EASME

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.

Past deals in Sweden

Modvion

Grant in 2019
Modvion AB is a Swedish company founded in 2015 and based in Gothenburg, specializing in the design and development of modular wind power towers constructed from renewable composite materials. The company focuses on simplifying construction logistics and improving cost efficiency in the wind energy sector through its patented modular technology. This innovative approach enables the production of wind towers exceeding 120 meters in height while significantly reducing transportation costs, installation complexity, and the reliance on traditional steel structures. By leveraging engineered wood products, Modvion aims to enhance the economic viability of wind power projects, ultimately contributing to increased electricity production and more sustainable energy solutions.

Raytelligence

Grant in 2019
Raytelligence AB is a Swedish company focused on developing advanced microwave sensors for the healthcare and industrial markets. Founded in 2015 as a subsidiary of Swedish Adrenaline, Raytelligence specializes in solutions that monitor vital signs such as heartbeat, movement, and body position. The company's flagship product, the RayVS1 sensor, is designed for home use and features capabilities for signal processing and analysis through a cloud service. In addition to its healthcare applications, Raytelligence has expanded into the industrial sector, securing clients in road construction and partnering with a major Swedish IT provider in the e-Health market. The team's expertise spans industrial design and radar signal processing, positioning Raytelligence as a key player in the development of innovative sensor technology.

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 innovative compound is being investigated as a treatment for type 2 diabetes, obesity, and the rare painful condition known as erythromelalgia. XEN-D0501 has undergone testing in over 300 subjects during phase 1 and phase 2 trials, demonstrating a favorable safety profile in healthy volunteers and patients with various conditions, including overactive bladder disease and chronic cough. The compound has shown efficacy in improving glucose-stimulated insulin secretion in type 2 diabetics. Recent preclinical studies have completed successfully without any registered side effects, allowing XEN-D0501 to advance to longer clinical trials. In July 2022, Pila Pharma received US Orphan Drug Designation for this compound in the context of erythromelalgia.

OnDosis

Grant in 2019
OnDosis is a Swedish company founded in 2017, focusing on personalized medicine through its innovative dosing technology. The company specializes in delivering flexible and individualized dosing of oral medications, which are formulated as micro units like pellets, granules, mini tablets, or powders. By integrating digital technologies with traditional drug-based treatments, OnDosis aims to enhance disease management and improve patient adherence, particularly for conditions such as ADHD, pain management, and immunosuppression in organ transplant recipients. Their approach addresses the limitations of conventional tablets or capsules, providing greater convenience and improved health outcomes for patients. The technology developed by OnDosis is rooted in research from AstraZeneca and is supported by a network of strategic partners that assist in various core functions, including formulation, device development, and regulatory compliance.

Elypta

Grant in 2019
Elypta develops a liquid biopsy platform using metabolism-based biomarkers and artificial intelligence. Its platform measures glycosaminoglycan metabolites in blood and urine, aiming to enable earlier detection and monitoring of various cancer types.

Brain Stimulation

Grant in 2019
Founded in Sweden in 2011, Brain Stimulation specializes in innovative neurological rehabilitation. They leverage brain plasticity research to develop effective, individualized care for stroke, dementia, traumatic brain injuries, and other degenerative brain diseases.

Minnemera

Grant in 2019
Minnemera, established in 2017 and based in Stockholm, Sweden, specializes in developing digital cognitive screening tools. These tools automatically compare an individual's test results with normative data and their own baseline values to detect abnormalities, aiding in early detection of neurological conditions.

EmeraMed

Grant in 2019
EmeraMed Limited is a privately held biotechnology company based in the Republic of Ireland, with operations in Ireland, Sweden, and the United States. The company's ownership group consists mainly of physicians, dentists, and patients who have previously used its products as dietary supplements. EmeraMed is focused on developing a lipophilic antioxidant capable of penetrating the blood-brain barrier. The company's primary goal is to chelate free iron and various heavy metals, including mercury and lead, which can generate harmful free radicals. By addressing these issues, EmeraMed aims to help healthcare providers restore normal mitochondrial function and enhance overall health.

Eco Wave Power

Grant in 2019
Eco Wave Power is a Sweden-based company specializing in wave energy technology. It is the sole inventor, owner, and developer of the EWP wave energy converters, which are designed to convert ocean and sea waves into clean electricity. The company's innovative technology utilizes point absorber floating devices, known as floaters, that can be installed on existing marine structures like piers and breakwaters or in locations where such structures are needed. Eco Wave Power's approach is aimed at providing a smart and cost-efficient solution for energy harvesting from waves. The company has been recognized for its advancements in the field, having received the Frost & Sullivan Product Innovation Award, marking a significant achievement in the wave energy sector. With projects in places such as Gibraltar and Israel, Eco Wave Power is positioned to become a leader in renewable energy generation through wave power.

Polymer Factory

Grant in 2019
Polymer Factory, established in 2006 at the Royal Institute of Technology in Stockholm, Sweden, is a prominent supplier of advanced dendritic and polymeric materials, also offering contract research services. Its product range includes monodisperse dendritic polymers derived from 2,2-bis(methylol)propionic acid, such as biocompatible bis-MPA dendrimers and dendrons. The company specializes in the synthesis of high-quality macromolecules, custom materials, and calibrants for MALDI-ToF. Polymer Factory holds exclusive rights to several advanced materials and provides global access to polyester (Boltorn™) and polyester amide (Hybrane®) hyperbranched polymers for research purposes.

Gedea Biotech

Grant in 2019
Gedea Biotech develops an antibiotic-free treatment for vaginal fungal infections using its substance GA101. This natural substance lowers pH, provides physical barrier protection, and inhibits biofilm formation. The company's first product is a topical treatment for vaginal fungal infections.

ChemoTech

Grant in 2019
Scandinavian ChemoTech AB is a clinical development company headquartered in Lund, Sweden. It specializes in cancer care and pain management solutions, primarily through its innovative product, IQWave. This electroporation device uses short electric pulses in conjunction with localized or intravenous chemotherapy to treat various cancers, including head and neck squamous cell carcinoma, malignant melanoma, and breast adenocarcinoma, among others. The company's founders bring extensive experience in surgical oncology and clinical research, driving its commitment to advancing cancer treatment through genuine research and clinical trials. ChemoTech markets its products via distribution channels and a network of opinion leaders across regions such as South East Asia, India, and the Philippines. Established in 2013, the company continues to focus on developing effective therapies for cancer patients.

BoMill

Grant in 2019
BoMill AB, founded in 2001 by biochemist Bo Löfqvist, specializes in grain quality sorting solutions, particularly for wheat, durum wheat, barley, and oats. The company offers products like TriQ, a process capacity grain sorting solution, and IQ, designed for laboratory use. BoMill's expertise lies in single kernel sorting technology, which enhances the analysis and separation of grain and granular products in the food industry. The company supports various sectors, including seed cleaning, organic farming, and milling industries, by providing essential services such as customer care, remote access, and installation assistance. Headquartered in Malmö, Sweden, BoMill distributes its technology and knowledge across Europe, North America, and Australia through a combination of direct sales and partnerships with agents and distributors.

Goava

Grant in 2019
Founded in late 2016 by Jonas Ehne, Henrik Stridsberg, Carl Hall, and Johan Rogebrant, Goava develops a sales intelligence platform. This platform uses big data and machine learning to provide accurate, actionable insights for sales teams, enabling efficient lead tracking.

ImmuneBiotech

Grant in 2019
ImmuneBiotech AB, established in Lund, Sweden in 2013, specializes in the research and development of novel microbiome therapeutics. The company focuses on probiotic lactic acid bacteria and synbiotic formulations that target the gut microbiota and the immune system, aiming to prevent and treat autoimmune and chronic inflammatory conditions such as multiple sclerosis, rheumatoid arthritis, and type 1 diabetes.

Capitainer

Grant in 2019
Capitainer is a Swedish medical device company that develops volumetric blood collection devices for fixed-volume dried blood spots collected at home. The device enables patients to remotely collect a predefined blood volume, which can be mailed to a laboratory for analysis. The technology aims to reduce patient travel and healthcare resources required for blood sampling, while delivering improved accuracy over conventional methods and offering cost and environmental savings for healthcare providers handling large volumes of samples. Founded in 2016 and based in Stockholm, Capitainer focuses on enabling convenient, safe, and reliable remote blood collection for quantitative testing.

Ekowasher

Grant in 2018
Ekowasher is a Stockholm-based company that designs and manufactures environmentally optimized washing systems with a focus on low water consumption and minimal environmental impact. Established in 2015, Ekowasher launched its first product, Hullwasher, which is specifically designed for cleaning the bottoms of boats. In 2018, the company expanded its product line with the introduction of Graffiti blades, which are used for effective surface cleaning against graffiti. Through its innovative solutions, Ekowasher aims to provide eco-friendly alternatives for various cleaning applications.

Gleechi

Grant in 2018
Gleechi AB, established in 2014 and headquartered in Stockholm, Sweden, specializes in developing software solutions that facilitate natural interaction between humans, computers, and robots. Their core technology revolves around advanced computer vision and machine learning algorithms, enabling real-time, free, and natural hand interactions in games, virtual reality, and robotics. Gleechi's innovative software allows for the creation of realistic hand movements and interactions, making it possible for users to learn by doing in virtual environments. The company has been recognized for its achievements, including being named Super Startup of the Year by Veckans Affärer and ALMI Invest, winning the EIT Digital Idea Challenge, and being awarded Startup of the Year by STING.

Klaria Pharma Holding

Grant in 2018
Klaria Pharma Holding is a Swedish pharmaceutical company focused on rapid-acting products. It combines patented film-based technology that attaches to the oral mucosa with proven pharmaceuticals to form a drug delivery platform. The platform uses an alginate-based polymer film to enable absorption of an active substance through the oral mucosa, offering rapid onset and potential for diverse therapeutic applications.

IRLAB Therapeutics

Grant in 2018
IRLAB Therapeutics AB is a Swedish research and development company focused on creating innovative drug treatments for neurological disorders, particularly Parkinson's disease. The company has developed several clinical candidates, including Mesdopetam, a dopamine D3 receptor antagonist that has completed Phase IIa trials for dyskinesia, and IRL752, which has also progressed through Phase IIa trials for postural dysfunction. In addition to these, IRLAB is advancing other research initiatives aimed at addressing neurodegenerative conditions and the effects of aging. These include programs designed to develop alternatives to levodopa, a common Parkinson's treatment, and additional compounds targeting various dysfunctions associated with Parkinson's disease. Based in Gothenburg, Sweden, IRLAB is committed to enhancing the quality of life for patients suffering from neurological and psychiatric illnesses through its innovative therapeutic approaches.

AcouSort

Grant in 2018
AcouSort develops and sells laboratory equipment and integrated solutions using ultrasound to separate, wash, and enrich cells, exosomes, and other biological particles for research and diagnostics.

Cellink

Grant in 2018
Cellink AB is a biotechnology company specializing in bioprinting technologies that enable the 3D printing of human organs and tissue models, aimed at applications in pharmaceutical, cosmetic, and medical research. Founded in 2016 and headquartered in Gothenburg, Sweden, with an office in Palo Alto, California, Cellink offers a range of products including bioprinters, imaging systems, dispensing solutions, and bioinks that cater to the needs of researchers and laboratories worldwide. Its product lineup features various bioprinting platforms such as BIO X and BIO X6, along with specialized solutions for skin and cartilage tissue, microfluidics, and single-cell dispensing technologies. Cellink’s bioinks are utilized for diverse applications including drug screening, tissue regeneration, and organoids. The company serves a global customer base that includes universities, hospitals, and public laboratories, and it has established collaborations with organizations like MedImmune and Made In Space, Inc., to further its mission of advancing bioprinting technology in medicine.

Stayble Therapeutics

Grant in 2018
Stayble Therapeutics AB, headquartered in Gothenburg, Sweden, is a clinical-stage pharmaceutical company focused on developing a minimally invasive injection treatment for chronic discogenic low back pain. Their lead product candidate, STA363, is an intradiscally injected formulation designed to alleviate or eliminate pain by addressing the root causes of instability and inflammation within the affected discs. Having completed a Phase 1b clinical trial, STA363 targets patients who have not responded to conventional treatments such as analgesics and physiotherapy, offering a potential alternative to surgery. The company's experienced team comprises a renowned back-pain researcher, seasoned bio-entrepreneurs, and former senior pharmaceutical management, aiming to provide relief to millions of people disabled by chronic low back pain.

Combain

Grant in 2018
Combain is a leading provider of geolocation services for connected IoT devices, specializing in accurate indoor and outdoor positioning. Based in Lund, Sweden, and Palo Alto, USA, the company boasts one of the largest databases in the world, comprising over 88 million cell IDs and 1.3 billion Wi-Fi access points from more than 200 countries. This extensive dataset enables Combain to offer precise positioning services via its cloud-based API, Combain CPS API, and the IoT platform IoTmate.io. The company's customers include prominent mobile network operators, cybersecurity firms, and IoT device manufacturers, all of whom rely on Combain's advanced positioning algorithms to enhance the accuracy and reliability of their location-based services.

CytaCoat

Grant in 2018
CytaCoat is a private Swedish company based in the Karolinska Institutet Science Park in Solna, Stockholm. Founded by researchers from the Karolinska Institute and the Royal Institute of Technology, the company focuses on developing a proprietary antibacterial coating technology for medical devices. This innovative coating is designed to combat healthcare-associated infections by repelling problematic pathogenic bacteria without the use of antibiotics, thus minimizing the risk of antibiotic resistance. CytaCoat's technology is characterized by its stability under varying pH and ionic conditions, ensuring safety and effectiveness. The company operates a fully equipped laboratory for microbiological evaluation and optimization of its technology, and it has established collaborations with clinical partners such as the Karolinska University Hospital. Additionally, CytaCoat engages with regulatory consultants and clinical research organizations to guide its product development and commercialization efforts.

Cognibotics

Grant in 2018
Cognibotics AB is a Swedish company based in Lund that specializes in developing methods and services to accurately determine robot properties, including backlash, friction, and non-linear compliance. The company focuses on enhancing the performance and cost-effectiveness of robotic systems by providing solutions that improve the calibration and monitoring of robotic joints. Cognibotics offers techniques that assist in assessing mechanical wear and service requirements, thereby extending the longevity of robotic systems. Its platform aims to deliver high accuracy and predictability, enabling the programming of collaborative robots and supporting innovative applications in motion control and mechanical design. Through its advancements, Cognibotics facilitates businesses in accessing affordable robotic solutions and broadening the scope of their operational capabilities.

Airmee

Grant in 2018
Airmee is a technology-powered logistics company that provides last-mile delivery services for e-commerce, including same-day and express courier options. Its platform enables real-time route scheduling, delivery tracking, and timing monitoring, and uses machine learning and AI to optimize routing and courier selection, reducing supply-chain friction. The company emphasizes fast, convenient, and environmentally sustainable e-commerce deliveries and is based in Stockholm, Sweden.

Colzyx

Grant in 2018
Colzyx AB is a biotechnology company based in Lund, Sweden, founded in 2012, specializing in innovative wound care solutions. The company leverages groundbreaking research from the Medical Faculty at Lund University, focusing on the alpha-3 chain of human collagen VI, which has shown significant wound healing and antimicrobial properties. Colzyx develops bioactive wound dressings that harness these biological mechanisms to enhance the wound healing process while effectively combating a wide range of bacteria, including multidrug-resistant strains. Their products are designed to treat both active and chronic wounds, promoting rapid closure and reducing the risk of infections, thereby improving patient outcomes.

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.

InDex Pharmaceuticals

Grant in 2018
InDex Pharmaceuticals AB, founded in 2016 and based in Stockholm, Sweden, is a clinical-stage biopharmaceutical company focused on developing innovative treatments for immunological diseases. Its flagship product, cobitolimod, is designed to provide local anti-inflammatory effects, healing mucosa and improving clinical symptoms in patients with ulcerative colitis. The company's platform technology involves DNA-based ImmunoModulatory Sequences (DIMS), which are used to treat a variety of immunological diseases. Additionally, InDex Pharmaceuticals offers DiBiCol, a diagnostic kit that monitors biomarkers specific for ulcerative colitis or Crohn’s disease from a single colonic biopsy.

Aqua-Q

Grant in 2018
Aqua-Q is a Swedish cleantech company with over 20 years of experience in the water treatment industry. The company specializes in developing and marketing innovative products and processes to ensure safe and clean water for drinking, wastewater treatment, and reuse purposes. Their systems are designed to detect waterborne outbreaks promptly, allowing operators to take immediate action and minimize consequences. Additionally, Aqua-Q provides modular ozone disinfection systems and has patented technologies for killing Legionella bacteria in water systems, point-of-use disinfection, and cold water disinfection with ozone. These solutions are applicable to various industries, including dairy, brewery, and bottled water manufacturing.

Gradientech AB

Grant in 2018
Gradientech AB is a Swedish biotech company that develops microfluidic solutions for studying cell migration and behavior under chemical gradients. Its CellDirector platform enables live imaging and analysis of cells as they respond to defined gradients, with Opal for endothelial migration, angiogenesis, neutrophil and cancer cell migration, and stem cell differentiation, and Ruby for tumor cell and spheroid migration, axon guidance, and differentiation. The company supplies related accessories such as Gradient Marker dyes, Fusion 100 syringe pump, and Vacuum 104 pump to deliver precise fluid flows and maintain gradients. Gradientech serves academic, pharmaceutical, and diagnostic laboratories worldwide and sells products online. It also offers QuickMIC, an antibiotic susceptibility testing system that combines microfluidics with live imaging to assess bacterial responses along a linear antibiotic gradient and provides rapid MIC results for IVD and research use, including positive blood culture samples from sepsis patients. The company emphasizes precise control of the chemotactic environment to enable high-resolution analyses.

GPX Medical AB

Grant in 2018
Neola Medical AB is focused on advancing neonatal intensive care through its innovative device, NEOLA. This medical technology offers continuous monitoring of lung function and real-time alerts for life-threatening complications in preterm infants. By measuring changes in lung volume and oxygen gas concentration, NEOLA aims to enhance patient care, reduce the duration of intensive care stays, and improve overall health outcomes for vulnerable newborns. The company is rooted in Sweden's rich history of medical technology innovation, which has significantly contributed to advancements in healthcare.

Furhat Robotics

Grant in 2017
Furhat Robotics AB, established in 2014 and headquartered in Stockholm, Sweden, specializes in developing advanced social robotics platforms. The company designs and manufactures development kits that integrate hardware, software, and APIs, enabling users to create AI interfaces with human-like social intelligence and expressiveness. Furhat's robots can display facial expressions and engage in context-aware interactions, catering to diverse markets such as information services, healthcare, education, and more. With over 70 international business partnerships, the company aims to revolutionize human-machine interactions by mimicking human personality, gestures, and intonation.

SAGA Diagnostics

Grant in 2017
SAGA Diagnostics AB is a Swedish company specializing in personalized cancer diagnostics and disease monitoring through molecular genetic analyses, focusing on circulating tumor DNA (ctDNA). Founded in 2016 as a spin-out from a research group at Lund University, SAGA aims to enhance precision cancer medicine and improve patient survival rates with its minimally-invasive liquid biopsy testing services. The company provides a range of services, including gene mutation analysis and treatment monitoring, utilizing advanced technologies such as massively parallel sequencing. SAGA's proprietary tests enable oncologists and biopharmaceutical companies to detect actionable mutations, stratify patient groups, and monitor treatment responses with high sensitivity, thereby contributing significantly to advancements in cancer research and clinical diagnostics.

Rdot Display

Grant in 2017
Rdot Display is a Swedish company focused on transforming the reflective display industry. It specializes in the manufacture of printed displays that are designed to be low power consuming and efficient, catering to small display needs. Rdot's products are environmentally friendly and cost-effective, making them suitable for a variety of applications, including sensors, packaging, disposables, electronic shelf labels, and various consumer electronics. By enabling users to display simple messages with minimal power consumption and cost, Rdot Display aims to provide innovative solutions that meet contemporary demands for sustainability and efficiency.

InfiCure Bio

Grant in 2017
InfiCure Bio is a life science company based in Umeå, Sweden, that specializes in the preclinical development and validation of drugs aimed at chronic inflammatory and fibrotic conditions. Founded in 2015, InfiCure Bio evolved from a project initiated at Umeå Biotech Incubator, led by Prof. Dan Holmberg and Dr. Sofia Mayans. The company has developed a unique preclinical model that simulates fibrosis in multiple organs, such as the liver and kidneys, and is characterized by spontaneous development following chronic inflammation. This model allows for comprehensive testing of anti-inflammatory and anti-fibrotic drugs, offering pharmaceutical companies the ability to evaluate their new therapies through structured studies that include setup, execution, analysis, and reporting of results. InfiCure Bio's focus aligns with addressing significant healthcare challenges associated with conditions like chronic liver disease and chronic kidney disease.

Ilya Pharma

Grant in 2017
Ilya Pharma AB, established in 2016 and headquartered in Uppsala, Sweden, specializes in developing biological drugs for treating skin and mucosal wounds. The company's innovative approach involves genetically modifying lactic acid bacteria, commonly found in yogurt, to produce substances that accelerate wound healing. Ilya Pharma focuses on both acute and chronic wounds, with a particular emphasis on addressing the unique challenges faced by diabetic patients.

Zemission AB

Grant in 2017
Zemission AB specializes in innovative energy production solutions. Based in Lund, Sweden, the company is renowned for its patented non-monolith technology enabling catalytic combustion of liquid fuels at zero emission operation. This technology powers various applications such as catalytic vehicle heaters and absorption refrigerators.

Excillum

Grant in 2017
Excillum is a company specializing in high-end microfocus and nanofocus X-ray sources, founded in 2007 by researchers from the Royal Institute of Technology in Stockholm, Sweden. The company launched its first product, the MetalJet, in 2010, which utilizes a unique metal-jet-anode design to achieve more than a tenfold increase in X-ray brightness compared to traditional technologies. Excillum develops and manufactures extreme high-performance X-ray sources based on patented liquid-jet target technology, complemented by in-house developed high brightness electron guns and optics. Its innovative solutions cater to various industries, including semiconductor, automotive, aerospace, and pharmaceuticals, aiming to facilitate advancements in science, medicine, and manufacturing.

Ocean Harvesting Technologies AB

Grant in 2017
Ocean Harvesting Technologies AB, founded in 2007 and headquartered in Karlskrona, Sweden, specializes in the development of wave power technology, specifically through its innovative Wave Energy Converter (WEC) known as the Infinity WEC. The company's research and development efforts focus on integrating energy storage within the power take-off (PTO) system of WECs, which enhances power capture performance and stabilizes electricity generation. Ocean Harvesting has pioneered the use of gravitational energy storage and, more recently, a flywheel in conjunction with an infinitely variable transmission to achieve advanced force control capabilities. The design of the Infinity WEC, featuring a lightweight ball screw actuation system, is optimized for converting the buoy's slow, reciprocating motion into high-speed rotary motion. Additionally, a wave-to-wire model has been developed to assess the performance of the Infinity WEC under various operational scenarios. The company is advancing towards building a half-scale Hardware-In-the-Loop testing rig to validate its technology before full-scale sea testing.

Klimator

Grant in 2017
Klimator AB is a software company based in Gothenburg, Sweden, specializing in road weather information solutions. Founded in 1999 and originally named Anfangen 708 AB, the company changed its name to Klimator AB in 2001. Klimator offers a Road Condition Data Platform, a sensor fusion software that integrates road weather information stations, weather forecasts, geosegmentation, vehicle data, and road treatment actions. The company's technology enables accurate forecasting of current and upcoming road weather conditions across entire road networks, supporting the winter road industry in decision-making regarding snow removal and de-icing. Additionally, Klimator engages in consultancy work related to applied climatology, focusing on projects that enhance traffic safety, climate mapping, and forecasting of road conditions. The company also explores intelligent transport solutions and urban design, emphasizing energy efficiency and sustainability while addressing environmental factors and comfort climate issues.

Alelion Energy Systems

Grant in 2017
Alelion Energy Systems AB, based in Nödinge, Sweden, specializes in energy storage solutions and the development of high-performance lithium-ion batteries. Established in 2006 as a spin-out from ETC Batteries and Fuelcells, the company focuses on designing and delivering tailor-made battery systems and power electronics that cater to demanding applications across various industries. Alelion Energy Systems emphasizes the safety and longevity of its lithium-ion cells, which are engineered to offer exceptional cycle performance. The company manages the complete battery subsystem, allowing clients to concentrate on their core products and applications. With a production area of 1600 m² and a team of highly educated employees possessing extensive experience in electronics, software, and mechanical development, Alelion combines robust technical expertise with a commitment to efficient production processes. The company's evolution included a change of ownership in 2007 and a rebranding in 2016, highlighting its continuous growth and innovation in the energy storage sector.

RemoteA Oy

Grant in 2017
RemoteA Oy is a medical company focused on remote monitoring and consultation services, particularly in the field of cardiac care. Since its establishment in 2002, it has built an extensive network of general practitioners, specialist physicians, and healthcare organizations across Finland, Sweden, and the United Kingdom. The company provides software solutions that analyze long-term ECG data using advanced algorithms and artificial intelligence, facilitating timely treatment for patients. Its platform operates in approximately 300 healthcare units and collaborates with over 20 leading cardiac electrophysiologists. By storing data securely in the cloud, RemoteA Oy enhances the efficiency of healthcare providers and adds value for wellness operators.

SenzaGen

Grant in 2017
SenzaGen AB is a biotechnology company based in Lund, Sweden, that specializes in in vitro genomic allergen rapid detection (GARD) sensitization tests. Founded in 2010 as a spin-out from Lund University, SenzaGen offers innovative, animal-free testing solutions for the cosmetic, chemical, pharmaceutical, and food industries. Its main products include GARDskin, which predicts skin sensitization; GARDpotency, which classifies sensitizers based on genomic biomarkers; and GARDair, an assay for respiratory sensitizers. The company provides its services through its own laboratory and through collaborations with licensed contract research organizations. SenzaGen is actively engaged in partnerships, including a collaboration with the Research Institute for Fragrance Materials to develop tests for photosensitization. With a strong presence in Europe and expanding markets in North America and Asia-Pacific, SenzaGen aims to replace traditional animal testing methods with its advanced genomic methodologies.

Corline Biomedical

Grant in 2017
Founded in Sweden in 1991, Corline Biomedical develops, manufactures, and markets heparin-based solutions to enhance kidney transplantation, cell therapies, and regenerative medicine applications. Its core technology, Corline Heparin Conjugate (CHC), is used to manage immune thrombosis in medical devices and transplants.

Alzinova

Grant in 2017
Alzinova AB is a biotechnology company based in Mölndal, Sweden, focused on discovering and developing therapeutics for Alzheimer's disease. Founded in 2011, Alzinova specializes in innovative treatments leveraging its proprietary AβCC peptide™ technology, which is designed to create non-fibrillogenic therapeutics and research tools. The company's primary products include ALZ-101, an oligomer-directed vaccine, and ALZ-201, a monoclonal antibody targeting toxic oligomeric Aβ forms that impair brain synapses. Both ALZ-101 and ALZ-201 are currently in clinical and preclinical stages of development, aiming to provide effective therapeutic solutions for Alzheimer's disease. Through its research and development efforts, Alzinova seeks to enhance the understanding and treatment of neurodegenerative conditions associated with Alzheimer's.

Biofrigas

Grant in 2017
Biofrigas Sweden AB, based in Gothenburg, Sweden, specializes in the production of biogas, which serves various industries including food production, agriculture, and wastewater treatment. The company employs a unique technology that enables the upgrading and liquefaction of biogas for small-scale applications, making it suitable for agricultural use, smaller treatment plants, and industrial processes. In addition to biogas, Biofrigas also supplies CO2 and heat for diverse applications, contributing to sustainable energy solutions.

Marstrom Composite

Venture Round in 2017
Marstrom Composite AB is a Swedish company based in Västervik, founded in 1983, that specializes in the design and manufacture of high-quality composite products. The company produces a range of items, including boats, spars for both monohulls and multihulls, and various industrial components. Marstrom Composite employs advanced autoclave technology to enhance the durability and performance of its products, while also emphasizing sustainable practices. In addition to its core offerings, the company diversifies its portfolio by providing medical equipment, oil prospecting tools, camera bodies, and cargo panels for major aircraft manufacturers such as Boeing and Airbus. Marstrom Composite operates as a joint venture between TBS Group AB and TBS Yard AB.

Signicat

Venture Round in 2017
Founded in 2006, Signicat is a leading European provider of digital identity services. It offers advanced solutions for electronic identity and signatures, enabling businesses to operate more effectively while reducing risk through robust security technology. Serving banks, financial institutions, government agencies, and corporations, Signicat delivers trust-based services that meet international standards and regulations.

Starcounter

Venture Round in 2017
Starcounter is a software company founded in 2006 by Joachim Wester. Headquartered in Stockholm, Sweden, with offices in Gdansk, Poland, and Palo Alto, United States, it develops a database management platform that combines an in-memory database engine with an application server, aimed at revitalizing enterprise software and enabling high-performance business applications. The platform supports developers in building efficient enterprise solutions, and the company maintains a research and development focus with a team of 30+ scientists from multiple nations pursuing advances in in-memory computing and related technologies.

Ingrid Cloud

Grant in 2016
Ingrid Cloud AB is a Swedish company based in Stockholm that specializes in developing a cloud-based computational application for wind simulation. Established in 2014, the company offers a fully automated flow simulation service that enhances accuracy, flexibility, and cost efficiency for its users. Its platform simplifies the simulation process by automatically generating complex models from computer-aided design (CAD) geometry, allowing designers, engineers, researchers, and architects to conduct flow simulations without prior expertise in computational fluid dynamics (CFD). This accessibility empowers users to improve their design processes effectively and efficiently.

Carbiotix

Grant in 2016
Carbiotix is a pre-clinical stage therapeutics company based in Sweden that specializes in gut health testing and microbiome modulators to address chronic and metabolic diseases. Founded in 2014, Carbiotix emerged from four years of research at Lund University and the Antidiabetic Food Centre. The company has developed a low-cost gut health testing platform, which was launched in 2018, and initiated a significant gut health study involving 600 participants. Carbiotix's product offerings include OneGut, MonthGut, LinkGut, and HealthGut, all designed to harness the potential of the gut microbiome. The company aims to create innovative microbiome modulators utilizing its proprietary soluble fiber, isolated strains, and novel delivery mechanisms, thereby enhancing therapeutic development activities in line with its long-term strategy.

Nelson Garden

Grant in 2016
In 1933 a seed was born. Then Georg Nilsson sat with family home around the kitchen table and filled small bags of seeds. These seeds would soon be sold and the story of Nelson Garden began. For almost a century, we have grown and developed our business. We love to grow and we are at the same time entrepreneurs. We will take care of that. Thanks to our rich history, Nelson Garden is today the market leader in seed for hobby growers in the Nordic region. The Group has approximately 100 employees and sales of SEK 235 million in 2015. In addition to operations in Sweden, we have sales companies in Denmark, Finland, and Norway. Sales are through trade and grocery stores. In addition to seeds, we also sell onions, bird food and garden accessories.

Clinical Laserthermia Systems

Grant in 2016
Clinical Laserthermia Systems AB is a Swedish company that specializes in the development and marketing of therapies and systems for the thermal treatment of solid cancer tumors. Based in Lund, with subsidiaries in Berlin and Boston, the company offers the TRANBERG Thermal Therapy System, which includes a laser unit with advanced monitoring capabilities and tailored single-use instruments for its immunotherapy method known as imILT. Clinical Laserthermia Systems is also focused on creating innovative solutions for various cancers, including breast, pancreatic, skin, and prostate cancers. The company engages in collaborative efforts with organizations such as Image Guided Therapy SA and MRI Interventions, Inc. to advance software and navigation platforms for laser ablation in various medical applications. Additionally, it participates in clinical trials with institutions like Toronto General Hospital to explore MRI-guided treatments for prostate cancer.

Greenely

Grant in 2016
Greenely develops an application that enables users to monitor electricity consumption and provides tips for savings. With over 150,000 connected homes, the company aims to create zero-emission communities by optimizing energy usage through its platform.

NIL Technology ApS

Grant in 2016
NIL Technology ApS is a Danish company specializing in the optical design, prototyping, and mass production of optical components. Founded in 2006 and headquartered in Kongens Lyngby, with a branch in Gothenburg, Sweden, the company offers nanostructured masters for a variety of replication technologies, including nanoimprint and UV-replication. NIL Technology develops innovative solutions for sectors such as biotechnology, space applications, consumer product packaging, and renewable energy. Its product range encompasses diffractive optics, microlens arrays, metalenses, optical diffusers, and various optical components used in applications like augmented reality, structured light, and anti-reflection technologies. The company's expertise positions it as a key player in the optical solutions industry.

Blue Ocean Robotics

Grant in 2016
Blue Ocean Robotics ApS, headquartered in Odense, Denmark, specializes in designing, developing, and commercializing professional service robots. Its portfolio includes the UVD Robot for hospital disinfection, the Multi Tower Robot for patient handling and rehabilitation, and other robots catering to logistics, cleaning, healthcare, education, and more. The company also provides robotic automation solutions, strategic automation roadmaps, and events for the robotic industry. Blue Ocean Robotics serves various sectors, offering its products through sales partners and joint ventures in multiple countries. It operates through subsidiaries in Denmark, Lithuania, Hong Kong, the United States, Sweden, and Germany. Additionally, the company invests in and incubates robotic projects, leading their development and commercialization before potentially selling, licensing, or spinning them out to new subsidiaries or existing companies.

NeoZeo

Grant in 2016
NeoZeo AB is a Swedish company specializing in the development of biogas upgrading equipment aimed at producing biomethane from raw biogas generated on farms and from municipal waste. Founded in 2010 as a spin-off from Stockholm University’s Arrhenius laboratory, NeoZeo leverages extensive research in materials chemistry to offer innovative solutions for gas separation, particularly in the context of carbon dioxide and methane separation. The company has developed unique zeolite adsorbents and continues to invest in research and development to enhance the performance of its technologies. In addition to its biogas systems, NeoZeo provides consulting services focused on gas separation, nanoparticles, and material processing. With operations in Stockholm, Sweden, and an additional office in Riga, Latvia, NeoZeo serves both local and international markets, catering to the needs of farms and municipalities.

In&Motion

Grant in 2016
In&Motion develops wearable smart protection systems designed to reduce injuries from falls. Its flagship ski airbag vest monitors skiers’ movements in real time to anticipate a fall and inflate the airbag before impact, protecting critical areas. The system relies on embedded sensors and algorithms to detect loss of balance and trigger inflation, enabling safety for athletes and enthusiasts alike. The technology has won awards and was worn by Ski Cross World Cup racers in 2015-16, with plans to be available in stores through a partner brand, POC.

Svenska Aerogel

Grant in 2016
Svenska Aerogel AB, established in 2000 and headquartered in Gävle, Sweden, specializes in the research, development, production, and marketing of Quartzene, a unique, recyclable aerogel material. This material is designed for diverse industrial applications, including insulation, filtration, and as an additive in paints and coatings. Quartzene offers fire resistance, energy savings, and the ability to capture harmful substances, making it valuable in various sectors such as construction, filtration, and paper production. Svenska Aerogel AB operates as a subsidiary of Svenska Aerogel Holding AB (publ), serving customers in Europe, North America, and Asia through direct sales channels and resellers.

Agrisera

Grant in 2016
Agrisera is a Swedish company that specializes in producing polyclonal and monoclonal antibodies for research. Based in Vännäs, it offers a broad portfolio of primary and secondary antibodies for detecting plant, algal and human proteins, along with antibody purification and peptide synthesis. The company provides antibodies in multiple volumes and sensitivity ranges and supports customers with direct access to its staff scientists for technical assistance.

Optixmarine

Grant in 2016
Optixmarine is a Swedish company that offers a patent pending gearbox for ships.

Emotra

Grant in 2016
Emotra AB, established in 2001 and based in Sävedalen, Sweden, is a medical device company specializing in the research and development of instruments to measure peripheral psychophysiological signals from the skin. Its primary product, Electrodermal Orientation Reactivity (EDOR), is a psychophysiological test designed to identify patients as reactive or hyporeactive based on their electrodermal reactions to audio stimuli. EDOR is intended for use in psychiatric care and research, providing objective support in routine clinical procedures, particularly for assessing suicide risks in depressed patients.

Sol Voltaics

Venture Round in 2016
Sol Voltaics AB is a nanotechnology company based in Lund, Sweden, established in 2007. It specializes in enhancing the efficiency of solar energy capture and generation by utilizing innovative nanomaterials. The company's flagship product, SolFilm, is a solar panel additive composed of gallium arsenide nanowires that significantly boosts the performance of silicon solar modules. This lightweight photonic film not only converts high-energy sunlight into electricity but is also transparent to infrared light, allowing for further energy conversion by underlying CIGS or silicon cells in a stacked configuration. By integrating these technologies, Sol Voltaics aims to increase conventional photovoltaic module efficiencies by up to 50%, positioning itself at the forefront of the next generation of solar energy solutions.

Boule Diagnostics

Grant in 2015
Boule Diagnostics is a diagnostic company specializing in the development, manufacturing, and marketing of systems and consumables for hematology. The company primarily serves the decentralized market segment, focusing on small and midsize hospitals, clinics, and laboratories within outpatient care, as well as other diagnostic firms in both human and veterinary hematology. Boule operates through commercial subsidiaries in Sweden, the United States, and China, and its products are distributed globally in over 100 countries. Founded in 1992 with the acquisition of Karo Bio Diagnostics AB, Boule's roots trace back to the 1950s when Erik Öhlin developed Europe’s first automatic blood cell counter. This legacy continues through the innovative instruments offered by Boule today.

BraceIt

Grant in 2015
BraceIt creates truly original and useful products for the wearable space, such as ReVault - the world's first wearable private cloud. Its experienced team in Sweden have spent years building smartwatches, unmanned helicopters, fighter aircraft, and automated cars with some of the world’s leading engineers and advanced technology. BraceIt is a member company of LEAD, the best awarded incubator in Sweden in 2014.

Foreseeti

Grant in 2015
Foreseeti AB, founded in 2014 and based in Stockholm, Sweden, is a technology company that specializes in automated threat modeling and attack simulation solutions. Its flagship products include securiCAD, which encompasses various offerings such as securiCAD Vanguard for cloud environments and securiCAD Professional for cybersecurity in design phases. These tools enable organizations to model threats and conduct attack simulations on complex IT infrastructures, providing crucial insights into their cybersecurity posture. Foreseeti's solutions are beneficial across multiple sectors, including military, aviation, finance, energy, automotive, and manufacturing. The company markets its products through consultancies and resellers, focusing on delivering a practical and hands-on approach to cybersecurity challenges. With a team of experienced professionals, Foreseeti aims to simplify the complexities of cybersecurity management, helping organizations proactively enhance their security architecture.

SaferMe

Grant in 2015
SaferMe Limited is a software company based in Wellington, New Zealand, founded in 2012. It specializes in developing a platform and application that alerts workers to potential hazards in their environments and allows businesses and governments to crowdsource information on hazardous locations. The company focuses on enhancing health and safety communications within organizations, serving thousands of users across more than 20 countries. SaferMe provides various services, including offline reporting, system integration, tailored solutions, automatic backups, and mapping interfaces. The company also offers a contact tracing application designed to mitigate virus transmission by utilizing secure, anonymized interaction logs among employees. With offices in New Zealand, Sweden, and the United Kingdom, SaferMe collaborates with notable organizations such as Downer, The Morgan Foundation, and Forest and Bird.

Arcam

Grant in 2015
Arcam AB specializes in additive manufacturing solutions for metal components, primarily focusing on the orthopedic and aerospace industries. The company offers advanced products such as the Arcam Q10, an electron beam melting (EBM) machine designed for the production of orthopedic implants, and the Arcam A2, which facilitates the additive manufacturing of metal parts using various materials for aerospace applications. In addition to these machines, Arcam provides a range of auxiliary equipment for powder handling, including explosion-protected vacuum cleaners, trolleys, and recovery systems. The company also supplies software, metal powders, and a variety of services, including application support and training. Founded in 1997 and headquartered in Gothenburg, Sweden, Arcam serves a global customer base.

Prismatic Sensors

Grant in 2015
Prismatic Sensors AB specializes in the development of advanced photon counting detectors for medical x-ray imaging, with a focus on enhancing image quality while minimizing radiation exposure. Founded in 2012 as a spin-off from KTH Royal Institute of Technology in Stockholm, Sweden, the company leverages its expertise in electronics design, precision mechanics, and data acquisition programming to innovate in the field of medical imaging. Prismatic Sensors aims to improve patient selection for individualized treatment, contributing to better clinical outcomes. The company is experienced in system integration and navigating the regulatory approval process for its products, including prototype development for clinical trials. By transforming scientific research into practical applications, Prismatic Sensors supports healthcare professionals in making informed decisions, ultimately increasing patient survival rates.

IBC ROBOTICS AB

Grant in 2015
IBC ROBOTICS AB has developed a robotic cleaner patented in Sweden and other European countries. IBC Robotics was founded in 2010 by Kerstin and Göran Ericsson. The business concept is based on the environmentally friendly cleaning of transport containers using dry ice and a robot. The solution has been developed in collaboration with Robot Valley, the Royal Institute of Technology and Mälardalen University. The first IBC Robotics cleaning solution is now in operation at the Combi Terminal in Eskilstuna where containers are transferred between trucks and trains.

Mobiletech

Grant in 2015
Mobiletech is a software company that provides the tools for companies, content owners and publishers to create content and services on the mobile web. Mobiletech is a global provider of mobile software and services. Our award winning Platform helps businesses engage with customers through mobile solutions that are quick to develop, simple to deploy and cost effective to maintain. The solutions promise to work seamlessly on every mobile device – today and in the future. Established in 2005, our Platform broke new ground by enabling mobile users to navigate the web with the same ease they expected from their PC. Today, the mobile user experience is still at the core of our approach. Making sure that our clients have mobile solutions that give users an unrivalled experience not only increases traffic to their site – it is the key to building customer loyalty and making mobile initiatives profitable. For Mobiletech’s customers, mobile is straightforward because: - We take a holistic view of web, mobile and apps to create the right solution for each one. - Our Platform automatically gives users the best mobile experience regardless of device, browser, the speed of their connection or geographic location. - Our Platform is future compliant – ready to exploit emerging technologies and manage the challenges they create. You can start small and grow with your needs. The Platform scales easily and is built for high volumes and high performance. - Mobile becomes part of your existing work-flows. This ensures editorial flexibility and control, while content is published with no extra work and tools people already know. - Content need only be developed once to reach all mobile channels. - We are experienced at integrating modern mobile solutions with legacy systems. - The solution is simple and cost effective to maintain. - We are flexible and our solutions can support any business and deployment model. - Today, more than 300 companies rely on Mobiletech to power their mobile strategy with solutions that span 60 countries and 57 languages. They include local and global brands in media, telecoms, finance, energy and the public sector. Mobiletech is headquartered in Norway and has offices in Sweden, Denmark and the United States.

Inission

Grant in 2015
Inission is a Swedish company specializing in tailored production and logistics services for advanced industrial electronics. With locations in Stockholm, Malmö, Borås, Munkfors, and Pajala in Sweden, as well as Tallinn in Estonia and a sales office in Copenhagen, Denmark, Inission serves a diverse range of industrial customers. The company focuses on developing and managing complete electronic products throughout their entire life cycle, ensuring that clients receive comprehensive support from production to logistics.

Nordic Solar Sweden AB

Grant in 2015
Nordic Solar Sweden AB with the roots in Värmland, Nordmarken, has installed solar cell installations on the Swedish solar cell market since 2009. The head office is located in Töcksfors and we have a branch in Karlstad. We store solar cells, inverters and assembly materials for immediate delivery for the Swedish and Norwegian markets.

In&Motion

Grant in 2015
In&Motion develops wearable smart protection systems designed to reduce injuries from falls. Its flagship ski airbag vest monitors skiers’ movements in real time to anticipate a fall and inflate the airbag before impact, protecting critical areas. The system relies on embedded sensors and algorithms to detect loss of balance and trigger inflation, enabling safety for athletes and enthusiasts alike. The technology has won awards and was worn by Ski Cross World Cup racers in 2015-16, with plans to be available in stores through a partner brand, POC.

Cinnober Financial Technology

Grant in 2015
Cinnober Financial Technology AB is a provider of advanced technology solutions for exchange trading, risk management, and financial services globally. Established in 1998 and headquartered in Stockholm, Sweden, Cinnober offers a comprehensive suite of products including the TRADExpress Trading System, a multi-asset trading platform, and the TRADExpress Index Engine, which facilitates real-time index calculation and distribution. The company also provides market data distribution through the TRADExpress Information Manager, as well as surveillance and compliance solutions such as Irisium. Cinnober's offerings extend to clearing solutions, including TRADExpress RealTime Clearing and TRADExpress CCP Risk, catering to the needs of marketplaces, clearinghouses, banks, and brokers. The company has established a strong reputation through successful projects with prominent financial institutions and continues to focus on innovation in trading and clearing technologies.

Salixenergi Europa

Grant in 2015
Salixenergi Europa has been working with energy willow since 1986. Its professional expertise ranges over a wide spectrum, from early planting trials to advanced technological developments in planting, harvesting, and handling. Stable, sustainable plant breeding for over 25 years has produced new willow varieties that provide superior yields. SalixEnergi Europa AB and the plant breeder division of the national Swedish farmers association Lantmännen SW Seed are working together to continuously improve cultivation supplies and cultivation technology. Lantmännen SW Seed has been working with plant breeding for 130 years and commercial willow breeding since 1987. SEE is a privately owned incorporated company with its head office located in southern Sweden. SEE is the representative, both directly and via licensed producers, for the superior willow varieties bred by Lantmännen SW Seed for the European market. Through entrepreneur networks and transport logistics networks, SEE has the capability to manage the harvesting and sales of the willow chips and the delivery of the chips to power stations.

Avantherm

Grant in 2015
Avantherm is a Swedish company which develops and sells renewable, high-performance alternatives to the fossil oils and chemicals currently in use. Avantherm’s products are sold under the Avantherm brand, and have been developed and tested jointly with partners such as KTH Royal Institute of Technology in Stockholm and Saybolt, as well as several leading institutes in Europe. By offering next-generation high-performance oils and chemicals, Avantherm is playing its part in achieving a fossil-free and sustainable society.

Parans Solar Lighting

Grant in 2015
Parans Solar Lighting specializes in providing natural light to indoor spaces through its innovative system that captures and transports sunlight. Founded in 2002, the company commercialized its patented technology in 2004, following extensive research and development in collaboration with Chalmers Technical University in Sweden. Parans primarily serves building owners, architects, and private individuals worldwide via authorized dealers, focusing on delivering high-quality, energy-efficient solutions that enhance indoor environments. The company's products aim to improve the availability of sunlight in spaces such as school classrooms, promoting healthier indoor conditions while encouraging effective resource use in large building construction.

Enza Biotech

Grant in 2015
Enza Biotech AB is a biotechnology company based in Lund, Sweden, founded in 2012. The company specializes in the research and development of renewable surfactants using carbohydrate-based chemistry. Enza Biotech focuses on transitioning from fossil fuel dependency to a biobased society by leveraging its expertise in biotechnology and industrial challenges. The company's product portfolio includes bio-based non-ionic surfactants made from alkylglycosides and oligomeric alkylglycosides, designed for use in cosmetics, personal care products, and pharmaceuticals. Enza Biotech maintains close ties with Lund University, facilitating the collaboration between scientific research and practical business applications.

AASA Global

Grant in 2015
Aasa Global is an international financial technology company founded in 2011, specializing in providing credit solutions to consumers and small to medium-sized businesses. Operating in countries such as Estonia, Poland, Finland, Sweden, Chile, and Indonesia, Aasa seeks to expand into high-growth markets by developing innovative financing solutions. The company utilizes a proprietary, fully automated lending platform that leverages predictive analytics to facilitate quick market entry and scalability. Aasa’s business model has been tested in various regions, focusing on offering financial support where traditional banks may lack speed and flexibility. The company emphasizes client service as its most valuable asset, aiming to provide accessible financial assistance through a unique multi-stage credit assessment process for both individual clients and business owners.

Ferentis

Grant in 2015
Ferentis is a research-intensive biotechnology company involved in the development, production and commercialization of biomimetic peptides and peptide-based scaffolds for tissue engineering and regenerative medicine applications. Ferentis was established in Vilnius, Lithuania, by a group of scientists and entrepreneurs from Canada, Lithuania, Sweden and India.

Time Critical Networks

Grant in 2015
Time Critical Networks is a Swedish startup specializing in software solutions that enhance network performance based on application requirements. The company focuses on developing simulation tools designed for evaluating next-generation Ethernet-based architectures. By utilizing its unique virtual design software, clients can create cost-effective and reliable Ethernet networks while ensuring latency, jitter, and packet delivery guarantees. Time Critical Networks' innovative platform allows for the use of standard commercial off-the-shelf Ethernet switches without sacrificing data delivery reliability, while also supporting advanced protocols like Audio Video Bridging (AVB) and Time-Sensitive Networking (TSN) when necessary. Their flagship product, TCN TimeAnalysis™, is currently in public beta testing, offering model-based performance simulation and analysis for real-time traffic streams. Originating from Chalmers Ventures, a prominent incubator in Scandinavia, Time Critical Networks aims to empower businesses to build robust data networks through effective system timing and performance optimization.

Made for Movement

Grant in 2015
Made for Movement is a Norwegian company that specializes in developing and manufacturing dynamic standing and walking aids for individuals with severe disabilities, particularly children and young adults. Founded in 1995 by Ånund Olsen and Erik Vegge, the company initially gained recognition with the launch of the NF-Walker in 1996, after receiving support from medical technology expert David Hart. The pursuit of innovative mobility solutions led to the introduction of the Innowalk in 2008, which has since evolved into various models, including the Innowalk Pro designed for clinical environments, and the next-generation NF-Walker 2 released in 2016. Made for Movement’s products assist users in exercise, posture correction, and balance maintenance, enabling greater independence in movement. Headquartered in Norway, the company has expanded its presence internationally, with additional offices in Germany, Sweden, Denmark, and the Netherlands, alongside representation in 14 other countries, making it a market leader in the sector.

Solvatten

Grant in 2015
Solvatten is water treatment and solar water heating in one that prevents people from falling sick and improves the quality of life. Solvatten is a Swedish social enterprise that brings Solvatten Solar Safe Water System to customers, charities and distributors around the world. We also partner with organisations and micro-finance institutions to increase reach and affordability. Solvatten is the brainchild of the Swedish inventor, Petra Wadström. The story began in Australia in the early 90s, where Petra was living with her husband Carl and their family. The Wadström’s professional background was diverse, spanning both medical science and the arts. A charitable branch of Solvatten was founded in 2013, focused on improving the lives of, above all, women and children, living without access to safe water. Contributions made in the US are administered by the Solvatten Charitable Foundation USA, a registered 501(c)(3) organization. Contributions to Solvatten Charitable Foundation USA are tax deductible to the extent permitted by law. Living in Australia, Petra was struck by the abundance and intensity of natural sunlight. She was convinced that it must be possible to harness its strength for the betterment of those living in poverty. Exposure to sunlight was key, as this has the effect of both purifying and heating water. After succesful initial trials of the device several field visits throughout Africa and Asia took place, where Petra and her team began conducting studies to validate the efficacy of her creation in a variety of contexts. Today, Solvatten is used in more than 20 countries around the world reaching more than 260.000 people.

Watty

Seed Round in 2015
Founded in Stockholm, Sweden in 2013, Watty develops a subscription-based energy management solution for homes. Its flagship product, the Watty box, combines AI, hardware, IoT, and SaaS to provide real-time insights into energy usage, enabling users to make informed decisions about their consumption.

Mantex

Venture Round in 2015
Founded in Sweden in 1987, Mantex specializes in manufacturing and selling industrial X-ray scanners designed to analyze organic materials used in various industries. Its products include biofuel analyzers for assessing wood-based biofuels' quality, flow scanners for pulp and paper production, and log scanners for research applications.

Mandalon Technologies

Grant in 2015
Mandalon Technologies offers electronic packaging partner from prototype to production. company with special knowledge The company was founded in 1999 with roots in the sensor business S-SENCE at Linköping University. Since then, the company has involved the assembly and wire bonding of sensors, MEMS structures and ASICs and in 2001 Mandalon's first own assembly lab was built. In 2002, Mandalon Corporation and ISO 9001: 2008 certification were active 2008-2015. From 2017 we are certified according to ISO 9001: 2015. Mandalon has been an active member since the start of the Swedish Electronics Industry Association.

Azelio

Grant in 2014
Azelio AB, headquartered in Sweden, specializes in Stirling engine-based renewable energy solutions. The company offers systems designed for global energy markets, particularly in sunbelt regions, with capacities ranging from 500 kW to 20 MW for daytime electrical production coupled with a storage capacity of up to 13 hours. Their primary revenue comes from the European Union, with additional operations in Sweden and other countries. Azelio's innovative technology aims to address one of humanity's most pressing challenges: harnessing solar energy efficiently even during nighttime hours.

Finepart Sweden

Grant in 2014
Finepart Sweden AB specializes in the development and manufacturing of user-friendly machines for fine and micro-abrasive waterjet cutting, drilling, milling, and turning. The company's innovative products are designed for precision applications in sectors such as medical technology, aerospace, fiber-reinforced materials, and micro components. Notable offerings include the finecut WMC 500II, along with various finecut options and the finespin. Finepart's advanced technology not only enhances product performance but also provides increased manufacturing flexibility, enabling customers to achieve higher competitiveness in their respective markets. Additionally, the company offers solutions for polishing and deburring complex-shaped parts, further solidifying its position as a leader in precision machining.

ClimateWell

Grant in 2014
ClimateWell AB, the Solar Cooling company, from Sweden and its business partners develop and market energy efficient indoor climate solutions for use in hotels, condos, blocks of flats, high end villas, office buildings, nursing homes and hospital buildings. Its triple state absorption process is a patented technology which transforms heat into cooling without using electricity. ClimateWell AB and its management team received various international awards and recognitions for their innovation. The company offers its solutions through its partners around the world.
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