LUND UNIVERSITY INNOVATION
in Brief 2019
From Ideas to Innovations
LU Innovation is the hub for innovation and commercialisation at Lund University. We support students and researchers to convert ideas and research findings into successful new products, services or methods.
Through VentureLab we stimulate innovation and entrepreneurship among students.
Through LU Holding, the University’s investment company, we can work operationally to bring new innovations to the market.
Together, we work to contribute to sustainable growth through the successful use of knowledge and research at Lund University.
How we do it
Mapping the situation – support to develop a sustainable plan.
Test, verify or accelerate
& legal support
Expert advice on patents, copyright, agreements and contracts.
Company formation, licensing deals and investments.
Contacts & network
Where to go and who
to talk to.
To inspire and to educate.
New solutions to societal challenges
Innovations do not necessarily involve patents and company formation, but rather transfer of know-how. The last couple of years, we have seen a number of great ideas from Social Sciences and Humanities and Theology. We have actively been working on how to support students, PhD students and researchers alike, across all faculties.
Is it all about the money?
The primary driving force among the researchers and students we meet is rarely money. However, nearly everyone needs funding to be able to drive an idea forward.
Through different financing opportunities, we can support and accelerate the ideas. By testing and verifying the innovative potential, we can reduce risk and improve market potential.
We offer different forms of financial support to enable testing, verifying or accelerating an idea. In 2019, 108 projects from students and researchers received financial support from LU Innovation.
The figure gives a simplified view of how the grants were distributed in the different phases for 2019. A specific project can occur, and receive funding, in several phases during the period.
How to create an innovative culture
We do not solely support ideas that can be commercialised.
We also actively work for an innovative culture at Lund University.
LU Innovation organises lectures, presentations and courses to inspire and educate. In addition, through activities such as Leapfrogs, Lund Innovation Challenge and the Future Innovations prize, we are able to encourage and reward students and researchers who wish to develop an idea and try entrepreneurship.
From research to start-up
In 2019, 21 companies were founded from ideas supported by LU Innovation. LU Holding became an active shareholder in 8 of these.
LU Holding, the university holding company, works operationally to bring innovations to market by investing in and supporting research-based start-up companies.
LU Holding invests in projects with significant international market potential and a unique concept that competitively solves a clear customer need.
AligND Systems brings affordable advanced nanowire platform technology to the biosensor market.
Our contribution to growth
In addition to the financial support, LU Holding engages in board work to help provide young companies with experience, contacts and strategic decisions. An investment from LU Holding also gives the companies credibility and access to a network of potential investors, contacts and partners.
Once the companies attract external investments, exit occurs by selling shares or by industrial sale. Any return on the shares is reinvested in new commercialisation projects and portfolio companies.
LU Holding invests at an early stage when there is considerable risk.
The combined annual figures for all companies in which LU Holding AB has held equity over the years. In 2018, the portfolio companies had a total net turnover of SEK 423 million, paid SEK 216 million in tax revenue and employed over 509 full-time equivalents (FTE). The portfolio companies raised a total of SEK 947 million in venture capital.