ABI Verification 2016
| Reference number | |
| Coordinator | Arctic Business Incubator AB |
| Funding from Vinnova | SEK 9 650 000 |
| Project duration | January 2016 - February 2021 |
| Status | Completed |
Purpose and goal
This project where we have been able to directly allocate funds for managing early risks and validations has been very successful. It has led to a shorter time to the market, better basis for attracting financing etc.
Expected results and effects
The trust and the ability to directly fund activities for our companies in our incubator is and has been very cost efficient and successful.
Planned approach and implementation
Our internal implementation has been that companies and responsible business advisers have in collaboration come up with proposals and applied for funding for this to CEO of Arctic Business. Then we have regularly (monthly and quarterly) made decisions on the allocation of funds. Thereafter, the companies have had 3 months (or adjusted) to performa the planned taskt and give feedback results (if failed to performa plan, the loose funding and need to reapply).