It all starts with one idea
Are you about to start your company or just did? You can apply to join the Arctic Business Incubator. If approved, you receive initial investment from Arctic Ventures and we will mentor you individually for up to two years and provide you with everything you need — business development, customer reach out, connections to venture capitalists and investors, building your team and the development of your own skills.
Interested? Find our here how and when you can join!
Arctic Business Incubator
In the Arctic Business Incubator we will work with you to grow your business into a successful, innovative and exporting company.
You and your company are welcome to apply and dates can be found below.
Through the Arctic Business Incubator you and your team will get personal advice from our experienced business advisors during up to two years time. Based on your needs we help you with:
You will get an investment from an angel investor company, Arctic Ventures, that is managed by us (400 000 SEK).
Support and help with planning and attracting further fundings from VC, bank, other loans or contribution.
Price and business model, negotiation and market analysis, we help with everything.
Team and network
Together we will build a strong and effective team around you, both personnel, managers and board members. We work hard with you to strengthen your team.
We will help you understand how you can protect your idea and how to conduct yourself with regards to laws and regulations, as well as any patents and licenses.
If they can’t find you, you don’t exist. Together we create effective marketing in various channels.
Office and equipment
We have a number of cost-effective offices in the locations where we operate, with access to 3D-printers, maker-space, modern environments with good meeting places etc. You don’t have to move to our office, but you’re always welcome to use our space when you feel the need. We can work with you wherever you are.
Who’s admitted to our Incubator?
We evaluate all applicants and businesses according to following parameters:
* Knowledge and innovation – New and innovative idea, can be new technology, a new business model or something else.
* Business model – Clear export potential, direct or in the near future. Will turn over > 10 MSEK within a few years.
* Funding – Have a plan and do we see you have the ability to attract the funding needed.
* Team – At least two people, dedicated to the business and with the right competences to take the business to the next level.
* IPR – Clarified IPR situation, freedom to act and perhaps even protect.
* Business – Limited company (sv. aktiebolag) based in Skellefteå or further north (maximum five years old or that you start this directly upon admission). Goal to be an independent company.
* Sustainability – We want you to contribute positively to the sustainable development goals (Agenda 2030) in how you operate your company or from your products or services.
* Presentation of idea – Ability to present you and your idea in a good way.
* References – From previous co-workers or managers.
We, like you, are a small hardworking team with limited resources which means that we can’t accept all ideas and teams that we would like to. Our overall assessment is therefor based on who have the best potential according to the parameters described above.
Investment from Arctic Ventures!
All who are admitted and starting our incubator will receive an investment from a business angel company called Arctic Ventures Två AB in the form of a convertible loan of 400,000 SEK. When you apply and get accepted, you will be qualified to receive this funding.
During the first year you will get to meet the angels at a number of times, all of them experienced entrepreneurs, with a lot of knowledge to share. Find out more about Arctic Ventures here.
If you have any questions about the technicalities and what a convertible loan is, just let us know and we will gladly explain the details.
How do I apply?
First we would like to receive some things from you:
(i) A short and straightforward business plan, (ii) a presentation, (iii) a financial plan or budget (where you present in detail what the 400 000 SEK investment from Arctic Ventures will be used for) and last (iv) one to two personal references. The material can be in either Swedish or English.
Once we have received your application, we look it through and will meet those with matching criteria. You’ll then get the chance to present your idea and we will ask you a number of questions. After this step we will decide who will get admitted to the Incubator.
November 29, 2400h CET – Application & send in your material deadline.
December 7-8 – Presentations by selected teams for admission.
January TBA – Onboarding meeting with admitted businesses.
May 30, 2400h CET – Application & send in your material deadline
June 14-15 – Presentations by selected teams for admission.
November 14, 2400 CET – Application & send in your material deadline
December 6-7 – Presentations by selected teams for admission.
What does it cost and how does it work?
Arctic Business Incubator have a fee in the form of an annual royalty of SEK 75,000. When you leave the incubator, after i.e. two years, you will have SEK 150,000 (2x SEK 75,000) in royalties. You will have five years to pay back. If you are not able to pay back within five years, it is written off.
This and information about our facilities, confidentiality against other companies etc. is governed by the membership agreement we sign between Arctic Business Incubator and your company.
Here’s what you get
We support you every step of the way. From validating your idea to providing strategic insight, funding your business, creating your leading team and offering full access to our global network.
Start your company at one of the Science Parks in Luleå, Piteå or Skellefteå and get access to competence and partners.
Our team of business leaders, industry experts and advisors help you launch your idea and turn it into a profitable business.
Upon joining our incubator program, you’ll receive immediate funding from our angel investment company Arctic Ventures and our support to attract more funding.
Build your high-performing team through our extensive network, hire staff and recruit the most impactful board members.
A consistent track-record of building successful companies since 2005.
With over 150 startups, from smart grid to cutting edge space technology, we’re proud to have solved global challenges alongside the world’s most inspiring entrepreneurs.
We’ve employed over 350 highly skilled professionals both within our existing business hub and across various industries and geographies.
We’ve taken a thousand ideas and turned them into profitable businesses. The current value of these companies combined exceeds 2 billion SEK.
Arctic Space Technologies
“Arctic Business provided us with the toolbox needed to be able to create a team, a business model and a strategy to reach the complex space market. Without their support, we would not be where we are today.”
Moses Browne Mwakyanjala
Remos Space Systems
“Arctic Business massively help us to align our business with Swedish regulations, expand our team, meet investors and successfully progress our business to achieve the company vision.”
“Arctic Business supported us through the whole process. Employing is a big thing when you’re just starting out, and we are happy and thankful to know that we grew with the right people.”