Swedish innovation is once again taking the global stage—this time through the newly launched Pioneer Prize – the beauty of Swedish innovation. Among the eight companies nominated for the award is Modvion, recognised for its sustainable and scalable wooden wind turbine towers.

A New Award Spotlighting Green Innovation

The Pioneer Prize, an initiative by the Swedish Institute in collaboration with Business Sweden, aims to highlight groundbreaking innovations from small and medium-sized Swedish companies contributing to the green transition. The prize focuses on scalable, forward-thinking solutions that tackle real-world challenges—from climate-friendly packaging to next-generation healthcare technologies.

Public voting is open until May 12, with the winner set to be announced on May 14, Sweden’s National Day, at Expo Osaka. The prize ceremony will coincide with a major Swedish delegation visit led by His Majesty The King of Sweden and Minister for International Development Cooperation and Foreign Trade, Benjamin Dousa.

Eight Companies Leading the Way

The eight nominated companies represent a range of industries, all with innovations geared toward a sustainable future:

• Blue Ocean Closures – sustainable packaging

• Candela – electric transport

• Cemvision – green industrial materials

• Corpower Ocean – wave energy solutions

• Elonroad – smart electric road systems

• GreenIron – emissions-free steel production

• Modvion – laminated wood wind turbine towers

• Neola Medical – neonatal health monitoring

All nominees are alumni of Business Sweden’s Catalyst program, which supports high-potential Swedish startups with international growth and market access.

Vote for Modvion

As one of the nominees, Modvion is being recognized for its innovative use of laminated wood to create wind turbine towers that are not only more sustainable but also more efficient to transport and assemble. Their solution offers a glimpse into the future of renewable infrastructure—cleaner, lighter, and rooted in Swedish engineering.

Vote for Modvion at pioneerprize.com before May 12 and support a greener energy future. A vote for Modvion is a vote for the planet.

Why It Matters

Sweden is consistently ranked as one of the world’s most innovative countries—particularly in areas connected to sustainability. The Pioneer Prize reinforces this position by creating international visibility for Swedish companies offering practical, export-ready solutions to global problems.

Winners and nominees will benefit from global media exposure, especially in Japan, the UK, USA, and Canada, helping to open new markets and attract international investors.

To learn more about the prize and all nominated companies, visit pioneerprize.com or follow updates on LinkedIn via Work in Sweden.