Vinnova
Investments
148Portfolio Exits
23Partners & Customers
6About Vinnova
Vinnova is a Swedish governmental agency for innovation systems. The organization's vision is for Sweden to be a world-leading country in research and innovation, an attractive place in which to invest and conduct business. It promotes collaborations between companies, universities, research institutes and the public sector. Vinnova does this by stimulating a greater use of research, by making long-term investments in strong research and innovation milieus and by developing catalytic meeting places. Vinnova's activities also focus on strengthening international cooperation. In order to increase impact, Vinnova is also dedicated to interacting with other research financiers and innovation-promoting organizations.
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Latest Vinnova News
Sep 18, 2023
Ecohelix AB Mon, Sep 18, 2023 12:54 CET Ecohelix announces that it has received a SEK 13 million grant from Vinnova, Sweden´s Innovation Agency. The grant enables Ecohelix to bring its sustainable biopolymer WOODMER® to the market. With the investment, Ecohelix is scaling up demo production plant to verify commercial scale production capabilities and to make sustainable biopolymer available on the market. Ecohelix WOODMER ® biopolymer offers a green alternative to fossil-based polymers. Unique adaptability of WOODMER® makes it applicable to a wide range of products, for example as a paper chemical component, adhesive and a dispersant. Potential application areas are packaging, construction and even cosmetics products. Today, Ecohelix demo production plant is located at Domsjö Fabriker , showcasing the technology in an industrial environment. The plant is utilizing side stream of the pulp mill to produce high performing and environmentally friendly biopolymer, replacing fossil-based polymers used in many applications in for example packaging and construction industry. Vinnova grant enables an investment to ramp up the production of the WOODMER® biopolymer, from current 20 tn/a up to 500 tn/a. This enables the first stage of commercial scale production and prepares the way for full scale production, which is aimed to start in 2026. “We are pleased to receive the fund from Vinnova – Sweden´s Innovation Agency’s Sustainable Industry fund. This is yet another important step forward on our journey to large scale production”, says Petri Oinonen, CEO and founder of Ecohelix. There has been an intense period of research and development together with our partners. During that period, we have created and refined several applications, where Ecohelix WOODMER® can be used to move away from fossil fuels and decrease the society´s environmental burden. This is happening in the products we use in our daily life. Now we can ramp up the production and bring our first products to the market”, Petri Oinonen continues. Ecohelix is building the scale up production together with Domsjö Fabriker. Domsjö Fabriker is a biorefinery that produces dissolving cellulose, lignin powder and bioethanol from softwood. Ecohelix WOODMER® journey took off over 13 years ago, with the aim to identify uses for side streams and by-products of the Domsjö production plant. The project soon developed into a symbiotic partnership between Ecohelix and Domsjö Fabriker, where both finds interesting opportunities and benefits. Technical solution Ecohelix has created, supports the green transition, helping industries move away from fossil products and hence contribute to larger climate goals such as the EU Green Deal and help meet the UN Sustainable Development Goals. Further information: Email: oskar@ecohelix.se
Vinnova Investments
148 Investments
Vinnova has made 148 investments. Their latest investment was in Ecohelix as part of their Grant on September 9, 2023.
Vinnova Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
9/18/2023 | Grant | Ecohelix | $1.16M | Yes | 1 | |
6/8/2023 | Grant - II | InvivoPower | $0.09M | Yes | 1 | |
4/4/2023 | Grant | VOC Diagnostics | Yes | 1 | ||
1/25/2023 | Grant - II | |||||
1/25/2023 | Grant |
Vinnova Portfolio Exits
23 Portfolio Exits
Vinnova has 23 portfolio exits. Their latest portfolio exit was Minalyze on September 18, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
9/18/2023 | Acquired | 2 | |||
5/16/2023 | Acquired | 7 | |||
5/1/2023 | Acquired | 8 | |||
Date | 9/18/2023 | 5/16/2023 | 5/1/2023 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 | 7 | 8 |
Vinnova Partners & Customers
6 Partners and customers
Vinnova has 6 strategic partners and customers. Vinnova recently partnered with Nexer on June 6, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
6/30/2022 | Partner | Sweden | Nexer signs agreement with Vinnova – the Swedish Agency for Innovation The collaboration between Nexer and Vinnova has been ongoing for a long time and is now deepened with an agreement on development of the case management system Effekta . | 1 | |
1/28/2022 | Vendor | ||||
7/19/2021 | Vendor | ||||
7/19/2021 | Vendor | ||||
7/19/2021 | Vendor |
Date | 6/30/2022 | 1/28/2022 | 7/19/2021 | 7/19/2021 | 7/19/2021 |
|---|---|---|---|---|---|
Type | Partner | Vendor | Vendor | Vendor | Vendor |
Business Partner | |||||
Country | Sweden | ||||
News Snippet | Nexer signs agreement with Vinnova – the Swedish Agency for Innovation The collaboration between Nexer and Vinnova has been ongoing for a long time and is now deepened with an agreement on development of the case management system Effekta . | ||||
Sources | 1 |
Vinnova Team
2 Team Members
Vinnova has 2 team members, including current Chief Executive Officer, Nicolai Nolle.
Name | Work History | Title | Status |
|---|---|---|---|
Nicolai Nolle | Chief Executive Officer | Current | |
Name | Nicolai Nolle | |
|---|---|---|
Work History | ||
Title | Chief Executive Officer | |
Status | Current |
Compare Vinnova to Competitors
Innovation Centre Denmark (ICDK) connects businesses, research organisations, and higher education institutions. It offers strategic advice, funding opportunities, and other services. The organization serves life science, green transition, and technology industries. It was founded in 2006 and is based in Copenhagen, Denmark.
Innovation Center Denmark (ICDK) is a trade and development company. It provides services to companies, research and educational institutions, public stakeholders, and Danish citizens and society. It specializes in investment promotion, entrepreneurship, and collaboration in higher education, research, partnering, and assessment in science and technology. It was founded in 2006 and is based in Palo Alto, California.
Alexandra Instituttet is an information technology consultant and developer. It provides artificial intelligence, digital green transition, cyber security, digital health, and more. It was founded in 1999 and is based in Aarhus, Denmark.
Swedfund is a principal investment firm. It is managed by the Ministry of Enterprise and Innovation and specializes in direct and fund of fund investments in developing countries. The company was founded in 1979 and is based in Stockholm, Sweden.
Karolinska Institutet manages an endowment fund that supports scholarships, professorships, fellowships, and basic research. It also offers academic and public service programs for universities. It was founded in 1810 and is based in Solna, Sweden.
Nexer is technology company focused in digital transformation, artificial intelligence, IT, and research and development. It is based in Gothenburg, Sweden.
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