Yesterday, 12 STING companies presented their business ideas to some 60 investors at STING Demo Day. The event is the final of the startup programs Accelerate STING and STING Incubate, and attracted a total of 130 specially invited guests. After strong pitches from all the companies, BlueCall was named the winner of Best pitch.
STING Demo Day is held twice a year in order to give entrepreneurs the opportunity to build relationships with future investors, partners and other relevant stakeholders who can help them in their growth. The business ideas presented contained solutions including data encryption, digital health, transport logistics and data management.
– In this group, there are companies that solve real problems and have the potential to become really big, says Pär Hedberg, CEO and founder of STING.
All startups has since the start with STING focused on testing their products and services to customers and fine-tuned business models and processes to grow faster. The entrepreneurs have made great progress both team- and product-wise, with international launches, fundraising and new partnerships established.
BlueCall won the audience’s vote for “Best pitch”. The company connects people in need of counseling with people who can offer it, directly over the phone via the BlueCall app, around the clock, year round.
– STING has given us a springboard to stand on and the best opportunities to grow into the global company we want to be. The coaches have awesome experience and our growth time has probably halved, says Lisa Löfgren, co-founder and marketing director at BlueCall.
Another company, DPOrganizer, helps companies gain control of their personal data handling and to follow new EU regulations that threatens with soaring fines when it enters into force in May 2018.
– STING’s coaches have really challenged us to think bigger and longer term, and we have gained new contacts that enabled us to move forward much faster. Now we’re going to grow a lot, hire more staff and move to new offices, says Egil Berglind, founder and CEO of DPOrganizer.
All companies in STING Accelerate received at the start of the program an investment of SEK 300 000 from STING’s investment company Propel Capital. The investment is given to help teams to focus on their business instead of hunting for capital. From the start of fall 2016, now companies in STING Incubate also have the opportunity to receive investments from Propel Capital.
The companies that participated in STING Demo Day were:
From STING Incubate
From STING Accelerate