This week Sting kicks off the Sting Accelerate and Sting Incubate programs with 14 new, carefully selected, startups. Climate-smart food, neurocognitive tests, micro insurances, an on-demand beauty service and several innovative software services focused on B2B are among the products and services that the selected companies offer.
The new Sting companies will receive coaching in business development and financing, recruitment support and get access to Sting’s wide network of industry contacts and investors, to increase the pace of development, rapidly enter the market, and increase the chance of success. The companies also have the opportunity to get an investment of SEK 300,000 from Propel Capital, Sweden’s most active private seed investor.
“We’ve had a large number of applicants to the programs and we are very pleased to have several strong international teams among the companies accepted. The group represents a wide variety of business ideas ranging from e-commerce and digital marketplaces to a number of cloud-based services that target the business market. We are excited to get started with the entrepreneurs”, says Fredrik Rosengren, Business Coach at Sting.
Mindmore is one of the newly accepted Sting Incubate companies. The company develops digital neurocognitive tests, including The Minnemera service, a diagnostic tool initially aimed at primary and inpatient care. Sara Wallén, CEO and founder of Mindmore, has high expectations on Sting’s support:
“Sting’s long-term experience and broad competence will be valuable now that we prepare to take our service to the market. Targeting the care industry can be challenging, so we look forward to Sting’s coaching and concrete tools for establishing dialogues with our users for our future development.”
One of the new companies in the Sting Accelerate program is Bukvy, which creates smart bags and accessories for urban people in constant motion.
“We are very pleased to have been selected for Sting Accelerate and we look forward to an intense, eventful and challenging spring! Bukvy has been our inspiring hobby project over the last two years; we have satisfied customers all over the world and this is an important opportunity for us to become stronger on the online side of our business. We are looking forward to get to know the coaches and the other selected teams and to share their experience as well as the challenges ahead of us”, says Elena Ekström, co-founder of Bukvy.
Since the start of 2002, Sting has coached over 250 startups. Stings alumni include companies like Barnabys, Bioservo, DPOrganizer, Karma, Videoplaza, Volumental and Yubico.
The new companies in Sting Accelerate
Baetes develops the next-generation e-commerce platform for the fashion industry. Using the latest VR, AR and 3D scanning technologies, the company creates a brand new digital shopping experience through virtual showrooms. www.baetes.com
Bukvy creates smart bags and accessories for the urban people in constant motion. By combining multi-function and classic aesthetics Bukvy simplifies the carrying experience through items that transforms with the customers need. All items are made by hand, ethically in Europe by genuine leather of great quality and are sold through Bukvys webshop and a few carefully chosen retailers. bukvy.se/
ContentStudio is an AI-based and data-driven social media marketing suite for businesses to grow their social media presence by helping them discover, compose and share engaging content in their industry. Users can keep an eye on trending content in their industry along with analytical stats presented in a meaningful way that help them make better decisions for their content marketing and social media marketing. contentstudio.io
Cryptolens offers a state-of-the-art cloud service that makes it trivial to launch and protect any kind of software, with unique AI analytics to optimize revenue and capture untapped customer segments. cryptolens.io/
Foodla is a marketplace for you to buy and sell your organic goods in local communities – making the market more efficient, reducing food waste and promoting locally produced food which decreases transportation, mass production, and the excessive use of pesticides. getfoodla.com/
Knowlocker is a knowledge management platform for organisations large and small, helping ensure that businesses, the teams within them and external groups, such as customers, have access to the right information at the right time to achieve their goals. By giving internal teams access to the knowledge of an organisation, Knowlocker significantly improves effectiveness and efficiency of operations. knowlocker.com
Margot International transforms trade in services and equipment in the offshore and marine industries.
Suavoo is a beautytech company that provides beauty services to customers’ desired locations, such as the home, office or hotel, through a touch of an app. Suavoo’s digital platform connects freelance stylists and customers and ensures high availability. suavoo.com
The new companies in Sting Incubate
Cribble develops toys for children, developed with foundation in research in psychology and pedagogy.
Intakt will offer digital micro insurances and fundamentally change the concept of what an insurance company is. The company will offer an automated, digitalised and user-friendly solution that makes it possible to offer competitive insurances to a large number of users. Furthermore the platform will give control back to the users over their personal data.
Mindmore develops digital neurocognitive tests, including The Minnemera service, a diagnostic tool primarily aimed at primary and inpatient care. www.minnemera.se
Nutrient is a FoodTech Startup developing concepts and processes for producing climate-friendly proteins and nutrients. We aim to make a real difference by producing sustainable food in a truly circular way where nothing goes to waste. By using untapped resources and converting them into new proteins we strive to innovate the value chain from farm to table. www.nutrient.se
Qofind develops the new generation baby monitors that monitor both temperature and motion when the child is sleeping. www.parvel.se
Skillbreak is a smart social learning platform for unique local learning experiences. All Skillbreaks are taught by experienced and interesting creative experts. We build relationships with our experts and we’re making it easy for them to showcase and share skills with their fans. skillbreak.com