Krinova Drives Growth – 570 New Jobs and Continued National Trust 

Krinova’s mission is not to generate profit but to create competitiveness and sustainable growth for the companies it supports. In 2023*, a total of 570 new jobs were created within the 350 companies that received support from Krinova. Growth, measured in revenue, has increased by 57% over the past five years. 

At the annual general meeting on March 6, Krinova AB’s result and balance sheet for 2024 were approved. Revenue amounted to SEK 25.5 million, in line with the previous year. During 2024, 76 new companies turned to Krinova for innovation and development support. 

In 2024, Krinova has strengthened its position, particularly in the food sector. As a key partner in a national project funded by the Swedish Agency for Economic and Regional Growth (Tillväxtverket), Krinova is working on developing a model that makes the innovation system more accessible and optimized for food companies. Regardless of where a company is located in Sweden, it should have access to the best expertise, the most powerful tools, and the most advanced production capabilities. 

Krinova has also continued to receive trust from Vinnova and has once again been designated as one of Sweden’s excellence incubators for the period 2025–2029. As the country’s only incubator with a dedicated food profile, Krinova welcomes companies from across Sweden and plays a key role in shaping the future of the food sector – from soil to soil. 

“Seeing tangible results from our work – in the form of new jobs, increased revenue, and strengthened innovation capacity in companies – is proof that we are making a difference. With continued national trust from both Vinnova and Tillväxtverket, we are ready to take the next step in driving growth and competitiveness for Swedish companies,” says Ulrika Hasselgren, CEO of Krinova Incubator & Science Park. 

*The job creation figure is based on the official annual reports of the companies supported by Krinova. As a result, the “Created Jobs” figure in Krinova’s reporting reflects data from the previous year. 

Read more here: Krinovas årsredovisning 2024 (in swedish)