Support for start-ups via the LEAD incubator in Östergötland AB - business description
| Reference number | |
| Coordinator | LEAD i Östergötland AB - LEAD i Östergötland |
| Funding from Vinnova | SEK 29 025 000 |
| Project duration | July 2020 - June 2025 |
| Status | Ongoing |
| Venture | Inkubationsstöd |
| Call | Support to start-ups through excellent incubators |
Purpose and goal
LEAD´s mission is to create socially, environmentally and financially sustainable companies that can contribute to a better world. The purpose of the project is that we can help individuals with a scalable, innovative idea with great uniqueness get help and knowledge about business development and by building a strong sustainable and equal team to create the best possible platform to succeed. LEAD´s goal is to have the position and reputation of being one of Sweden´s best corporate incubators and deliver at least five companies annually that meet the quality objectives of the business.
Expected effects and result
Through focused work on sustainability and diversity with clear measurable objectives, the expected effects and results of the next 4 years are that LEAD 2024 has at least 40% women in the companies and with a clear focus on diversity and that all companies that make a positive exit from LEAD 2024 should be net positive. The overall goal remains that 5 sustainable, innovative, scalable companies per year will end the process at LEAD with the potential to reach 30 million in sales and 10 employees 5 years after completion.
Planned approach and implementation
1. In addition to our ordinary business development process, we have initiated a sustainability project as a pilot to count on the companies´ net contributions. It will be implemented in our regular process during the spring. 2. Venture Creation - when we recruit entrepreneurs into our trainee program (10 ideas 5 entrepreneurs) we have the goal of at least 50/50 women/men. By recruiting ideas in surrounding environments, we also increase the intake of ideas for the incubator. 3.Through our program for team development and leadership, we also build stronger, more sustainable teams.