The minc story

We're right in the heart of Malmö

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An old town with
a bold plan...

Minc was set up by the City of Malmö in 2002 to fuel innovation. The city was still getting back on its feet after the 1970s shipyard crisis that wiped out tens of thousands of Malmö jobs.

To help spearhead the recovery, Minc was established as one of Scandinavia’s first startup incubator programs - just after the dot com-bubble burst, but well ahead of the rise of the new internet giants.

More than 15 years later, here we are

Since then, southern Sweden has been turned into a firmly established hotbed for innovation. Minc does not just host an incubator anymore, but also the award winning accelerator Fast Track Malmö, and Startup Labs, making it a startup house worthy the name.

Hundreds of startups have gone through the Minc incubator program and the startups that have set out in the Minc house have done everything from developing facial recognition technology for Apple to using their technology to uncover the Panama Papers. The Malmö region is now one of the most innovative regions in the world, and it has surpassed both Oslo and Helsinki in rounds of raised venture capital.

Why Malmö?

  • A city of only 350 000 people, everything in Malmö is accessible by bike - world class investors and mentors included
  • Malmö is located in a region with more universities than any other place in Europe, making talent easily accessible
  • With more than 190 nationalities, Malmö is the fourth most international city in the world (after London, NYC and Washington DC) - making it an excellent testbed for new, innovative products and services
  • Startups in the Malmö region has raised third most venture capital in all of the Nordics, only behind the tech giants of Stockholm and Copenhagen - the latter of which is 20 minutes away by train
  • And to top it all off, Malmö is exceptionally cheap - it’s 19% cheaper to run a business in Malmö than it is in Berlin

Minc & sustainability

  • It is our vision to be one of the leading startup houses in Europe
    At Minc we help startups and people to grow. For us, it is inevitable that sustainability is part of growth and that it is the way to reach longterm success. We support startups to be mindful about their resources, become profitable and at the same time be resourceful. Creating value for the common good lays in the very foundation and assignment for Minc as an organization. It is incorporated in everything we do. 
  • Minc’s sustainability strategy was adopted in 2020 and came into action in January 2021. Incorporated in the strategy, and in our vision and mission are our founding principles: Equality, Agenda 2030 and Diversity & Inclusion. The founding principles permeates everything we do. We are convinced that a successful start-up city needs to integrate sustainability broadly. For us this means guiding all kind of startups at Minc to sustainable longterm success. It is our goal that all startups in our programs contribute positively to Agenda 2030 by 2024.
  • ISO 26000 – For a better worldISO 26000 is an international standard focusing upon organisations social responsibility. Sweden has, as the first and only country in the world ratified the standard for including the UN sustainable development goals (SDG:s) with a self-declaration. Minc was on the 1st of September 2021 the first incubator in the world to be verified by this standard – a receipt and a strong proof that we are taking sustainability seriously and systematically work with it. Read our ISO 26000 Self-declaration here, and here you can read VERIFY Agency Swedens evaluation and assessment here. Read more here!

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