Chalmers Ventures Bulletin 2022

#deeptech #impact

Chalmers Ventures

From lab to market b u l l e t i n 2022|twentytwentytwo

We create and invest in deep tech startups.

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World leading deep tech dealflow At Chalmers Ventures, we build a unique dealflow of deep tech startups that we invest in. This in turn creates up to ten new deep tech startups that other investors and VC’s can co-invest in .

There are three elements; competence, capital, and community, in order to make this dealflow work. We have included these three elements in one single organization. We believe that this approach is the future of building deep tech startups.

1 // COMPETENCE

1 // CAPITAL

1 // COMMUNITY

Competence in the different processes and stages in building a deep tech startup.

All the way from identifying the tech potential to starting up and investing in the tech and the team. What needs to be in place, and at what stage.

Capital in the form of time and money. Really early-stage technology ideas, such as research, involves extremely high risk. We have chosen to invest time and money in the earliest stages so the reserach can be commercialized.

Community is networks and facilitating relationships; investment networks, peer-2peer learning, mentorships, industry contacs, access to labs and hubs. Gaining context and learning from one another.

People, quite simply.

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Our deep tech strategy gather competence, capital and community in one organization.

A unique deep tech factory.

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Impact through science.

The key to this?

Entrepreneurial people with innovative ideas who want to see a better tomorrow.

TOTAL TURNOVER IN PORTFOLIO COMPANIES AND ALUMNI COMPANIES* (SEK MILLIONS)

EMPLOYED AT PORTFOLIO COMPANIES AND ALUMNI COMPANIES*

2071 1760

1628

1866 1030

1121

1348

906

2017

2018

2019

2020

* The total turnover of the portfolio companies for 2022 has not been compiled as of the date of the Annual Bulletin.

2021

2017

2018

2019

2020

2021

77

Our companies are helping to change the world by • •

Combating antibiotic resistance

•

Develop vaccines more quickly

•

Clean air

Improving cancer diagnostics

• •

Enabling clean energy

Filtering toxic heavy metals

•

•

Detecting cancer in its early stages

•

•

•

Accelerating drug development •

Quantum computing

60%

Of companies in our portfolio are research-based

•

AI for faster development

Cleaning water from microplastics & bacteria

Cyber security

9 of 10 Of the companies started in 2022 stem from Chalmers

Renewing wind & solar power

64% Of companies in our portfolio are deep tech

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Numbers 2022.

100

Portfolio companies During 2022 CV evaluated

During 2022 CV started

210 tech ideas

10 & 28

new companies

During 2022 CV invested in

42 companies

new projects

10 exits

During 2022 CV worked with

110 35 COMPANIES

PROJECTS

145 STARTUPS

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Voices from 2022 The companies that Chalmers Venturs invests in are very interesting.

Not to say super interesting. It is deep tech and they want to be at the forefront. It is something new.

Martin Lorentzon / Co-founder Spotify

Companies started at Chalmers, in the long run, solve very large problems. Often within construction technology, water supply, infrastucture.

Kim Olsson / Stena

It is inspiring to come here and see all the dedicated, talented, quickthinking people who are trying to do something different from what’s been done before.

Zlatko Rihter / CEO Mölnlycke Healthcare

I believe we are seeing more and more companies within climate tech, and many of those come from Chalmers Ventures, who are producing incredibly good companies.

Karolina Bjurehed / Investment Director Industrifonden

I firmly believe that if there is anywhere you will get cross-fertilization - and where innovation can really get a boost - it is at venues where different disciplines meet up. And Chalmers Ventures and Chalmers are brilliant examples of that.

Johan Christensen / Partner HealthCab

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CEO

Sara Wallin

Chalmers Ventures is now increasing its investment pace War, raised interest rates and recession. Yes, it means lower valuations and financial uncertainty. But also, that the investment trend goes from good to have to need to have. And Chalmers Ventures’ portfolio, as well as future investments, consists of precisely that: companies whose business ideas both have the possibility of global influence to solve important problems and global growth potential.

The need for investments in companies with a global impact is more urgent than ever. Therefore, I will start with two pieces of news that we were able to announce in the last days of 2022. Chalmers Ventures is something of a unique deep tech factory. We primarily create companies that are based on advanced research and that make a global difference in the transition to a sustainable future.

It was also why we won the award for the Nordics’ best Venture Capital at the Nordic Startup Awards in May. Our venture creation process-like investment activity that is unique to the Nordics is perhaps most like the one that The Engine in Boston has. The Engine also has a similar unique relationship with MIT as we have with Chalmers. Therefore, I am extra

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Chalmers Ventures is an important investor in very early stages. For every Swedish crown we invest, it attracts 15,5 Swedish crowns from other investors. happy that a visit there earlier last autumn has now resulted in us having a joint company in quantum computer technology.

I see The Engine as a really interesting role model, both as an investor and as a venture creation business. Just as The Engine is in its region, we are well on our way to becoming a magnet for the Nordics’ deep tech companies

The second news at the end of the year greatly affects our development in 2023. Following a decision by the Chalmers Foundation, we will increase the investment rate from SEK 50 million in 2022 to SEK 70 million in 2023. This more than doubles the annual investments compared to the years 2016 to 2021, when the investment rate amounted to SEK 30 million.

This way we can create even more benefit.

Our investments enable our portfolio companies to create long-term solutions to major problems. At the same time they create a financial return for the actors who, with the investments, enable the companies to take the solutions to a market where they can make a difference.

Chalmers Ventures is an important investor in very early stages. For every Swedish crown we invest, it attracts 15,5 Swedish crowns from other investors.

It is positive that we can increase the investment rate in a declining economy. It has been a few fantastic years for capital investments in

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startups in general. 2022 marked a change, especially in the precision of investments. The future lies in investing in companies that have a global impact.

The trend is moving towards such investments, which can be an advantage for Chalmers Ventures’ portfolio companies.

Take just two examples from 2022.

Elypta has shown several advances throughout the year. The company is conducting tests in its search for a rapid test for multiscreening cancer.

This could mean an earlier detection of cancer than with current methods and thereby reduce mortality. In June, the company conducted a new share issue, which meant 21 million dollars in new external ownership capital.

Melt & Marble is another example. The company creates fats that enhance the experience of plant-based food, which could revolutionize the food industry.

In May, the company added five million euros after a new share issue.

In both cases, Chalmers Ventures has been involved and made follow-on investments.

Chalmers Ventures is a long-term investor, our evergreen structure and stable foundation, together with Chalmers, enable the company to stand firm and remain a partner even during economic downturns. The evergreen structure means that we reinvest profits in new companies, and in the future, returns should also enable Chalmers Ventures to finance research.

In a way, the economic resilience that our companies possess to some extent is a kind of resistance to financial chaos. But at the same time, we should not ignore the fact that valuations in companies will be lower, which will, of course, affect our short-term results.

Our owner, the Chalmers Foundation, as well as the university itself, is crucial to our continued success. It is from here that the opportunities to build our evergreen model come. This will create future innovations that reach the market, but also capital for new research. The owners are long-term, and we at Chalmers Ventures are definitely too.

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During 2022, we established several new partnerships, both with national and international investors. I hope that both they and our existing partners will continue to work together in the longterm investments that investments in our portfolio companies entail.

Together, we can create an energy that brings these innovations to the market and accelerates the pace towards an optimistic future. / Sara

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EQUALITY AND BUSINESS Research and our own experience show us the same thing: gender-equal companies perform much better over time.

At the same time, we see that CV and the industry are a long way off. This is far from OK. We wish these efforts could have produced results much more quickly. But we will go on working long-term and with determination, and we do not intend to give up.

We see gender equality as one of our key opportunities and competitive advantages for building sustainable companies. It is all about working with and investing in companies with mixed teams of men and women.

Chalmers Ventures will go on investing strategically in attracting more women as leaders, innovators, entrepreneurs, board members, and investors in our

companies. This is something we need to do if we are to achieve our goals and vision.

Our goal with this long-term work on gender-equal companies is to position ourselves as an industry-leading investor and venture creation player for our portfolio companies, owners, entrepreneurs, and our community!

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Numbers 2022 for better equality

61%

OF PORTFOLIO HAD MIXED BOARDS

OF PORTFOLIO HAD MIXED FOUNDING TEAMS

34%

78%

74%

75%

CHALMERS VENTURES’ TOTAL INVESTED CAPITAL WENT TO COMPANIES WITH MIXED* MANAGEMENT TEAMS

OF CHALMERS VENTURES’ TOTAL CAPITAL INVESTED WENT TO COMPANIES MIXED* BOARDS

OF TOTAL CAPITAL INVESTED IN THE ROUNDS INVOLVING CHALMERS VENTURES WENT TO COMPANIES WITH MIXED* BOARDS

Our long-term goal is to position ourselves as an industry-leading investor and venture creation player for our portfolio companies, owners, innovators, entrepreneurs, and our community!

* Mixed means at least one woman and at least one man.

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CFO

Emma Siljeäng

Strengthening unique position Water purification, quantum technology, combating air pollution, indium recycling, cybersecurity, software for analyzing and optimizing teams. In 2022, Chalmers Ventures added ten new companies to its portfolio whose business ideas contribute to global sustainable development. Nine of the business ideas stem from Chalmers.

Chalmers Ventures’ strategy is to invest in growth companies that create impact, accelerate global change, and thereby solve tomorrow’s problems. The focus is on companies within deep tech. In 2022, Chalmers Ventures invested a total of 49 million SEK in 42 companies. In addition, the companies received soft funding of 113 million SEK. Thus, Chalmers Ventures has invested a total of 313 million SEK in companies with global growth potential over the years.

2022 brought about a changed market situation. Russia’s warlike attack on Ukraine,

rising interest rates, and increased inflation also negatively affect company valuations.

For companies, it means new challenges where, among other things, new issues are made at lower levels.

For Chalmers Ventures, the lower valuations are reflected in the company’s income statement and balance sheet. Among Chalmers Ventures’ listed holdings, the development has largely followed the general market development, which means that Chalmers Ventures will have a negative result of -24.9 million SEK in 2022 due to unrealized depreciation in the listed portfolio. The valuations of the unlisted

Chalmers Ventures has invested a total of 313 million SEK in companies with global growth potential over the years.

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companies have not had a significant impact since the valuation of unlisted companies generally lags behind the development compared to listed companies. Thus, the valuations in the unlisted portfolio are largely unchanged in 2022.

The total company value of the portfolio companies amounts to seven billion SEK at year-end, which is a decrease compared to the previous year due to developments on the listed market.

Despite the uncertain stock market environment, Chalmers Ventures carried out two successful IPOs of Promimic and Lumen Radio. In connection with the IPO of Lumen

Radio, Chalmers Ventures sold its shares in the company, resulting in the largest exit of the year. Chalmers Ventures sold 10 companies in 2022 and received a total of 16.8 million SEK in portfolio liquidity.

At the end of the year, the portfolio consisted of 100 companies with a common portfolio value of 442 million SEK. Chalmers Ventures actively works with co-investments with other investors and thus helps to scale up the financing in our portfolio companies. In 2022, each SEK Chalmers Ventures invested was scaled up 16 times by equity capital from co-investors.

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CHALMERS VENTURES PORTFOLIO PORTFOLIO COMPANIES OVERVIEW

PORTFOLIOS TOTAL

COMPANY VALUE

x16

442

MSEK

7,2

BSEK

100

CHALMERS VENTURES

PORTFOLIO VALUE

For every krona invested by Chalmers Ventures, 16 more were invested by external investors

1919

INVESTED BY CHALMERS VENTURES

49,1 MSEK Exits

Invested in

10

42

companies

companies

EQUITY CAPITAL INVESTED IN UNLISTED COMPANIES

EQUITY CAPITAL INVESTED IN LISTED COMPANIES

(GRANTS AND CONDITIONAL LOANS)

MSEK

MSEK

MSEK

671

140

SOFT FUNDING FOR COMPANIES

113

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Our portfolio & investments.

The Chalmers Ventures portfolio consists of tech companies based on knowledge & research that resolve global challenges and offer great business potential. The portfolio includes companies at all stages of development and investment and in a wide range of industries, domains and applications. The goals of sustainability, profitability and gender equality are common to all.

Commercialization of groundbreaking research Every day, groundbreaking research takes place at Chalmers and universities all over the world.

Many of theese, often deep tech startups, are the basis of our investments.

Much research carried out at Chalmers forms the basis for the successful companies that Chalmers Ventures has actively worked with by commercializing and utilizing knowledge assets and research outcomes.

We create impact by taking research and innovation to become successful growth companies. The key to this? Working with entrepreneurial people and impact investors who genuinely want to see tomorrow change for other people.

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Our investment steps.

The maximum investment per company is SEK 25 MSEK

We have the opportunity to follow you from start to finish thanks to our evergreen model.

10+ years Earliest investor!

We are usually the first investor in the start-up.

5+ years

1-5 years

PRE-SEED

SEED

GROWTH

• •

• •

• •

•

Up to 1 MSEK Investments by Chalmers Ventures Seed capital

Up to 5 MSEK Investments with co-investors

•

Up to 25 MSEK Investments with co-investors.

Companies with significant market growth

3 key insights into

how we invest

We are an evergreen structure fund We invest in tech companies that resolve global challenges and offer great business potential.

We invest in early stages

With the capacity to provide growth capital to selected portfolio companies

We syndicate with other investors Our large network leverage the capital invested in our companies

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Portfolio development & realized capital

3

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1 Techsektorer 2021, antal (Otherbolag tech) Energy tech Transport & Logistics tech

4

2

Fin tech

Sports tech

3

Food tech

22

6

Portfolio companies

Lifescience & Health tech

HR & Communication tech

100

16

ICT & Software tech

31 st Industrial tech 591

600

548 149

500 133

360

400 300 200 100 0

253

104 12 43 49

2015

143

189 35

299

80

106

22 42

54

78

101

115

135

147

2016

2017

2018

2019

2020

Invested capital

166

84

82 56

107

174

241

• Unrealized value growth

2021

276

2022

• Acc. Exit liquidity

2323

Market value

Company value

Transport & Logistics tech

1 MSEK

10 MSEK

Sports tech

4 MSEK

26 MSEK

129 MSEK

1758 MSEK

113 MSEK

1749 MSEK

59 MSEK

1 736 MSEK

17 MSEK

261 MSEK

38 MSEK

465 MSEK

62 MSEK

974 MSEK

16 MSEK

169 MSEK

1 MSEK

5 MSEK

442

7 152

by tech sector

Lifescience & Health tech

Industrial tech

Energy tech

Fin tech

HR & Communication tech

ICT & Software tech

Food tech

(Other tech)

MSEK

by tech sector

MSEK

by tech sector

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Our portfolio companies

Our portfolio includes around 100 companies. By strategic coaching, development and investments, we ensure a portfolio that creates a long-term impact.

HR & Communication tech Digital Grammars Oterlu AI Kluero Salesbyte Winningtemp YouPic

Energy tech Enairon Eneryield Endre Technologies Enweave Mimbly Modvion Revibe Energy Biofrigas Sweden Minesto Parans Smena Catalysis SootTech

Lifescience & helth tech Aquammodate ANYO Labs Envue 1928 Diagnostics Amferia Atley Solutions Beat Vascular Health Elypta In Singulo Solutions Kneedly Lucero Mevia Fluicell Micropos Medical Monivent Stayble Therapeutics Navari Surgical Nyctea Technologies Promimic Stealth Labels Biotech Simplexia Vitroprobe Analytics

Food tech Aquafood Melt&Marble MicVac

Fin tech

Trine Sigmastocks

Transport & Logistics tech Heap Carsharing RadChat Eilogistik

2525

DEEP TECH & SUSTAIN TECH |

numbers total in portfolio

Deep tech

Sustain tech

64

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Industrial tech

Aqua Robur Adsorbi Palats Technology Sinom Swedish Algae Factory Vividye Cline Scientific Atium Brinja Northfork Intended Future Minalyze Mat4Green Tech Nocoli Parakey Respace Acosense Gapwaves Gomero Insplorion LC-Tec Holding Smart High-Tech Reply5 Aluwave Compular Lamera Lumeo Technology Oxeon Scaffcalc AB Simplex Motion Smoltek Nanotech Holding

ICT & Software tech int3software Atlantic Quantum Hello Ebbot Eperoto EmbeDL RaceOne Detecht Event Logic Norgald Industrial Paths Solutions Vesiro Yolean Zero Point Technologies Metry (Playback Energy) Irisity Safer Society Group AB Irisity

Sport tech

Guinae Pig Health Skisens Glenntex Ophena

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How we invest

Funding the new deep tech companies of tomorrow Chalmers Ventures is an evergreen structure that invests in tech companies that resolve global challenges and offer great business potential.

Chalmers Ventures invests in early stages, and its strategy is to be the first financier for these companies. Chalmers Ventures is a long-term owner and a stable partner on the growth journey, with a successful and proven platform that companies can use for creation and growth.

Chalmers Ventures is always looking to syndicate with other investors and has a large network of active players, from the very earliest stages to the later ones, leveraging the capital invested in the companies.

Chalmers Ventures invests in technologybased and innovative companies with growth potential. These companies must have internationally scalable growth potential and entrepreneurially driven teams, and must be or have been part of one of the Chalmers Ventures tracks and programs, or have other clear links to Chalmers.

The historic value development of the portfolio is evidence that the Chalmers Ventures model of creating new growth companies works, and that long-term commitment pays off.

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Our portfolio companies raised over XXXSEK equity capital during the year, including capital from Chalmers Ventures.

Elypta // 167MSEK

Chalmers Ventures, Bonnier Ventures, Industrifonden, Ruasset, Norrsken, etc.

Amferia // 15MSEK

Chalmers Ventures, Almi Invest and Business angels.

Atley Solutions // 14MSEK

Chalmers Ventures, Marinvest, Vätterleden Ventures and Business angels.

Promimic // 80MSEK – IPO

Chalmers Ventures, K-Svets, Karolinska Development, Marinvest, etc.

Melt & Marble // 55MSEK

Chalmers Ventures, Nordic FoodTech VC, Lever VC, Be8 Ventures, Good Startup, Paulig Incubator, etc.

InSingulo Solutions // 33MSEK

Chalmers Ventures, K-Svets, Marstrand Partners, etc.

Zero Point TEchnologies// 24MSEK

Chalmers Ventures, Climentum Capital, Industrifonden, Lindeblad Technology, etc.

Modvion // 125MSEK

Chalmers Ventures, Vestas Ventures, EIC, Almi Greentech, etc.

+

Other selected companies that raised capital Aqua Robur // Detecht // Sigmastocks // Eperoto // Swedish Algae Factory

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Capital available Equity capital

Grant funding

Invested from the very formation of the company until exit.

Verification funds for startups in our portfolio

These investments are made in selected companies that meet CV’s investment criteria.

As part of our venture creation process, Chalmers Ventures has several funds available for the very earliest companies with a view to allowing initial market, patent and business verifications.

These investments are made on market terms and in syndication with other financiers.

•

Verification funds – Vinnova

•

Idea bank funds – Ministry of Education and Research

•

Innovation checks – Vinnova, via SISP

•

Verification funds – Deeptech projects via the Swedish Agency for Economic and Regional Growth & Västra Götaland Regional Council

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Criteria when we invest.

Deep tech and/or unique research-based technology

Global scalability & growth potential

Commercially driven team

Been part of venture creation tracks/program, or has link to Chalmers

Working towards global impact

Follow-up investments require active work with equality

What we can help you with Make your company ready for investment and more attractive to investors and investment networks

Be a credible, long-term and sustainable investment partner

Investor networks

Be active owners and develop your governance

Practice your pitching, and prepare to meet other investors

Define KPIs, etc. that can take your company to the next level

Provide advice on a funding plan

Guide you around soft funding in the innovation system

Demonstrate how to go about raising the right equity capital

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Our unique process Chalmers Ventures will use its expertise to help create the conditions required for a growth company to start up correctly and with the right structural capital.

Chalmers Ventures will then be involved in the startup, development and growth of the companies until exit.

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WE EVALUATE TECH

1.

WE MAXIMIZE RETURNS

2.

3.

4.

5.

WE INVEST & OWN

We reinvest realized capital in the right step/phase

1 /// Identify

2 /// Shape & start

We attract, seek out and evaluate research and technology ideas. The technologies with the greatest potential are matched with entrepreneurs.

Create the basic conditions to shape companies correctly and build structural capital.

Then Chalmers Ventures is also involved in starting up the companies and provides additional benefits during that first critical period.

3 /// Validate & verify

4 /// Scale up

Validating business model, working for paying customers and unlocking the business model. Find the right proof points to validate and verify the company’s unique idea to both the market and investors.

Becoming sustainable growth companies reaching out to an international market. Chalmers Ventures works with its skills as active owners, provides professional governance and syndicates the right growth capital.

5 /// Exit Chalmers Ventures pursues a positive exit strategy at what it feels is the right time. We can focus our resources on those companies with the greatest potential and positive impact on the portfolio.

From lab to market. World class venture creation.

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Venture Creation Tracks

Our tracks allow us to evaluate and develop the technology idea and/or research.

Tech Transfer.

As a researcher, Chalmers Ventures helps you to utilize your research outcomes through commercialization. Your technology idea is prepared for incorporation and admission to our Venture Creation Program.

• • • • •

Commercializing research and intellectual assets Protecting IP by means of patents, for example Business Coaching & Community Complete the team with an entrepreneurially driven person Goal: portfolio company & admission to the Venture Creation Program

Startup Camp.

If you already have a startup but have not yet validated your business model, you can apply for admission to our Venture Creation Program via Startup Camp. Over a period of time, we evaluate the maturity of your company and make sure we add skills to try and reach the admission goal.

• •

Evaluation and validation of your startup Goal: portfolio company & admission to the Venture Creation Program

Tech Matching for Encubation.

A unique process where researchers and innovators match technology ideas and research with entrepreneurs from Chalmers School of Entrepreneurship.

• •

World-leading Tech Matching between innovator and entrepreneur Goal: portfolio company & admission to the Venture Creation Program

Direct Apply.

Direct admission to the Venture Creation Program is possible for companies with a business model already established or a team in place, and/or led by a serial entrepreneur.

Upon application, we evaluate the maturity of the company and can then make a direct admission to our Venture Creation Program.

• •

Evaluation and validation of your startup Portfolio company & admission to the Venture Creation Program

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Venture Program We can give your tech startup the best benefits to help start up in the venture creation process.

Strategic Business Coaching We work together with our companies to develop the following areas: • • • •

Customer Technology Business model IPR

• • •

Team Funding Sustainability

Financing & Investments • • •

Assistance with financing process CV’s network of investors Possible long term investments of MSEK 25 from Chalmers Ventures Grant funding

•

PR & Communication • • •

Visibility and marketing through CV channels Help with press releases and PR Taking part in the CV brand

Networks, Partnerships & Community •

• •

Entrepreneurs, innovators and industry with unique experience of building and growing tech companie Events, seminars & workshops Partnerships, networks & hubs

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It’s all about the startups.

Take alook at some of our amazing portfolio companies.

They are truly changing our world for the better.

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Make sure to take a look at our web where we have more startup stories where our innovators end entreprenerus tell you their stories. chalmersventures.com/startupsstories

Problem / Bacteria in wounds are hard to treat.

Solution / Tech that kill germs and sterilize wounds, without damaging skin cells. It works on all kinds of skin wounds, and it is an effective way to kill the bacteria directly in the wound.

Potential / Millions of people and animals can survive wound infections.

Problem / Bacteria in wounds are hard to treat.

Solution / Tech that kill germs and sterilize wounds, without damaging skin cells. It works on all kinds of skin wounds, and it is an effective way to kill the bacteria directly in the wound.

Potential / Millions of people and animals can survive wound infections.

Problem / Existing biopharmaceutical and protein manufacturing slow and uneffective.

Solution / Electronically capture and release biomolecules at the press of a button. Making complex biopharmaceutical and protein manufacturing simpler, more effective, and digital.

Potential / Faster development of biopharmacuticals and new implantable drug delivery and microdosing.

Problem / Wasting fresh water in washing machines.

Microplastics leaked from garments.

Solution / A tech that recycles and reuses water and deturgent as well as filtering microplastics.

Potential / Massive amounts a water is better recycled and removal of microplastics entering environment ending up if animals, food and humans.

Problem / Plats based food can lack taste and juciness compared to animal fats.

Solution / Recreating animal fats using precision fermentation.

Potential / The solution to better tasting plant-based foods.

Environmentally good, low carbon footprint and good human health.

Problem / Huge waste and environtenally unfriendly prints in textile industry. 87% of garments end up incinerated or in a landfill Solution / A tech with removable textile prints. Clothes can be reprinted.

Potential / A new way for the entire textile print industry to print environmentally friendly. Better water savings and increase in reused garments and materials.

Problem / Analog material development is slow.

Problem / Bad integration for implants.

Solution / Tech that kill germs and sterilize wounds, without damaging skin cells. It works on all kinds of skin wounds, and it is an effective way to kill the bacteria directly in the wound.

Solution / Our surface-modifying technology for orthopedic and dental implants cuts the bone healing time in half and results in more successful operations.

Potential / Millions of people and animals can survive wound infections.

Potential / Better life for millions.

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We are a team

of people who genuinely love entrepreneurship and innovation. And being able to make a difference. For real.

We have more than 20 years of combined experience of starting and growing tech companies. This is something we have the privilege to do together with researchers and entrepreneurs. In this process, we follow a technology idea and watch it grow into a successful company.

We have a deep and unique understanding of entrepreneurship. Because we are with you all the way.

EXECUTIVE TEAM

BOARD

Sara Wallin - CEO Viktor Brunnegård - Strategic Developer Charlotte Emlind Vahul - Head of Venture Creation Pontus Ottosson - Head of Investments Jonas Sandwall - Head of Communications & Marketing Emma Siljeäng - CFO

Johan Inden (Chairman) - Volvo Penta Caroline Krensler – Vinngroup Lennart Johansson – Patricia Industries Sophia Litsne – Västra Götaland Regional Council Elisabeth Björk – Astra Zeneca Fred Andersson – student representative, Chalmers Tekniska Högskola Fredrik Sanell - Chalmers University Foundation

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An entrepreneurial ecosystem Chalmers Ventures’ mission is to be a leading resource when it comes to commercializing research results and deep tech. Chalmers Ventures helps scientists and innovators to build a sustainable business model, team and corporate structure around the technology.

Our aim is to provide a possible route for research results to benefit society. A development and an asset that is becoming increasingly important to reach out with research and new technology.

- We can see that the world’s sustainability challenges require increasingly complex solutions that often need to be based on stable, long-term research, says Stefan Bengtsson, President and CEO of Chalmers University of Technology.

The commercialization of research provides an opportunity to increase the benefits of the innovations contributed by researchers and universities. Chalmers Ventures has an important part to play here.

Entrepreneurship is part of the Chalmers Group’s strategy.

- Collaboration within Chalmers is a crucial factor for utilization, says Stefan Bengtsson. We can see how important it is to offer entrepreneurship as an opportunity for our students and researchers so that more ideas can reach out to society.

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Chalmers Ventures is owned by the Chalmers University Foundation.

- Over the past few years, we have consciously and strategically shaped an operation that builds a business model for the future, says Martin Nilsson Jacobi, CEO of Chalmers University of Technology Foundation.

We are now looking forward to a development where more and more research-based technology can create sustainable structures in the world around us. Much thanks to the work being done by Chalmers Ventures. . __

Utilization and innovation is an important enabler helping research to reach out to society and meet its needs. Not least when it comes to sustainability.

- Chalmers has always been at the cutting edge when it comes to utilization and innovation, says Mats Lundquist, Vice-President of Utilization and Professor of Entrepreneurship at Chalmers.

This is made possible thanks to our world-leading processes for starting and developing sustainable technology companies, and for forming and coaching entrepreneurial teams. __

Chalmers Ventures business involves investing and becoming an active partner in the companies that enter the program. Further seed investments and growth investments are made through co-investments where Chalmers Ventures is involved in attracting external capital.

- Our business model is tried and tested, and now we are entering a new stage where we want to scale up further, says Sara Wallin, CEO of Chalmers Ventures. The whole point of this is to be able to help create more and larger companies where Chalmers research and new deep tech can reach out and positively influence the world around us.

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Our Values & Statements We want to be an organization that is involved in changing the world around us for the better.

But at the same time, we are aware that change and development can take time.

That is why we have created values, a vision and a mission that can help us to stay on track.

Chalmers Ventures’ venture creation activities are partly funded by Chalmers with a mission in the field of utilization, but also by Vinnova, Västra Götaland Regional Council and the Hans E Olsson Foundation. The operation also runs ongoing EU projects: current projects include VINK (exchange of experience between incubators in the West) and Deep-tech support system in Western Sweden.

VISION.

Chalmers Ventures will be a world leader when it comes to creating and developing research-based and knowledge-based growth companies that help bring about a sustainable society.

MISSION.

Chalmers Ventures is building the new tech growth companies of the future. CV assists with solutions to society’s challenges and is strengthening Sweden’s competitiveness by creating viable, sustainable technology-based growth companies based on research and knowledge.

BUSINESS.

Chalmers Ventures’ business is to create, develop and profitably and successfully divest sustainable, technology-based growth companies through active ownership, expertise and market-driven investments from startup to growth

STATEMENTS

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VALUES COMMITMENT.

We are committed to following an idea all the way along the line from startup to growth.

COURAGE.

We have the courage to take decisions and new routes that have not always been taken before.

CO-CREATION.

We know that sustainable growth is created by working together with others.

Partners & financiers

AstraZeneca | CEVT | Stena Center | TietoEvry #greenups | West Swedish Incubators Nordia | Fondia | Delphi | NORMA Advokater BDO | RSM | Moore Lassarev