The EuroIncNet partnership between UIC and four other Europe-based incubators means Sweden-based spinouts could be doing business in Austria, the Netherlands, Belgium or Italy.
Uppsala Innovation Centre (UIC), a Sweden-based incubator backed by the tech transfer offices of two local universities, today partnered four of its foreign peers to support spinouts with international growth ambitions.
UIC is jointly owned by SLU Holding and Uppsala University Holding, the TTOs of Swedish University of Agricultural Sciences and Uppsala University respectively, as well as Uppsala’s municipal government and public-private partnership Foundation for Collaboration between the Universities in Uppsala, Business and the Public Sector.
All shareholders own a 25% stake in the incubator.
EuroIncNet allows Sweden-based spinouts with overseas expansion plans to tap the expertise of its incubator affiliates in Austria (iNits), Netherlands (Yes!Delft), Belgium (Imec) and Italy (i3P).
Each affiliate will assess whether the spinout’s business model is viable in their country before formulating a business plan for the international launch.
UIC expects to connect two or three companies to the scheme each year, while participants in the other incubators will be able to access similar resources from UIC should they want to launch in Sweden.
UIC placed fifth in incubator benchmark advisory firm UBI Global’s ranking of Europe’s incubator programs. Growth-stage participants in UIC generated turnover of €49.9m ($58.2m) during 2016.
Michael Camitz, head of UIC’s international relations, said: “With a position like this, it is only natural for us to get in touch with other high-ranking business incubator companies in our various partner countries.”
