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Completed PROJECT GRANT Swedish Research Council

Sum - TINC 2021

650K kr SEK

Funder Vinnova
Recipient Organization Sum Network Ab
Country Sweden
Start Date Apr 19, 2021
End Date May 13, 2021
Duration 24 days
Number of Grantees 1
Roles Principal Investigator
Data Source Swedish Research Council
Grant ID 2021-02022_Vinnova
Grant Description

Purpose and goal:

The program has helped to validate the suitability of the company´s product, market needs and business model as well as the ability to scale globally, which was the purpose of the program. The company has also met the goals of the program by preparing for both global expansion and the opportunity to receive investment from the United States.

Expected results and effects:

During the program, the need and willingness to pay for the company´s product on the global market has been validated by a number of different experts and potential users. The communication of the company´s value proposition has also been simplified to make it easier to reach selected target groups.

Approach and implementation:

The program consisted of both joint sessions and individual coaching meetings as well as thematic workshops. The program was largely designed for each individual company to address the companies´ unique situation and challenges. Each interaction contributed to fulfilling the aim and objective and between the meetings the company was given tasks to complete.

The structure of the work was largely based on a Playbook that was produced in advance and where much of the work was documented. At the end of the program, an external panel of investors provided general feedback on the company.

All Grantees

Sum Network Ab

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