Innovation & Novel Thinking


We want to do our part in strengthening the Nordic eco system for innovative companies. We want our investors to be able to participate in the value creation from more companies choosing the stock market as a platform for growth. Technology and innovation are core to solving challenges in sustainability, environment and social welfare. The Nordic innovation cluster is strong relative the overall size of the region, however fragile in a world of global competition.

We want to actively promote the stock market route for more successful entrepreneurs and companies. We will maintain our investment philosophy and modus operandi, but as independent fund managers we can become even more active in this effort. There are many clever technology investors around the globe, but our focus is to invest in technology and innovation with a Nordic perspective.


We believe that being an active investor who meets all the companies we invest in, have opinions and act a responsible manner are all key to sustainable value creation. Sound corporate governance has been an important cornerstone of Nordic companies’ ability to create shareholder value. As major shareholders in many smaller companies, we also have the opportunity to influence the companies through dialogue.

The purpose of our ownership policy is to safeguard the mutual interest of our unit holders and to promote long-term healthy value creation in the companies we invest in. The quality of the board of directors is important for the company’s future development. We therefore participate in nomination committees and prepare proposals for board members in the companies where the fund is among the largest owners. In addition to the nomination committee work, we exercise our ownership influence at meetings of companies where the fund is a major shareholder. Read more about our ownership practice in our principles for shareholder engagement (Swedish).



Fund management company for Core New Technology (Core Ny Teknik) is Teknik Innovation Norden Fonder AB (“TIN Fonder”, “The Company”). Carl Armfelt and Erik Sprinchorn are responsible fund managers.


TIN Fonder is a fund management company under the supervision of the Swedish FSA “Finansinspektionen”. The company received clearance for discretionary fund management in November 2019.


The company has an assignment agreement with Harvest Advokatbyrå regarding compliance. Anna Cumzelius is the compliance officer.

Compliance is mandated to ensure the company is following applicable rules and regulation as well as providing necessary information and support so that fund management is conducted within the existing rules and guidelines. Compliance reports directly to the board of directors and CEO.

Risk Control

The company has an assignment agreement with Wahlstedt & Partners regarding external valuation and independent risk control. Responsible for risk control is Tobias Färnlycke. Ola Björke is responsible for external valuation.

Risk control is mandated to examine and follow up on risks arising in the activities comprising operative risks, financial risks and external risks. The risk control function reports directly to the board of directors.

Internal Audit

Leif Lüsch, certified accountant and licensed accountant for financial businesses, is the internal auditor for the Company.

The task of the internal auditor is to evaluate whether the internal control mechanisms, systems and routines in the Company are adequate and effective. Internal audit shall also provide recommendations on measures to improve above functions and audit the implementation of these measures, reporting directly to the board of the Company.

External Audit

Öhrlings Pricewaterhouse Coopers is the Company’s external auditor. The principal auditor is the authorized public accountant Patrik Adolfsson.

The external auditor annually reviews the accounts and internal processes of the Company and reports directly to the board and CEO.

Central Functions

Carl Armfelt is responsible for central functions.


Björn Wendleby, lawyer at Harvest Law Firm, is the Company’s complaints officer.

Please contact the complaints manager of the company if you feel errors have been made.

Complaints should be directed to: kund@tinfonder.se

Remuneration policy

Read our remuneration policy here: TIN Fonder Ersättningspolicy (Swedish)

Best execution

Principles for shareholder engagement

Read our shareholder engagement policy here: : TIN Fonder Principer för aktieägarengagemang (Swedish)

Financial Information

Latest Annual Report: the company has not submitted its first annual report.

Information om Marknadssonderingar

In accordance with current market abuse rules (MAR-Market Abuse Regulation), TIN Fonder has appointed two special contact persons for market investigations.

For market sounding, Carl Armfelt and Erik Sprinchorn are contact persons.

Risk information

Historical returns are no guarantee of future returns. The money invested in the fund can both increase and decrease in value and it is not certain that an investor will get back all the invested capital. Further information can be found in the Fund’s fact sheet, information brochure, annual report and semi-annual report at tinfonder.se.

Information on the Swedish Act of Advisory

On July 1, 2004, a new law (2003: 862) was introduced on financial advisory services, the so-called advisory law. Because of the new law, it is important for all unit holders and all potential savers to know about TIN Fonder’s position on this issue. The main task of TIN Fonder is to be an active fund manager. Our funds are mainly marketed to private individuals, legal persons and institutions. This means that financial advice is not within the scope of TIN Fonder’s operations. Therefore, we will not document customer meetings or record our customer calls, which is a requirement for financial advice. It is important that our unit owners understand that our information is of a more general nature and should be seen as marketing, not advice.


Personal integrity

The Company handles personal information we attain when entering or during a customer relationship.

Read our integrity policy here: TIN Fonder Integritetspolicy (Swedish)


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Please note that Core Ny Teknik (”the Fund”) may only be marketed to retail and professional investors in Sweden, Norway and Finland.  The units of the Fund have not been and will not be registered in accordance with any securities legislation in the United States, Canada, Japan, and Australia. The Fund may not be offered or sold in the United States, Canada, Japan, Australia or in any other jurisdiction where such offer or sale is or would be unlawful. The Fund is not directed to persons whose participation requires additional information, registration measures or other measures than those required by Swedish law. It is incumbent on each individual who wishes to invest in the Fund to ensure that such an investment complies with relevant laws and other regulations, both in Sweden and abroad. Foreign laws and regulations may prohibit investors domiciled outside Sweden from investing in the Fund. The fund manager, Teknik Innovation Norden Fonder AB, has no responsibility whatsoever to verify that an investment from abroad has been made in accordance with the laws and regulations of the country in question.