The Norrsken Foundation, one of Europe’s largest impact tech funds, has pledged €300 million to support European startups to back startups applying AI for tackling challenges in climate, health, food, education, and society. The funding will be distributed through Norrsken VC, Norrsken Launcher, and Norrsken Accelerator.
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Norrsken Foundation is a Swedish nonprofit organization founded in 2016, dedicated to supporting entrepreneurs and businesses that aim to tackle global social and environmental challenges.
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It provides resources like funding, mentorship, and networking opportunities to startups in sectors such as sustainability, healthcare, and education.
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Norrsken operates a co-working space in Stockholm and runs programs to assist startups scale their impact and create sustainable solutions for the world’s most pressing issues.
The Norrsken VC, Norrsken Launcher, and Norrsken Accelerator funds will invest €300 million in European startups applying AI to address major global challenges. These areas include climate, such as clean energy and emission reduction, health, improving healthcare systems and drug discovery, food, optimizing agriculture and reducing waste, education, and broader societal issues.
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