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Programs

Accelerate

Accelerate

Application due: May 17, 2024

Take your startup from MVP to pre-seed readiness in just four months. Application due: Mid May 2024

Accelerator
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Incubate

Incubate

Application due: May 17, 2024

Sting Incubate is (up to) an 18-month program that will get you from prototype to launch and prepare you for the next steps on your startup journey.

Incubator
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The benefits of joining Sting

One size doesn't fit all.

Our coaches’ personalized approach and high commitment level is what makes the Sting experience competely unique.

We open more doors than any other.

Sting has been scaling startups for over 20 years and laid the foundations for Sweden’s startup ecosystem. We dare to say that our network is bigger and better than any other.

Sting for life.

We’re in it for the long haul, and so are you. Our alumni continue to support each other long after they graduate, and you can always reach out to us if you need help anytime in the future.

An unparalleled track record.

The success rate of Sting companies is xxxx, and investors know it. The Sting stamp of approval has a tangible, real-world impact on your business.

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

We love all startups, but put extra bets on a few areas

Sting brings together Sweden’s most experienced coaches, successful entrepreneurs and dedicated investors within the climate and energy sectors.

Are you ready to start making some serious impact? We actively look for startups with innovations in areas such as:

  • ClimateTech
  • Sustainable Energy
  • Food and Agriculture
  • New Materials
  • Circular Solutions and Bioeconomy

With the ever so present health issues we face today, it truly sheds light on the urgent need for innovative health tech solutions. Sting brings together some of Sweden’s most experienced coaches, successful entrepreneurs and dedicated investors within the HealthTech sector.

Are you a startup with ground-breaking DeepTech technology?

As a DeepTech entrepreneur, with your longer sales and development cycles, you may need a little more time to develop your technology and find the right product-market fit. Sourcing lab equipment, capital, and the right co-founders often take time away from what you do best – making sure that the world gets access to your groundbreaking innovation. That’s why Sting Incubate DeepTech is a 24 months long program, especially targeted towards high-tech Startups.

We love all startups, but put extra bets on a few areas

Where visionary entrepreneurs tackle the most pressing challenges of climate change head-on. Get access to a robust network of experts and coaching. We empower climate-focused startups to drive innovation and create sustainable solutions for a greener future.

Sting brings together Sweden’s most experienced coaches, successful entrepreneurs and dedicated investors within the climate and energy sectors.

  • ClimateTech
  • Sustainable Energy
  • Food and Agriculture
  • New Materials
  • Circular Solutions and Bioeconomy

With the ever so present health issues we face today, it truly sheds light on the urgent need for innovative health tech solutions. Sting brings together some of Sweden’s most experienced coaches, successful entrepreneurs and dedicated investors within the HealthTech sector.

We support forward-thinking entrepreneurs to revolutionize the healthcare landscape. With a dedicated focus on cutting-edge technologies and impactful solutions, Sting provides unparalleled support to drive the growth and success of HealthTech startups.

Society is about supporting startups that reshape how we live, lead, and interact. Get access to coaches, experts and a network that supports your growth. We help startups committed to improving our communities and societies.

We support founders dedicated to creating societal and profitable impact through innovation in areas which include:

  • Fintech and Regtech
  • Proptech and Security
  • Blockchain, web3 and AI
  • Edtech & Creator Economy

With a steadfast commitment to DeepTech, Sting acknowledges its transformative potential that often demands a longer path to success. As a trusted long-term partner, we offer DeepTech startups unwavering support, fully recognizing the time-intensive nature of their breakthrough innovations.

Through our dedicated resources, extensive network, and patient approach, we empower these visionary ventures to navigate complexities, overcome hurdles, and ultimately realize their profound, industry-shaping impact.

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.

Can't find what you're looking for?

Get Sting Ready

Not ready to apply for our programs yet? No problem. Turning an idea into a viable business concept can be daunting, so here are some valuable startup resources to add fuel to your fire and get you a few steps closer to joining the Sting community.

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Focus Areas

We are looking for big ideas with potential to solve real problems. In return, you’ll get access to a lifelong community that delivers more value and opens more doors than any other.

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Investors

Accelerate your investments with Sting

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Companies

Sting companies, radically changing the world as we speak.

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