Loans dilute ownership. Venture capital demands an exit. There's a third option. ChatGPT finds ~35% of available grants, we find the rest. Vinnova IS, EIC Accelerator, Almi, Eurostars and regional funds, ranked by your TRL.

Hear about Vinnova IS days before deadline from a friend.
The EIC template takes two days just to understand.
Almi, Tillväxtverket, regional funds, fragmented.
Consultant fees of 50–150k for one application.
Pitch is ready, but fit with the programme is off.
Selma knows the difference between Vinnova IS Step 1 and Step 2, between EIC Pathfinder and Accelerator, between Eurostars and a bilateral Innovation Fund.
Step 1 (300k) & Step 2 (up to 5 MSEK)
€500k grant + €0.5–€15M equity
Bilateral R&D, SME-friendly
Innovation loans, micro-loans, venture capital
Business development, internationalisation
Climate, energy, green transition
Describe the project, Selma ranks the calls and drafts.