Stockholm, January 12th, 2024
A Swedish deep technology company N-ink is announced as the winner of a science challenge by Voima Ventures, an early-stage investor based in Helsinki and Stockholm. The challenge targeted Nordic and Baltic early-stage startups and research teams with groundbreaking science-based innovations. By winning the challenge, N-ink secures a €1M investment as a convertible note from Voima Ventures.
n-ink provides high-performing, scalable conductive polymers that boost battery and solar cell performance to provide solutions for the electrification of the future. The company was founded in 2020 by Simone Fabiano, Magnus Berggren, Marc-Antoine Stoeckel and Chi-Yuan Yang scientists at the Laboratory of Organic Electronics, Linköping University in Sweden.
N-ink team, CEO Johannes Bintinger and co-founder Marc-Antoine Stoeckel
Johannes Bintinger co-founder and CEO of N-ink, said: “We are extremely happy and honoured to win this contest, but the most significant contest of all is against climate change. N-ink is not just shaping the future of printed electronics; we are rewriting the rules of sustainability and innovation.”
Inka Mero, Founding Partner of Voima Ventures, said: “We are thrilled to back N-ink in their journey to the next stage. N-ink demonstrates the deep scientific and research foundation of the Nordic region combined with a unique innovation, big market opportunity, and ambitious team. Disruptive in many ways, N-ink builds a truly positive impact on the future of the whole planet. Voima Ventures looks forward to supporting the team for the years to come.”
Members of the jury and Voima Ventures team presenting the award to N-ink
Contest Jury member Tero Ojanperä, Silo.AI’s Co-founder and Chairman, said: “N-ink’s solution is a breakthrough built on the sustainable rulebook.”
Voima Ventures launched a science challenge for pre-seed and seed-stage science-based startups in the Nordic and Baltic regions to accelerate science-based innovations across these areas. With the challenge Voima Ventures aimed to encourage startups to transform their ideas into thriving global businesses and help them scale solutions from laboratories into global companies.
Out of one hundred applications, eight teams were selected to compete in a final round before a jury of top-tier investors and industry experts. These included Paebbl’s Co-founder and co-CEO Marta Sjögren, Principal at Angelini Ventures Nils Bottler, Silo.AI’s Co-founder and Chairman Tero Ojanperä, and Algorithmiqm’s Co-founder and CEO, Professor Sabrina Maniscalco.
“All the finalist teams demonstrated remarkable expertise, vision, and commitment to addressing critical global challenges. Harnessing the power of science-driven entrepreneurship is the quickest way to tackle urgent global problems. We’re pleased to see the Nordic and Baltic science-based innovation teams being at the forefront, as demonstrated by the visionary, forward-looking teams that participated in the challenge,” Inka Mero says. “With our third fund’s impact focus, we are supporting technology and science-based companies who will form the backbone of the Nordic and Baltic regions’ economic growth and talent attraction.”