Ten Medical Design (10MD) receives funding from Vinnova, the Swedish governmental agency for innovation systems.
Sweden is dependent on new innovative development based companies, that can become future growth companies. Interest from private financing of early-stage companies is usually low as it involves high risk investments. Vinnova has established several funds for start-ups and early-stage companies, VINN-NU is one of the appreciated programs. 150 companies applied. 15 companies were selected. 3 of them were life science companies. One of them was Ten Medical Design in Gothenburg.
"With the help of this highly prestigous fund from Vinnova, we will continue our strategic plan towards commercializing a new material for radiation safety protection garments", says Fredrik Gellerstedt, one of the founders of Ten Medical Design.
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