The categories of funding are based on the principle that projects develop gradually, and the different kinds of funding can – but don't have to – follow on from one another.
< 15 000 Test
Investment to carry out an early assessment of an idea, work on market analysis, novelty assessment or communication.
< 150 000 Verification for Collaboration
VFS (Verifiering för samverkan) is a grant to encourage collaboration between the academia and society i.e. public organisations, non-profit organisations/trusts and companies. The grant offers support to initiate new collaborative projects.
The primary purpose of the VFS-program is to create value for both parties in collaboration by creating an incentive for the academic partner to participate.
< 300 000 Verification for Growth
The Verification for Growth program (in Swedish Verifiering för tillväxt - VFT) aims to verify and validate research-based business concepts and establish the most suitable strategy for further commercialisation. Examples of activities:
- Needs analysis for customer.
- Verification of production method.
- Analysis of regulatory or legal requirements.
- Technical verification that aims to minimise project risk.
- Costs of patents and/or trademark protection.
< 300 000 Accelerator
Investment to help companies that have clear growth potential with operational reinforcement to accelerate the path to the market. For student projects, accelerator investment is available up to 150 000 SEK.
LU Innovation can also provide financial support via the holding company in the form of equity capital. By investing in a company, we show that we believe in it. This also makes it easier for other investors to follow our example and put money into the idea. In order for us to invest in a company, it must be scalable, unique and have major growth potential. In addition it requires a strong and enterprising team. Our aim is to own a maximum of 20 percent of the company.
As well as the three types of financial support and equity capital, LU Innovation also helps find external investors who can provide financial backing to projects and companies.
For ideas that are entrepreneurial and close to the market but that lack a connection to research-based knowledge, there are other support structures in the region, such as Almi, Tillväxtverket and Uppstart Malmö.
For further information about financial support, please contact
Mattias Esbjörnsson, coordinator
mattias.esbjornsson [at] innovation.lu.se
For questions regarding equity capital and company investments contact
Christine Widstrand, Excecutive Vice President
christine.widstrand [at] innovation.lu.se
Tel: +46 46 222 12 95, +46 709 286 378