Ericsson is the primary private-sector sponsor of the Stockholm Challenge, a global networking program for ICT entrepreneurs. Co-sponsors include the City of Stockholm, KTH Royal Swedish Institute of Technology and the Swedish International Development Agency (SIDA).

The aim of the Stockholm Challenge is to spotlight how creative technical thinking and applied business skills can leverage the power of ICT to improve living conditions and increase economic growth around the world. Every other year the Stockholm Challenge Award is given to organizations and companies for outstanding applications of the power of ICT in sustainability work. To date, more than 3000 projects have been submitted for consideration in the contest.

Stockholm Challenge categories include Culture, Environment, Health, Public Administration, Economic Development, and Education.

Beyond the recognition the award brings to the winners—both globally and in local community exposure— participants from around the world are invited to Stockholm to take part in workshops aimed at crossfertilizing ideas around technology, funding and project implementation.