“Necessity is the Mother of Invention”: Success Story of a Newcomer
Muhannad Abdulhafiz is an ambitious dentist who created a successful startup in Sweden, basing on the rule: “Necessity is the mother of invention”. The Syrian-born dentist of Palestinian descent moved to Sweden more than two years ago and currently lives with his family in Helsingborg. He studied dentistry at Aleppo University in Syria and graduated […]
StartupLaps Kickstart Day in Helsingborg
As a joint initiative by THINK accelerate, THINK Open Space, Sopact, Venturelab and Nyföretagarcentrum, the kickstart of the StartupLaps Day will take place on Sept. 26, 2017 at Mindpark premises in Helsingborg. The StartupLaps is a meeting event for those who are willing to join an accelerator, i.e. one of the above mentioned organizations, which can […]
Rapid Growth for Inriver
Malmö-based digital marketer Inriver managed to secure a new funding at SEK 100M (ca. € 10M) from the European Fund for Strategic Investments (EFSI), established by the European Investment Bank (EIB), plus a partial funding from current owners, including Verdane Capital, Industrifonden and Zobito. The company develops software that helps online buyers and other firms […]
The student-driven VC-fund, Wave Ventures expands to Sweden
Wave Ventures, which was established in Finland, is managed by ambitious students. The company is supported by investors, including the Skype-founder Niklas Zennström. Now, Wave Ventures announced in a press release that they expand to Sweden. Young students from Aalto and Helsingfors Universities established Wave Ventures in Finland. Now, they want to expand to Sweden. The […]
H&M invests millions in a Malmö-based Company
The Malmö-based Service Company PinMeTo raised capital by SEK 5M (ca. €524000). Among the new investors, who contributed in this increase, are Mårten Öbrink, Anders Berglund and the fashion giant H&M . “For us, it is a quite important deal, not just because of the amount, but also because the competence of our company that […]
Microsoft invests in quantum mechanics at the University of Copenhagen
Microsoft is to invest an amount around three-digit millions to set up a research-based developing center within quantum mechanics at the University of Copenhagen. Both Microsoft and University’s researchers shall produce the first quantum computer in the world, which is supposed to be much faster than today’s computers, according to a press release issued […]
Two weeks left until National Venture Cup Final
Sep 21, a decision will be made in Lund about who shall take home the Venture Cup prestigious prize “Startup of the Year“. Only two weeks are remaining, and the suspense has hit its peak for fifteen startup-companies that were qualified to the finals. The decision shall be made by a well-known jury. The […]
Lumigon files bankruptcy petition
The Danish mobile manufacturer Lumigon, which manufactures exclusive smartphones, has submitted bankruptcy petition. Michael Moesgaard, a major financier and entrepreneur, told Itwatch that it requires a very big capital to continue operating the loss-suffering mobile manufacturer. “It is regrettable, but I am proud that I was a part of Lumigon. The petition of bankruptcy was […]