The Swedish government has taken a decisive step towards bolstering its green technology sector, announcing a SEK 95 million investment to establish an innovation platform dedicated to reducing the nation’s carbon footprint. This initiative brings together leading partners—RISE Research Institutes of Sweden, AstraZeneca, and Scania—in a public-private collaboration aimed at positioning Sweden as a global leader in sustainable innovation.
Sweden’s Minister of Energy and Enterprise, Ebba Busch, emphasized the strategic importance of this move. “Sweden has a unique opportunity to take the lead in the green transition of industry,” she stated. “Through a strong public-private partnership, we are creating an ecosystem where large and small companies together drive innovation, competitiveness, and climate-smart solutions.”
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 have the opportunity to test, develop, and scale up their green technology solutions with the backing of some of Sweden’s most influential industry players.
This initiative is not just about reducing emissions; it’s about strengthening Sweden’s global competitiveness. The platform 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 program that has already generated hundreds of qualified jobs in Sweden over the past decade.
Per Alfredsson, CEO of AstraZeneca AB, highlighted the platform’s potential to attract global talent. “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.”
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.
This ambitious partnership signals Sweden’s intent 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, Sweden is taking a decisive step toward a cleaner, more competitive, and climate-resilient future powered by green technology.