UIC - Support for start-ups via excellent incubators
| Reference number | |
| Coordinator | Uppsala Innovation Centre AB |
| 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
UIC offers business development support, knowledge and networks to innovative projects and growth companies that want to develop, scale up and reach an international market. Aim: to accelerate time to market and reduce risks in early and crucial stages. To develop our incubator processes to increase gender equality in founding teams and be able to expose our companies to a wider range of investors. Objective: that UIC identifies and develops projects/companies with high growth potential to new Swedish viable companies with a scalable, international and sustainable business model.
Expected effects and result
To evaluate >200 projects/year as candidates to UIC´s incubator process, of which 65 can be admitted to the incubator programs after the selection process. That 65 founding teams receive business development support, network, experience, support in recruitment, competence development, more equal teams and deliveries linked to Agenda 2030 for faster growth. That 10 of the admitted companies meet the requirements for admission to UIC´s final program step UIC Business Accelerator with the goal that 90% have continued strong growth in an international market after completed program.
Planned approach and implementation
Through clear communication, marketing and close collaboration with the innovation support system in Uppsala, attract and evaluate >200 projects/year in the selection process. To provide business development support through 3 incubator programs; UIC Business Startup (30 companies/year), Build (25 companies/year) and Accelerator (10 companies/year). To support the companies with, Vinnova funded, verification activities and to strengthen the companies´ IP strategies. Support the companies with financing advice and implement the STEP process for the development of teams.