Sting (Stockholm Innovation & Growth) is Sweden’s leading startup accelerator and incubator, founded in 2002 and based in Stockholm. Over two decades, Sting has built a reputation as one of Europe’s most successful support programs for high-tech startups.
Each year, ~25 startups participate in Sting’s programs, which are tailored to ICT, sustainability, and deep tech ventures. Sting offers two main tracks: the Accelerate program (a shorter, intensive accelerator with investment) and the Incubate program (a longer incubation with office space and coaching). Startups benefit from SEK 400,000 (≈€35,000) in pre-seed investment via Sting’s Propel Capital angel fund, as well as hands-on mentorship from experienced entrepreneurs.
Sting is notable for its extensive network in the Nordics – participants get access to 80+ industry mentors and introductions to a broad investor pool in Sweden and internationally. The results speak volumes: Sting has supported 270+ startups since inception, with a survival rate over 70% and multiple high-profile alumni. Success stories include Yubico (security keys unicorn), Sellpy (fashion recommerce, acquired by H&M), and ClimateView (climate planning SaaS).
In addition to funding and coaching, Sting offers free office space at A House in Stockholm, product development labs, and perks from partners. The program emphasizes key performance indicators (KPIs) and growth milestones – Sting aims to help companies reach first customers, significant revenues, or Series A readiness within 6–18 months. Beyond individual companies, Sting has played a crucial role in Stockholm’s ecosystem: it co-founded SUP46 (Start-Up People of Sweden) co-working space and hosts Sweden’s annual Startup Demo Day.
Sting alumni have collectively raised over €600 million. With the Swedish ecosystem maturing, Sting remains a cornerstone – providing new founders with structured support, an entrepreneurial community, and that all-important first investment to turbocharge their growth.
Stockholm, Sweden
Accelerator
/sweden/accelerator/sting
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