The funding comes on the grounds of the Knowledge Foundation's belief that the technological sector has huge potential for trade and industry and the importance of a strong knowledge base at the university and high schools.
Minst specializes in micro- and nanotechnology and is the Knowledge Foundation's program for educating small and medium-sized companies about the opportunities offered by these new technologies. The aim is to identify small and medium-sized companies which have the potential for improving profitability by using micro- and nanotechnology components.
The Knowledge Foundation decided in 2004 on a two-year program with the possibility of extending it further. The work is led by Mälardalen University together with the research institutes Acreo and Imego and its initial budget was SEK 20 million.
Up until now, almost 500 companies have had contact with Minst. Around 40 of these have entered a competence development program for new technology.
The areas which, so far, have been selected are intelligent products including technology, food provisions and biotechnology.