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InnoVentum wins public tender in collaboration with Business Sweden

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Swedish resilient and sustainable renewable energy solutions are finding their ways to off-grid rural areas in Asia. Business Sweden with its well-established network in the Asian Development Bank (ADB) has been a door-opener for InnoVentum and had a key role in their rollout on the Asian-market

InnoVentum is a start-up company that offers innovative wooden towers for renewable energy wind and solar power harvesting technologies. Their unique designs comprise of state of the art technologies in wood engineering; making them durable and quick to erect. InnoVentum wanted to expand their business to Asia and used Business Sweden’s support to succeed. 

In May 2014, Business Sweden organised a Disaster Relief Business Delegation for Swedish companies to meet with NGOs, UN-organs governmental agencies in the Philippines. The purpose was to understand the different procurements processes in the upcoming tenders and to promote their solutions.

Sigvald Harryson, CEO and Founder of InnoVentum were one of the participants in the delegation. During the delegation Sigvald showcased a pilot test that they had successfully installed in the outskirts of Manila. 

Continuous scouting for new business opportunities

To leverage more on the trip, Business Sweden advised Sigvald to extend his stay in order to meet with the ADB. Business Sweden has been working closely with ADB in various projects and had identified business opportunities for InnoVentum. As a result, Business Sweden introduced Sigvald to several key stakeholders at the Energy Division at ADB and supported him during the meetings.

“We would not have made it into ADB without the introduction and continued support byBusiness Sweden, especially from David Lantz”

-          Sigvald Harryson, Founder of InnoVentum

Sigvald has since visited ADB several times and been using Business Sweden for support. On 22nd May, 2015 InnoVentum managed to secure an ADB windpower project – one year after initial contact.