Business Finland is a Finnish government agency established in 2018, focusing on innovation funding and services to promote internationalization and travel. It supports research communities, industry, and service sectors, emphasizing a diverse approach to innovation that includes technological, service-related, design, business, and social advancements. The agency does not seek financial profit from its activities and does not claim intellectual property rights. Business Finland plays a crucial role in connecting international buyers with Finnish companies, facilitating investment opportunities, and showcasing Finland's key industries, which range from food and nature to advanced technology. Its initiatives aim to foster continuous innovation with a global impact, particularly in sectors such as cleantech, digitalization, consumer goods, and healthcare.
Fiberdom is a company that specializes in developing sustainable materials from wood fibers, with a focus on creating plastic-free solutions. They offer a range of compostable cutlery designed for food service and take-away applications, which are fully recyclable and compliant with European regulations. Fiberdom's commitment to innovation enables them to transform wood fibers into high-performance materials, contributing to sustainability efforts across various industries.
Solar Foods
Grant in 2025
Solar Foods Ltd. is a food-tech startup based in Lappeenranta, Finland, founded in 2017. The company specializes in producing a sustainable protein called Solein, which serves as an alternative to animal-derived proteins. Solein is developed through a unique process that combines electricity, hydrogen, carbon dioxide, water, vitamins, and minerals to cultivate microbial biomass. This method utilizes gas fermentation, allowing the production of edible calories from hydrogen-oxidizing microbes without reliance on traditional agriculture, weather, or climate conditions. Solar Foods aims to provide nutritious food ingredients and plant-based meat alternatives that promote sustainability in food production.
TheStorage
Seed Round in 2025
TheStorage is a company specializing in sustainable, grid-scale energy storage solutions. It offers a unique system capable of discharging heat, steam, or combined heat and power (CHP), providing emission-free and cost-efficient energy for both energy markets and industrial applications. The system's key feature is its ability to simultaneously charge and discharge modules, facilitating access to green energy services and supporting the transition to renewable energy production.
Aalto University
Grant in 2025
Aalto University is a multidisciplinary institution located primarily in Greater Helsinki, Finland, formed through the merger of three prestigious universities: the Helsinki University of Technology, the Helsinki School of Economics, and the University of Art and Design Helsinki. Established to foster innovation, Aalto University encompasses six renowned schools, offering education and research across science, business, arts, and design. With over 19,000 students and 5,000 staff members, it stands as Finland's third-largest university. The institution emphasizes a collaborative approach to education, integrating technological and artistic disciplines to address contemporary challenges. It features advanced research facilities, including those for neuroimaging and nano-materials, and actively contributes to societal development through research initiatives. Aalto University is committed to high-quality education, producing numerous graduates at various academic levels while maintaining strong connections with international research networks and promoting the societal relevance of its findings.
Liquid Sun
Seed Round in 2024
Liquid Sun is a new breed of green tech that converts CO2 into fossil-free fuels. Liquid Sun is at the forefront of transforming fossil fuel-free chemicals and green energy solutions because a fossil fuel-free future is essential and it eliminates the need for fossil fuels to keep our planet breathing.
Spinnova
Post in 2024
Spinnova Ltd. is a Finnish textile manufacturer based in Jyväskylä that specializes in sustainable fiber yarn technology. Founded in 2014, the company has developed an innovative process that converts wood and waste materials, including leather and agricultural by-products, into textile fibers without the use of harmful chemicals. Spinnova aims to revolutionize the global textile industry by promoting environmentally friendly manufacturing practices and reducing reliance on conventional, resource-intensive methods. Through its advanced technology, Spinnova seeks to provide a sustainable alternative for textile production that aligns with growing environmental concerns.
Infine
Debt Financing in 2024
Infine is a Nordic smart tech startup specialising in sustainability management. Our flagship product, Infine Insight, is a B2B SaaS that provides sustainability intelligence and data analytics for Fast-Moving Consumer Goods (FMCG) businesses to manage product, portfolio, and business sustainability. Expanding to B2B2C, under development: Another feature with strong market demand is our automated, consumer-friendly, product-specific sustainability indicator that can be embedded in 2D product information pages or any other digital platform. By leveraging deep technology and scalability, we provide our clients with the tools they need to lead in sustainability, from risk mitigation to opportunity identification.
Kuva Space
Grant in 2023
Kuva Space utilizes a constellation of nanosatellites equipped with hyperspectral imaging technology to provide critical data for managing natural resources and promoting sustainable economic growth. The company's GREEN DATA® platform leverages artificial intelligence to offer actionable insights that address significant global challenges such as climate change, disaster response, food demand, and safety. By enabling clients to monitor agricultural productivity, optimize land use, and make informed investment decisions, Kuva Space facilitates regional carbon sequestration measurement, aids in forest fire prevention, and detects gas leaks. Overall, Kuva Space aims to enhance life on Earth through advanced satellite technology and data-driven solutions.
Betolar
Grant in 2023
Betolar Ltd is a Finnish materials technology company founded in 2013, specializing in the development of geopolymer concrete derived from waste streams in the energy, mining, and forestry sectors. The company aims to promote sustainability in the construction industry by providing carbon-neutral construction materials that utilize previously underused industrial byproducts as a substitute for traditional cement. Betolar's product offerings include concrete products, ready-mixed concrete, and soil stabilization materials, catering to various sectors such as construction, ground engineering, landscaping, and waste management. With a focus on supporting the circular economy, Betolar is positioned to facilitate the green transition across multiple industries globally.
Spinnova
Grant in 2023
Spinnova Ltd. is a Finnish textile manufacturer based in Jyväskylä that specializes in sustainable fiber yarn technology. Founded in 2014, the company has developed an innovative process that converts wood and waste materials, including leather and agricultural by-products, into textile fibers without the use of harmful chemicals. Spinnova aims to revolutionize the global textile industry by promoting environmentally friendly manufacturing practices and reducing reliance on conventional, resource-intensive methods. Through its advanced technology, Spinnova seeks to provide a sustainable alternative for textile production that aligns with growing environmental concerns.
Origin by Ocean
Debt Financing in 2023
Origin by Ocean, established in 2019 in Finland, is a pioneering algae refining company that focuses on extracting valuable bio-based chemicals from invasive algae and sustainably farmed seaweed. Utilizing a patented biorefining process, the company produces organic algae-based ingredients that can replace traditional chemical components in various sectors, including food and beverage, cosmetics, hygiene, and textiles. By developing a platform for algae harvesting, Origin by Ocean aims to provide economic opportunities for coastal entrepreneurs globally, starting with regions like the Baltic Sea and the Caribbean, while also addressing the issue of eutrophication in oceans by removing excess nutrients. Their offerings include ingredients such as algae, bladderwrack, and kelp, promoting sustainable practices in the food, beverage, cosmetics, and pharmaceutical industries.
Fiberwood
Seed Round in 2023
Fiberwood is a manufacturer of eco-friendly wood fiber insulation and packaging materials aimed at promoting sustainable construction and packaging solutions. The company utilizes foam-forming technology to produce thermal insulation boards from forestry by-products and other natural fibers, ensuring that its products are entirely bio-based and free from plastic and fossil materials. Fiberwood's offerings provide excellent insulating properties and serve as recyclable, resource-efficient alternatives to traditional mineral wool insulation and cellular plastic packaging. By focusing on sustainability, Fiberwood enables clients to adopt environmentally responsible methods for insulation and packaging, contributing to a greener construction industry.
Spinnova
Grant in 2022
Spinnova Ltd. is a Finnish textile manufacturer based in Jyväskylä that specializes in sustainable fiber yarn technology. Founded in 2014, the company has developed an innovative process that converts wood and waste materials, including leather and agricultural by-products, into textile fibers without the use of harmful chemicals. Spinnova aims to revolutionize the global textile industry by promoting environmentally friendly manufacturing practices and reducing reliance on conventional, resource-intensive methods. Through its advanced technology, Spinnova seeks to provide a sustainable alternative for textile production that aligns with growing environmental concerns.
Nordic Umami Company
Grant in 2022
The emission-reduction benefits of shifting to plant-based eating are well documented. Yet many people are still deterred by the taste of plant-based food. Or rather, its lack of taste. Plant-based food is often missing exactly what people crave the most: umami. This is where we come in. We have developed a natural way of using food technology to create plant-based umami from plant food side products. In this way we also tackle another aspect of the food system that we believe needs to be fixed: wasting edible food.
Solar Foods
Venture Round in 2020
Solar Foods Ltd. is a food-tech startup based in Lappeenranta, Finland, founded in 2017. The company specializes in producing a sustainable protein called Solein, which serves as an alternative to animal-derived proteins. Solein is developed through a unique process that combines electricity, hydrogen, carbon dioxide, water, vitamins, and minerals to cultivate microbial biomass. This method utilizes gas fermentation, allowing the production of edible calories from hydrogen-oxidizing microbes without reliance on traditional agriculture, weather, or climate conditions. Solar Foods aims to provide nutritious food ingredients and plant-based meat alternatives that promote sustainability in food production.
Infinited Fiber
Grant in 2019
Infinited Fiber Company Oy is a Finnish textile chemical recycling firm founded in 2016 and based in Espoo, Finland. The company specializes in a patented technology that transforms cellulose-rich materials, such as cotton-rich textile waste, used cardboard, and agricultural byproducts, into high-quality fibers that resemble cotton. This innovative approach addresses the environmental challenge of textile waste by converting materials that would typically be landfilled or incinerated into valuable resources for the textile industry. The technology has received validation from leading fashion brands and is poised for scaling. Infinited Fiber has been recognized for its contributions to sustainability, winning awards and being featured in notable industry listings.
Pole Bicycles
Grant in 2018
Pole Bicycles is a Finnish mountain bike brand. We make our bikes sustainably in Finland for an unrivaled riding experience. All our CNC-machined bikes are made in-house in our factory in Finland.
Spinnova
Venture Round in 2018
Spinnova Ltd. is a Finnish textile manufacturer based in Jyväskylä that specializes in sustainable fiber yarn technology. Founded in 2014, the company has developed an innovative process that converts wood and waste materials, including leather and agricultural by-products, into textile fibers without the use of harmful chemicals. Spinnova aims to revolutionize the global textile industry by promoting environmentally friendly manufacturing practices and reducing reliance on conventional, resource-intensive methods. Through its advanced technology, Spinnova seeks to provide a sustainable alternative for textile production that aligns with growing environmental concerns.
Twice Commerce
Grant in 2018
Twice Commerce offers a cloud-based platform designed to assist merchants in enhancing their profitability through a transformative resale model. By enabling businesses to sell items multiple times, Twice Commerce not only increases revenue but also promotes sustainable practices, aligning financial success with ecological responsibility. The company's software streamlines operations for rental shops, covering essential functions such as inventory management, booking and reservations, rental contracts, payments, and integration of online and offline sales channels. This comprehensive approach helps rental entrepreneurs create a seamless experience for their customers while extending the lifecycle of products and reducing environmental impact. Ultimately, Twice Commerce fosters a movement where economic prosperity and sustainability go hand in hand, empowering merchants to achieve financial stability while contributing positively to the planet.
Rentmania
Grant in 2018
Our service connects owners who possess underutilized high-value items such as motorhomes, furniture, AV equipment, etc with people who need them temporarily. We provide a turnkey service: Escrow-payment, ID-check, instant insurance, delivery on request, and f#cking great cross-device UX. Service takes a commission of 15-35% from every transaction (depends on the category). Our long-term vision is to turn expensive goods into assets at no additional risk. It's a new philosophy of tech-enabled consumption for a sustainable future.
TactoTek
Debt Financing in 2018
TactoTek specializes in injection-molded structural electronics (IMSE®), focusing on the development and licensing of technologies that enable the integration of circuits and components directly into plastic parts. This innovation allows for the transformation of traditional structures into smart, interactive surfaces, catering to sectors such as automotive, aviation, connected home, industrial control, and medical applications. TactoTek's intellectual property portfolio includes over 280 patents and extensive expertise acquired through years of research and development. The company partners with global manufacturers to implement reliable and standardized production methods for curved and conformal electronics, thereby facilitating cost-effective and scalable design solutions that enhance user experiences while promoting sustainability.
Sulapac
Seed Round in 2017
Sulapac is a company focused on addressing the global plastic waste crisis through innovative biodegradable packaging solutions. Their products are made from a biodegradable and microplastic-free material derived from wood, offering a sustainable alternative to traditional plastics without compromising performance. Sulapac's packaging can be produced using established manufacturing techniques such as injection molding, extrusion, and blow molding, allowing for design versatility and seamless integration into existing production processes. The materials exhibit properties comparable to plastics, and with the application of Sulapac barrier coatings, their resistance to water, oil, and oxygen can be further enhanced. This combination of luxury, sustainability, and functionality positions Sulapac as a leader in the development of eco-friendly packaging solutions.
Nuuka
Grant in 2017
Nuuka is a Finnish company that specializes in optimizing HVAC systems, energy management, and indoor climate for large building portfolios. Its software-as-a-service platform is designed for both new and existing public and commercial buildings, allowing integration with various building management systems, HVAC units, indoor air quality sensors, and energy meters. By providing real-time monitoring and management capabilities, Nuuka enhances energy efficiency and indoor air quality while reducing operational costs and promoting sustainability. The platform automates data collection from multiple sources, enabling real estate owners, developers, retail chains, and municipalities to make informed decisions that contribute to smarter, more sustainable building practices.
Norsepower
Venture Round in 2016
Norsepower Oy Ltd, founded in 2012 and based in Helsinki, Finland, is a clean technology and engineering company specializing in generating renewable wind energy for the global maritime industry. The company offers auxiliary wind propulsion systems that are low-maintenance, software-operated, and data-verified. Their flagship product, the rotor sail solution, utilizes the magnus effect to harness wind power and propel ships, thereby reducing fuel consumption and greenhouse gas emissions.
TactoTek
Venture Round in 2015
TactoTek specializes in injection-molded structural electronics (IMSE®), focusing on the development and licensing of technologies that enable the integration of circuits and components directly into plastic parts. This innovation allows for the transformation of traditional structures into smart, interactive surfaces, catering to sectors such as automotive, aviation, connected home, industrial control, and medical applications. TactoTek's intellectual property portfolio includes over 280 patents and extensive expertise acquired through years of research and development. The company partners with global manufacturers to implement reliable and standardized production methods for curved and conformal electronics, thereby facilitating cost-effective and scalable design solutions that enhance user experiences while promoting sustainability.
Pole Bicycles
Grant in 2013
Pole Bicycles is a Finnish mountain bike brand. We make our bikes sustainably in Finland for an unrivaled riding experience. All our CNC-machined bikes are made in-house in our factory in Finland.
TactoTek
Venture Round in 2013
TactoTek specializes in injection-molded structural electronics (IMSE®), focusing on the development and licensing of technologies that enable the integration of circuits and components directly into plastic parts. This innovation allows for the transformation of traditional structures into smart, interactive surfaces, catering to sectors such as automotive, aviation, connected home, industrial control, and medical applications. TactoTek's intellectual property portfolio includes over 280 patents and extensive expertise acquired through years of research and development. The company partners with global manufacturers to implement reliable and standardized production methods for curved and conformal electronics, thereby facilitating cost-effective and scalable design solutions that enhance user experiences while promoting sustainability.
TactoTek
Seed Round in 2012
TactoTek specializes in injection-molded structural electronics (IMSE®), focusing on the development and licensing of technologies that enable the integration of circuits and components directly into plastic parts. This innovation allows for the transformation of traditional structures into smart, interactive surfaces, catering to sectors such as automotive, aviation, connected home, industrial control, and medical applications. TactoTek's intellectual property portfolio includes over 280 patents and extensive expertise acquired through years of research and development. The company partners with global manufacturers to implement reliable and standardized production methods for curved and conformal electronics, thereby facilitating cost-effective and scalable design solutions that enhance user experiences while promoting sustainability.
TactoTek
Seed Round in 2011
TactoTek specializes in injection-molded structural electronics (IMSE®), focusing on the development and licensing of technologies that enable the integration of circuits and components directly into plastic parts. This innovation allows for the transformation of traditional structures into smart, interactive surfaces, catering to sectors such as automotive, aviation, connected home, industrial control, and medical applications. TactoTek's intellectual property portfolio includes over 280 patents and extensive expertise acquired through years of research and development. The company partners with global manufacturers to implement reliable and standardized production methods for curved and conformal electronics, thereby facilitating cost-effective and scalable design solutions that enhance user experiences while promoting sustainability.
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