GU Ventures Incubator
| Reference number | |
| Coordinator | GU VENTURES AB |
| Funding from Vinnova | SEK 6 000 000 |
| Project duration | December 2017 - March 2021 |
| Status | Completed |
| Venture | 2015-00071-en |
| Call | 2017-01591-en |
Important results from the project
GU Ventures´s vision is that together with innovators, entrepreneurs, the business community and the surrounding society, we shape a better future. The overall goal has been to create economically, socially and environmentally successful and sustainable new businesses that make a difference in a global market. We have achieved this by annually supporting about 40 knowledge-intensive companies in aim to create new jobs and growth. We have offered idea makers a well-developed business development process.
Expected long term effects
The expected effects of GU Ventures activities are to create sustainable value growth, business and jobs by translating ideas sprung from academia into successful commercial companies. GU Ventures then contributes to the development of society and to increased growth. GU Ventures has developed over 130 companies, which employ about 500 people with a total of about SEK 500 million in annual sales. One Unicorn has developed in the incubator during the period and in 2020 over SEK 1 billion has been attracted to existing companies and alumni companies.
Approach and implementation
The incubator has followed an established strategic plan and proven incubator process with the following focus: - Scale up the business - Outreach activities, find the most commercially interesting companies, - Scalable companies, successfully build the foundation for profitable scalable companies with uniqueBXXB business conceptX and conduct alumni activities - Strengthen the workforce in numbers and skills, - Increase the supply of capital to IBOs The implementation has worked well and the incubator has been top ranked internationally among university-based incubators.