Innovation 360 Group

Innovation360Group receives seed capital

Press Release   •   Jun 15, 2016 05:30 GMT

The Tilander family via their investment company, Backstage is investing in the recently launched Innovation360 Group AB, which develops a world-leading technology for innovation development.

Along with the two founders Magnus Penker and Martin Hultqvist and their personnel, Backstage is providing 3 million Swedish Crowns to Innovation360 Group AB. The company helps their customers to strengthen their ability to innovate and mainly works in areas that represent major future challenges, such as food production, energy, water, safety, health, education and the environment.

– This investment is happening eith a perfect timing, says Fredrik Tilander, CEO of Backstage Invest. To be able to face tomorrow's challenges, the businesses must become better at innovation in the present. It is a question of survival. At the same time, one can ask why some companies year after year are more successful than others on this particular matter? Innovation360Group has the answers that can help management to understand how their companies can keep up with in the future.

Innovation360Group was launched in 2014 and has developed a leading and internationally recognized methodology, tool and database to analyze, design and transform businesses to face the increasingly fast market and technology changes of the present and future. The company is internationally active and works partly through its own innovation consultants and partly through licensed independent consultants. The goal is to create the world's largest and most accessible solution for innovation development for companies and organizations.

– We are in an expansive phase and have already sold our solutions in 20 countries, says Magnus Penker, CEO of Innovation360 Group. The response to our offer has gone beyond all expectations. The investment will be used to strengthen the sales team so that we can prove faster our business model to the financiers who showed interest in investing in a major international expansion.

Innovation360Group has been launched by Magnus Penker, a veteran in the consulting industry who has been involved in a large number of start-ups, turn-arounds and successful company sales in both Sweden and internationally. Martin Hultqvist co-founder and business colleague has over 20 years of senior management experience, including turn-around CEO of the listed company A-Com.

CONTACT INFORMATION

Magnus Penker, CEO Innovation360Group. Mobile 070-820 02 44 or magnus.penker@innovation360group.com

Fredrik Tilander, CEO, Backstage Invest AB. Mobile 0705-120230 or fredrik@tilander.com

Innovation360 Group helps companies to sharpen their innovation capability, generate and re-innovate their value propositions as well as speeding up their global go-to market projects through innovative strategy, business and organizational development. They do this by means of research based innovation assessments and measurements, based on their global innovation database and research in the innovation area, evidence based analysis and recommendations on concrete execution plans for increased innovation capability, profit and growth.

The Innovation360 Group primarily works with organizations that espouse high ambitions and strong international focus on innovation, positive change, profit & growth. Innovation360 Groups’ Licensed Practitioners are established in the US, Europe, Asia and Africa with a strong presence in over 20 markets across all continents