and perfusion area assessments within 30 seconds while utilizing artificial intelligence to identify and quantify stroke lesions. By providing advanced perfusion analysis, Cercare Medical enables healthcare professionals to deliver personalized care, ultimately enhancing patient outcomes in stroke and cardiac failure cases.
Monidor Oy
Grant in 2017
Monidor Oy is a Finnish company based in Oulu, founded in 2015. The company specializes in developing innovative electronic devices, notably its flagship product, Monidrop, which is an automated infusion monitor designed for intravenous infusion therapy. Monidor Oy focuses on enhancing the efficiency and safety of medical treatments through advanced technology.
Carbon Recycling International
Grant in 2017
Carbon Recycling International Inc. specializes in producing renewable methanol from carbon dioxide, hydrogen, and electricity, contributing to energy storage and fuel applications. The company has developed a unique technology known as Emissions-to-Liquids, which allows for the direct synthesis of methanol from carbon dioxide, along with large-scale water electrolysis and flue gas purification processes designed to achieve zero CO2 emissions. Its renewable methanol, marketed under the brand name Vulcanol, is sourced from renewable electricity derived from hydro, geothermal, wind, and solar energy. Founded in 2006 and headquartered in Kopavogur, Iceland, the company provides its innovative technology to the power generation and industrial production sectors, enabling more sustainable production methods and the creation of valuable products from waste gases and renewable energy.
Signicat
Venture Round in 2017
Signicat is a leading digital identity service provider based in Europe, specializing in electronic identity and electronic signature solutions. Established in 2006, the company offers cloud-based identity management services that cater to both public and private sectors globally. Signicat's solutions are designed to meet stringent international standards, including privacy regulations and anti-money laundering requirements, while facilitating effective onboarding processes. Its advanced services enable secure user authentication, electronic signing, identity proofing, and document preservation, making them essential for banks, financial institutions, insurance companies, government agencies, and businesses of all sizes. With a commitment to delivering exceptional user experiences, Signicat utilizes advanced security technology to minimize risks. The company operates in multiple countries, including the UK, Germany, the Netherlands, Portugal, Denmark, Sweden, Finland, and Norway, providing scalable and reliable services backed by banking-grade service level agreements.
Wello
Venture Round in 2017
Wello is a high-tech and innovative company. Their skills and passions come to life in the Penguin wave energy converter which is the result of highly committed innovative work and practical engineering. In the Penguin, Wello introduces a new concept for capturing energy from waves with a unique working principle. The converter is designed to respond to the movement of waves. The asymmetrical shape of the Penguin’s hull creates a gyrating motion in the waves which makes the rotator inside the hull rotate. The power train from wave to electricity is direct without any mechanical or hydraulic gears in between to cause loss of efficiency. Simplicity is one of the key values of Wello. Wello was founded on the passion to produce ecological and commercially viable wave energy solutions.
Starcounter
Venture Round in 2017
Starcounter, founded in 2006 by Joachim Wester, is a privately held company based in Stockholm, Sweden, with additional offices in Gdansk, Poland, and Palo Alto, USA. The company specializes in developing a database management platform aimed at revitalizing enterprise software systems. Its innovative platform integrates an in-memory database engine with an application server, facilitating the creation of high-performance business applications. Starcounter's research and development team, composed of over 30 experts in artificial intelligence, mathematics, and algorithms from seven different countries, drives the company's advancements in technology. By leveraging artificial intelligence and in-memory computing, Starcounter enhances the efficiency and performance of software applications for enterprises.
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