Verification Fund

Almi's Verification Fund invests in companies in the early stages of developing important new knowledge and/or that need help to overcome obstacles to realising an innovative business idea.

Do you have an innovation that presents greater risks than a normal business idea? If so, you will usually need to explore, test and verify various hypotheses to determine whether your idea is viable. But did you know that there are grants available for exactly this purpose?

Test your idea at an early stage

You will:

Save time and money later

Investing time early on to determine if your idea addresses the needs of your potential customers is time and money well spent.

Minimise risk

Explore and test your idea, gather valuable data and information, and ensure that you are ready to take your project to the next level.

Make the project financially viable

Collect essential data and get the answers you need to obtain alternative financing.

What is Almi's Verification Fund?

Almi's Verification Fund is earmarked for answering critical questions, thereby reducing the risks associated with developing your innovative business idea. You will have the opportunity to explore and test your idea, gather valuable data and information, and ensure that you are ready to take your project to the next level.

The Verification Fund is primarily targeted at startups or established companies with an innovative business idea in the development phase. However, this opportunity is not limited to companies; individuals with an innovative business idea with great potential can also apply.

Almi's Verification Fund is earmarked for answering critical questions, thereby reducing the risks associated with developing your innovative business idea. You will have the opportunity to explore and test your idea, gather valuable data and information, and ensure that you are ready to take your project to the next level.

Whether you are a company striving to break new ground in the market or an individual with the vision to change the rules of your industry, Almi's Verification Fund can be instrumental in realising your business idea and creating a sustainable future for your project.

For example, this may involve:

  • verifying customer needs and market potential;
  • third-party testing and validation of the solution;
  • concretizing your idea and visualising the offering at an early stage through a minimum viable product (MVP);
  • encouraging established companies to initiate innovative projects; or
  • making the project financially viable by using a grant from the Verification Fund to obtain the necessary data and answers to obtain alternative forms of financing.

What can grants from the Verification Fund be used for?

Whether you are a company striving to break new ground in the market or an individual with the vision to change the rules of your industry, Almi's Verification Fund can be instrumental in realising your business idea and creating a sustainable future for your project.

Grants from the Verification Fund can be used to purchase external services for one or more of the following purposes:

  • Verifying customer needs
  • Market overview
  • Competitor/industry analysis
  • News review
  • Freedom to operate (FTO)
  • Patent feasibility assessment
  • Technology overview
  • Developing an initial minimum viable product (MVP)
  • Addressing legal and regulatory issues

Grants from the Verification Fund CANNOT be used for:

  • Travel expenses
  • Business entertainment
  • Marketing
  • Training
  • Patent application
  • Anything of enduring value, such as a prototype that can be sold

Definitions:

Freedom to operate (FTO)

A freedom to operate analysis ensures that you are not infringing on existing patents in the market when launching a product or in the development phase of a new product.

Minimum viable product (MVP)

A minimum viable product (MVP) is a version (prototype) of a product with just enough features to be usable by early customers who can then provide feedback for future product development. Obtaining insights through an MVP is often more cost-effective than developing a product with more features, as it reduces the risk of drawing incorrect conclusions that could lead to product failure.

Can I apply for a grant from the Verification Fund?

Yes, if you have an innovative idea then why not get in touch with us here at Almi?

One of our expert advisors will go through your innovation with you and assess whether it qualifies for a grant from the Verification Fund, in which case the advisor will guide you through the application process.

The amount of the grant will vary depending on which county you are operating in.

You can also get in touch with us

Would you like to speak with one of our advisors about your company's situation and explore what the best solution is for you? Fill out the form below, and we will contact you shortly to find a time that suits you for a meeting, either digitally or in person.

The meeting is entirely free of charge, and you are not committed to anything other than a path toward sustainable growth!

Contact us

Book an initial meeting with us today. It is entirely free of charge and you are not committed to anything other than taking the first step on the path toward sustainable growth.

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We may not have the solution you need

Almi is a state-owned enterprise and our mission is to smooth the way for you and all of Sweden's entrepreneurs. Sometimes, we may not be able to offer the solution you need.

In such cases, thanks to our extensive network we can refer you to another institution or agency that may be able to assist you with your ongoing work.