Vinnova is looking for impact startups
Published: 20 June 2022
Today we face major challenges that require us to think new and do differently, such as pandemics and climate change. We know that we must transform our entire society into something sustainable. To get there, companies with strong innovative capacity are crucial for Sweden's welfare and competitiveness. That is why Vinnova is now looking for innovative impact startups to produce innovations that make a difference in Sweden and in a global market.
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Vinnova works to accelerate the transition to a sustainable society in Sweden, and in the world. Innovations are now needed for a society where production and consumption are kept within the planet's boundaries, and where the transition takes place in a socially sustainable way with the conditions for good and equal health. That is why Vinnova is now investing in becoming even better at finding the companies that really make a difference and address the major societal challenges we face.
- Through this focused investment in impact companies, we want to encourage more entrepreneurs to invest their time and energy in what really makes a difference in their business concept, says Anna Delin, announcement manager for the investment.
What is an impact company?
An impact company is a company whose entire business concept aims to contribute in a measurable way to solving one or more prioritized problems for people, the environment and society, in line with FNs Hållbarhetsmål. The impact of the impact companies and the basic idea itself is to develop innovations that create positive societal effects, at the same time as they can make money from the innovation.
- We want more startups to have a chance to develop and validate their business ideas by taking an early risk before the companies are investable or mature enough for larger EU grants. We are looking for companies that will ultimately be able to make money from their activities and create a profitable business. It is a prerequisite for being able to scale and have an international impact, and thereby really be able to contribute to sustainable change, Anna continues.
The offer innovative impact startups is open between June 15 and August 23.
Read more about the offer innovative impact startups
Read more about how Vinnova works to promote the ecosystem for innovative companies