VINNOVA funds research and development projects in small and medium-sized companies through Forska&Väx. The total annual investment is SEK 120 million.  Companies can apply for three types of funding: implementation of R&D projects, preliminary studies ahead of R&D projects and identification of needs prior to R&D projects. The companies themselves have to contribute at least the same amount of money towards the funding of their R&D projects.

In the first round of Forska&Väx this year, 69 small businesses are receiving total funding of SEK 80 million.  Three hundred and eight proposals for a combined sum of SEK 420 million were received.
 
The Göteborg region was allocated SEK 9,795,000 for the following R&D projects:

Enmesh, Göteborg, SEK 1,800,000. Easy-to-use software tool for the simulation, design and optimisation of products.
 
I-Tech, Göteborg, SEK 4,450,000. Environmentally sound antifouling paints.

SETEK Elektronik, Mölndal, SEK 3,545,000. Diagnostic instruments for electrical systems in cars.

In addition, 30 companies are receiving funding for preliminary studies prior to R&D projects, verification or smaller R&D projects, and seven of these are in the Göteborg region:
 
Albireo AB, Göteborg, SEK 500,000. Topical medicines for treatment of inflammatory diseases.
 
Aluwave AB, Mölndal, SEK 485,000. Better and lower-energy lighting for the forestry industry.
 
BlueMobileSystems AB, Göteborg, SEK 390,000. Advanced GIS functions for crime control.
 
Gotmic AB, Göteborg, SEK 500,000. Microwave circuits for next-generation radio links.
 
Lanark, Göteborg, SEK 500,000. Combined technology and product design for barrier systems on city approach roads.
 
Layerlab AB, Göteborg, SEK 470,000. Technology for measurement of activity across biological membranes.

MinestoAB, Göteborg, SEK 406,000. Development of technology for tidal power plants.