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Home COUNTRY SCANDINAVIA&BALTICS

Innovatum Science Park’s new funding to drive next-gen industrial tech startups

Arctic Startupby Arctic Startup
February 11, 2025
Reading Time: 5 mins read
in SCANDINAVIA&BALTICS, VENTURE CAPITAL
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Innovatum Science Park, which specializes in industrial technology, has received €48.1K (SEK 14.6 million) in funding following its continued recognition as an excellence incubator for 2025-2029 by Vinnova. The incubator, part of Sweden’s National Incubator Program, focuses on supporting hardware startups, particularly in deep tech and additive manufacturing. With this new funding, Innovatum will further develop its incubator systems and strengthen its role in the Production Technology Center (PTC) ecosystem. This includes providing startups with access to advanced technical equipment and valuable networking opportunities. The funding reflects the ongoing efforts to foster high-growth, knowledge-driven companies within Sweden’s innovation landscape.

As the only incubator in the country focused on industrial technology, Innovatum Science Park is part of the National Incubator Program (NIP), which is part of Sweden’s strategy to increase the number of new and knowledge-intensive growth companies in Sweden.

The quality stamp is given to high-quality, established incubators that meet Vinnova’s requirements regarding both work processes and offers as well as the level of innovation and active gender equality and sustainability work.

“This is an incredibly important quality certificate for our operations and the startup companies we support,” says Eivind Vogel-Rödin, Head of Startup Operations at Innovatum Science Park.

Every year, the incubator evaluates more than 150 business ideas and up to 20 new idea owners are admitted to the incubator program, many of whom run hardware startups.

What makes it stand out among incubators is its focus on industrial technology. Innovatum Science Park is one of the main partners in the Production Technology Center (PTC ) test and demo facility, where the combination of infrastructure, networking and incubation offers great opportunities for start-up companies.

“The PTC ecosystem is unique in the world! For startups, enormous opportunities are created here. Not only through access to technical equipment, but also the network and all the knowledge that is centralized in Trollhättan from both GKN Aerospace, University West and other partners in the network. With the help of Vinnova’s continued support, we can gear up and develop the next generation of incubator systems,” concludes Eivind, who is also chairman of the steering group of the Production Technology Center.

Some of the excellent start-ups supported by Innovatum Science Park’s incubator are Procada, Chassis Autonomy and Odosolutions.

Click here to read more about accelerators/incubators. 

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Read the orginal article: https://arcticstartup.com/innovatum-science-park-receives-e48-1k/

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