annual report 2015 - Sting

ANNUAL REPORT 2015 FOR STOCKHOLM INNOVATION & GROWTH

LETTER FROM THE CEO

2 | ANNUAL REPORT 2015

Another year of fulfilling dreams

This has caught the interest of international investors. Many realize there are few countries, outside the US, with the same industrial breadth and depth as Sweden. We have industry giants in almost all industry sectors, despite the small size of our country. We also have skilled developers, a growing number of serial entrepre-neurs, a creative workforce and loyal employees. I believe there is only one vital link missing in the Swedish startup ecosystem – the participation by the Swedish corporations. In the US, the large corporates play a significant role as early customers to startups, acquirers of them, investors in them, etc. In Sweden, very few established companies view startups as a valu-able way of scouting new innovations for future growth. During 2015, we have therefore launched several initia-tives to address this problem, and to close the gap be-tween startups and corporations.

STING COMPANIES MAKING HEADLINESLet me share some 2015 highlights from the STING companies. Barnebys, the aggregator of the world’s premium auction sites, raised another 4 million euro. Sellpy, the second-hand reseller company, experienced impressive growth and went from zero to 300,000 euro in revenue during the fall. MIND Music Labs presented the world’s first real smart guitar. Airinum, producer of the 21st century urban breathing mask, closed its Kickstarter campaign reaching 700+ percent of its initial funding goal. The medtech company Antrad Medical raised 2.2 million euro from the Markman family, and Yubico, the USB and wireless authentication solution company based in Silicon Valley, reached 15 million euro in revenue.

MORE 2015 HIGHLIGHTS FROM STING’S ECOSYSTEMOut of more than 450 applications, STING selected 28 new startups to join the STING Incubate and STING Accelerate programs, including Sellpy (which you can read more about in the feature on pages 16 – 18).

10 years ago, companies such as

Tobii Technologies, Izettle, Klarna, Spotify and King were young startups. Today, they are some of many new Swedish companies that in the last decennial have turned into successful international companies.

LETTER FROM THE CEO

ANNUAL REPORT 2015 | 3

In March 2016, we opened THINGS – a 2,000 sqm co-working space for startups within the areas of Internet of Things, 3D printing and wearable devices, located on the main campus of the Royal Institute of Technology. THINGS houses 33 startups and is the natural hub for hardware-based startups in Stockholm. The startups there have access to 3D printers and laser cutters, and also to the university’s extensive prototype facilities, for building their first prototypes. In the base-ment, Stockholm Makerspace and a biohacking organ-ization have moved in. THINGS benefits from close re-lationships with corporate partners such as Assa Abloy, Husqvarna, NCC, ABB, SP, H&M and SEB, and are actively engaged in collaborations and startup projects, which is rarely seen in other partnerships. In 2014, we launched Propel Capital I, and during 2015, Propel Capital II was raised and backed by 18 business angels. Propel Capital II invests 32,000 euro in all startups accepted to the STING Accelerate program. During the fall, STING Test Drive Fintech was launched, a pre-incubator program for teams with busi-ness ideas within the financial technology area. We re-ceived an overwhelming number of 64 applications and finally 12 teams were selected. Main partners included NFT Ventures, MasterCard, SEB and Klarna, as well as the business daily Dagens Industri and Stockholm School of Economics. The digital health area is becoming increasingly interesting and therefore we have backed the develop-ment of H2, the new 1,000 sqm co-working space for digital health companies in Hagastaden in Stockholm. We have also turned our Kista office into a lab for early digital health projects. STING’s in-house recruitment support helped the STING companies with 36 tech recruitments – an impressive achievement in the very competitive recruit-ment landscape in Stockholm. We now have a unique competence and capacity to help recruit skilled talent to startups.

Staff wise, we have further strengthened the STING team with a new business coach within sustainability and health, Karin Ruiz, and a new event and office man-ager, Linda Wellgrant.

22 PERCENTAGE IN GROWTHSince 2002, we have backed 181 startups. Seventy-two percent of these are active and developing and generated a combined revenue of 122 MEUR in 2015, an increase of 22 percent from 2014. The number of employees in 2015 was 1,226, also an increase of 22 percent compared to the previous year. The 181 active companies have attracted 291 MEUR in equity since 2002 and 90 MEUR in public funding. As always when I look back at the year passed, I feel incredibly grateful to be working with these passionate entrepreneurs and helping them fulfill their dreams. Being part of the developments and the companies that will be the future of Sweden, and the world, is the best job I can imagine. If you have ideas on how to further strengthen our startup eco-system – please get in touch!

PÄR HEDBERG CEO and founder

Another year of fulfilling dreams

”Citat.”

Dramatically increase your chances of success Only 5 percent of all startups survive. At STING, 70 percent of the startups that have gone through our programs are still active.

STING accepts less than 8 percent of the 450 applications received every year. We have coached 180+ startups over more than 13 years, which has given us extensive experience in turning startups into international companies. Access to all this knowledge makes you feel like a serial entrepreneur, even if you’re starting a company for the first time.

OFFICE SPACE AND CO-WORKING SPACES

Kista

SUP46 (Stockholm City)

THINGS (KTH Campus Valhallavägen)

PR / MEDIA RELATIONS SUPPORT

Communications coaches will help you

get publicity.

NETWORK

Worldwide network of investors, experts, potential customers

and partners.

STING TEST DRIVE

• 6 evening workshops over 3 months

• 12 – 15 cases/batch

• Programs for business ideas within:

- Digital

- Health

- Sustainability

- Fintech

INSPIRE

STING PROGRAMS


BUSINESS DEVELOPMENT SUPPORT


BUSINESS COACHES

Our qualified business coaches will help accelerate your

startup’s development.

STING BUSINESS ANGELS

40 private investors from the tech industry.

TALENT MANAGEMENT

Our coaches will help you build a winning team.

GROW

STING INCUBATE GO GLOBAL MEDTECH

STING ACCELERATE

• 6 – 18 months

• Continuous admissions, 10 – 12 startups/year

• 32,000 EUR in funding

• Coaching up to ½ day/week

• Focus: Development of prototype/beta and verification of market

• Location: THINGS, Kista or at own office

• 6 x 2-day workshops over 4 months

• 8 medtech companies/batch

• Focus: Develop an internationalization plan

• Major medtech corporations host workshops

• 4 months

• 8 startups/batch, 16 startups/year

• 32.000 EUR in funding

• Coaching 2 hrs/week plus weekly batch meeting

• Focus: Commercial launch and scaling of product/service

• Location: SUP46

DEVELOP

BUSINESS DEVELOPMENT SUPPORT

PROPEL CAPITAL

Backed by 20 business angels. Invests

32k EUR in STING startups.


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During 2015, Sellpy grew from 3 people in a garage to 30 awesome Sellpers in a shining warehouse overlooking the sea. We also secured funding from H&M, but most importantly – we had the pleasure of helping thousands of people to sell their stuff. 2016 is off to a great start and we look forward to putting a Sellpy bag in every househould in Sweden!

Michael Arnör, Philip Gunnstam and Oskar Nielsen, Sellpy

FINANCING


Get funded

At STING, you will get help to:

• Prepare a financing plan

• Manage the whole financing process

• Apply for “soft money”

• Gain access to investors worldwide

• Attract investments

• Practice your pitch

• Prepare for meetings with investors

SELECTED TRANSACTIONS 2015

• Barnebys: 4 MEUR from Industrifonden, Active Venture Partners and business angels

• Antrad Medical: 2.2 MEUR from the Markman family

• EdQu: 650k EUR from Gullspång Invest and the Wattin family

• Dreams: 530k EUR from business angels

• Telcred: 278k EUR from ALMI Invest and business angels

• Salesbox: 267k EUR from Rite Ventures

• Sudio: 160k EUR from Bronx Invest

ACCESS TO ALL MAJOR VCS IN THE NORDICS AND EUROPESTING stays in regular contact with the top investors in Europe, creating strong relationships that you have the opportunity to benefit from. Besides our broad investor network, we also have our own financing sources. These are described below.

STING BUSINESS ANGELS

• A network of 40 private investors

• All with entrepreneurial tech backgrounds

• Contribute with both capital and know-how

• Usually invest in groups, 2 – 6 people

PROPEL CAPITAL

• Backed by 20 private investors with Internet/media backgrounds

• Invests 32,000 EUR in every STING Accelerate com-pany and selected STING Incubate companies

€291 €5€14 €90Million raised by STING companies in private capital (acc.)

Million raised by STING companies in public financing (acc.)

Million in total investments by STING Business Angels in 37 STING companies (acc.)

Million invested by Propel Capital in 33 STING companies, incl. STING Accelerate fall 2014 through spring 2016 batches

Several of STING’s business coaches have backgrounds as venture capitalists and private investors, and have supported the vast majority of the 180+ STING companies in their fundraising activities. We will help you to create the best conditions to get funded.


Build a dream team

After coaching more than 180 startups, we have learned what criteria should guide you when building a successful team and company culture.

At STING, you will receive comprehensive sup-port throughout the entire recruitment process, including:

• Understanding the profile you need

• Defining the requirements

• Reaching the right talent networks and channels

• Accessing recruitment tools

• Sceening, selection and hiring 1,226224 146

New employees in 2015 Recruitments that STING has been involved in since 2008

TALENT MANAGEMENT

A startup’s success often depends on the strength of the people behind it. Therefore, there is a dedicated coach at STING that specializes in talent acquisition and management.


Employees in STING companies


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During 2015, we transformed a robotics research project into an award-winning software product with paying customers. We helped develop a new stroke rehabilitation method, became a well-known name on the global virtual reality scene, spoke at some of Europe’s biggest games and VR conferences, and were awarded the 2015 Super Startup by Veckans Affärer and ALMI Invest. It was a pretty good year!

Kai Hübner, Jakob Johansson and Dan Song, Gleechi


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In 2015, we launched our platform with a digital communication tool for children with special needs, their parents and teachers. Now we have several subscribers who use our product to make communication easier every day. We were also finalists in ”Entrepreneurs of the Future” arranged by Svenska Dagbladet and Carnegie.

Lisa Lidgren, Maria Skantz, Lisa’s son Jonas, Lollo Andström and Yvonne Malmström Grimme, PictureMyLife

Join the best

STING evaluates around 450 startups per year. Only the best (less than 8 percent) are accepted to our programs. You will work alongside talented people and share ideas, challenges and achievements.

STARTUPS ACCEPTED TO STING HAVE A BUSINESS IDEA THAT:

• is based on an innovative technology

• clearly solves a major problem in the market

• is scalable

• has a large international market potential

• is developed by a strong team with both technology and business skills

1,96218172%

Evaluated startups

Accepted startups

Active startups

STING COMPANIES MAKING HEADLINES 2015

• Barnebys raises 4 MEUR from Industrifonden, Active Venture Partners and business angels

• Airinum closes Kickstarter campaign – 700% funded

• Midsummer’s solar panels to cover Tele2 Arena

• MIND launches world’s first smart guitar

• Antrad Medical raises 2.2 MEUR from the Markman family

• Qasa and Hemnet join forces

• Beatly signs 1-year deal with Linas Matkasse

STING REQUIREMENTS


At STING, you are surrounded by the most promising entrepreneurs and startups in Stockholm. You will also join an even larger group of successful alumni companies, including Yubico, Videoplaza, Volumental, Diamorph, Sellpy and Barnebys.

CASE


YUBICO

Yubico, maker of the YubiKey, provides security solutions for strong two-factor au-thentication. The company has 100 000

customers in 150 countries, ranging from individuals to 8 of the top 10 Internet companies. The vision is to enable Internet users to have one single and secure key for se-cure access from any device to any number of services.

At STING: 2007Team: 33Revenue: 12.4 MEURTotal funding: 4 MEUROffice: San Francisco, Seattle, Stockholm, LondonMore info: www.yubico.com

MIDSUMMER

Midsummer is the leading supplier of equipment for cost-effective manufactur-ing of high efficiency, flexible CIGS thin

film solar cells. The Midsummer Duo line is an extremely compact thin film production tool that utilizes the com-pany’s own developed solar cell technology.

At STING: 2005Team: 36Revenue: 3.5 MEURTotal funding: 6.8 MEUROffice: StockholmMore info: www.midsummer.se

BARNEBYS

Barnebys.com is a search engine for art, antiques and collectibles from more than 600 auction houses around the world.

The 1 million monthly online visitors are able to search the whole auctions market and auction-related informa-tion in one free user-friendly site.

At STING: 2011Team: 29Revenue: 1.1 MEURTotal funding: 8 MEUROffice: Stockholm, London, New YorkMore info: www.barnebys.com

DIAMORPH

Diamorph supplies advanced material solutions for especially demanding indus-trial applications within the rail, marine,

construction and hydro industries. The Diamorph group has customers in more than 60 countries.

At STING: 2003Team: 263Revenue: 44.3 MEURTotal funding: 75.3 MEUROffice: Stockholm, Manchester, Horni Briza (Czech Republic), Genua (Italy) More info: www.diamorph.com

VIDEOPLAZA

Videoplaza operates one of the world’s largest premium video ad serving platforms and programmatic trading

solutions, delivering ads to viewers across all devices. Used by the most successful broadcasters and media companies in Europe and the Asia Pacific region, the goal is to monetize and maximize the value of their audiences. The company was acquired by Ooyala in 2014 for 53.5 MEUR.

At STING: 2008More info: www.ooyala.com/videoplaza

VOLUMENTAL

Volumental’s 3D scanning software, which includes Intel and Microsoft technology, enables everyone to create an accurate

3D body model to customize products and get that per-fect fit, for e.g. your shoes. Clients include US fashion retailer Nordstrom, and Mykita, which sells its fashion-able optical glasses and sunglasses in over 80 countries.

At STING: 2013Team: 19Revenue: 0.2 MEURTotal funding: 4.5 MEUROffice: StockholmMore info: www.volumental.com

Selected STING stories


XXXCASE: THE STORY OF YUBICO

During 2015, CollaboDoc has developed a digital process tool that will further improve our highly effective primary care process, CollaboDoc Light Acute Clinic. We have already signed two new customer contracts and look forward to launching the product in Q2 2016.

Maria Stadell, Alexander Slotte, Staffan Bjessmo and Tobias Wilnier, CollaboDoc


RESULTS


ACC. PUBLIC VS PRIVATE FINANCING MEUR

0

50

100

150

200

250

300

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Private Financing Public Financing

REVENUE MEUR

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20150

25

50

75

100

125

Revenue Export revenue

OVERALL DEVELOPMENT

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

0

50

100

150

200

6

6

77432

Active companies Of which Mergers/Acqusitions Living dead/changed idea Discontinued

35

90%122

13115

291

90

STING IN NUMBERS 2015


RESULTS


NUMBER OF COMPANIES AND EMPLOYEES

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20150

300

600

900

1200

1500

Accepted companies Employees in active companies

COMPANY VALUATION MEUR

0

100

200

300

400

500

2008 2009 2010 2011 2012 2013 2014 2015

1,226

181

467

Percentage of men/women in STING

companies

20%80%

DEAL FLOW

Evaluated starups 1,962

Accepted startups 181

From the business community 78%

University/Research-based 22%

Internet/Media 41%

ICT 24%

Life Science 15%

Cleantech 14%

Other 6%


CASE: THE STORY OF SELLPY

The iconic blue IKEA bag can be found in every Swedish household. For most people, it is a convenient way to transport laundry and recycling. But for the three founders of Sellpy, the versatile shopping bag provided the prototype to build a 1 MEUR business in one year.

Like most successful startups, it all began when found-ing CEO Michael Arnör tried to solve a problem for him-self. He had just returned from spending two years in the United States and was clearing out his old room in his parents’ house. – Sorting through my belongings I hadn’t used over the past two years, I filled a few IKEA bags with good quality items that I didn’t want or need anymore. I real-ized they were too good to trash and would be able to provide value to others, but the challenge was trying to figure out what to do with this “stuff”, says Michael. He wondered how many other people had this prob-lem. After speaking to his friends Oskar Nielsen and

Philip Gunnstam it was clear that it wasn’t just him that had unwanted items sitting in drawers, taking up space and depreciating in value.

THE RAPID ACCUMULATION OF “STUFF”Online shopping has made purchasing the latest gadget or trendy outfit as easy as clicking a button, and as the new purchase arrives at the front door, the older version inevitably gets pushed to the back of the closet. – Marketplaces like Tradera and eBay have created an easy environment to trade second-hand items online, yet the majority of us would admit to having a drawer full of things that we should sell, but just haven’t got around

The “Stuff” Startup Dreams Are Made Of



to doing. Why is that? says Michael. The hypothesis is that although online marketplaces are easy to use, it is the logistics of listing your stuff and organizing to meet multiple buyers that are time con-suming and frustrating. Michael, Oskar and Philip recognized that a huge business opportunity lay in removing that logistical fric-tion. They founded Sellpy to help make online selling as easy as online buying.

THE SIMPLICITY OF THE OFFER…The proposition is simple – Sellpy helps you sell the stuff you no longer use. All you have to do is order a Sellpy bag via their website, www.sellpy.se, fill the bag with your old “stuff” and order a pick up. Sellpy takes care of the rest, and when your “stuff” is sold, you receive payment. There are just two rules: items must be legal, and they need to fit in a Sellpy bag.

...AND THE COMPLEXITY OF THE BACKENDTo the consumer, Sellpy is a savvy logistics company, but to the founders, it is fundamentally a tech company. The reason Sellpy has scaled from serving zero to more than 3,000 customers in just over a year is attributed to the proprietary software that the team developed.

Beyond the slick customer interface is a complex automated system that;

1. receives requests for Sellpy bags and pick ups

2. assigns unique tags to every item in the bag

3. keeps customers updated via notifications

4. tracks the bidding and final sale price of every item sold and

5. allocates payments for each bag

Infused with this high-tech solution, COO Oskar Nielsen oversees a casual workforce of 30 employees that sort through the items for defects, photograph quality items, write descriptions and list them on the Swedish equiva-lent of eBay, Tradera. Beyond this is an integrated stock management system that records every item on the warehouse shelf and an online store that lists thousands of individual products.

AN ITERATIVE PROCESS But it didn’t start out this slick. When the founding trio started the business, there was no software, no Sellpy bag and no team to help process the contents of the bag. Whilst validating the hypothesis they aimed to build as little as possible. – Our starting point was not building the app or the warehouse. We focused on providing the best possible service to their customers and solved the challenges as they arose from there, says CFO Philip Gunnstam. Their first customers were friends and family who filled their own IKEA bags with unwanted “stuff”. The Sellpy crew then sold the items online and split the pro-ceeds with the bag provider. After just two weeks, Sellpy had their first “genuine” customer – a request for a pick up from someone they didn’t know! Excited that their offering was gaining trac-tion, they jumped in an Uber to pick up the bag. – That was what we call the “luxurious” pick up! Following pickups involved us lugging bundles of bulky bags across Stockholm via the subway system, says Oskar with a smile. News of their service spread and to keep up with the rising demand, the Sellpy team were purchasing 600 bags every time they went to IKEA. But what later came back in those bags from their customers was very differ-ent from what the founders had envisioned.


Their initial pilot bags were filled with high-value elec-tronics and kitchen appliances, yet the majority of items sent in from customers were now clothes. Slightly skep-tical, they listed the clothing items on Tradera and were delighted to discover a strong demand for second-hand clothing. In fact, Sellpy now generates the majority of its revenue from this previously overlooked category. As Sellpy bags of “stuff” continued to roll in, the founding team devised a manual tracking system of Post-it notes on IKEA bags. Once they had developed a natural rhythm they measured everything. – We timed how long it took to sort the bags, photo-graph items, write descriptions, list the product and sell it. Essentially, we were measuring the cost of turning the contents of the bag into cash, says Philip. Measurement is key to every business, but under-standing the costs associated with each activity is inte-gral to the success of this cost-driven business. Whilst most traditional businesses set the selling price of their products, Sellpy’s selling price is determined by the final bidding price of the buyer on the Tradera platform. As every item in the bag is listed at a 50 Swedish crowns starting price (approx. 5 euro), the revenue generated from a single item can range from 50 to 8,000 crowns, making forecasting challenging. However, costs can be controlled, and by reducing costs, margins can be pro-tected. Armed with data and insights, the Post-it notes were replaced with dynamic software that now streamlines the process and provides insight on how to further reduce costs. For example, after a few months of operating they realized that not every sale was a good sale. – When we started, we tried to sell everything that was sent in the bag – even if the listed price was just 1 Swedish crown. But after calculating the processing and courier costs, we set the starting price at 50, says Philip. To this day if items cannot be sold for 50 crowns, the sender of the bag is notified and upon their consent, the item is donated to charity. This streamlining strategy to remove low value stock has added even more value to the Sellpy offering as customers know that if they don’t get cash for their item, at least it goes to a good cause. These efficiency metrics have also proven to be very valuable whilst fundraising – providing potential investors with the data they need to make their investment deci-sions. – It is important to anticipate the questions that poten-tial investors will ask and then build the business KPIs to address those questions, explains Philip.

1 MILLION EURO INVESTMENTThis fundraising strategy is definitely working. To date, there has been a total of 1 million euro invested in Sellpy from multiple sources, including Swedish retail group H&M, which invested over 500,000 euro in January 2016. The investment, and the non-financial support that comes with it, has been key to Sellpy’s rapid growth. Although the business has been revenue generating from day one, finance has enabled the team to take sal-aries from the start, continuously develop their system, double their warehouse size and scale their operations. – During this time, the STING ecosystem provided a foothold in the community, a competitive startup en-vironment and coaches that helped us keep the focus on the right things, which was very valuable for us, says Michael.

A SELLPY BAG IN EVERY HOMEWith the latest round of investment, Sellpy is geared to expand into larger “stuff-accumulating” markets such as Europe and the United States. With that expansion will come further learning. Clothes are much cheaper in the new markets Sellpy will be entering and the team is curious to see how this will impact the contents of the Sellpy bag. The beauty of the simple “it must fit in the bag” rule is its ability to adapt to new markets. It is the customer that determines what goes into the Sellpy bag and it is the market that determines its selling price. – As long as consumers keep accumulating “stuff” and the global “reuse” market gains further traction, we’re on track to realize our global ambition; that in every Western household, next to the IKEA bag with things to recycle, there will be a Sellpy bag of “stuff” ready to be resold, says Michael.

Product: Comprehensive reselling service for used goodsTotal Customers in 2015: > 3,000Office: Frihamnen, Stockholm Industry: Online second-handFounded: 2014Revenue in 2015: ~1 MEUR Team: 3 founders, 30 employeesVenture Capital: ~1MEUR

KEY FACTS



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In 2015, we at EdQu launched our first service for education providers, grew to > 40,000 users, raised 6 MSEK and signed several high-profile customers in Swedish education such as AcadeMedia, MyAcademy and Studybuddy. In 2016, we will expand our offering in several exciting ways!

Karl Murray, Elias Freider, Viktor Sebes, Johan Sanderoth (sitting) and Ollanta Cuba Gyllensten, EdQu


The STING CompaniesDARCY’s product Tvined is a platform for building innovative and meaningful applications on top of multiple data sources. Via Tvined, a programming interface is created to simply be integrated in the application. www.tvined.com INC

GLEECHI creates software solutions that enable realistic hand and finger-grasping behavior in com-puter games, simulation and educational games, and virtual character animation. www.gleechi.com INC

INKONOVA provides innovative engineering prod-ucts and solutions. The central product is the TILT Drone, which is the world’s fastest quad copter with a neutral pitch. www.inkonova.se INC

LIGHT FLEX SWEDEN uses lighting technology to create state-of-the-art active-light wearables, enhancing personal safety. www.lightflextechnology.com INC

METASOLUTIONS creates solutions for data man-agement, to reduce handling costs and to make data accessible. www.metasolutions.se INC

MIND MUSIC LABS develops musical instru-ments and accessories that combine Stradivari’s traditional acoustic tradition with digital and IoT technologies. The first product is Sensus, the world’s first real smart guitar. www.mindmusiclabs.com INC

SHARP AND SOFT develops a unique infrastructure for secure and scalable protection of information, a platform for the global operating system of the future. www.sharpsoft.se INC

ACUMEM’s ThreadSpotter helps eliminate perfor-mance issues by analyzing memory bandwidth and latency. Acumem was acquired by Rogue Wave in 2010. www.roguewave.com AL

CGRAIN develops and manufactures equipment for quality control of grain, by advanced image processing that analyses each seed in a sample. www.cgrain.se AL

CHALLENGERA helps its clients execute on their strategic initiatives while engaging employees in the process via a web-based tool. www.challengera.com AL

CUPTRONIC’s production process for manufactur-ing highly advanced circuit boards, reduces the environmental impact and has a significantly lower cost than its competitors. www.cuptronic.com AL

DEGOO is a free backup service that gives users auto-matic online backup in exchange for sharing unused hard drive space. www.degoo.com AL

DOREMIR’s software ScoreCloud understands the structure of music and works like a “virtual lis-tener”. With the help of ScoreCloud, the user can generate useful scores in real time, simply by playing a piece of music. www.scorecloud.com AL

DREAMLER is an online tool that helps groups of people improve the quality of their plans by making process discovery and planning a more collaborative and visual activity. www.dreamler.com AL

IRNOVA develops and supplies high quality, high performance infrared detectors and related com-ponents to infrared module, camera and system manufacturers worldwide. www.ir-nova.se AL

OPTICALLER SOFTWARE develops software for mo-bile PBX and Unified Communications. It allows the user to make calls in a flexible manner and at significantly lower costs. www.opticaller.se AL

SYNTUNE supplies state-of-the-art widely tunable lasers for applications ranging from fiber optic communications to sensor systems. The company was acquired by Finisar in 2011. www.finisar.com AL

TELCRED develops the next generation Physical Access Control Systems based on NFC, which ena-bles remote distribution of access rights to mobile phones or other types of devices, turning them into keys. www.telcred.com AL

TINY MONDO has developed Beagle, a streamlined lead-generation solution for small and medium business. With easy to use forms, it allows to identify individuals visiting a website and follow their activities over time. www.beaglemarketing.com AL

TRANSIC designs and manufactures power transis-tors in silicon carbide. The company was acquired by Fairchild Semiconductor in 2011. www.fairchildsemi.com •AL

UNOMALY creates a unique solution for performing real time diagnosis and behavioral monitoring of critical IT systems. www.unomaly.com AL

VOLUMENTAL provides an easy online 3D scanning service. They 3D map everyone’s body meas-urements so that companies can create custom products and services. www.volumental.com AL

GADDR is a universal friend request service that lets you add the same person on up to 35+ social media, games and profiles with one click. www.gaddr.com ACC

MARQTS makes it easier for you as an investor, large or small, to understand financial information so that you can make better investment decisions. www.marqts.com ACC

MATCH2ONE makes it easier for advertisers to make automated and hyper-targeted purchases of ad inventory – so called programmatic marketing. www.match2one.com ACC

MI.TV is the fastest-growing online/mobile TV guide in Latin America. It’s is not only a guide, but a social platform that gives personal recommenda-tions of shows based on users’ preferences. www.mi.tv ACC

SNIPH is a smart subscription service for perfume, which makes it easy to discover new scents. Sniph delivers 7 ml bottles monthly, to be used in a smart case. www.sniph.com ACC

TELEGURU is a fast-growing telecommunications website targeting the Polish market that helps people choose the right products and services. www.teleguru.pl ACC

WORLDSMARATHONS is the starting place for all long-distance runners and helps them plan for, train for and complete a marathon in the best possible and most enjoyable way. www.worldsmarathons.com ACC

YOUMODELS is an online platform for booking and managing models. It allows advertisers to easily find and “book the look” without contacting multi-ple agencies. www.youmodels.com ACC

30MINMBA is a skill development service that offers sticky summaries of great business books for ambitious professionals who want to stay ahead. www.30minmba.com AL

AIRINUM develops a designed, new kind of urban breathing mask to guard millions of people from diseases caused by air pollution. www.airinum.com AL

APPRL offers a range of easy-to-use tools that help digital publishers and bloggers to monetize and online stores to sell more by increasing their reach. www.apprl.com AL

BARNEBYS is an easy to use and fast tool for searching objects on auction by the established auction houses around the world. www.barnebys.co.uk AL

BEATLY provides a platform for advertisers to cre-ate, manage and follow-up on influencer marketing campaigns in social media. www.beatly.com AL

BILLECTA simplifies and manages your invoic-ing and accounts receivables. The simple but powerful invoicing tool, together with an automatic matching of your incoming payments, gives you access to constant up-to-date accounts receivable – wherever you are. www.billecta.com AL

BOXGARD offers a smart, urban, by-the-box storage solution. The pay-as-you-go service is booked on-line and comes with free pick up, boxes and home delivery. www.boxgard.com AL

CODARICA produces educational materials for children that teaches and introduces programming languages through exciting graphics and engaging storytelling. www.codarica.com AL

COMPETENCER is a new way of providing online advisory services, such as coaching and therapy. It offers a complete solution – from marketing, booking and payment, to the actual meeting and follow up. www.competencer.com AL

DAILY BITS OF gives you bite-sized courses in personal development – free and frictionless via message platforms you love. www.dailybitsof.com AL

ICT

INTERNET/MEDIA

INC = STING INCUBATE

ACC = STING ACCELERATE

AL = ALUMNI

= STING CAPITAL FINANCING

THE STING COMPANIES


DREAMS is a personal trainer that makes saving money easy, engaging and social. It’s a mobile bank service that turns general savings into specific dreams. www.getdreams.com AL

EDQU offers digital tests covering different school subjects that together with powerful analytical tools help students, teachers and school leaders to better understand and improve student results. www.edqu.se AL

FACIT.COM, a free and brand-independent guide for buying new cars, makes life easier for all new car buyers. www.facit.com AL

FOOTMALL is a shopping engine and marketplace for shoes, offering a wide range of shoes from many different retailers, saving consumers both time and money. www.footmall.se AL

GEVEO develops the web-to-print solution Control-print, which helps companies to use their brands in the correct way by converting graphic profiles into user-friendly templates. www.geveo.se AL

GRO PLAY makes edutainment games and content to encourage children to learn about social and sustainability issues in an entertaining and inspiring way. www.groplay.com AL

HAAARTLAND develops cloud- and subscrip-tion-based services for marketers by using ma-chine learning and other “sci-fi tech” to support all three process steps; understand, create and publish. www.haaartland.com AL

HAPPYTAIL is a social network for dogs, dog owners and people who love dogs. By connecting dogs with dog lovers, HappyTail eliminates the dog owners’ dilemma of restricted freedom and lonely dog walks. www.happytail.com AL

IDOC24 provides a mobile medical information ser-vice providing 24-hour medical advice on mobile devices – whenever and wherever you need it. www.iDoc24.se AL

JARAMBA is a digital adventure world where children can freely explore new content based on their own interests. It tailors the user experience to each individual’s needs. www.jaramba.se AL

JOIN THE CONVERSATION is a podcast company that has developed Wave, Birdie and Digger – new ways to listen to, record, and share interviews and stories. www.wavepodcasts.com AL

KARMA is a customer driven marketing tool that helps companies connect with their customers by capturing customer data and offering tailored shopping experiences. www.karma.ly AL

LIVEGUIDE is a free digital service and guide to live broadcasting. Explore, discover and stay up to date with what’s on in the world right now. www.liveguide.info AL

MARKET2MEMBER has developed a SaaS platform that makes it easy for companies and organiza-tions to offer advanced loyalty and cash back programs to their customers and members. www.market2member.se AL

MATHLEAKS offers comprehensive and pedagogical solutions in a mobile app to selected math books used in Swedish high schools. www.mathleaks.se AL

MOGGLES is a portable virtual reality (VR) headset for smartphones, which together with head track-ing algorithms makes it easier to create, share and use VR content. www.moggles.com AL

MONDIDO is a smart payment solution that offers a simple and fast way to start accepting payments on webpages and in mobile applications, and smart features that help to increase and analyze sales. www.mondido.com AL

PEERIALISM develops global file storage and video streaming technologies. The company was acquired by MPS Broadband in 2012. www.mpsbroadband.com, www.livestreaming.se AL

PEPPY PALS is a mobile game studio that makes fun games for kids with a focus on emotional in-telligence (EQ). The apps encourage collaboration, empathy, feelings and help to prevent bullying. www.peppypals.com AL

POPPERMOST PRODUCTIONS develops SNOW, the first free-to-play, open-world, skiing and snow-boarding game. www.snowthegame.com AL

PRETTYPEGS manufactures and sells uniquely designed furniture legs for IKEA sofas, beds and benches. www.prettypegs.com AL

QASA is an online platform for sublets that offers a safe, hassle-free and personal experience to landlords and tenants alike. www.qasa.se AL

RELATION DESK is a social media, CRM and analytics tool to help companies build great rela-tionships with their customers. www.relationdesk.com AL

RESRC is a staffing and consulting industry net-work that enables improved cooperation between companies by offering efficient networking tools and scalable information services. www.resrc.se AL

RÊVE is a product recognition platform that connects people with the products they love. Rêve allows consumers to recognize, connect and inter-act with products via digital means, regardless of the environment in which they see them (digital or physical stores). www.reveapp.com AL

SALESBOX CRM brings you the mobile CRM that takes only a few seconds to update. It is an intelli-gent and mobile CRM system for maximizing your sales. www.salesboxcrm.com AL

SELFIEJOBS makes it easy and fun to post and apply for jobs within the service sector. The main appeal is a swipe-to-like regime, short video pitch-es and matching with the same simplicity as seen in recent dating engines. www.selfiejobs.net AL

SELLPY makes it dead simple to get rid of stuff you don’t use anymore. Order a Sellpy bag online and fill it with anything you want. Sellpy gets you both more space and money, and ensures that your unused items come to use. www.sellpy.se AL

SHOPJOY connects the physical and digital world by developing sensors that create relevant and per-sonalized communication based on the consumer’s location and personal characteristics. www.shopjoy.se AL

SMARTBEAR SOFTWARE’s (formerly Eviware) SoapUI is the world’s most widely used program for the design, development and testing of web services. SoapUI enhances quality and cuts the cost of web service projects by 20 percent. The company was acquired by Smartbear in 2011. www.eviware.com AL

SPONTANO is a digital guide to show you the best events Stockholm has to offer in the coming 48 hours, and lets you buy tickets with just two taps. www.spontano.se AL

STDIOTOGO is a tool that helps you to easily create stylish, interesting and engaging videos. Without prior knowledge, you can publish viral content with just a few clicks. www.stdiotogo.se AL

STRAWPAY uses bitcoin payment channels and payment protocol to create small, cheap and se-cure micro payments. The buyer and seller of the payments only risk one payment at the time. www.strawpay.com AL

SUDIO is a lifestyle brand that designs, develops and sells elegant earphones. www.sudio.se AL

SUPPORTKNAPPEN offers individuals and business-es technical on-demand IT-support for all systems, solutions and configurations available on the market. www.supportknappen.se AL

UNJOBFINDER.ORG is the global career service provider for the international development sector, matching job seekers with hiring organizations through innovative tools and services. www.unjobfinder.org AL

UXVIBE develops a platform and service for han-dling tournaments in skill-based app games. www.uxvibe.com AL

VIDEOPLAZA develops an online video-based advertising system for new, interactive advertising formats that make the best use of the opportuni-ties offered by web-TV. Videoplaza was acquired by Ooyala in 2014. www.ooyala.com/videoplaza AL

VIRTUELL MEDIA runs social internet sites focusing on home construction, providing its customers unique web-based 2D/3D drawing tools through its software MySketch. www.virtuellmedia.se AL

WAITRESS is a mobile ordering and payment service for restaurant lovers. Check out the menu from home or at the dining table, send your order directly to the kitchen, and pay with a click when you are ready to go. www.waitress.com AL

YUBICO provides a new technology for quick, easy, and secure login to websites and networks. Using a USB key and open protocols for identification, the same identity can be used to access an unlimited number of online services. www.yubico.com AL

AIFLOO develops a platform based on neurosci-ence-inspired research, offering artificial intelli-gence for sensor-networks, IoT and cyber-physical systems. www.aifloo.com INC

COLLABODOC has developed a proprietary process tool, the Light ER concept, which substantially in-creases the primary care availability and efficiency, and has doubled the physicians’ patient time and reduced waiting times. www.collabodoc.se INC

EGETTO has developed Intersport Challenge, a revolutionary app and web-based team health challenge where all forms of activities count. www.intersportchallenge.com INC

HIDN TECHNOLOGY first product, hidn tempo, is an intelligent stress coach hidden in a smart watch band that measures stress and actively coaches the user. www.hidn.technology INC

BELLY BALANCE provides services and products re-lated to the treatment of IBS. The company is run by registered dieticians specialized in treatment of IBS, and aims ease the life of the 15 – 20% of the population affected by the disease. www.bellybalance.se INC

HEALTH



AL = ALUMNI


THE STING COMPANIES


XXX

In 2015, we successfully raised funding from internationally-praised entrepreneurs and top angel investors, and, most importantly – launched our first free app HappyTail, which connects dog lovers locally, on AppStore and GooglePlay. Now, focus is on securing proof of concept on the Swedish market with support from key players in the pet industry, and expanding into new markets.

Jenny Hanell, Katharina Welin, Maja Magnusson and office dogs Rufus and Zelda, HappyTail


XXX

In December 2015, we soft launched Jaramba with the aim to become Sweden’s premiere children’s streaming service. With very little marketing effort, Jaramba grew its user base to 1,500+ in its first four weeks, indicating a strong demand for innovative and interactive children’s content. We are proud to have Skansen, among others, as a content partner. Our next goal is to introduce our premium subscription offering in Q2 2016.

Back: Viveka Pourshahidi, Lasse Anttinen, Peter Sjöström, Stefan Thulin. Front: Lilly Ruijun Wang, Björn Holmqvist and Lisa Hellström, Jaramba


MAGNEA uses advanced machine learning algo-rithms to measure and quantify movements and to help motivate physical activity by patients in eldercare and healthcare. www.magnea.com INC

NEOSENSE supplies intensive care units for critical-ly ill patients with continuous monitoring systems for improved control and safety. www.neosen.se INC

PICTUREMYLIFE simplifies everyday life for children with special needs, their parents and teachers by providing user-friendly image-based tools. www.picturemylife.se INC

VISUECARE is a new cloud service that aims to ensure a good quality of care and security for resi-dents and relatives in elderly care. The application is also a working tool for the staff and support staff to work more efficiently. www.visuecare.com INC

ANTRAD MEDICAL offers blood banks around the world the possibility to thaw blood plasma in just five minutes, a procedure that normally takes 20-40 minutes. www.antrad.se •AL

BIOSERVO TECHNOLOGIES develops muscle ampli-fication systems. Its first product is a glove that strengthens one’s grip. The glove gives elderly their hand-strength back, lets younger people work longer and craftsmen lift heavier loads. www.bioservo.com •AL

BRIGHTER develops tools that improve the situation and everyday lives of individuals with a medical condition. www.brighter.se AL

CATHPRINT offers a new technology for the design and manufacturing of catheters that makes it possible to produce more advanced catheters at a significantly lower cost. www.cathprint.se •AL

CHUNDSELL MEDICALS develops a diagnostic test, PCPT, that provides the opportunity to choose the treatment of prostate cancer at an early stage, tailored to the pathology of the tumor. www.chundsell.com AL

CYBERGENE develops and sells products for genetic diagnosis that require significantly less resources than current products and can shorten the time needed for diagnosis from weeks to just a few days. www.cybergene.com •AL

ENCARE offers products to improve the care for surgery patients, reducing the number of compli-cations by half and limiting recovery time to an average of three days. www.encaregroup.com •AL

ICELLATE sets a new standard for marker-independ-ent processing technology for cell samples for medical diagnosis and research, providing better sample quality by removing unwanted cells and impurities. www.icellate.se AL

OBSTECARE provides medical solutions for improv-ing delivery care by supplying reliable services and products, facilitating efficient care in maternity wards. www.obstecare.com •AL

SENSEGRAPHICS provides software for developing multi-sensory and haptic applications. www.sensegraphics.com AL

SINGLE TECHNOLOGIES develops a technology concept that enables high-resolution 3D videos of molecules, living cells and tissue, and has the potential to lead major advancements in the static imaging techniques used today. www.singletechnologies.com AL

SYMCEL develops a new generation of scientific instruments to make faster analysis possible for the life science industry. Its product reduces project time by allowing key prioritizations early on in the process. www.symcel.se AL

LUP TECHNOLOGIES creates a new information standard for truck freight by making all logistical places searchable via a LUP number. www.lupmobile.com INC

MODUEL is a form-protected and patent-pending modular extension cord and socket system that allow individuals to create a flexible, safe, lawful and smart solution for grid connection of electrical appliances. www.moduel.se INC

WORLDFAVOR develops a digital platform solution that helps companies move toward sustainable business practices, publicize their sustainability efforts and listen to its stakeholders. www.worldfavor.com INC

CORTUS ENERGY develops and commercializes new and cost-efficient technologies for the gasification of biomass under the brand WoodRoll®. The pro-cess results in a very high-quality synthesis. Listed on First North in 2013. www.cortus.se •AL

EXPEKTRA provides solutions for more efficient energy systems and brings real-time intelligence to new areas, from human decision-makers to automated Smart Grid applications. www.expektra.com AL

FLEXICLEAN, a new filter container for purifying storm water, improves and simplifies the examina-tion and maintenance of storm water drains and can be adjusted to suit purification needs in any setting. www.flexiclean.eu AL

HINATION offers portable energy from a combined light source and charger that runs on 100% solar power. HiNation’s solar cell lamp features bright light, efficient charging, and a robust, user-friendly design. www.hination.se AL

IGNITIA produces unique weather forecasts and climate data for the tropics, helping farmers to protect their crops and prepare for severe weather such as heavy rain fall. www.ignitia.se AL

MANTEX develops a technology and products that optimize raw-material consumption through accu-rate detection of the composition of biomaterial, enabling more efficient industrial processes. www.mantex.se •AL

MIDSUMMER develops new methods for manufac-turing thin film solar cells at radically reduced costs. www.midsummer.se •AL

MYFC develops high performance fuel cell chargers and low cost fuel cell components for portable electronics from cell phones to laptops, efficiently extending battery life away from the grid. Listed on First North in 2014. www.myfc.se •AL

NANOCONTROL has developed a patented and unique method for cleaning air. www.nanocontrol.se AL

OPTISTRING develops a novel inverter technology for grid connected photovoltaic installations, im- proving utilization of solar panels and profitability of system installations. www.optistring.com AL

PLAGAZI develops a new method for extracting biofuel from waste materials and provides the industry with more efficient energy recovery and creates hydrogen gas for fuel cell-based transpor-tation systems. www.plagazi.com AL

REHACT develops a unique system that provides a building with low tempered heating, cooling and ventilation, significantly reducing the need for external energy. www.rehact.com AL

SEEC solves heating and cooling needs of proper-ties. SEEC’s patented and unique energy system reduces energy consumption by up to 80%. www.seec.se •AL

SOLARUS manufactures the next generation cost-effective solar power technology for large-scale users. Its solar panel solutions generate either electricity, heat, or both (hybrid solar collector). www.solarus.se •AL

SOLELIA GREENTECH lends and sells solar-powered charging stations so that organizations can provide charging of electric and hybrid cars with clean, fossil-free solar electricity. www.soleliagreentech.com AL

SVENSKA AEROGEL develops and manufactures unique, environmentally friendly and significantly more cost-effective aerogel material than currently available, for a range of industrial applications. www.aerogel.se AL

WATTY develops the first energy data analytics tool that can automate the energy efficiency process in buildings. www.getwatty.com AL

BERRIES BY ASTRID develops a unique beverage vending machine for healthy drinks, for use in locations with lots of people such as malls and airports. www.berriesbyastrid.com AL

DIAMORPH develops advanced ceramic materials for tough industrial applications. www.diamorph.com AL

EXMET develops technology for additive manu-facturing (aka. 3D printing) of components of amorphous and nanocrystalline metal alloys. www.exmet.se AL

MERCENE LABS develops and sells products based on a smart polymer platform that combines the performance of engineering plastics with direct bonding to a multitude of materials. www.mercenelabs.com AL

OREXPLORE develops portable, easy-to-use equip-ment for analyzing the composition of non-organic materials, primarily minerals. www.orexplore.com AL

PCT-SYSTEMS develops, manufactures and sells equipment that quickly and efficiently clean all types of pipes and channels. www.pctsystems.com AL

SCINT-X develops and sells cutting-edge scintillator components that enable digital X-ray detection systems with unprecedented levels of resolution and contrast. www.scint-x.com •AL

SUSTAINABILITY

OTHER



AL = ALUMNI


THE STING COMPANIES

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The STING team – your sounding boardSTING has coached 180+ startups over more than 13 years, which has given us extensive experience in turning startups into international companies. Our business coaches are entrepreneurs themselves and have started and built many ventures. They also have experience from leading roles at technology companies, as well as from the venture capital industry. They are excellent teachers and have the ability to inspire and drive your startup’s development so that no competitor gets the chance to run faster than you. As a STING company, you can expect a strong commitment and close support from our whole team.

Top row from left: Peo Nilsson, Raoul Stubbe, Ivar Strömberg, Gisela Sitbon. Middle row: Agneta Jacobson, Linda Wellgrant, Pär Hedberg, Raman Ramalingam, Göran Svanberg, Karin Ruiz, Fredrik Rosengren. Front row: Olof Berglund, Magnus Rehn, Sara Mattsson, Jill Lindström.


PÄR HEDBERG CEO & Business Coach ICT

Has worked with developing com-pletely new technology companies since 1998. Has conducted “rescue missions” for companies in need and reconstructions, as well as building companies in other countries. STING’s founder.

OLOF BERGLUND Business Coach Health

Has during 20 years worked in the pharmaceutical and medtech indus-tries. Has worked with startups as well as major multinational corporations, and been involved in many product launches. Joined STING in 2008.

JILL LINDSTRÖM Director of Marketing and Communications

Previously worked in marketing at Georgetown University in Washington, DC, where she lived for many years. Has held various positions within communications, e.g. at KTH. Joined STING in 2011.

MARIA LJUNGBERG Manager STING Business Angels & STING Search for Talent

Various positions within communi-cations and network building in the private equity industry. Prior experience includes five years at Industri Kapital (today IK Investment Partners). Joined STING in 2008.

SARA MATTSSON Community and Brand Manager

Previously lived in Perth and Mel-bourne, Australia. Has a background in communications, PR and journalism from the fashion and music industry, as well as experience from retail and franchise. Joined STING in 2013.

PEO NILSSON Business Coach Internet/Media

Has worked in Internet/media for 18 years, starting and building companies. Latest startup: Booli.se. Broad experience in fundraising, from private investors and VC firms. Has also worked in the VC business, e.g. at CapMan. Joined STING in 2011.

RAMAN RAMALINGAM Tech Talent Officer

Has a core tech (software engineering) academic and practical background. Has experience in content marketing and white board animation video production. Also works as a recruiter at Diversity Group. Joined STING in 2014.

MAGNUS REHN Business Coach Sustainability

Former co-founder/CEO of TagMaster. Extensive experience as CEO, typically worked with international marketing and development. Joined STING in 2007.

FREDRIK ROSENGREN Business Coach Internet/Media

Founded Contur Software, an IT company within life science operating in Europe, USA and Asia. In 2011, the company was sold to Accelrys, now part of Dassault Systèmes. Currently active in a number of IT companies. Joined STING in 2014.

KARIN RUIZ Business Coach Sustainability & Health

Has worked in international biz dev, marketing and sales in both startups, multinational corporations and gov-ernment agencies for 20 years. Was CEO of startup Peepoople for 5+ years. Joined STING in 2015.

GISELA SITBON Business Coach Health

25 years’ experience as CEO and from leading roles within strategic planning, business development and pharmaceutical research in small and medium-sized companies within the life science sector. Joined STING in 2012.

RAOUL STUBBE Business Coach ICT

Started Proximion Fiber Optics in 1998 and as CEO, and later as CTO, participated in building a VC financed export company. Worked earlier at the research institute ACREO on tasks from Swedish industry. Holds a PhD in physics.Joined STING in 2005.

IVAR STRÖMBERG Business Coach ICT & Internet/Media

Background spanning from startups to co-founder and CEO of Tele1/Song Networks with over 1,000 employees in four countries. Has also worked for a private equity firm. Joined STING in 2010.

LINDA WELLGRANT Event and Office Manager

Lived in Sydney where she received her BBA specializing in Event Man-agement. Has worked as event and recruitment assistant, and project administrator. Organizes TEDx events in Stockholm. Joined STING in 2015.

STING is a non-profit organization owned by the Electrum Foundation. The foundation is backed by the City of Stockholm, Ericsson and the Royal Institute of Technology (KTH), as well as research institutes and industry and real estate owners in Kista. STING is both publicly and privately funded.

BOARD MEMBERS, ELECTRUM FOUNDATIONUlf Wahlberg, chairman (Ericsson)Karin Wanngård, vice chairman (City of Stockholm)Uno Fors (Stockholm University)Peter Gudmundson (KTH)Hans Hentzell (Swedish ICT) Anders Nylander (Nylander & Co)Johan Rittner (IBM)Torbjörn Rosdahl (Stockholm County Council)

CO-OPTED BOARD MEMBERSMagdalena Bosson (County Administrative Board)Pär Hedberg (STING)Jens Zander (KTH)Olle Zetterberg (Stockholm Business Region)

BOARD MEMBERS, STOCKHOLM INNOVATION & GROWTH ABOlle Zetterberg, chairman (Stockholm Business Region)Johan Ödmark (Electrum Foundation) Lisa Ericsson (KTH Innovation) Pär Hedberg (STING)

STING ADVISORY BOARDJohan Attby (Fishbrain)Erik Byrenius (Private investor)Kerstin Cooley (Moor)Giovanni Fili (Exeger)Jessica Nilsson (Northzone)Maria Rankka (Stockholm Chamber of Commerce)Henrik Torstensson (Lifesum)Caroline Walerud (Volumental)Johanna Wollert Melin (Trice Imaging)

PARTNERSTHE TEAM ORGANIZATION

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