Arctic Business

What they do

Arctic Business is the dominant startup engine for Northern Sweden (Norrbotten and Västerbotten regions), an area currently undergoing massive industrial transformation ("The Green Transition"). Unlike a traditional VC firm, Arctic Business operates as a non-profit/government-backed incubator that facilitates funding rather than investing from a large GP/LP fund. They manage ESA BIC Sweden (the European Space Agency's business incubation centre in Sweden), making them a critical player in the European space tech ecosystem. To bridge the funding gap for early-stage companies, they operate Arctic Ventures, a structured angel investment network that pools capital from private angels and state-owned Saminvest to deploy pre-seed checks into incubator companies.

What they look for

Arctic Business focuses on "extraordinary ideas" emerging from or relevant to Northern Sweden. Their strategy is deeply tied to the region's industrial strengths: Space, Mining, Green Energy, and Sustainability. They aim to build export-ready companies that can solve global challenges using the unique resources and infrastructure of the Arctic region.

Stage

Pre-seed, Seed

Sectors

Deeptech, Climate, SaaS, AI, Healthcare

Based

Luleå, SE