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Accelerate ClimateTech

It’s back! Sting’s thematic accelerator program, putting the spotlight on the most pressing issue plaguing our planet – Climate Change.

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Sting Accelerate

Join Sting Accelerate and take your startup from MVP to pre-seed readiness in just four months.

Trusted by 400+ thriving startups
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<p class="display-6">We seek Swedish companies combining a radical and scalable business idea with tackling one of the grand climate challenges. And great teams that are poised for rapid growth and making a significant contribution to the green transition. Expect a high-paced program with 2-week sprints and a lot of opportunities for peer-to-peer exchange and learning. You individual Sting coaches have long entrepreneurial experience and will challenge you to aim higher and reach further.<p>

At Sting Accelerate Climate Action, you'll:

  • Secure a 500k SEK investment from Propel Capital and get introduced to Sweden’s largest network of ClimateTech investors.
  • Work through structured sprints and milestone plans, with weekly coaching to keep you accountable and motivated.
  • Get a seat at Sting's coworking space in A house and Monthly peer-to-peer meetups with fellow ClimateTech founders and industry experts.
  • Attend weekly workshops, meetups, peer-to-peer events, and masterclasses to build your skills and knowledge in legal, financing, team & talent, marketing, growth, and product development.
  • Tailored customer matchmaking for ClimateTech startups through Ignite Sweden.
  • Climate impact assessment through our partner IVL Swedish Environmental Research Institute. 
  • Participate in Demo Day, our graduation event where you'll showcase your startup in front of a room full of investors, followed by a celebratory party to mark your achievements. 
  • Join a lifelong community of fellow founders and industry experts, and get ongoing support, resources, and networking opportunities.

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Hard Facts:

Length

4 months (Feb-Jun and Sep-Jan)

Next program start

Septmeber 4, 2023

Next application deadline

August 7, 2023

Admission

2 batches per year, 8 startups per batch

Investment

Seed Investment of SEK 500 000 convertible note (in addition to Sting’s 2% warrant).

Requirements

  • Launched MVP and can show traction
  • A founding team of minimum two people
  • Product or solution based on a scalable innovation and solving a big important problem
  • Ambition to build an international growth company
  • Incorporated Swedish AB, team presence in Stockholm during program

Next up

Length

4 months (Feb-Jun and Sep-Jan)

<p class="display-6">We seek Swedish companies combining a radical and scalable business idea with tackling one of the grand climate challenges. And great teams that are poised for rapid growth and making a significant contribution to the green transition. Expect a high-paced program with 2-week sprints and a lot of opportunities for peer-to-peer exchange and learning. You individual Sting coaches have long entrepreneurial experience and will challenge you to aim higher and reach further.<p>

At Sting Accelerate Climate Action, you'll:

  • Secure a 500k SEK investment from Propel Capital and get introduced to Sweden’s largest network of ClimateTech investors.
  • Work through structured sprints and milestone plans, with weekly coaching to keep you accountable and motivated.
  • Get a seat at Sting's coworking space in A house and Monthly peer-to-peer meetups with fellow ClimateTech founders and industry experts.
  • Attend weekly workshops, meetups, peer-to-peer events, and masterclasses to build your skills and knowledge in legal, financing, team & talent, marketing, growth, and product development.
  • Tailored customer matchmaking for ClimateTech startups through Ignite Sweden.
  • Climate impact assessment through our partner IVL Swedish Environmental Research Institute. 
  • Participate in Demo Day, our graduation event where you'll showcase your startup in front of a room full of investors, followed by a celebratory party to mark your achievements. 
  • Join a lifelong community of fellow founders and industry experts, and get ongoing support, resources, and networking opportunities.

Hard facts

Hard Facts:

Length

4 months (Feb-Jun and Sep-Jan)

Next program start

Septmeber 4, 2023

Next application deadline

August 7, 2023

Admission

2 batches per year, 8 startups per batch

Investment

Seed Investment of SEK 500 000 convertible note (in addition to Sting’s 2% warrant).

Requirements

  • Launched MVP and can show traction
  • A founding team of minimum two people
  • Product or solution based on a scalable innovation and solving a big important problem
  • Ambition to build an international growth company
  • Incorporated Swedish AB, team presence in Stockholm during program

Next up

Length

4 months (Feb-Jun and Sep-Jan)

Words from our founders

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Pär Hedberg
CEO & Co-founder
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Pär Hedberg
CEO & Co-founder
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Pär Hedberg
CEO & Co-founder

Joining Accelerate ClimateTech offers startups a range of valuable benefits

Propel Capital Investment

Secure a 500K SEK investment from Propel Capital.

Financing

Sting provides startups with access to experienced professionals to help create optimal fundraising conditions.

Office space

You get free office space at Sting’s office in A house for up to 6 months while you are in the Sting program.

Business Development

You get a dedicated and experienced Sting coach who works closely with you and your team, several hours per week, and both challenges and supports you on all critical business activities.

Industry mentors & external experts

Not only do you get weekly coaching from your Sting coach, but also from external mentors and expert coaches, hired by Sting, who are true wizzes in their fields.

Marketing, PR & communications

Sting provides startups with access to experienced professionals to help create optimal fundraising conditions.

Partners & Perks

We’ve negotiated a range of special offers worth over SEK 1 million that you can access after joining Sting.

Recruitment & team development

After working with more than 400 startups, we have learned how to recruit and develop a successful team. You get access to two coaches to help you succeed in this area.

Network & community

You gain access to the most developed investor network in Europe as well as a large network of business contacts, both Swedish and international, which Sting has built since 2002.

Propel Capital Investment

Secure a 500K SEK investment from Propel Capital.

Financing

Sting provides startups with access to experienced professionals to help create optimal fundraising conditions.

Office space

You get free office space at Sting’s office in A house for up to 6 months while you are in the Sting program.

Business Development

You get a dedicated and experienced Sting coach who works closely with you and your team, several hours per week, and both challenges and supports you on all critical business activities.

Industry mentors & external experts

Not only do you get weekly coaching from your Sting coach, but also from external mentors and expert coaches, hired by Sting, who are true wizzes in their fields.

Marketing, PR & communications

Sting provides startups with access to experienced professionals to help create optimal fundraising conditions.

Partners & Perks

We’ve negotiated a range of special offers worth over SEK 1 million that you can access after joining Sting.

Recruitment & team development

After working with more than 300 startups, we have learned how to recruit and develop a successful team. You get access to two coaches to help you succeed in this area.

Network & community

You gain access to the most developed investor network in Europe as well as a large network of business contacts, both Swedish and international, which Sting has built since 2002.

Ready to scale your startup? Apply today.

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FAQ

Have any questions?

Browse through the FAQs to gain insights and clarity on various topics related to our organization.

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Startup Programs

Do I pay for Sting’s services?

We have a “success fee” model in the form of stock warrants to Sting. As a non-profit, we’re an independent, founder-centric organization who always wants what’s best for your startup. If you succeed, these stock warrants eventually convert into a small number of shares.

Propel Capital

Are there other benefits to having Propel Capital as a financier, in addition to the investment itself?

Yes! The co-owners of Propel Capital are business angels actively looking for investment opportunities in exciting and promising startups. As a portfolio company to Propel Capital, you are exposed to a large number of potential investors.

Propel Capital

How much ownership does Propel Capital take? 

Propel Capital invests via a convertible note that converts to ownership only when the company has raised at least SEK 1 million or more from external investors. This way, we avoid setting a valuation of the company too early.

Propel Capital

What are the terms of the Propel Capital convertible?

For full terms and conditions, please contact emanuel.andersson@sting.co. Read more for an overall summary of the terms:

Propel Capital

How is the number of shares that Propel Capital receives after conversion calculated?

The loan is calculated with interest at the date of the conversion/price per share in the round * 0.7.

Propel Capital

Does Propel Capital invest in its portfolio companies?

No, usually Propel Capital does not have the opportunity to participate in new issues in the portfolio companies. However, Propel Capital’s CEO, Emanuel Andersson, is actively working to support the portfolio companies in their financing rounds in other ways, including by making intros to potential investors.

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