What does ”business sector” mean?

The Knowledge Foundation funds education and research under the condition that the business sector makes an equivalent contribution.

By business sector, the Knowledge Foundation refers primarily to the private business sector. The concept, however, may include companies under public ownership that are active in competitive markets and where the company finances its operations in the same manner as companies in the private business sector. Hence, public subsidies or fees may not constitute a significant portion of the company’s revenues.

The organizations must primarily produce goods or services and may not be solely administrative enterprises. The organizations must have operations in Sweden to the extent that their engagement will generate value for the collaboration and have possibilities to integrate the results from the collaborations into their operations.