Serendipity Innovations and HM King Carl XVI Gustaf participate in IVA’s Royal Technology Mission 2012 to the Czech Republic

Serendipity Innovations' CEO, Saeid Esmaeilzadeh, is participating in the Royal Swedish Academy of Engineering Sciences' (IVA) annual technology trip known as the Royal Technology Mission. This year's destination is the Czech Republic. HM King Carl XVI Gustaf is participating in and supervising the mission, which is led by IVA's chairman Leif Johansson. One highlight in the program is a visit to the Czech production facility of Diamorph, an advanced materials technology company owned by the Serendipity Ixora Fund.

- We are proud to be able to show Diamorph's production facilities. The Czech Republic is an ideal country for industrial production and a qualified workforce, relatively low wages and a central location in Europe. Diamorph's facility is located in Pilzen, 60 kilometers from the German border, says Saeid Esmaeilzadeh, CEO of Serendipity Innovations.

The purpose of the RTM 2012 to the Czech Republic is to get an insight into the strategies, initiatives and opportunities in an EU country that has an industrial, technological and academic tradition that has a lot in common with Sweden.

- The theme for this year's trip is to study how an old industrial country with a profile similar to Sweden's is transforming into a knowledge-based economy, says IVA's CEO Björn O. Nilsson, who is also attending the trip.

IVA stands for the Royal Swedish Academy of Engineering Sciences, and the king of Sweden is the academy's principal patron. IVA's Royal Technology Mission annually gathers some of Sweden's most important representatives in business, government and academia in order to orchestrate a journey to a country or region that is interesting from a Swedish research or business perspective. The first Royal Technology Mission was organized in 1984. The destination was the United States. The trips are intended to result in new contacts that, in the long term, can bring about a greater exchange of ideas and business. Thanks to the king's involvement, the delegation has the opportunity to visit representatives from companies, government agencies and research institutions of the highest level. The program for the mission comprises seminars, meetings and visits to Swedish companies.

For more information:

Saeid Esmaeilzadeh, CEO of Serendipity Innovations

Joakim Rådström, Media Relations Manager of IVA

Serendipity Innovations AB is a venture management and venture capital firm based in Stockholm. Serendipity has more than 10 companies in its portfolio and approximately 140 employees in its group of companies.

For more information:

Omid Ekhlasi, Chief Communications Officer Serendipity Innovations

Mail: omid@sdip.se

Tel: +45 (0) 73-5252509