The Swedish Government has announced a SEK 95 million investment to establish an innovation platform dedicated to advancing green technology and reducing the nation’s carbon footprint.
The initiative brings together leading partners – RISE Research Institutes of Sweden, AstraZeneca, and Scania – in a powerful public-private collaboration aimed at transforming Sweden into a global leader in sustainable innovation.
Sweden’s Minister of Energy and Enterprise Ebba Busch explained: “Sweden has a unique opportunity to take the lead in the green transition of industry.
“Through a strong public-private partnership, we are creating an ecosystem where large and small companies together 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 reach its long-term climate goals while boosting industrial competitiveness.
The new platform, to be based in Södertälje, will serve as a national incubator for innovation in sectors such as fossil-free energy, green chemistry, circular economy, and sustainable transport.
Small and medium-sized enterprises (SMEs), as well as scaleups, will be able to test, develop, and scale up their green technology solutions with the backing of some of Sweden’s most influential industry players.
Strengthening Sweden’s global competitiveness
The platform’s mission extends beyond reducing emissions. It aims to attract international talent and innovative companies eager to contribute to the green technology revolution.
By combining public investment with private-sector expertise, Sweden hopes to create a thriving ecosystem that fuels sustainable growth, creates high-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 model for innovation through its successful BioVentureHub – a programme that has already generated hundreds of qualified jobs in Sweden over the past decade.
Per Alfredsson, CEO of AstraZeneca AB, added: “We want to attract innovative companies around the world with groundbreaking solutions in new green technology, and offer them a platform in Sweden where they have access to expertise, infrastructure and a shared culture within Swedish industry.”
Long-term commitment and funding
To ensure the platform’s success, the Swedish Government will contribute SEK 15 million in 2026, followed by SEK 20 million annually through to 2030.
The total public investment of SEK 95 million will be matched by private-sector funding, reinforcing the nation’s commitment to sustainable development and green innovation.
Driving the green transition forward
With this ambitious partnership, Sweden aims not only to meet its own environmental targets but also to inspire other nations to accelerate their green transitions.
By integrating industry, innovation, and environmental responsibility, the country is taking a decisive step toward a cleaner, more competitive, and climate-resilient future powered by green technology.
