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LCubed AB is delighted to announce that its award winning iGrant.io platform has been chosen by Vinnova, the Swedish Governmental Agency for Innovation Systems, for the Innovative Startups Stage 2 award. The award is offered only to companies that were awarded grants under Startups Stage 1 and is open to newly started small and medium-sized companies that want to grow in Sweden and have a unique proposition in an international perspective.

iGrant.io is one of 15 startup projects receiving funding to develop innovative solutions that can reach the market and contribute to Sweden’s development and competitiveness. In the context of the EU’s General Data Protection Regulation (GDPR), a requisite for the success of the digital economy is that companies obtain consent for the collection, storage and use of personal data, much of which is a requisite to drive digitization. The stage 2 grant will be used to enhance the platform to enable data immutability and automation.

iGrant.io is LCubed AB’s cloud-based service for the transmission of personal data and consent that creates trust and transparency in the data sharing economy. In addition to lowering costs for regulatory compliance, such as GDPR, companies use iGrant.io to manage customer consent in a way that inspires confidence and brand loyalty as well as enables efficient personal data exchange in and across ecosystems.

Lotta Lundin, co-founder and CEO of LCubed AB, says: “We consider this a great validation of the relevance of the iGrant.io platform as well as an endorsement of our company’s role in bringing trust and transparency to the Internet. We are thrilled to get this second round of funding, and appreciate the supportive role that Vinnova plays in encouraging innovation in Sweden. Vinnova has been essential in helping our company take the next step in our journey.”

About LCubed AB

LCubed AB is a Swedish company founded in 2017 and based in Stockholm. It develops and markets iGrant.io, a cloud-based personal data and consent mediation platform that enables a fully transparent and trustworthy data sharing economy.It supports organisations, both private and public, to unlock the value of personal data in a fully compliant manner and to give individuals control to easily determine how their data is used. Apart from lowering the cost of legal compliance to data protection regulations, such as the GDPR, iGrant.io provides companies with a flexible solution to both establish and maintain trust with their customers based on transparency and respect in how personal data is used.

For more information, please visit iGrant.io and @iGrant.io as well as #consent, #GDPR, #GDPRCompliance, #dataRegulation, #RegTech, #personalData

To learn more about Vinnova, go to https://www.vinnova.se/en/p/igrant.io-ii/

For marketing & media queries:
David Goodman, Chief Evangelist, LCubed AB, Sweden
T: +44 7866 360 800
E: david@igrant.io