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Invest Stockholm teams up with Norrsken Foundation to create the best place in the world for impact entrepreneurs and investors

Press release   •   Jan 28, 2019 06:45 UTC

Norrsken House

Invest Stockholm is partnering with Norrsken Foundation to support entrepreneurs and innovators who are solving society’s biggest challenges. The world’s leading climate scientists have warned we have only 12 years to limit the negative impact of climate change and prevent poverty for hundreds of millions of people. To that aim, the City of Stockholm has intensified its focus on sustainable solutions and climate-smart technologies.

For the past ten years, Stockholm has become known as the unicorn factory, producing more billion-dollar companies per capita than any other place in the world after Silicon Valley. Thanks to the entrepreneurial spirit that characterizes the city, Stockholm is primed to take stronger action to fight climate change and find solutions to the world’s most pressing issues.

“Stockholm aims at becoming an impact unicorn factory, creating the innovations that contribute to the environment or society in a positive way. This goal we share with Norrsken Foundation, which is why we are excited to be supporting Norrsken’s 300+ impact entrepreneurs who are solving important problems for generations to come,” says Erik Krüger, Acting CEO of Invest Stockholm.

“Stockholm has become one of the world’s best breeding grounds for unicorns, in part thanks to the fantastic support and work of Invest Stockholm. We’re incredibly proud to work together to now also make it an equally fertile ground for impact unicorns - companies that leverage technology and entrepreneurship to solve societal and environmental problems,” says Erik Engellau-Nilsson, CEO of Norrsken Foundation.

Within the partnership, Invest Stockholm and Norrsken Foundation aim to make Stockholm the best place in the world for impact entrepreneurs and investors.

For more information about the partnership, please contact:
Ariane Pousette, Project Manager Start-ups, Invest Stockholm, ariane.pousette@stockholm.se
Thom Feeney, General Manager, Norrsken House Stockholm, thom@norrskenfoundation.org

About Norrsken Foundation
Norrsken Foundation is a Swedish non-profit organization founded in 2016 with the purpose of solving some of the world’s most pressing challenges. The Foundation runs the award winning co-working hub Norrsken House, an impact VC fund of €30M that invests in best entrepreneurs solving the biggest challenges in the world and two in-house initiatives, Klarity & 29k. The Foundation was established by Niklas Adalberth, the co-founder of the financial service company Klarna.
www.norrskenfoundation.org

About Invest Stockholm
Invest Stockholm is the official investment promotion agency of Stockholm. We work with the marketing and development of the Stockholm region as a business destination under the brand Stockholm – The Capital of Scandinavia. Invest Stockholm is a subsidiary of Stockholm Business Region, owned by the city of Stockholm. Our services include matching investors with opportunities, and providing advice and practical assistance, free of charge, to set up and expand a business in Stockholm. Invest Stockholm also supports the local business community and startup ecosystem.
www.investstockholm.com