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NEWS January 21, 2016

Up to 250 kSEK in verification support for your life science idea


Do you have an early life science company with high growth potential and a high knowledge level? Then you can apply for up to 250 000 SEK in verification support through STING.

STING has been granted 500 000 SEK from the VINNOVA-funded innovation program SWElife, giving STING the possibility to during 2016 provide verification funds to promising young life science companies.

You don’t have to be a STING company – all startups that meet the criteria can apply for verification support through STING. In addition to being an early life science company with high growth potential and a high knowledge level, your company be rooted in business, i.e. not have an academic connection.

The financing may not exceed SEK 250 000 and can be used for verification activities such as market research or investigations of regulatory and technological opportunities and challenges.

The goal is to reduce the risks at an early stage to encourage more viable companies to develop, and that the commercial potential can strengthen small life science companies’ applications to the major programs by SWElife, VINNOVA and the EU.

The strategic innovation program SWElife is a national initiative to coordinate and develop stable research and innovation processes for Swedish life science.

How do I apply?
Please contact Gisela Sitbon, business coach in Health at STING, and tell her which type of verification activities you require.
Tel: 070-282 55 58

About authentication support

Six Swedish established life science incubators have been supported by SWElife and VINNOVA for the incubators in turn to be able to support new life science companies. Some innovation offices already collaborate with incubators for early commercial verification of academic achievement. With this call, SWElife also wants to provide small life science companies, with no academic connection, with access to support of early commercial verification. One requirement is that the incubator should be prepared to provide support to companies with potential, regardless of where in Sweden they come from. I.e. the startups don’t have be or become affiliated with the incubator.