Vinnova has granted project funding to Speximo as part of the Innovative Startups program. The “Innovative platform for pharmaceutical formulations” project will be carried out in collaboration with Follicum AB, which has a substance that inhibits unwanted hair growth. Sweden´s innovation agency Vinnova has granted in total 35 million SEK to 117 Swedish start-up companies. These companies are considered innovative and competitive on an international market as reviewed by external experts.