Voima Ventures’ Launches €1 Million Science-backed Startup Challenge

Voima Ventures
Voima Ventures
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Insider Brief

  • Voima Ventures is a Helsinki and Stockholm-based early-stage investor investing in science-based startups.
  • The team is launching a science challenge for pre-seed and seed stage science-based startups in the Nordic and Baltic regions.
  • The winning team secures a €1M investment from Voima Ventures. 

PRESS RELEASE — Helsinki and Stockholm-based early-stage investor Voima Ventures launches a science challenge for pre-seed and seed stage science-based startups in the Nordic and Baltic areas, aiming to accelerate science-based innovations across the region. The challenge aims to encourage and support these startups in transforming their ideas into thriving, global businesses and help them scale solutions from laboratories to global companies.

“Harnessing the power of science-driven entrepreneurship is the quickest way to tackle urgent global problems, and thus we need more ways to accelerate science-based innovation. We want to challenge research teams to build scalable solutions for urgent issues and look forward to supporting the best ideas, helping them scale,” says Inka Mero, Founding Partner of Voima Ventures.

As part of the challenge, 30 companies will be selected for an online session where they will receive expert feedback for the commercialization of their idea while expanding their investor network, along with valuable mentoring and insights. The top 8 teams will be selected to compete in a final. The final jury consists of top-tier investors and industry experts: Co-founder and co-CEO of Paebbl Marta Sjögren, Managing Director of Angelini Ventures Tanja Dowe, entrepreneur and deep-tech investor Nicklas Bergman, Co-founder of Quantagonia, professor Sabina Jeschke, and Co-founder and CEO of Algorithmiqm, professor Sabrina Maniscalco. The winning team will receive a €1 million investment in a convertible note, and Voima Ventures actively supports the winner with mentorship in developing and growing the business for the years to come.

“We are thrilled to have gathered an extraordinary jury of investment and industry experts to evaluate and support the participating teams, particularly those focused on innovations for people, the planet, and industries. Our goal is to offer an exceptional opportunity to those with ideas that have the potential to create significant societal impact and drive positive change in the world, allowing them to gain more resources for building their ideas into businesses,” Mero says.

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Voima Ventures has a strong track record of investing in high-growth science-based solutions, being an early investor in successful companies like Solar Foods, Dispelix, and Eniferbio. Unlike many VC funds with small or specific allocations for deep tech, Voima Ventures is the only Nordic VC focusing purely on science-based and deep tech startups. In June, Voima Ventures announced its third fund of €90 million to continue supporting groundbreaking Nordic and Baltic science-based startups.

“Science-based innovation is a crucial driver of new economic growth and a way to build European technology sovereignty. As we move forward, we believe that technology and science-based companies will form the backbone of the Nordic and Baltic regions’ economic growth and talent attraction. To get there, we urgently need collaboration and support from all corners of society and diverse ways to support people who are building these solutions from early on,” Mero says.

“We’re committed to developing and nurturing a world-class ecosystem in the Nordic and Baltic regions, unlocking their immense potential to emerge as a global epicenter for science-based deep technology,” Mero concludes.

Learn more, or apply. at the challenge — Velocity — website.

For more market insights, check out our latest quantum computing news here.

Matt Swayne

With a several-decades long background in journalism and communications, Matt Swayne has worked as a science communicator for an R1 university for more than 12 years, specializing in translating high tech and deep tech for the general audience. He has served as a writer, editor and analyst at The Quantum Insider since its inception. In addition to his service as a science communicator, Matt also develops courses to improve the media and communications skills of scientists and has taught courses. [email protected]

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