STING Incubate Deeptech

Stockholm Innovation & Growth

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Sting Incubate Deeptech is for startups with solutions and innovations based on advanced and complex technologies, often with long development cycles, longer time-to-market and a need for large investments.

Use: Go2Market;
Date closing: -
Amount: 500,000 kr - 500,000 kr
Industry focus: Agriculture, Forestry, Fishery; Arts; Tourism; Health; ICT; Food; Manufacturing; Chemical industry; Construction; Education; Energy and water supply; Transportation; Media; Others;
Yearly operations: 8
Total budget: 4M kr
Entity type: Accelerator
Vertical focus: AI and machine learning, biotech, robotics, life science, new materials, cleantech
Website: https://sting.co/

Status:
Open
Funding type: Equity investment;
Geographic focus: Sweden;
Public/Private: Public/Private
Stage focus:
Applicant target: SME;

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Overview

In the Deeptech program, Sting want to work with companies that are based on substantial scientific advances and new disruptive technologies that help bring solutions to some of our time’s biggest challenges.

Admission: Rolling admission of 6-8 startups per year Length: 6-24 months Cost: 3% to 6% warrant issued to Sting Holding Propel Captial Investment: Potential SEK 500 000 convertible note (in addition to Sting’s 3-6% warrant). Requirements: Launched prototype/alpha and founding team of minimum two people.

Last updated on 2023-03-22 12:04