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NEWS October 28, 2019

Five Sting companies receive funding through Vinnova’s Innovative Startups program


Gimme shelter, Klimato, Pliance, Sencept and xNomad have been awarded SEK 300,000 each in grants via Vinnova’s Innovative startups program. The grants are given to startup companies who want to grow in Sweden and have an innovative business concept that meets international competition.

Pliance, a Sting company that automates anti-money laundering activities, says the Vinnova grant has two main benefits.

– It validates the importance of what we’re doing at Pliance and the funding allows us to focus our efforts on creating a blockchain-based solution for anti-money laundering reporting, says Siam Choudhury.

The funding is allocated to projects with high risk and great potential that increases the company’s ability to attract customers, capital or investments.

– We are so excited about the Vinnova funding. It gives us the opportunity to improve our demo product, extend IP and execute our marketing plans, says Iman Vakili, founder and CEO of Sencept, who develops intelligent radar sensors for autonomous systems.

Vinnova has hired experts with relevant expertise who have assessed the projects. The selected projects were considered to have the highest potential, the most credible structure and the most qualified team, but the company is in the early phase and needs to fill the company with content in the form of knowledge and assets.

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