Are you about to start your company or recently did? You can apply to join the Arctic Business Incubator. If approved, you receive initial investment from Arctic Ventures and we will mentor you individually for up to two years and provide you with everything you need – business development, customer reach out, connections to venture capitalists and investors, building your team and the development of your own skills.
Next application deadline is midnight, May 20th, 2024
We support you every step of the way. From validating your idea to providing strategic insight, funding your business, creating your leading team and offering full access to our global network.
Start your company at one of the Science Parks in Luleå, Piteå or Skellefteå and get access to competence and partners.
Once admitted to the Arctic Business Incubator you will be qualified to receive an investment in the form of a convertible loan of 400,000 SEK from the angel investor company Arctic Ventures.
During the first year of incubation you will get to meet the angels at a number of times, all of them experienced entrepreneurs with a lot of knowledge to share. We will also work with you to secure further funding.
New and innovative idea, can be new technology, a new business model or something else.
Clear export potential, direct or in the near future. Potential for revenues >30 MSEK within a few years.
You have a plan and we can see your ability to attract the funding needed.
Clarified Intellectual Property situation (source code, idea, etc.), freedom to act and perhaps protect.
At least two people w. balanced profile dedicated to the business and ready to take the company to the next level.
Limited company (Swedish: aktiebolag) based in northern Sweden. At most five years old or starting the company directly upon admission.
You operation and service/offering should contribute to the sustainable development goals (Agenda 2030).
Ability to pitch yourselves and your idea in a good way.
From previous co-workers or managers.
Send us your application including following documents.
(i) A short and straightforward business plan, (ii) a presentation, (iii) a financial plan or budget (where you present in detail what the 400 000 SEK investment from Arctic Ventures will be used for) and last (iv) one to two personal references. The material can be in either Swedish or English.
Once we have received your application, we look it through and will meet those with matching criteria. You’ll then get the chance to present your idea and we will ask you a number of questions. After this step we will decide who will get admitted to the Incubator.
Here are some documents you can use when applying:
May 20th, 2400 CET– Application & send in your material deadline
June TBD – Presentations by selected teams for admission.
2024: 2 Cohort
November 20th, 2400 CET– Application & send in your material deadline
December TBD – Presentations by selected teams for admission.
The Arctic Business Incubator has a fee in the form of an annual royalty of SEK 75,000. When you leave the incubator, after i.e. two years, you will have SEK 150,000 (2x SEK 75,000) in royalties. You will have five years to pay back. If you are not able to pay back within five years, it is written off.
This and information about our facilities, confidentiality against other companies etc. is governed by the membership agreement signed between Arctic Business Incubator and your company.
A consistent track-record of building successful companies since 2005.
With over 180 startups, from smart grid to cutting edge space technology, we’re proud to have solved global challenges alongside the world’s most inspiring entrepreneurs.
We’ve employed over 400 highly skilled professionals both within our existing business hub and across various industries and geographies.
We’ve taken a thousand ideas and turned them into profitable businesses. The current value of these companies combined exceeds 2 billion SEK.
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