Every year, Encubator produces a new progress report about how the past year has progressed. The Progress Report consists of an update on Encubator's current projects as well as past and current companies. The Progress Report also shows Encubator's annual statistics including value, turnover and the number of companies.
Encubator's Progress Report is proof of how the unique combination of advanced entrepreneurship education and real venture creation can turn ideas into reality.
Creating a successful venture is not a one man’s job, it’s a team effort. The focus on building strong teams around each business idea is one of Encubator’s absolute top priorities. Entrepreneurial ambition is combined with senior experience and technology expertise in a supportive environment with all the right tools to get the job done. During 2011 Encubator co-founded three new companies and initiated 11 new innovation projects together with our dedicated partners.
TOGETHER WE REALISE IDEAS!
- The Encubator Team
"It is my great honor to welcome you to our Encubation Update 2010 (Progress Report 2010). Another year has passed, during which Encubator founded five new companies and initiated ten new innovation projects. All in all, during 2010, operations comprised 24 potential ventures involving almost 100 people in total."
Once again the concept of encubation proves itself as an effective way of initiating innovation and commercialization. The key involves matching good ideas with ambitious entrepreneurial talents and providing them with the right resources and tools.
Morgan Skarin
CEO of Encubator and Encubator Holding
Highlights
- Progress Report 2009 shows Encubator's best year yet with 35 companies within seven different areas of technology.
- Encubator explains how and why it has changed it's name.
- Letters from all of our CEOs.
- Oxeon's products has had a breakthrough within Formula 1 cars and sports applications.
- Minesto has found proof of electricity production from their product, Deep Green.
- Denator has signed distribution agreements with leading distributors of scientific and laboratory equipment.
- Aidera has started operations in the USA by establishing the subsidiary Aidera Inc.
- Pharmasurgics completed the phase I clinical study and has been granted permission to start the phase II clinical proof of concept study.
Highlights
- Oiido was acquired by 3M in March 2009 for 10,5 MSEK.
- Oxeon´s material TeXtreme is now used in e.g., Nike Bauer´s hockey sticks and in Formula-1 cars. The company secured industrial-scale production and closed its first license agreement for its unique technique. The turnover grew 350% and Oxeon is now “in the black”.
- Midorion launched its first instrument Midorion Z1 and attracted two important benchmark customers.
- Pharmasurgics raised 17 MSEK in financing from Karolinska Development, Östersjöstiftlesen and Midroc New Technology in May 2008. In March 2009 the company launched a clinical program for the novel candidate drug, PXL01, indicated for post-surgical adhesion prevention.
- Aidera recieved FDA-approval for its Diasend technology/device in the beginning of 2009.
- ICU Intelligence formed a partnership with bwin – a large online gaming company. The aim is to develop a system that prevents systematic cheating, e.g. poker bots.
- Lumina Adhesives attracted 3,6 MSEK in venture financing in February 2009 from ABSF, AB Chalmersinvest, Innovationsbron and M.A.H Investment.
- Ecoera shifted its business focus to biochar carbon sequestration and was appointed as one of Globe Forum’s 100 Sustainable Innovators in a global scanning.
- Eilogistik reached a turnover of 10 MSEK and started generating a net profit. Its spin out - Portomus, launched its postage optimization service at the end of the year.
- Arterion finalized its first 13-month long animal study with promising results. The company was listed as top 33 of Sweden´s hottest technical companies by Affärsvärlden and NyTeknik. In april 2009, Arterion closed its first round of financing, raising over 2MSEK in total.
- Vasasensor started a customer installation at Stora Enso Nymölla mill and secured a large grant from Vinnova. The company´s patent was approved in the US, and the company will now raise financing for its market introduction.
- Minesto raised 3,5 MSEK in a round where Verdane Capital was one of the investors. The company has achieved far-reaching discussions with industrial partners.
Highlights
- Total value of all companies arising from the incubator is all time-high at 66 MEUR.
- The total turnover of the portfolio companies now exceeds 14 MEUR.
- The companies employ 220 persons and have been granted 66 patents.
- Arterion researchers receives 1 MEUR from Stiftelsen Strategisk Forskning
- 5.8 MEUR in total venture capital investments.
- Project Capeco receives 210 000 EUR in VINN Verifiering (an early stage financing from VINNOVA).
- Over 90% of the projects from the pre-incubator continue in the innovation system after the educational project year – an all time high!
- Minesto placed second in both Venture Cup Väst 06/07 and Venture Cup Sweden 06/07.
- Ecoera and Parans were among the 12 companies selected to World Wildlife Federation’s list of “Companies for climate change”.
- CSE Holding and CSE Incubation attract new grants from EU and Elof Hanssons foundation as well as sponsoring from InnovationsKapital.
Highlights
- Total portfolio value is at all-time high, 56 MEUR.
- Total turnover of all portfolio companies exceeds 14 MEUR.
- Denator gets 0.6 MEUR in investments 2 months after leaving the pre-incubator.
- 5 MEUR in total venture capital investments, among others Oxeon (0.9 MEUR) and Vasasensor (0.6 MEUR).
- Exit in Vehco which was the last portfolio company from the profitable year of 2001.
- The first year of running GIBBS turned out with continuation of all four projects.
- GIBBS appeared in Nature Biotechnology Magazine.
- Awardwinning companies in Venture Cup, Denator (1st place) and Arterion (3rd place).
Highlights
- Awardwinning companies in Venture Cup, Lamera (1st place), Northern Lighting Systems (StormLED) (2nd)
- New venture capital to Lamera, Midorion, Vasasensor, Oxeon, Oiido, Tendera and Parans
- Hans E Olssons donates 20 MSEK to the creation of the Hans E Olssons Foundation providing annual grants to CSE
- Establishment of CSE Lidköping Branch at Center for Innovation and Entrepreneurship at Lidköping - CIEL
- CSE extends recruitment scope and establishes project collaborations with researchers at Karolinska Institutet and at Uppsala University
- Vasasensor is announced "Springboard Company of the Year" by Connect Väst. Vasasensor is also voted "The most interesting start-up company for venture capital" by the audience at the event
- Start of Göteborg International Bioscience Business School
- Vehco receives a 75 000 SEK award from His Majesty Carl XVI Gustaf's 50th Anniversary Foundation
- Northern Lighting Systems (StormLED) was awarded the first price in the Swedish Environmental Innovation of the Year 2004 contest for contribution to sustainable uses of natural resources
