The initiative has been launched in partnership with startup network Rainmaking and will provide $22,000 in grant funding to 10 businesses.

Sweden-based furniture company Ikea has launched an incubator program in conjunction with global startup network Rainmaking.

Ikea Bootcamp will offer a grant of €20,000 ($22,000) to 10 companies to develop their product. However, Ikea will not be taking equity in any of the startups.

Participants will also receive free housing in Sweden during the course of the program, which will run from September 18 to December 8 2017.

The startups must meet three objectives: affordability, accessibility and making a positive…