Minc: the heart of Malmö’s startup ecosystem
Minc is the startup house of Malmö, right in the heart of the city. Established in 2002 by the City of Malmö, Minc has provided a platform for hundreds of entrepreneurs, specifically tech founders, aiming to make a positive impact on the world. Being a not-for-profit organisation, Minc exists for the good of the community, with the founders at the centre of its mission.
Being a startup house and incubator, Minc offers a comprehensive suite of programmes for startup companies, tailored to the many various stages of the entrepreneurial journey:
- Minc Sprint: this is a 10-week programme designed to help entrepreneurs validate their business ideas through customer engagement, prototyping, and offer validation for the idea
- Incubator: the incubator is a year-long programme for startups with a verified business idea, minimum viable product (MVP), and a dedicated team, focusing on growth and scalability
- Fast Track Malmö: an accelerator programme that aims to assist regional startups in securing venture capital funding to elevate and help scale their business
Minc also offers a wide range of support, including coaching, workshops to help with ensuring your business is sustainable and able to grow, and offers a network of expertise.
Whilst the space offers plenty of accelerator programme and help to the startups inside of it, a huge element of the Minc experience is the community that has been established within the incubator.
Each startup rents office space within the historic building, and with that comes this community of like-minded entrepreneurs wanting to change the world with their innovations.
I spoke to Erik Rask, CEO and Founder of MedBeat, a startup that has developed a wearable, non-invasive device for continuous electrocardiogram (ECG) monitoring, about why he chose Minc as an office space. He commented: “Because of the community. Minc is a small startup house here in Malmö, so it’s not in the capital. There are a lot of startups here, and I just love being in the building with all of them. You can always get some quick meetings over a coffee. You have companies from all sectors, and you can get inspired, and have someone to complain to. We could find office space somewhere else, but we definitely couldn’t find the community anywhere else.”
Minimal App Founder and CEO, Jacqueline Nuwame, echoed this same sentiment: “[It’s about] relationships. I get to meet a lot of people.
“Minc was foundational, being in the location gave me a market value and validity; I think that Minc is seen as a stamp of approval. Secondly, I think being in Minc gave me access to additional resources, I've got to meet with VCs, investors, and people, just by them coming through the building.
“And then for me, just being in the building, I can work with people, and we can exchange ideas and talk.”