Sting

Stockholm Innovation & Growth

Get funding

Sting, a.k.a Stockholm Innovation & Growth lets talented people turn their ideas into sustainable businesses.

Use: Go2Market;
Date closing: November 24, 2021
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: 30
Total budget: 15M kr
Entity type: Accelerator
Vertical focus: all
Website: https://sting.co/

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

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Overview

Sting is an accelerator for startups. They are a non-profit organisation, owned by a public-private foundation. This makes them an independent, founder-centric player who always acts based on what’s best for your startup.

They offer qualified coaching in business development, a business angel network, a venture capital fund, a recruitment service, and an international network of investors, business contacts and experts.

-Admission: 2 batches per year, 12-15 startups per batch Length: Minimum four months, maximum 24 months (depending on where you are on your startup journey).

-Cost: They have a “success fee” model in the form of stock warrants to Sting. Investment from Propel Capital: SEK 500 000 convertible note (in addition to Sting’s warrant).

-Requirements: Launched prototype/alpha. Founding team of minimum two people.

Their verticals include health tech, climate tech, digital and deep tech.

Applicants willing to apply for the programme can do it by following this link.

Portfolio: Symbiosis, LegiMeet, Fill, Parently.

Last updated on 2023-03-22 12:04