Swedish Energy Agency entrepreneur loans

Country / jurisdiction: Sweden · Year: 2004 · Status: In force · Level: National · Type: Voluntary

The Swedish Energy Agency sought to address regulatory and market barriers for energy entrepreneurs, lack of awareness among investors, and the need for finance compatible with energy hardware development timelines.The Swedish Energy Agency is most active in this area through grant funding. However, this has evolved from the provision of conditional loans from 2006. These loans had a grace period, which meant that payback was not required if the project failed to contribute to market entry for the product.  The Swedish Energy Agency differentiates its grants for innovators by the needs of start-ups at successive stages of development: Concept development. A grant of up to SEK 300 000 (Swedish kronor) (USD 33 000) for defining and developing a technology concept. Verification of customers. A grant of up to 45% of the eligible costs of a project, up to SEK 3 million (USD 330 000) to develop a technology prototype that meets the requirements of a potential customer.Pilot and demonstration. A grant of up to 45% of the eligible costs of a project that has capital costs of at least SEK 7 million (USD 770 000). The technology must be at least at technology readiness level (TRL) 5 and through the project aim to reach TRL 6-8.

Official source: https://www.energimyndigheten.se