The Swedish-American Entrepreneurial Days event in Växjö included a pitch session for innovative companies from Swedish incubators. The participants each submitted a business proposal for the U.S. market. The event, held on September 14th, was organized by the Swedish-American Chambers of Commerce in collaboration with Swedish Incubators & Science Parks (SiSP) and Inkubatorn i Kronoberg AB. The award was sponsored by ALMI and Innovationsbron.
There were three finalists presenting their work. The first presenters were Neosys AB, a company that has developed a security and rescue system for nuclear plants, and Stampr AB, a company that is about to launch a mobile application which will allow consumers to electronically collect their reward/loyalty cards. Last but not least, Xbrane Bioscience AB explained the interesting and revolutionary biotechnology they have been developing. Lykke Abdon, the Manager of Business Development at Xbrane, discussed the special platforms for vaccines and proteins that they have created. The jury of five—representing Innovationsbron, Almi, Theia Investment, Finnegan Henderson LLP, and Oceanbridge Capital—was most impressed by Ms. Abdon’s presentation, and awarded the company with a study trip to the U.S. and this evaluation:
“Xbrane Bioscience solves a big problem with its products; they have identified a huge potential market, and have a product portfolio with a high level of innovation. They gave a well-structured presentation today during the Incubator Export Challenge which is worthy of SACC-USA’s backing to go to the United States.”
With support from the jury members, the Swedish-American Chambers of Commerce and Xbrane will now organize the study trip to the U.S. In undertaking this project, the participants hope to learn more about the U.S. market in general while investigating what potential business opportunities may exist there for Xbrane.