Last time we sent our newsletter, we didn't expect that we, a month later, would be experiencing and living through an unprecedented time. At Sting, our biggest focus is always to support the Sting companies, and during the last few weeks – this support has been crucial. Through webinars and online workshops, we have focused on helping our companies to find creative ways to generate new revenue streams, tighten budgets, attracting investors and keep teams in good spirits during the crisis.
Some of the startups are experiencing an increased demand, but most of them have been hit hard. However, besides the obvious pain the pandemic causes, a crisis can also be a trigger for changes that will prove positive in the future. I am impressed by how fast many of the Sting companies are adapting and turning challenges to opportunities.
Also, we see a newfound strength in our team and among our companies to not only save our own businesses but to help people around us. The importance of community has been emphasized. Over and over, we see signs of the true meaning of what entrepreneurs are and do; see new opportunities, take risks, challenge, act and execute ideas.
I want to thank the whole Sting team, our partners and the Stockholm startup ecosystem for reacting so fast and for being there – kudos to you! We will come out of the Corona crisis stronger than before and with a bigger motivation than ever to do great things. If you have ideas on how to further strengthen our startup ecosystem – please get in touch. And also, have a Happy Easter!
Ugglo, the audiobook service for pre-schools and schools, reaches 120 000+ paying users. Ugglo has also launched their popular audiobook service for consumers to help kids to read and learn while staying at home. As a Sting friend, you can register by using the discount code: sting20
These Sting companies can help during social distancing
Startups across Sweden are offering their help in the battle against Covid-19 and with ways to help us cope with the new era of social distancing. Here is a list of amazing Sting companies that are offering their services and digital solutions to help you to stay at home and fight the pandemic.
Register for Online Game Investor Session on April 22!
Game startup looking for funding? Game Investor Session is a unique opportunity to meet high profile investors who are actively seeking game companies to invest in. If you are a startup creating the next global hit game or the next generation of game tech and are currently in need of funding, sign up no later than April 14.
Seven investors and seven game companies will be selected. Apart from the possibility of getting funding you will also get feedback on your business idea. Read more and apply here
Our friends who are helping startups during these challenging times
Action Against Corona by Norrsken
Do you have a startup or an initiative that can improve the situation? For the sick, for the healthcare system, or for the billions of people whose lives are affected? You can now apply for support from Norrsken's Action Against Corona initiate. They can help with capital and give support through their network and partners.
Sweden Tech Connect
Many employees are currently being let go while other companies are struggling to find talent to scale — we cannot have this inefficiency. Sweden Tech Connect is a COVID-19 pro-bono initiative by Karin Bjerde, Andreas Wennberg, Mia Mattson and Raman Ramalingam. It's a meeting place to match people with opportunities.
Startup Survival Survey by Startup Sweden
Our friends at Startup Sweden have gathered relevant information on the issues startups are experiencing or anticipating due to COVID-19. 667 Swedish startups completed the survey and you can read the main results here.
Situation room by byFounders
Our friends at byFounders VC have launched a new virtual series of meetups for startup founders: the Situation Room where they’re inviting knowledgeable people to share their views and insights during these strange times. You can read more and sign up to the upcoming online meetups here.
Upcoming events and application rounds
Startups and scaleups, please take a few minutes to fill in this survey about the effect of the Corona Crisis. The results will be delivered directly to the Swedish Government. The more answers we get, the more weight will be given to the input in the eyes of decision-makers!