EASME

EASME is a European Union executive agency that supports small and medium-sized enterprises and promotes innovation in Europe. It manages projects in the areas of small and medium-sized enterprises, as well as the environment, energy, and maritime sectors, funded by COSME, LIFE, and EMFF. EASME organizes the European Sustainable Energy Week and serves industries such as environmental management, energy production, and maritime activities.

Past deals in Finland

Black Bruin

Grant in 2019
Black Bruin Inc. is one of the world’s leading suppliers of LSHT radial piston-cam lobe hydraulic motors and rotators. Their trade mark Black Bruin offers a high quality solution for agriculture, construction and mining, road building and forestry equipment applications. As an international operator located in Jyväskylä, Central Finland, we employ nearly 100 fully trained professionals and have a distribution network which covers over 25 countries.

ProtectPipe

Grant in 2019
ProtectPipe is a Finnish microbiotechnology company producing an innovative microbe solution that removes organic waste from drainpipes. The microbe solution moves to the areas with build-up in the pipes and devours the waste. That is an ecological way to stop the erosion in pipes and prevent any harmful waste from entering the fragile environment.

BioMensio

Grant in 2019
BioMensio develops smart handheld devices for rapid, on-site detection of multiple biological targets. Its core technology enables label-free assays and facilitates development of new bio-screening applications. The company's products include BioMensio devices and a novel miniaturized microarray platform, serving point-of-care, food safety, and bio-security applications.

Comptek Solutions

Grant in 2018
Comptek Solutions is a Finnish developer specializing in advanced surface engineering for compound semiconductors. Its Kontrox quantum surface engineering process creates defect-free, crystalline surfaces on III-V materials, enabling higher-quality semiconductor devices used in CMOS manufacturing, radio frequency components, optoelectronics, power electronics, and concentrated photovoltaics. Founded in 2017 and based in Turku, the company also offers passivation technologies that mitigate aggressive oxidation, reducing atomic-level defects and improving device efficiency, reliability and manufacturability. Kontrox has demonstrated substantial performance gains in devices such as microLEDs, and the company provides customized services to fit diverse substrate and fabrication flows, helping clients produce more efficient, reliable, and affordable devices across optoelectronics, RF and power electronics markets.

720 Degrees

Grant in 2018
720 Degrees Oy, founded in 2012 and headquartered in Helsinki, Finland with an additional location in New York, develops a cloud-based analytics solution for monitoring indoor environmental quality. The company's platform utilizes sensors and related software to collect and evaluate real-time data on various environmental factors such as air quality, thermal comfort, and noise pollution. Key measurements include temperature, humidity, carbon dioxide levels, volatile organic compounds, and particulate matter. 720 Degrees is committed to enhancing health and satisfaction in work environments by providing organizations with actionable insights to optimize workspace conditions, occupational health, job satisfaction, and performance.

Tracegrow

Grant in 2018
Tracegrow is a Finnish cleantech company specializing in the circular economy. It has pioneered a unique technology that extracts and purifies vital trace elements, specifically Zinc and Manganese, from alkaline batteries. This innovative process allows the company to create ecological micronutrient products for agriculture, addressing both the global challenge of recycling trace elements and the issue of micronutrient deficiencies in farmland. By utilizing materials from used batteries and metal-containing industrial waste streams, Tracegrow contributes to sustainable farming practices while minimizing the exploitation of the planet's limited resources. The company's focus is on providing environmentally friendly solutions that promote resource reuse and enhance agricultural productivity.

TILT Biotherapeutics

Grant in 2018
TILT Biotherapeutics Ltd is a preclinical stage biotechnology company based in Helsinki, Finland, specializing in the development of genetically modified oncolytic viruses to enhance T-cell therapies for cancer treatment. Established in 2013, the company focuses on utilizing its patented technology to improve tumor-infiltrating lymphocyte (TIL) and chimeric antigen receptor (CAR-T) therapies, as well as checkpoint inhibiting antibody treatments. TILT Biotherapeutics is advancing products such as TILT-123, TILT-234, and TILT-321, which aim to modify the tumor microenvironment and boost immune responses against cancer. The company's innovative approach holds promise for achieving effective results in treating solid tumors, paralleling the successes seen in hematological tumors.

Grundium

Grant in 2018
Grundium Ltd, established in 2015 and headquartered in Tampere, Finland, specializes in imaging and multi-camera solutions. The company caters to diverse industries such as transportation, biotechnology, and professional imaging, offering end-to-end solutions that include hardware, software, and user services. Grundium's core expertise lies in providing high-quality, portable digital microscope scanners designed for live telepathology consultations, enabling real-time, high-resolution image transmission between surgeons and pathologists, regardless of location. This innovative technology enhances diagnostic pathology reach and quality while reducing time and costs. Additionally, Grundium provides multi-camera solutions for the transportation industry, capable of withstanding harsh environmental conditions, and offers microscopic imaging platforms for various applications.

Olfactomics

Grant in 2018
Olfactomics is a Finnish university-based spin-off focused on intraoperative tissue assessment to improve breast-conserving surgery. It develops solutions that provide real-time analysis of surgical tissue to help surgeons identify cancer margins and reduce the need for re-operations by enabling more complete tumor removal while preserving healthy tissue. Its instruments use energy-based approaches and analyse the surgical smoke produced during tissue dissection to convey detailed information about the operated tissue, supporting heightened margin awareness and more precise treatment during breast cancer procedures.

Quiske

Grant in 2018
Quiske is a Finnish technology startup developing a Rowing Performance (RowP) system which helps you become a better rower. The RowP System consists of and app and a pod that together can measure, analyze and provide real time feedback on your rowing, so that you can improve and fine tune your technique, which is especially important when rowing in a crew. Its SW automatically sniffs for rowing strokes and produces real time feedback on both boat specific metrics (boat acceleration and velocity) as well as rower specific metrics (oar and seat work of individual rowers).

Glucostratus

Grant in 2018
Glucostratus Ltd is focused on developing and delivering digital solutions for remote blood glucose monitoring, targeting individuals with diabetes and healthcare professionals. Founded in 2005 and based in Helsinki, Finland, the company enables patients to share their glucose data with healthcare providers via a cloud platform, allowing for improved management of individual health outcomes. Glucostratus’s solutions include a software-as-a-service (SaaS) platform that facilitates easy access for doctors and nurses to patient results, as well as an Internet of Things (IoT) solution tailored for elderly diabetics who may lack technical skills. This comprehensive approach addresses the growing needs of the home care sector, ensuring that both patients and healthcare professionals can effectively monitor and manage diabetes treatment.

GoSleep

Grant in 2018
GoSleep is a Finnish company that specializes in the development and manufacturing of innovative sleeping pods, designed to provide travelers with a private and comfortable resting space in busy airport environments. The GoSleep Pod features a stylish, sleek design that allows it to function as a chair which can be easily converted into a flat bed. It offers a secure storage area for hand luggage beneath the seat and includes power outlets and USB ports for charging electronic devices. The moveable, breathable shade of the pod effectively shields users from airport noise, light, and the gaze of other passengers, creating an ideal environment for rest amid the hustle and bustle of travel.

SansOx

Grant in 2017
Founded in 2012, SansOx specializes in innovative water purification solutions. It offers modular oxygenation and aeration systems for various applications including drinking water production, fish farming, and industrial water processing. The company aims to enhance potable water systems, wastewater treatment processes, and natural water ecosystems with its low energy consumption solutions.

Angular Velocity

Grant in 2017
Angular Velocity is a Finnish technology company committed to improving and enriching sports technology with cutting-edge hardware and software solutions.

Spectral Engines

Grant in 2017
Founded in 2014, Spectral Engines develops and manufactures miniaturized spectral sensors for various applications. These include moisture measurement in pharmaceutical powders, food composition analysis (protein, fat, sugars), gas detection, and process spectroscopy.

Optomed

Grant in 2017
Optomed is a Finnish medical technology company specializing in retinal imaging devices and solutions. It develops, manufactures, and markets handheld fundus cameras globally for screening eye diseases like diabetic retinopathy, glaucoma, and AMD.

Minima Processor

Grant in 2017
Minima Processor Oy is a Finnish company, founded in 2016 and based in Oulu, that specializes in developing innovative semiconductor technology solutions aimed at enhancing the energy efficiency of digital processors. The company's technology enables improvements of up to 20 times in energy efficiency compared to traditional solutions, primarily through ultra-low voltage operation and the removal of timing margins at nominal voltages. Minima Processor's self-adapting intellectual property allows digital subsystems to operate effectively at near-threshold voltages while also being capable of scaling up to meet increased computing demands. Their solutions find applications across various industries, including consumer electronics, sensors, communication devices, medical applications, and computing systems, thereby promoting significant reductions in voltage consumption for diverse tasks.

Wuudis Solutions

Grant in 2017
Wuudis Solutions Oy is a Finnish company specializing in cloud-based enterprise resource planning (ERP) platforms tailored for the forestry and bioenergy sectors. Founded in 2005 and headquartered in Mikkeli, the company provides innovative solutions that enhance productivity and efficiency within supply chain management and logistics. Its offerings include the Wuudis Bioenergy platform, which facilitates communication and inventory monitoring for biomass delivery chains, and Wuudis Business, a customizable service package designed to meet specific client needs through software development projects. By leveraging open software technology alongside extensive field experience, Wuudis Solutions delivers agile IT services that support flexible business models in a dynamic environment. The company also employs remote sensing and geospatial technologies to optimize forest asset management and improve the economic returns of forestry operations.

HappyOrNot

Grant in 2017
HappyOrNot Ltd. is a Finnish company founded in 2009, headquartered in Tampere, Finland, with a global presence that includes offices in the US, UK, Germany, France, Netherlands, and Singapore. The company specializes in instant customer and employee satisfaction analytics, utilizing its signature 'Smiley' feedback system. HappyOrNot offers a range of wireless point-of-experience devices, including the Smiley Terminal, Smiley Touch, Web Smileys, and Smiley Wall, which collect and analyze feedback from various sectors such as retail, transportation, healthcare, and education. With over 25,000 Smiley Terminals deployed worldwide, the company has gathered nearly a billion responses from more than 4,000 clients in 117 countries. HappyOrNot's services enable organizations to visualize feedback on a four-point scale, allowing them to make informed adjustments to enhance customer experience and employee satisfaction.

RemoteA Oy

Grant in 2017
RemoteA Oy is a medical company focused on remote monitoring and consultation services, particularly in the field of cardiac care. Since its establishment in 2002, it has built an extensive network of general practitioners, specialist physicians, and healthcare organizations across Finland, Sweden, and the United Kingdom. The company provides software solutions that analyze long-term ECG data using advanced algorithms and artificial intelligence, facilitating timely treatment for patients. Its platform operates in approximately 300 healthcare units and collaborates with over 20 leading cardiac electrophysiologists. By storing data securely in the cloud, RemoteA Oy enhances the efficiency of healthcare providers and adds value for wellness operators.

Goodmill Systems

Grant in 2017
Goodmill Systems, Ltd. is a Finnish company based in Espoo that specializes in providing connectivity solutions tailored for business users, integrators, solution providers, and service operators. Established in 2005, the company offers a range of products, including service-aware routers designed for backup routing in small and medium-sized enterprises and retail locations. Additionally, Goodmill Systems provides remote monitoring and management solutions, as well as security and surveillance applications. The company also extends its services to include Internet protocol network consultancy, support, and network management integration. With a focus on enhancing broadband solutions, particularly for public safety operators in critical situations, Goodmill Systems aims to improve data security, reliability, coverage, and resilience while minimizing the need for substantial public investment in new infrastructure.

Monidor Oy

Grant in 2017
Monidor Oy is a Finnish company established in 2015 and based in Oulu. It specializes in the development of innovative electronic devices, with a focus on healthcare technology. The company's flagship product, Monidrop, is an automated infusion monitor designed for intravenous infusion therapy, enhancing the safety and efficiency of medical treatments. Through its advancements in medical technology, Monidor aims to improve patient outcomes and streamline healthcare processes.

Nukute

Venture Round in 2017
Nukute, founded in 2015 and based in Oulu, Finland, specializes in developing medical devices and services for sleep apnea screening and diagnostics. Their solution comprises two wireless wearable sensors, a tablet computer, and cloud-based software. The sensors record vital biosignals like breathing, blood oxygen saturation, heart rate, and sleeping position, which are then analyzed using machine learning algorithms in the cloud. This data is presented to physicians via an intuitive online interface, enabling clinics to conduct sleep studies without employing dedicated specialists.

Wello

Venture Round in 2017
Wello Oy is a Finnish company specializing in the manufacture of wave energy converters, specifically the Penguin Core, which encompasses design, licensing, control software, and expertise for developing scalable wave parks. Founded in 2008 and based in Espoo, Wello's innovative Penguin wave energy converter captures energy from ocean waves using a unique design that enables it to respond dynamically to wave movements. The asymmetrical hull of the Penguin creates a gyrating motion that directly drives a generator, eliminating the need for mechanical or hydraulic gears and enhancing efficiency. Wello aims to provide ecological and commercially viable solutions for harnessing renewable energy from the sea, making low-cost energy accessible for various applications.

Signicat

Venture Round in 2017
Founded in 2006, Signicat is a leading European provider of digital identity services. It offers advanced solutions for electronic identity and signatures, enabling businesses to operate more effectively while reducing risk through robust security technology. Serving banks, financial institutions, government agencies, and corporations, Signicat delivers trust-based services that meet international standards and regulations.

Novarbo Oy

Venture Round in 2017
Novarbo specializes in growing plants and greenhouse technology used for professional greenhouse cultivation. The company is part of the Finnish Biolan Group. The company's vegetable products are suitable for both traditional and organic professional cultivation, and our range includes organic fertilizers. In Greenhouse Technology, we offer Vertical Farming multi-storey solutions and energy-saving and harvest-enhancing greenhouse climate management solutions (Heat Reuse). Novarbo Oy is a specialist in professional farming and greenhouse technology. The Novarbon medium and fertilizer products are suitable for both traditional and organic professional farming. In greenhouse technology, Novarbo offers energy-saving and crop-friendly greenhouse climate management solutions and cultivation methods.

CloudStreet

Grant in 2017
CloudStreet Ltd. is a Finnish company founded in 2012, specializing in a marketplace for buying and selling prioritized mobile network capacity, specifically LTE. The company offers a cloud-based capacity exchange technology that facilitates trading between mobile network operators and various buyers, including broadcasters and internet distribution companies. By leveraging advanced technologies such as Software Defined Networks and Network Function Virtualization, CloudStreet enables carriers to commercialize the delivery of context-specific bandwidth on demand. This approach allows users to benefit from dynamic, application-aware network services that optimize data traffic and enhance the quality of live TV reporting, among other applications.

Norsepower

Grant in 2017
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.

Nelson Garden

Grant in 2016
In 1933 a seed was born. Then Georg Nilsson sat with family home around the kitchen table and filled small bags of seeds. These seeds would soon be sold and the story of Nelson Garden began. For almost a century, we have grown and developed our business. We love to grow and we are at the same time entrepreneurs. We will take care of that. Thanks to our rich history, Nelson Garden is today the market leader in seed for hobby growers in the Nordic region. The Group has approximately 100 employees and sales of SEK 235 million in 2015. In addition to operations in Sweden, we have sales companies in Denmark, Finland, and Norway. Sales are through trade and grocery stores. In addition to seeds, we also sell onions, bird food and garden accessories.

Alleco

Grant in 2016
Alleco is a Finnish consultancy company that specializes in the marine and freshwater environment. The company offers services from field sampling to strategies, tools for working underwater, as well as solutions for data collection and analysis in difficult environments. Established since 1989, we represent the state of the art in our industry by constantly developing new technologies and service concepts. In the past years, Alleco has expanded its services and expertise to include natural resource management and climate change related issues from the equator to the Arctic.

IndoorAtlas

Grant in 2016
IndoorAtlas specializes in indoor positioning technology. It uses magnetic field data and smartphone sensors to accurately locate users indoors, enabling applications for navigation, promotions, gaming, and logistics. The company offers tools like IndoorAtlas Floor Plans and Map Creator for managing building floor plans and creating magnetic maps. Founded in 2012, IndoorAtlas is headquartered in Finland with R&D centers in Finland and the UK.

Blue Ocean Robotics

Grant in 2016
Blue Ocean Robotics ApS, headquartered in Odense, Denmark, specializes in designing, developing, and commercializing professional service robots. Its portfolio includes the UVD Robot for hospital disinfection, the Multi Tower Robot for patient handling and rehabilitation, and other robots catering to logistics, cleaning, healthcare, education, and more. The company also provides robotic automation solutions, strategic automation roadmaps, and events for the robotic industry. Blue Ocean Robotics serves various sectors, offering its products through sales partners and joint ventures in multiple countries. It operates through subsidiaries in Denmark, Lithuania, Hong Kong, the United States, Sweden, and Germany. Additionally, the company invests in and incubates robotic projects, leading their development and commercialization before potentially selling, licensing, or spinning them out to new subsidiaries or existing companies.

Verkotan

Grant in 2016
Verkotan is a Finnish company that provides world class wireless performance testing and certification services, with focuss on SAR and OTA testing.. With innovative attitude, skilled employees and decades of knowledge accumulated from working in the wireless industry, the company offers leading testing and certification services in chosen fields.

Oceanvolt

Grant in 2016
Oceanvolt Ltd. is a Finnish company, established in 2004 and based in Helsinki, specializing in the manufacture and marketing of electric propulsion systems for boats across Europe. The company produces innovative electric motor systems that are lightweight, reliable, and user-friendly, designed for both new boats and retrofitting older vessels. One of its key products, the Oceanvolt ServoProp, features a patented variable pitch sail drive that allows for optimal power generation and output by automatically adjusting the pitch of the propeller blades. This advanced system significantly enhances propulsion efficiency, providing up to a 30% increase in forward propulsion, a 100% increase in reverse, and a remarkable 300% increase in hydro generation. The ServoProp can generate over 1 kW of power at moderate speeds and is suitable for monohulls up to 50 feet and multihulls up to 60 feet. By enabling the regeneration of electricity for onboard use, Oceanvolt's technology promotes safer, quieter, and more environmentally friendly sailing experiences.

Alleco

Seed Round in 2016
Alleco is a Finnish consultancy company that specializes in the marine and freshwater environment. The company offers services from field sampling to strategies, tools for working underwater, as well as solutions for data collection and analysis in difficult environments. Established since 1989, we represent the state of the art in our industry by constantly developing new technologies and service concepts. In the past years, Alleco has expanded its services and expertise to include natural resource management and climate change related issues from the equator to the Arctic.

Elastopoli

Grant in 2015
Elastopoli is a Finnish materials company that develops and manufactures polymer materials and compounds from natural fibers and minerals for domestic and international customers. It offers compounding and testing services, including weathering tests to evaluate durability under natural conditions, and develops natural fiber–based biopolymers as well as nano-cellulose reinforced bio-polymer composites. Founded in 2002, Elastopoli is headquartered in Sastamala, Finland.

HEE Photonics Labs

Grant in 2015
HEE Photonics Labs is a spin-off of the University of Latvia, Institute of Astronomy (part of Association FOTONIKA-LV –www.lu.lv/FOTONIKA-LV). The company was founded in 2007 to commercialize research results as well as to participate in various scientific projects related to space photonics. Some engineers of the staff was involved into everyday service of Satellite Laser Ranging station in Riga. Their lively expertise allows us the development of advanced optical systems for earth observation and high precision universal satellite laser ranging for observation and tracking of unknown flying objects, and laboratory test. The leading scientists of HEE Photonic labs has long term and multidisciplinary experience in development of space and military optical systems since sowiet times. Totally 7 high precision SLR instruments for tracking of unknown space objects has been designed by this team members, produced in Riga and installed in Metseahovi (Finland), Potzdam (Germany), (Ukraine – 4) and Riga (Latvia), as well as about 50 various space-related optical devices over the world.

Uniq Bioresearch

Venture Round in 2015
Uniq Bioresearch Oy is an innovative, private Finnish biotechnology company that actively develops new whey protein based whey protein product and microencapsulation concepts for food, health, pharmaceuticals, confectionery and cosmetics industries. Uniq Bioresearch Oy's mission is to provide new, activated whey protein-based solutions for microencapsulation and help our customers create better and higher quality new products. ACTIWHEY is a whey protein that Uniq Bioresearch Oy activates by developing and patenting the process of active whey protein. Activation provides new opportunities for using whey protein in capsule coating and replacing gelatin in health products and microencapsulating various ingredients such as omega-3 oils, liposomes, prebiotics and probiotics as well as fruit and berry seed oil that are almost impossible or too expensive to microencapsulate with the old production methods.

Kiosked

Grant in 2015
Kiosked Ltd., established in 2010 and headquartered in Espoo, Finland, operates a global advertising automation platform. The company's core business is transforming publisher content into high-performing ad placements, addressing key industry challenges such as ad viewability, relevancy, and performance. Kiosked's platform enables real-time inventory buying for media buyers and brands, opening new revenue streams for publishers. With offices in nine countries, the company serves clients worldwide, offering a programmatic advertising solution that supports mobile, desktop, display, and video formats.

ICEYE

Grant in 2015
ICEYE is a Finnish company that operates a large synthetic aperture radar satellite constellation to provide near real-time Earth observation data. Its radar imagery works in all weather and at any time, independent of daylight, enabling monitoring and mapping for insurance, disaster response, maritime surveillance, and defense. Customers use ICEYE data to assess flood and wildfire risks, track storm impacts, monitor crops, detect oil spills, monitor sea ice and port activity, and support search-and-rescue operations and security missions. Founded in 2014 and based in Espoo, Finland, ICEYE enables decision-makers to observe areas of interest globally and rapidly respond to events with satellite imagery.

Hydroline

Grant in 2015
Hydroline Oy is a Finnish company specializing in the design and manufacture of hydraulic cylinders, primarily for mobile machinery and equipment. Established in 1960 and based in Siilinjärvi, Finland, Hydroline offers a diverse range of products, including heavy-duty hydraulic cylinders, piston accumulators, and system configurations, tailored to meet the specific needs of industries such as automotive manufacturing, mining, agriculture, construction, and forestry. The company also provides a variety of services, including research and development, remanufacturing of hydraulic cylinders, maintenance solutions, and operator training. Hydroline's innovative features encompass automation, coating technology, common rail hydraulics, and integrated control systems, ensuring that clients receive reliable products that enhance performance in demanding applications.

Sofi Filtration

Grant in 2015
Founded in Finland in 2011, Sofi Filtration designs and manufactures advanced water cleaning solutions for diverse industries such as mining, metallurgy, oil & gas, and power generation. Its products include solids-free water provision for reverse osmosis, flue gas waste water treatment, cooling water treatment, and process water recycling.

ZenRobotics

Grant in 2015
ZenRobotics Ltd., established in 2007 and headquartered in Helsinki, Finland, specializes in AI and robotics-based recycling systems. The company's flagship product, ZenRobotics Recycler, is a robotic waste sorting system that separates raw materials from various waste streams such as commercial, industrial, municipal solid, and construction waste. This system, the world's first of its kind, uses AI to accurately identify and sort waste fractions, increasing efficiency and reducing costs in recycling processes. ZenRobotics markets its systems through a global reseller network.

Supponor

Grant in 2015
Supponor is a sports media and technology company that transforms traditional perimeter advertising in live sports broadcasts through its innovative DBRLive technology. By replacing physical advertisements with virtual, targeted digital content, Supponor ensures that viewers see pitch-side promotions relevant to their specific audiences. The company focuses on three main areas: managing the DBRLive platform, enhancing the value of sports rights holders' advertising inventory, and providing brands with targeted marketing opportunities in the sports sector. Headquartered in the UK, Supponor's operations teams collaborate with local partners at sporting events worldwide. Additionally, its research and development team in Espoo, Finland, continually refines the underlying technology to expand its capabilities and create added value for clients and partners. The company is privately held and backed by management, private investors, and venture capital funds.

Timegate Instruments

Grant in 2015
Timegate Instruments is a deep-tech company based in Oulu, Finland, founded in 2014. It specializes in developing software for material characterization, with a focus on real fluorescence suppression and time-resolved fluorescence information. The company's technology, known as Timegated®, provides accurate and real-time molecular composition information during various stages of biopharmaceutical production. This enables the biopharmaceutical industry to enhance product quality, reduce failures, and improve productivity through increased yields. Additionally, it facilitates faster time to market by optimizing process development and scale-up. The company's solutions are applicable across research, mining, and life sciences industries.

GasEK

Grant in 2015
Gasek is a Finnish energy technology company founded in 2008 and located in Oulu, Finland. The company specializes in developing and manufacturing wood chip-fueled combined heat and power (CHP) plants that utilize innovative wood gasification technology. With over 30 years of development, Gasek has effectively addressed the challenges associated with wood gasification, enabling the production of emissions-free energy solutions. Its patented gasifier converts mixed wood chips into pure gas, which is used to generate sustainable energy. Gasek's power plants are particularly suited for sparsely populated areas and small to medium-sized enterprises, such as farms and greenhouses, providing them with the capability for independent power and heat generation. Additionally, these plants can be connected to national energy grids, supporting broader energy integration.

Varaani Works

Grant in 2015
Founded in Tampere, Finland in 2010, Varaani Works is a startup with a strong background in IT and communication technology. The company offers sustainable software development services focused on creating long-term digital value through openness and collaboration.

RePack

Grant in 2015
Founded in 2013, RePack manufactures and sells reusable packaging bags for individuals and clothing brands worldwide. Its products include polypropylene, polyethylene, and cardboard bags that can be returned for recycling after use, with customers rewarded with vouchers for future purchases. Operating primarily online, RePack aims to reduce waste and environmental impact associated with single-use packaging.

NewIcon

Grant in 2015
NewIcon Oy is a health technology company established in 2007, recognized as the market leader in pharmacy automation systems in Finland. The company specializes in developing automated medication dispensing systems tailored for both hospitals and retail pharmacies. By leveraging robotics and advanced software, NewIcon enhances efficiency and safety in medication distribution, allowing healthcare providers to prioritize patient care. With a workforce of approximately 70 employees, NewIcon has successfully delivered pharmacy automation solutions to over 100 pharmacies and hospitals across several countries, including Denmark, Russia, Israel, Iran, and China. The company maintains a commitment to quality, operating under a certified ISO 9001 quality management system, and has achieved a turnover exceeding €7 million.

Navigil

Grant in 2015
Navigil is a privately owned company based in Espoo, Finland, specializing in advanced tracking platforms and wearable telecare products designed to enhance independent living for seniors. The company develops programmable, rebrandable tracking devices that offer a white label solution for track and trace service providers. These devices feature low-power hardware design and intelligent processing to minimize battery drain while enabling complex calculations. Notably, Navigil's products include smart wristwatches equipped with emergency call functions, customizable safe zones, and health monitoring capabilities such as heart rate and respiratory rate tracking. The innovative technology supports multi-dimensional geofencing and operates effectively in over 30 countries, ensuring users maintain their quality of life while providing peace of mind to caregivers.

AASA Global

Grant in 2015
Aasa Global is an international financial technology company founded in 2011, specializing in providing credit solutions to consumers and small to medium-sized businesses. Operating in countries such as Estonia, Poland, Finland, Sweden, Chile, and Indonesia, Aasa seeks to expand into high-growth markets by developing innovative financing solutions. The company utilizes a proprietary, fully automated lending platform that leverages predictive analytics to facilitate quick market entry and scalability. Aasa’s business model has been tested in various regions, focusing on offering financial support where traditional banks may lack speed and flexibility. The company emphasizes client service as its most valuable asset, aiming to provide accessible financial assistance through a unique multi-stage credit assessment process for both individual clients and business owners.

Ductor

Grant in 2015
Ductor is a Finnish biotechnology company focused on addressing climate change and food sustainability challenges through innovative technology. It has developed proprietary and patented methods for biologically producing ammonia and phosphates from recycled materials. This technology can be integrated into various applications, including algae farming, to enhance nutrient supply and energy production. Ductor has achieved a significant milestone by initiating industrial-scale production, with its first implementation designed to augment existing biogas facilities, thereby improving their economic viability. The company aims to provide sustainable organic fertilizers and renewable energy, supporting farmers and food producers in maintaining healthy soils and promoting ecological farming practices.

Scaffdex Oy

Grant in 2015
Scaffdex is family owned Finnish company established in Tampere in 2006. The first commercial products, CellCrown™ cell culture inserts, were developed with the researchers of Tampere University and launched in January 2007. In 2011 the first clinical tissue engineered application, RegJoint™ small joint implant, was launched. RegJoint™ is a local innovation, which is based on research and collaboration of Tampere University of Technology and Tampere University Hospital.

Convion

Grant in 2015
Convion Ltd., established in 2012 and located in Espoo, Finland, specializes in the development and manufacturing of solid oxide fuel cell systems for power generation and hydrogen production. The company's technology facilitates the efficient conversion of various fuels into electricity and steam, promoting sustainable energy solutions. Convion's modular fuel cell systems are designed for flexibility, allowing them to operate with different fuel types and catering to both industrial and commercial applications. By focusing on high-efficiency energy conversion, Convion aims to enhance energy independence and security while providing reliable and operationally flexible solutions in the power generation market.

Pharmia

Grant in 2015
Pharmia is a contract manufacturer and developer of nutritional supplements and healthcare products. The company specializes in product development, continuously innovating formulations, flavors, and applications, while maintaining a strong focus on quality, know-how, and service. It serves main food-supplement brands in Finland and neighboring markets, delivering manufacturing and development capabilities to pharmaceutical companies and healthcare wholesalers. In addition to food supplements, its portfolio includes vitamins and minerals, probiotics, and flu treatment products, as well as CE-marked medical devices. Through its development and manufacturing capabilities, Pharmia supports access to medications and wellness solutions for its customers, combining scientific expertise with a service concept aimed at reliable delivery and product quality.

HitSeed

Grant in 2014
Founded in Finland in 2012, HitSeed specializes in developing connected products and businesses. The company aims to revolutionize product development for both small and large enterprises through modern IoT solutions, digitalization, and collaborative work methods.

Aurelia Turbines

Grant in 2014
Aurelia Turbines designs and manufactures two-stage gas turbines for small and medium-sized enterprises. Originating from research at Lappeenranta University of Technology, the company emphasizes high reliability and efficiency through modular components. Based in Lappeenranta, Finland, it maintains additional offices in Germany and the United Kingdom. The turbines use a low-emission combustion process compatible with hydrogen, biogas, synthetic gas, and other renewable or non-standard fuels, enabling customers to reduce operating costs and environmental impact. Aurelia holds a portfolio of intellectual property around its core technology and continues to develop its product applications with industrial partners, leveraging public and EU funding channels to support its R&D and growth.
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