Investment in internalization

In 2015, Uppsala Innovation Centre, Lund Life Science Incubator and the incubator at Sahlgrenska Science Park invested in successful companies that they thought would have the potential to succeed in the international arena. SCRO was one of the five selected companies in the Uppsala-Stockholm region that took part in the internationalization programme, which was partly financed by the Swedish Agency for Economic and Regional Growth.

“We selected service companies that we believe have the ability to flourish internationally and can benefit significantly from our help,” says Per Bengtsson, CEO at Uppsala Innovation Centre (UIC).

A total of 15 companies in Sweden, linked to the three incubators in Lund, Gothenburg and Uppsala, took part in the internationalization programme in 2015. Among other things, the companies were given access to business coaches with extensive international experience and leading positions in large companies and SMEs.

“Sweden’s domestic market is relatively small, and there is a competitive disadvantage compared with companies in the USA, for example, which have a huge domestic market. If you want to grow as a company, you have to broaden your horizons and look beyond Sweden,” says Per Bengtsson.

At Scandinavian CRO, the investment was very timely.

“It was just the right time for us. It came just as we were about to start up in both Norway and Finland,” says Ulrika Hammarström Lüllmaa.

To help accomplish its internationalization, SCRO also received SEK 250,000 from the Swedish Agency for Economic and Regional Growth.