20 February 2025

Krinova Designated as a National Excellence Incubator – Strengthening Swedish Food Innovation

Krinova Incubator & Science Park has once again been recognized by Vinnova and designated as one of Sweden’s excellence incubators for the period 2025–2029. As Sweden’s only incubator with a dedicated food profile, Krinova welcomes companies from across the country and plays a key role in developing the future food sector, spanning the entire value chain from soil to soil.

“This is a mark of quality and proof of Krinova’s ability to create value for businesses. The designation as a national excellence incubator demonstrates that Vinnova acknowledges our structured approach, our expertise, and our capacity to support innovative food companies with international growth potential,” says Ulrika Hasselgren, CEO of Krinova Incubator & Science Park.

The recognition allows Krinova to welcome more food companies into the incubator and further accelerate the growth and competitiveness of its companies. From a broader perspective, the funding also enhances the ability to contribute to new jobs and strengthen the competitiveness of Sweden’s food sector as a whole.

What does the designation mean?

Excellence incubators are part of Vinnova’s initiative to support established, high-quality incubators with clear processes, innovative offerings, and an active focus on sustainability and gender equality.

The designation also comes with funding from Vinnova, allowing Krinova to receive SEK 14.6 million over four years—provided that co-financing of SEK 24.8 million is secured.

“This represents a fivefold increase in the funding we received from Vinnova during the previous period, which we see as confirmation of the positive development of both the incubator and its companies. Increased funding gives us the opportunity to strengthen our support and the value we provide to companies,” says Massimiliano Pattara, Business Designer at Krinova Incubator.

Krinova’s incubator has supported several successful companies in the food sector. Some examples include Angry Camel, Nothing Fishy and Foodtel.