Large increase in AI startups at KTH Innovation
The accelerated development of artificial intelligence over the past year is clearly visible at KTH Innovation, with over 40% of startups entering the pre-incubator program utilizing AI to build their solutions.
Every year, KTH Innovation meets up to 400 new ideas from students, researchers, and employees at KTH. Hannes Eder Öhrström, a business development coach in Digital Deeptech at KTH Innovation, has observed a significant rise in the number of ideas based on AI.
"Researchers and students at KTH have been working with artificial intelligence for a long time, but about a year ago, we noticed a substantial increase in ideas that, with the help of AI, have the potential to create very high value rapidly, he says. AI can fundamentally change conditions in various areas, from medical technology to new microchip architectures. It is exciting to follow this development closely".
This increase is evident among the eighteen new teams entering KTH Innovation's pre-incubator program, a twelve-month program for promising startups from KTH. Over 40% of these teams are developing their technology using artificial intelligence, including AI-generated podcasts, smart study tools, and software for precision medicine development.
Anxiety-free conversations
One such team is Utter, which is creating a solution for individuals wanting to learn a new language. In the Utter app, users can converse with an AI-based language partner, similar to a phone call.
"We are students at KTH, and many of us are learning new languages, says one of the founders, Victor Oldensand. However, finding someone to practice with and scheduling a meeting is challenging. With our app, you can practice more often and overcome the nervousness of talking to a real person".
Currently, the team is working on an English-speaking version, with plans to add more languages in the future, including French, Spanish, and German.
Approximately 10% of the teams supported by KTH Innovation are accepted into the pre-incubator program. Over 300 teams have gone through the program, including successful startups like Flox and Volta Greentech.
Hannes Eder Öhrström, responsible for the new batch, looks forward to guiding the nineteen companies through about forty workshops in the coming year.
"It's easy to get caught up in the latest hot startups from Silicon Valley, says Hannes. However, every year when we launch a new batch in our pre-incubator, we are reminded of the strong environment for innovation and creativity that Stockholm, in general, and KTH, in particular, provide".
Text: Lisa Bäckman
The teams in Batch 18
2Witness
2Witness develops a state-of-the-art secure communications platform for authorities, individuals, and companies. The aim is to make it possible for anyone affected by crime to testify fully anonymously.
Accord
Accord is a user-friendly organizing app that tracks and gamifies household chores, offering families clear insights and effectively cutting down the tension and debates surrounding task distribution.
Agteria Biotech
Agteria Biotech wants to help solve climate change by offering a scalable, patent-pending feed additive that achieves a 92% reduction in methane emissions at an affordable price.
Alterspace
Alterspace aims to offer a dynamic platform where businesses with surplus office space can effortlessly connect with those in need of flexible, short-term rentals.
Cellufy
Cellufy focuses on sustainable industrialization through the development of fully bio-based materials as barriers for the guidance of fish past hydropower plants.
DigiPlan
DigiPlan develops software for the automatic translation of regulations from older zoning plans to today's legal and digital equivalent.
Hemnio
By offering a platform for direct purchase and sale of homes without the need for traditional brokerage services, Hemnio wants to redefine the real estate market.
Lajja Design Tech
Lajja Design Tech has developed EasyScale, a scale for healthcare professionals that transforms any chair into a scale. Through its unique design, it can easily be brought along to the patient for safe and secure weighing.
Lingoberry
Pioneering a dedicated approach to Swedish language acquisition, Lingoberry harnesses the power of AI-driven dialogues to enhance students’ vocabulary and bolster verbal communication skills.
Mappi
Mappi is a digital study platform for upper secondary school students, featuring a big library of assignments with built-in AI powered study aids.
ML Genics
ML Genics’ machine learning-based software interprets, analyses, and reports genomic data faster, cheaper, and more reliably than traditional methods.
Morningstar Therapeutics
Morningstar Therapeutics' rolling microneedle particles enable novel pharma and beauty applications, increasing both effect and comfort for our users.
Pillai
Pillai aims is to revolutionize health literacy with an AI-powered mobile app designed to transform intricate medical text into easily digestible and personalized information.
PodPerfect
PodPerfect is an AI-powered app generating one-of-a-kind listening experiences. They want to provide tailored content that aligns perfectly with users’ input preferences. Don’t search for your perfect pod, create it!
Rebaba
Rebaba upcycles spent EV batteries into safe and cost-efficient 2nd life Battery Energy Storage Systems (BESS).
SecureTag
SecureTag is building an authentication and digital ownership platform for luxury items, utilizing NFC-enabled digital product passports.
Utter
Utter helps language learners improve their conversational skills with a realistic AI-based language partner. Like a phone call, but without the anxiety that comes with talking to native speakers.
Wilma
Wilma is building an AI-powered Legal Assistant to make all your legal needs affordable, quick, and simple. Using their service, you will be able to create, negotiate, review, e-sign, and store contracts, and ask legal questions, all while ensuring top-tier security, centralization, and anonymity.
More about the teams in Batch 18