50 million to innovative startups

Published: 19 April 2021

168 startup companies with innovative business ideas share 50 million from Vinnova. The companies receive funding to further develop scalable solutions that contribute to sustainable growth in a global market.

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The renewal of markets, industries and societies is driven and developed through competing innovative ideas and initiatives from companies, innovators and entrepreneurs. Vinnova wants to create conditions for companies to develop their operations when other funding is difficult to obtain.

- The uncertainty and risks that startups take by daring to test new technologies, goods or services are an important driving force when it comes to the renewal of markets and societies. We can see this when several of the innovative solutions that receive funding respond to needs that have arisen during the pandemic, says Emelie Falk, responsible for the announcement at Vinnova.

Some of the startup companies that have received funding:

Hydroc Energy Storage AB
A new technology to save heat from summer to winter naturally in the bedrock. Through Hydroc, the large amount of excess heat that energy companies and process industries normally cool off in summer can be utilized.

Lovisa of Sweden AB
Together with a verifying customer, a broader collection of innovative furniture for outdoor offices will be developed with a special focus on outdoor conferences.

Spacept AB
Spacept develops satellite-based inspections of power lines and other infrastructure with artificial intelligence, which reduces the need for unnecessary helicopters and travel for maintenance personnel.

LyllOs Entertainment AB
A streaming service that, with the help of machine learning, adapts films for the hearing and visually impaired, something that is done manually and slowly today. It makes it easier for individuals with functional variation needs to consume entertainment and movies.

Womni AB
A comprehensive digital platform for women on their way into or during menopause through, among other things, self-assessment tests to get an individualized treatment plan for their symptoms and contact with specialized care providers regardless of where you live in Sweden.

H Sustain AB
Urbanéers is a digital city guide that through digitally augmented reality (Augmented Reality) encourages people to explore local environments by walking or cycling (socially distance-friendly). The effect is reduced carbon dioxide emissions, support for local companies and an improved local community.