CampX - Sustainable Mobility Incubator
| Reference number | |
| Coordinator | Volvo Technology AB |
| Funding from Vinnova | SEK 8 750 000 |
| Project duration | October 2023 - October 2025 |
| Status | Ongoing |
| Venture | Innovations for a sustainable mobility system - individual applications |
Purpose and goal
The goal of this pilot is two fold: 1.The Volvo Group would like to accelerate deep tech startups in the sustainable mobility ecosystem by using a corporate incubator with a peer 2 peer based system, with the aim to get startups to a pilot / product stage faster than the average deep tech startup. 2. At the same time we want to prove the business model and the value of a corporate incubator within the West Sweden region and within the sustainable mobility industry, and show how it can add to the existing startup ecosystem in Gothenburg and the Västra Gotaland region.
Expected effects and result
Within the incubator we will focus on delivering a peer-2-peer environment focused on delivering value around offices, labs and workshops, business, financial knowledge, social network, and reputation. These areas are created around the strength of Volvo Group and the different challenges of deep-tech startups. We expect that this offer will lead to quicker customer validation of products, and therefore quicker product development processes. At the same time this effort will strengthen the region, and will put the region on the map as an attractive place for sustainable mobility.
Planned approach and implementation
The support will be need and peer 2 peer-based around 6 different subjects. With this approach Volvo Group will aim to support 35 startups in a 2 year pilot. The startups will be supported by a team working at CampX by Volvo Group and by a large group of mentors and sponsors within Volvo Group. Volvo Group will update Vinnova on a quarterly basis by administering the time the startups spent in the incubator (in months), and their progress based on the KTH innovation levels.