Generating Local Seed Investment Companies (Swedish Seed Growth Project)

Project information

Index: 1174R4
Acronym:DIFASS
Priority:1: Innovation and the knowledge economy
Sub Theme:Entrepreneurship and SMEs
Location SWEDEN NORRA SVERIGE Borlänge Norra Mellansverige Start/End date of the practice
Start: 2012
End: November 2014

Topic of the practice

Support to SMEs

Good Practice Information

The purpose of the 2 year research project is to identify, encourage and support the set-up of good practice/local finance models that overcome the challenges faced by early stage innovative businesses in sourcing finance. In particular the ‘funding gap’ experienced during the prototype, launch and expansion stages of their development. Using research gathered from good practice models,
the overall aim is to create early stage seed funds and funding models including private public partnerships that attract competent investors, linked to science parks, incubators or other entities working to support start-ups.
Transferability opportunities: Some of the information gathered is quite general e.g. investment models, roadmaps for initiating and starting investment activities

Evidence of success

Results to date include the creation of 2 new funds with 6 more underway. Other achievements/outcomes include the identification of good practice in a series of 12 one day workshops culminating in a Handbook of models, case studies and the methodology needed to set up local SEED financing instrument.

Contact details to obtain further information on the practice

Olle Stenberg

Swedish Incubators and Science Parks (SISP) / Stiftelsen Teknikdalen

olle.stenberg@sisp.se

www.sisp.se/svensk-tillv%C3%A4xts%C3%A5dd

Annex completed on: 09-16-2014

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