Vinnova

What is Vinnova?

VINNOVA, known as the Sweden's Innovation Agency, is a governmental entity that operates under the auspices of the Swedish Ministry of Enterprise, Energy and Communications. As an agency, VINNOVA's primary mission is to contribute to sustainable growth by improving the conditions for innovation, as well as funding needs-driven research, which is achieved through various grants and initiatives.

They serve as the national contact agency for the European Union Framework Programme for Research and Development, helping to connect Swedish businesses and researchers with international opportunities and partnerships. VINNOVA’s strategic areas of focus encompass enhancing innovation in small and medium-sized enterprises, fostering strong research and innovation environments, and supporting innovation-friendly regulations.

Their investment thesis revolves around the creation and development of innovations that can lead to new businesses, practices, or products that deliver economic and societal value. This includes funding projects that have the potential to tackle important societal challenges, driving forward Sweden's technological advancement, and strengthening Sweden's role as a leading innovator at a global scale. They work with key stakeholders across various sectors including industry, academia, and public entities to achieve these objectives.

VINNOVA’s approach incorporates a broad spectrum of activities, such as promoting sustainable solutions, enhancing digital transformation, and encouraging collaborations that cross traditional sector boundaries. Through their efforts, they aim to make a substantive contribution to Sweden's competitiveness and overall quality of life.