The finalists, selected from over 200 small and medium-sized Swedish companies, represent scalable solutions contributing to the green and digital transition.

“Our technology addresses a critical global need in neonatal care. This nomination brings valuable international exposure and opens doors for future global expansion. We are proud to represent Swedish technology innovation and honored to be part of the official Swedish delegation to Expo Osaka,” says Hanna Sjöström, CEO of Neola Medical

“The nominated companies address real-world challenges, from reducing emissions in the steel industry to revolutionizing healthcare. Through this award, we aim to support the internationalization of Swedish companies and demonstrate that Sweden offers scalable solutions for both the green and digital transition,” says Madeleine Sjöstedt, Director-General of the Swedish Institute

Public voting is open until May 12 at www.pioneerprize.com. The winner will be announced on Sweden’s National Day, May 14, during the Business Summit at Expo Osaka, and will present their innovation to the Swedish business delegation.

About the Pioneer Prize
The Pioneer Prize is organized by the Swedish Institute in partnership with Business Sweden to promote Sweden’s most promising innovation companies globally. All eight finalists are alumni of Business Sweden’s Catalyst program, a scale-up initiative supporting international growth for high-potential startups across life science, energy, industry, and tech.

The 2025 Pioneer Prize finalists
Neola Medical – Life Science
Blue Ocean Closures – Packaging
Candela – Transportation
Cemvision – Industry
Corpower Ocean – Energy
Elonroad – Transportation
GreenIron – Industry
Modvion – Energy