CampX by Volvo Group is present in four hubs in different locations around the world: Gothenburg in Sweden, Bangalore in India, Lyon in France, and Greensboro in the USA. These hubs have been strategically chosen to take advantage of the local strengths and resources available in each location. By having hubs in these different regions, we aim to leverage the proximity to the R&D teams and other local resources to foster collaboration, innovation, and development.
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
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 Venture Client Program
The CampX Incubator Program
Sponsor-driven innovation: a people-centric approach
Find all CampX related articles here.
2024
Special award for Interconnected Innovation Model.
2023
Top 100 Corporate Stars
2023
Best Accelerator/Incubator program
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.
Read more here.
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.
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Press release
Fyrqom webpage
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.
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.
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 venture client. A steady team and some secured funding to support product development is almost always required as well.
