24 February 2020
The companies that used the Krinova Innovation Arena together created 500 new jobs in 2018, and had turnover growth of 13% for 2018 and 39% accumulated over a four-year period. These are some of the figures presented in Krinova’s Impact Report for 2018, a report that describes the impact of Krinova’s collective operations.
The impacts presented in the report are the sum of Krinova’s three operational areas and their contribution to business development. Meeting Point with 26,000 visitors to 1,700 activities and over 100 companies as tenants, Profile Area Food/Environment/Health with total project assets of SEK 47 million, and Innovation Arena with an inflow of more than 60 new companies.
Krinova’s Innovation Arena offers incubation support to new companies and innovation support to growing companies. The support is offered to all types of companies in northeastern Skåne that have up to 250 employees, to food-related companies throughout Skåne, and to university students and researchers. Innovation Arena is funded by the six municipalities in northeastern Skåne, Region Skåne and Kristianstad University.
“The impacts we see are the result of long-term work. One clear way of seeing this is by looking at the venture capital that companies of the Innovation Arena attracted. In 2018, there was a 600% increase in attracted venture capital compared to the previous year. One explanation for this sharp increase is that companies that received support for a number of years have now reached a level of maturity that makes them interesting candidates for development funds and investments. This is especially true for new food-related companies, where we also see accelerated interest in investing in food companies,” says Charlotte Lorentz Hjorth, Managing Director of Krinova Incubator & Science Park.
Return on public funds invested in Krinova’s operations. “Return on investments” (ROI) was just over five times the amount for each SEK of public funds invested in Krinova in 2018. The ROI is a result of the increased turnover and of the jobs created in the companies, and thereby the increased tax revenue in the form of corporate tax, social security contributions and payroll tax.
visitors to meetings and conferences
More than 100 tenants at Krinova
Food-related companies in the food community
More than 500 companies have received innovation and development support