Innovative climate solutions take center stage as 19 tech startups join Sting
Climate-smart solutions for sustainable forestry, pioneering plant-based cheese, and software that assists energy companies in boosting profits while reducing risks in renewable energy trading. These are just a few of the 19 innovative solutions featured in this fall's Sting startup programs: Accelerate, Incubate, Incubate DeepTech, and Accelerate ClimateTech.
Launching this fall, Accelerate ClimateTech is the latest addition to Sting's lineup. This initiative is a cornerstone of Sting's new Climate Action commitment, where the organization has committed to accelerate the growth of a hundred Swedish climate startups over the next four years. This will further solidify Sting's position as the leading incubator in the Nordic region within the climate sector.
— In a time when our planet is facing severe challenges, it's inspiring to see these tech startups craft the climate solutions of tomorrow. We’re the leading accelerator in the Nordic region with the highest number of ClimateTech startups under our wing, and we eagerly anticipate supporting and guiding even more climate-focused companies on their journey from vision to reality, says Karin Ruiz, Sting's ClimateTech Lead.
Throughout this fall, the selected companies joining Sting will have access to coaching, workshops, investor meetings, and support in various domains – including financing and recruitment. Furthermore, they’ll become a part of Sting's vibrant community (consisting of hundreds of alumni, peers, mentors, investors, and industry contacts). In addition, all those admitted to Sting's Accelerate program will be offered an investment of 500 000 SEK from Propel Capital.
From sustainable forestry to innovative energy management
One of the new companies that have been accepted into Sting's Accelerate ClimateTech this fall is Nabla Analytics. They have developed an optimization solution that aids energy trading firms in minimizing risk and enhancing profits in their renewable energy transactions.
– Energy markets are becoming more volatile and less predictable. This makes it particularly difficult to effectively trade variable resources like wind and solar. To alleviate this problem, we have developed our Asset Optimisation solution which helps traders of renewable energy to reduce their risk and stimulate further investment in renewables. We are thrilled to become a part of Sting and gain access to their world-class expertise and extensive network. With their help we want to further refine and scale our offering across several European countries while retaining our focus on impact-driven solutions, says Warren O'Neill from Nabla Analytics.
Another exciting company this fall is Hyggligt, which assists forest owners in adopting a clear-cutting-free approach to forestry.
– One should not have to choose between economic profitability and sustainable forestry. With the assistance of image analysis and our optimization model, we help forest owners transition to clear-cut-free forestry while simultaneously increasing income from timber harvesting. With expertise, networks, and resources from Sting Accelerate ClimateTech, we will lead the forest industry's transition towards sustainable forestry, says Edith Heppich, CEO and co-founder of Hyggligt.
Here are the 19 selected Sting companies for this fall
Sting Accelerate ClimateTech:
Hyggligt
Hyggligt revolutionizes forestry through cutting-edge continuous cover techniques. We help forest owners maximize carbon reduction, biodiversity and economical return through our optimization solution for continuous cover forestry.
Nabla Analytics
Our software products help energy trading companies to increase the profit and reduce the risk of their renewable energy trading. Each day, 1GW capacity of wind and batteries are traded using our products and this results in a reduction of 10-20% in operational costs for our customers.
https://www.nabla-analytics.com/
Nobon
Nobon is a Stockholm based climate fintech company that is solving funding challenges for climate projects in developing markets.
Olik
We're passionate about making delicious and ethical food that everyone can enjoy. We want to create a cheese that not only satisfies your cravings, but also aligns with your values. A cheese that is better for the planet, for the animals and for you.
Panter
When you buy your food or beverage, you can borrow a reusable Panter container or mug free of charge. When you’re done using it, you can return it to any of the many Panter affiliated restaurants and cafés. Panter’s reusable containers and mugs contributes to less littering and a smaller carbon footprint from takeaway foods and drinks.
Sting Incubate DeepTech:
Cestore
Our solution is an underwater system that removes carbon dioxide from sea water to enable the ocean to take up more from the air. In a two-step process the system captures carbon dioxide and convert it to ocean's natural chemistry. The solution has a direct impact on the climate crisis, by removing carbon dioxide permanently from the atmosphere.
Dappler Labs
Dappler Labs develops new technologies for nanoscale metrology in semiconductor manufacturing. Our products will empower fabs and equipment manufacturers to accelerate development of next generation tools and processes. Dappler Labs started at the Royal Institute of Technology with support from KTH Innovation.
Eontra
EONTRA is a Swedish deep-tech startup pioneering innovative heat engine technologies to transform the global energy landscape. With a focus on scalability and geo-independence, the company aims to democratize energy access, reduce inequality, and promote environmental sustainability. Leveraging AI tools and other exponential technologies, EONTRA is poised for impactful contributions to renewable energy.
HyEnGen
We develop electrodes and electrochemical cells which can allow for cost-efficent and sustainable production of green hydrogen.
Kitocoat
KITOCOAT produces a sustainable coating for fruits and vegetables that increases their shelf life by 3-7 times, while reducing food waste, the need for refrigeration, and plastic packaging. The coating is antimicrobial and acts as a barrier gases going in and out. Our mission is to establish KITOCOAT as a standard operating procedure in the fruit and vegetable industry, serving as a comprehensive extension of shelf life from production to end customers. KITOCOAT started at the Royal Institute of Technology with support from KTH Innovation.
PandionAI
PandionAI secure the need for time-critical intelligence with AI-based analysis from AlertSat satellite constellation, to deliver change detection in real-time. We believe in moving the control to the end user and our goal is to reduce the gap between space and end users, by launching Alertsat Portal, a new service for new users of space assets.
Sting Incubate:
Baryon
Baryon is here to digitalize the health care industry. Baryon was founded by four professionals that have more than 25 years of accumulated experience through IT and healthcare. With the headquarters in Stockholm, Sweden. The four founders have different expertise, expertise that became unique assets for the progress and evolvement of the company. Step by step, through careful market analysing and understanding the needs of the healthcare system in both Sweden and Scandinavia, we have been able to spot the deficits and the needs of the health care system. We work with partnership! We achieved our success because of how successfully we support and integrate with our clients. One complaint many people have about partnership is that they can be disruptive. Our clients face no such issues.
Parsd
Parsd empowers analysts with innovative tools to efficiently process vast unstructured data, ensuring quality insights and a trust-enhancing audit trail. Our platform, designed by analysts for analysts, combines AI and community-driven structures, transforming insights into compelling stories. Parsd is revolutionizing analysis for diverse professionals, from journalists to researchers.
VistaFeet
In Sweden, more than ten toes, feet or legs are amputated daily because of diabetes-related wounds. VistaFeet enables individuals to increase their knowledge and take control of their foot health, thus reducing anxiety and instead enabling an active life. VistaFeet promotes a proactive approach to avoiding the occurrence of foot injuries.
Sting Accelerate:
Coly
Coly is a cutting-edge platform designed to elevate the communal living experience, whether in student housing or coliving spaces. We offer innovative solutions that foster stronger communities, reduce conflicts, and enhance the overall quality of life for residents. Our unique psychometric profiles provide valuable insights for more effective roommate matches and tenant allocations, ensuring harmonious living environments. With Coly, you can expect an immediate improvement in tenant satisfaction, reduced turnover, and a vibrant, connected community that thrives.
Diplocs
Diplocs empowers retailers with data and insights to enable the perfect instore consumer experience for a future generation of shoppers.
Qudak
Qudak provides an open, secure, and user-friendly production tool. It brings work instructions, task management, and analysis close to operators and technicians. The vision for Qudak stems from experiencing the lack of quality and routines in various industries. Qudak addresses these issues by offering a simple way to digitalize, standardize, and streamline work processes and information flows. Qudak started at the Royal Institute of Technology with support from KTH Innovation.
Racqy
Racqy is a social sports-booking platform where you can find new friends & activities in your local area, and make bookings at your favorite venues.
Timber Exchange
Timber Exchange is a modern and digital trade partner enabling global trade. Helping industrial players with high-volume cargo flows to track markets, improve compliance and automate key processes.
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