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About us

Sting is an accelerator for startups. We are a non-profit organisation, owned by a public-private foundation. This makes us an independent, founder-centric player who always acts based on what’s best for your startup.

Sting has been around since 2002, supporting hundreds of promising Stockholm-based startups. We have also taken an active part in developing several key components of the startup ecosystem in Stockholm and Sweden for the past 19 years.

We’ve been named the Best Accelerator in the Nordics and the Main Runway for Startups in Stockholm.

Key figures

    NUMBER OF STARTUPS

    305

    FUNDING RAISED (MEUR)

    603

    SURVIVAL RATE

    69%

    COMBINED VALUATION (EUR)

    2 BN

Key figures

    Employees

    2755

    Revenue (MEUR)

    283

    International sales

    64%

Owners and organisation

Sting is owned by a public-private foundation, the Electrum Foundation. 

The Electrum Foundation Board consists of representatives from the business sector (Ericsson, IBM and real estate owners), academia (KTH, Stockholm University and Swedish ICT) and the public sector (the City of Stockholm, Stockholm County Council and County Administrative Board).

Sting’s activities are financed with public funds, from Electrum and our main partners Vinnova, KTH, Stockholm County Council and Stockholm Region; and with private funding from partners, as well as through self-funding.

Being a non-profit organisation, all proceeds go straight back to the programs to help new startups become successful. It is a way for each participating company to “pay it forward”

Board of Directors, Stockholm Innovation & Growth AB

  • Staffan Ingvarsson, chairman, Stockholm Business Region
  • Lisa Ericsson, KTH Innovation
  • Johanna Engman, Electrum Foundation

Sting Advisory Board

These members take an active part in furthering Sting’s startup support by sharing their ideas and network with Sting. The Advisory Board also focuses on how to tackle strategic challenges facing the startup ecosystem in Stockholm.

Sting’s annual report 2019

Please click on the image below to download our latest annual report.

A lifelong community

With a solid track record for the past 19 years, Sting has been a vital part of Stockholm’s startup community supporting hundreds of promising tech startups. Watch this short video to learn more about Sting.

Privacy policy

Your integrity is important to us and we are committed to being transparent with the information we process about you and why. 

Please read our privacy policy.

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