The Swedish government has announced an investment of SEK 95 million to establish an innovation platform dedicated to advancing green technology and reducing the country’s carbon footprint.
The initiative brings together key partners – Sweden’s RISE Research Institutes, AstraZeneca and Scania – in a strong public-private partnership aimed at transforming Sweden into a global leader in sustainable innovation.
Eva Busch, Sweden’s Minister of Energy and Enterprise, explained: “Sweden has a unique opportunity to lead the green transition of our industry.
“Through strong public-private partnerships, we are building an ecosystem where large and small businesses work together to drive innovation, competitiveness, and climate-smart solutions.”
A vision for a sustainable future
At the heart of this project is a shared ambition to help Sweden achieve its long-term climate goals while increasing its industrial competitiveness.
The new platform, based in Södertälje, will serve as a national incubator for innovations in areas such as fossil-free energy, green chemistry, circular economy and sustainable transport.
Small and medium-sized enterprises (SMEs) and scale-up companies will be able to test, develop and scale up their green technology solutions with the support of Sweden’s most influential industry players.
Strengthening Sweden’s global competitiveness
The platform’s mission goes beyond reducing emissions. It aims to attract international talent and innovative companies who want to contribute to the green technology revolution.
By combining public investment and private sector expertise, Sweden wants to build a thriving ecosystem that fosters sustainable growth, creates highly skilled jobs and positions the country as a leader in climate-smart industries.
The initiative leverages RISE’s research and digital transformation capabilities, Scania’s global expertise in sustainable manufacturing and transport, and AstraZeneca’s proven innovation model through BioVentureHub, a program that has already created hundreds of qualified jobs in Sweden over the past decade.
Per Alfredsson, CEO of AstraZeneca AB, added: “We want to attract innovative companies from around the world with breakthrough solutions in new green technologies and provide a Swedish platform where they can access the expertise, infrastructure and shared culture within the Swedish industry.”
Long-term commitment and funding
To ensure the platform’s success, the Swedish government will contribute SEK 15 million in 2026 and SEK 20 million annually thereafter until 2030.
Public investments totaling SEK 95 million will be financed by private sector funds and will strengthen the country’s commitment to sustainable development and green innovation.
Drive the green transition
With this ambitious partnership, Sweden aims not only to meet its own environmental goals, but also to encourage other countries to accelerate their green transition.
By integrating industry, innovation and environmental responsibility, the country is taking decisive steps towards a cleaner, more competitive and climate-resilient future powered by green technologies.
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