Swedish Energy Agency Innovation Fund

The Swedish Energy Agency Innovation Fund plays a crucial role in supporting Sweden's transition to sustainable energy solutions and meeting its climate goals. It supports research, innovation, business development, and global dissemination of new solution. It aims to contribute to fulfilling Sweden's energy and climate policy objectives.

Funding Areas

• General energy systems

• Transport systems

• Bioenergy

• Buildings in the energy system

• Electricity production and electrical systems

• Industry

Funding Types and Amounts

1. Concept development: Up to SEK 300,000,

2. Verification of customers: Up to 45% of eligible costs, maximum SEK 3 million,

3. Pilot and demonstration: Up to 45% of eligible costs for projects with capital costs of at least SEK 7 million.

Eligibility

• Projects must be at least at Technology Readiness Level (TRL) 5 and aim to reach TRL 6-8 through the project

Application Process

• Projects are typically advertised with descriptions and application deadlines

• Current opportunities can be found at energimyndigheten.se/utlysningar 

Impact and Success

• Supported 250 startups,

• Provided approximately EUR 90 million to portfolio companies,

• Aggregate valuation of supported companies: approximately EUR 3 billion,

• Estimated impact: 1 billion tonnes of CO2 avoided,

• 80% of supported companies received follow-on funding,

• 25 companies launched initial public offerings,

• Average follow-on investment: 15 times higher than public funding.

Funding Rate

• Can be up to 100%, depending on the purpose and size of the beneficiary