Are there costs associated with the corporate incubator?

Yes, we will charge a reasonable fee for using our services, comparable with renting an office in any inner city or science park. Our business model revolves around this fee, grants from governments and funding from Volvo Group. The incubator does not take equity.

First, you need to check a few boxes: are you a founding team working fulltime in the startup with a majority of the shares and have freedom to operate? And are you active in the sustainable mobility industry with a hardware or deep-tech solution? Then you can apply here .

Is it mandatory to move to the Volvo Group CampX hub in Gothenburg, Sweden?

Yes as we really want to be physically close to each other, but we are looking into fully remote and hybrid solution for the future.

Is it mandatory to incorporate in Sweden?

No, but we highly recommend it. Being incorporated in Sweden means you are more interesting for local investors and it is easier to work with local actors. There is also possible to apply for research and development grants.

Why do you need a startup venture client?

A startup venture client empowers promising startups by providing mentorship, facilities, expertise, connections, and sometimes capital that they might not have been able to access otherwise. It increases the odds for a startup to take off and realize their goals.

The startup innovation hub
CampX by Volvo Group

What makes CampX by Volvo Group truly unique is the ability to support your startup at every stage of your company journey, providing resources and guidance needed to thrive in our open innovation model. From nurturing ideas in the Incubator to collaborating on proof of value projects through the Venture Client, and even building new businesses with the Venture Builder, we offer a comprehensive ecosystem that fosters innovation and growth. CampX is global and have hubs in Sweden, India, France and US.

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Startups – Apply to CampX

Ecosystem partners - contact-us

Venture Client
Incubator
Venture Builder
Our Innovation Model
Proof Points

Startups – Co-create with us

Are your startup working within the sustainable mobility area developing a product or prototype?

Apply to the Volvo Group Venture Client to co-delevop and validate your solution. The projects are always connected to an immediate need or opportunity in our departments, and you will gain direct access to our engineers and managers. Thanks to the lean framework, a proof of value project will be set up as fast as possible. The CampX Venture Client has more than 150 Proof of Value projects with different startups in the portfolio, will you be the next?

Why should you be part of the CampX venture client program?

In our venture client, we launch & run projects with partners within the sustainable mobility area. Together we will design a proof of value project with the operational department(s). By joining our venture client, you will gain the support of a world-leading enterprise within the transport industry, empowering and helping your business accelerate and grow while you develop your solution. You will also have access to our trucks, facilities, and data if required.

Speed and simplicity are key

The goal is to create and get a shared proof of value project up and running as fast as possible. If we select your startup for our venture client, we will design a proof of value project together with the operational department(s). We walk you through the necessary steps to give you the opportunity to highlight your product and its unique features. Proof of value projects typically are within the 3-6 months range, fast and simple!

Gain Volvo Group as a customer

The CampX venture client is your gateway into the future of sustainable mobility and Volvo Group will be your customer during the process. You will develop solutions addressing problems and challenges in the sustainable mobility area. With Volvo Group as your customer, we will help you create the best version of your solution to incorporate in our products and solutions.

Startups – Apply to CampX

Ecosystem partners - contact-us

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Our scouting partners

MobilityXlab

MobilityXlab is a collaboration hub that was founded in 2017 byVolvo Group as well as other global companies to create and develop new innovations within future mobility – with each other and with startups.

LINK INNOVATIONS

Link Innovations is an innovation platform connecting corporates, startups, and investors to drive meaningful partnerships and CampX India is working with Link to match current challenges and opportunities with startup technologies.

We are looking for early phase startups

Are your startup developing solutions in the sustainable mobility area with focus on hardware and complex software solutions?

In the CampX Incubator you will work side by side with the R&D teams of Volvo Group in the CampX innovation hub in Gothenburg, Sweden and have the possibility to co-create and validate your ideas quickly with real business needs. You also have the benefit of receiving mentoring from our chief engineers and senior managers as well as from former Volvo Group-employees-turned entrepreneurs in a strong peer-to-peer community of founders.

What does the CampX Incubator do?

We help deep-tech entrepreneurs capture their uniqueness and offer instant customer validation. We also open up to the corporate network. The goal of the incubator is to validate solutions as quickly as possible, to give you the necessary support in the process and to create sustainable solutions that will change the mobility industry.

What companies are we looking for to join the startup incubator?

For the CampX incubator, we are looking for early-stage startups: a team of full-time founders with a majority share, a freedom to operate, and a reasonable runway.
You need to develop a solution in the sustainable mobility industry focusing on hardware and/or complex software solutions.

What do I get if joining the Incubator?

Access to our offices, labs, and workshops
Access to Volvo Group experts and mentors
Access to our public and private funding network
Peer-network with startups in your industry
Potentially gain Volvo Group as a customer
No additional programs or obligatory workshops
An open, collaborative and hands off approach

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Startups – Apply to CampX

Ecosystem partners - contact-us

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One of our startups in the Incubator

Roman lustin CEO - Fyrqom

Meet Roman, founder of one of the startups in the CampX Incubator.

With a tire pressure monitoring system, the driver is informed if one of the tires loses the pressure. Today rather few heavy-duty vehicles are equipped with such a system. From 2024 though there is a legal demand in Europe that all trucks and trailers should have such a system. Today the tire pressure monitoring system must be calibrated manually on every truck when they are built and when a tire is changed in a workshop. Roman Iustin, a Volvo Group engineer, had an idea on how to make this process more efficient with an automated calibration system.

Our incubator startups

Lean framework and cross functional teamwork

Through the CampX framework and Venture Builder process the Volvo Group product and business owners get support to validate and bring forward cases with high business potential. If market value is proven high a new venture is created, either inside Volvo or externally as spin out. Key to get speed is the cross functional established CampX network with Legal, IP strategy and Group Finance as well as Purchasing.

From idea to product on the market

An idea/innovation can come from a Volvo Group Engineer/ Intrapreneur or IP portfolio. The Intrapreneur and Venture Builder core team will then validate the idea/innovation by testing the business case, technical feasibility, customer demand and much more. After the validation phase the team will start the work to turn the validated concept into a real product in the market.

The next step is to take the decision to go for spin out or fast track. Here the Venture Builder can support the company or hand over to line organization.

Two spin outs from the Venture Builder

In our Venture Builder you find two successful spin outs in the form of the companies Cetasol and Fyrqom. Both companies sprung from proof of value projects where the solutions were tested in a fast and simple way. It turned out that the solutions had a high business potential and together with the CampX network a business validation was done. The validation phase was positive, and a decision was made to spin out to new companies. The two companies are now part of the CampX Incubator.

The CampX innovation model

What makes CampX by Volvo Group truly unique is the ability to support your startup at every stage of your company journey, providing resources and guidance needed to thrive. From nurturing ideas in the Incubator to collaborating on proof of value projects through the Venture Client, and even building new businesses with the Venture Builder, we offer a comprehensive ecosystem that fosters innovation and growth.

One-minute video about the Innovation Model

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Read the full CampX Innovation Model here

Deep dive into the Innovation model

In this series of articles you get a deep dive into the different parts of CampX Innovation Model.

Why the CampX Innovation Model

The CampX Engagement Programs

The CampX Venture Client Program

The CampX Incubator Program

Sponsor-driven innovation: a people-centric approach

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Novum Tech – electric retrofit

The aim of the project was to assess the environmental, technical and economic feasibility of electric retrofitting for heavy goods vehicles. The project was enabled through collaboration with Novumtech, a startup with expertise in battery design and production, and with financial support from the ADEME, the French Agency for Ecological Transition

The next milestone for this project is certification of the converted truck in order to validate compliance with current regulations. Once this approval has been obtained, Renault Trucks will begin a phase of tests under real operating conditions in partnership with Clovis Grand Paris in France.

Volvo Roof Light (VRL)

Volvo Roof Light (VRL) is an innovative solution that includes specially designed roof lights with sensors. VRL supports Volvo Group’s safety value and provides drivers with additional comfort when driving in dark zones. VRL automatically turns off the vehicle's extra lights to prevent drivers of oncoming traffic from being dazzled. VRL was developed by Volvo Group in collaboration with partners, using an existing patent and exploring ways to validate the technology. The process of bringing the product to market took less than 12 months, which is faster than usual. VRL is currently available in the Nordics through the Volvo dealer network. This was made possible by close collaboration with several stakeholders, and the decision process was accelerated by the CampX by Volvo Group’s Venture Builder. With VRL, Volvo Trucks customers can enjoy better safety, visibility, and an enhanced driving experience.

Foretellix - extended partnership

After a successful Proof of Value Group Project in the CampX venture client, where the Foretelix portfolio and its potential value in confined areas was evaluated, Volvo Autonomous Solutions initiated an extended cooperation together with Foretelix. “Volvo Autonomous Solutions believes in a collaborative verification concept, one that uses open standards,” says Magnus Liljeqvist, Global Technology Manager Volvo Autonomous Solutions. “The partnership with Foretellix gives us access to the state-of-the-art verification tools and accelerating our time to market.

“We are very proud to partner with Volvo Group. This partnership is a significant milestone for the industry as it is the first time that large scale Coverage Driven Verification will be used for verification of ADS in confined areas. Our partnership will combine the expertise of the two companies and set a new standard in the verification of automated driving systems, boosting both safety and productivity,” says Ziv Binyamini, CEO and co-founder of Foretellix.

Fyrqom AB - Automated calibration system for tires

With a tire pressure monitoring system, the driver is informed if one of the tires loses the pressure but today rather few heavy-duty vehicles are equipped with such a system. Roman Iustin, a Volvo Group engineer, had an idea on how to make this process more efficient with an automated calibration system. Through campX, the Volvo Group’s global innovation arena for technology and business transformation, Roman Iustin got support to validate the solution and business potential. The validation showed a high customer value and with the solution being slightly outside current Volvo Group’s business, the decision was to make a “spin out” and build a new venture. This was done with speed using the CampX concept with support from many areas within the Volvo Group, like Legal, IP strategy, Finance, Tax, HR and Purchasing.

Read more:
Press release
Fyrqom webpage

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Cetasol - Minimize emissions and maximize efficiency

Pilot tests performed with a Volvo Penta customer showed a significant fuel reduction. The idea was lifted out of Penta to be further evaluated in CampX & it was decided to spin off into a company of its own. The iHelm idea came from within the new technology development team at Penta, led by Ethan Faghani. By initiating cetasol , Penta and Qamcom Group are investing in the start-up of the company which will be led by co-founder Ethan Faghani. When bringing the i-Helm project to CampX it brought speed and focus to finding the right partner and set up the start-up company.

At CampX we work with speed and agility, trying to do things in new ways, all with the ultimate goal to accelerate innovation. Part of our scope is to support great ideas that come from our internal innovators.

2024 
Special award for Interconnected Innovation Model.

2023 

Top 100 Corporate Stars

2023

Best Accelerator/Incubator program

Startups – Apply to CampX

Ecosystem partners - contact-us

Frequently Asked Questions

Our corporate incubator is a way to work side by side with startups in relevant industries. Being close to each other will help to develop ideas, solutions, products, or services and to grow as a company. Both for startups as for Volvo Group.

Through the incubator, the startups are provided mentorship, connections, facilities, and quick customer validation.

Our incubator is there for the long(er) run. In the incubator, we focus on early-stage startups and help them quickly validate their solution directions. We work side by side and we ask you to relocate your office to our campus. Our Venture Client “accelerates” the growth of an already established startup with a product or service. Having a product or service ready for use is therefore a necessity for our accelerator. A steady team and some secured funding to support product development is almost always required as well.

The role of a corporate incubator is to open up its corporate social network. Startups might otherwise have not been able to access it. Corporates are often active in only one specific industry and know all the key players. Opening up that network and working side by side is a priceless experience for startups. In this way we are different from university-based incubators: they are often technology and industry agnostic, and it is therefore hard for them to support customer validation.

We will not interfere with your customers, your IP or your (potential) investors, and taking equity is not part of our incubator offer. We strongly believe in an open approach and a collaborative mindset and that by keeping our hands off we will create the most value together. Of course, if you want us to, we will happily talk about being your first customer, your strategic investor or your advisory board member!

Our goal is to build an ecosystem of corporates and startups around sustainable mobility. Therefore, your startup success is our success. We have numerous technical challenges at Volvo and it would be great if incubated startups can help solve them, or discover opportunities together with us in this exciting industry, in the short term or the long term. The more successful you are as a startup, the higher the chance you can contribute to solutions.

We are located in the CampX building on the Lundby campus in Gothenburg. Here we have co-located R&D engineers working within the areas of, Electromobility, Volvo Autonomous Solutions, Hydrogen Volvo Energy. The whole building has adopted an activity based approach, but a certain area of the building will be allocated to startups where you have “your own space”. Access to our labs, workshops and demo vehicles is part of the offer.

A startup venture client is a collaborative program running co-creation projects with startups to help them grow and develop their ideas and solutions. The primary purpose is to help the companies be able to work independently. This is achieved by providing mentorship, facilities, expertise, connections, and sometimes capital that the startups might not have been able to access otherwise.

Through the incubator, the startups are provided mentorship, connections, facilities, and quick customer validation.

The startup innovation hub ​ CampX by Volvo Group​

Startups – Co-create with us​

Why should you be part of the CampX venture client program?​

Speed and simplicity are key​

Gain Volvo Group as a customer​

Our scouting partners​

MobilityXlab​

LINK INNOVATIONS

Frequently Asked Questions

What is a corporate incubator?

What is the difference between the Incubator and the Venture Client?

What is the role of corporate incubators?

How does your hands-off approach work?

Are there costs associated with the corporate incubator?

What are your KPIs / How do you measure success?

Where can I apply?

Is it mandatory to move to the Volvo Group CampX hub in Gothenburg, Sweden?

Is it mandatory to incorporate in Sweden?

What do the facilities look like?

What is a startup venture client?

Why do you need a startup venture client?

What is a corporate incubator?

The startup innovation hub
CampX by Volvo Group

Startups – Co-create with us

Why should you be part of the CampX venture client program?

Speed and simplicity are key

Gain Volvo Group as a customer

Our scouting partners

MobilityXlab