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.

Kristalina Georgieva

Vice President

Past deals in Finland

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 Ltd. is a biotechnology company based in Tampere, Finland, established in 2015. It specializes in developing smart multi-analyte handheld detection devices for bio-analytics, providing rapid and on-site detection of various biological targets from a small sample in a single step. The company's offerings include a novel miniaturized micro-array platform that supports the quick development of new bio-screening applications, which are applicable in areas such as saliva testing, food and milk safety, point-of-care diagnostics, and bio-security. BioMensio's technology enables the creation of label-free assays, allowing for the detection of multiple analytes without the need for labeling procedures. Additionally, its Diagnostics-as-a-Service (DXaaS) platform integrates a handheld reader, multianalyte fluid cartridges, and cloud-based analytics, facilitating easier access for original equipment manufacturers (OEM) to develop bio-analysis products and services.

Comptek Solutions

Grant in 2018
Comptek Solutions Oy, founded in 2017 and based in Turku, Finland, specializes in developing advanced surface engineering technology known as Kontrox. This quantum-level process is designed to create defect-free surfaces for compound semiconductor devices, addressing the critical issues of oxidation that lead to performance limitations in products like MicroLEDs, lasers, and power electronics. By improving the crystalline quality of III-V-based semiconductors, Kontrox technology significantly enhances device performance, achieving notable improvements such as a 250% increase in efficiency and a 90-fold reduction in power consumption. Comptek Solutions has applications across various sectors, including optoelectronics and radio frequency technologies. The company has gained recognition for its innovative approach, receiving a Horizon2020 SME phase I grant from the EU in 2018 and being shortlisted as a top semiconductor spinoff in the inaugural Spinoff Prize competition by Nature Research in 2020.

720 Degrees

Grant in 2018
720 Degrees Oy specializes in developing a cloud-based analytics solution for monitoring indoor environmental quality. Founded in 2012 and based in Helsinki, Finland, with an additional location in New York, the company offers a range of sensors and software that collect and analyze real-time data on air quality, thermal comfort, and noise pollution. Their air quality sensors measure various parameters, including temperature, relative humidity, carbon dioxide, total volatile organic compounds, and particulate matter. The platform aims to enhance workplace health and satisfaction, allowing organizations and building owners to create optimal working environments. By leveraging artificial intelligence and data-driven insights, 720 Degrees enables businesses to improve office conditions, promote occupational health, and enhance overall job satisfaction and performance.

Tracegrow

Grant in 2018
Tracegrow is a Finnish cleantech company operating in the circular economy. They are the only company in the world that has developed an innovative technology to extract, purify and reuse the vital trace elements Zinc and Manganese from alkaline batteries and circulate them safely back to the nature as the world’s most ecological Zinc and Manganese-based micronutrient products for farming. They strive to minimize the exploitation of their planet’s limited resources by reusing them wisely. Their clean technology innovation provides a solution to two global challenges: the ecological reuse of the trace elements in alkaline batteries and nourishing farmland suffering from micronutrient deficiency.

Olfactomics

Grant in 2018
Olfactomics is a Finnish university-based spinoff company focused on advancing surgical tissue assessment technology, particularly in breast-conserving lumpectomies. The company has developed innovative energy-based surgical instruments that analyze surgical smoke, which contains critical information about the operated tissue. This real-time analysis enhances the surgeon's situational awareness during procedures, allowing for the detection of cancerous tissue at margins that might otherwise be overlooked. By improving the accuracy of tumor removal in a single operation, Olfactomics aims to minimize the resection of healthy tissues and reduce the likelihood of costly re-operations.

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 aimed at enhancing cancer treatments. The company's patented technology focuses on using these viruses to improve tumor T-cell therapies, including tumor-infiltrating lymphocyte (TIL) and chimeric antigen receptor (CAR-T) therapies, as well as checkpoint inhibitors. TILT Biotherapeutics is recognized as a leader in the global market for integrating oncolytic viruses with cancer immunotherapy. Their product pipeline includes TILT-123, TILT-234, and TILT-321, which are designed to modify the tumor microenvironment and counteract its suppression of immune responses. The innovative approach has the potential to replicate the successes seen in CAR-T therapy for solid tumors, similar to those achieved in hematological cancers.

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 develops innovative solutions for remote monitoring of blood glucose levels, primarily targeting patients with diabetes and healthcare professionals. Founded in 2005 and based in Helsinki, Finland, the company provides a cloud-based platform that captures blood glucose data via mobile technology, enabling patients to share their results with healthcare providers. This system allows professionals to set personalized targets and receive automated alerts regarding any deviations, facilitating effective remote monitoring of insulin treatment. Additionally, Glucostratus offers a digital solution for diagnostic testing and generates comprehensive reports in accordance with treatment guidelines. Their services include a user-friendly IoT solution designed for elderly diabetics, ensuring accessibility for those with limited technological skills and addressing the growing needs of the home care sector.

GoSleep

Grant in 2018
GoSleep Pod is a Finnish innovation that has already spread to airports around the world, providing users with privacy and silence 24/7 in the midst of passenger traffic. It is a specially designed, stylish and sleek chair for tired passengers in need of rest, which can also convert into a bed. Hand luggage can be stored safely under the seat during use, and a moveable, breathing shade hides the passengers from the noise and the light of the airport and from the gaze of other passengers. GoSleep Pod provides a perfect place to rest among the hustle and bustle of the airport. The chairs have USB and main chargers, so personal computers and cell phones can also be charged for your onward journey.

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.

Optomed

Grant in 2017
Optomed Oy is a Finnish medical technology company focused on retinal imaging devices and solutions, aiming to make eye disease screenings accessible worldwide. The company develops, manufactures, and commercializes user-friendly handheld fundus cameras designed for the screening of various eye conditions, including diabetic retinopathy, glaucoma, and age-related macular degeneration (AMD). These devices comply with international standards and serve a diverse clientele, including private clinics, public hospitals, non-government organizations, and charities globally. Additionally, Optomed offers screening software for diabetic retinopathy and cancer detection, enhancing its service offerings in the healthcare sector. With its headquarters in Oulu, Finland, Optomed also has local offices in Shanghai, China, and Espoo, Finland, and operates in major markets such as Europe, the USA, and several Asian and South American countries.

Minima Processor

Grant in 2017
Minima Processor Oy is a technology company based in Oulu, Finland, founded in 2016, specializing in semiconductor process agnostic solutions aimed at enhancing energy efficiency in digital processors. The company's innovative technology allows for energy efficiency improvements of up to 20 times compared to traditional methods, primarily through ultra-low voltage operation and the removal of timing margins at nominal voltages. Minima Processor's offerings are applicable across various sectors, including consumer electronics, sensors, communication devices, medical applications, and computing systems. Their closed-loop, self-adapting intellectual property enables digital subsystems to operate efficiently at near-threshold voltages while retaining the ability to scale for increased computing power, thus significantly reducing voltage consumption for a range of tasks.

Wuudis Solutions

Grant in 2017
Wuudis Solutions Oy specializes in developing a cloud-based enterprise resource planning (ERP) platform tailored for the forestry and bioenergy sectors. The company offers various services, including Wuudis Bioenergy, a platform designed for inventory monitoring and managing biomass delivery chains, and Wuudis Business, which focuses on client-specific software development projects. By integrating open software technology with extensive field experience, Wuudis Solutions delivers agile and user-friendly IT services that promote flexible business models. The firm also provides remote sensing services for forest asset management, mobile solutions, and fieldwork management. With a strong emphasis on research and development, Wuudis Solutions employs geospatial and machine learning technologies to facilitate data analysis and improve the return on forest assets, ultimately enhancing cost savings and environmental benefits for operators in the forestry and bio-based industries. Founded in 2005 and based in Mikkeli, Finland, the company was formerly known as MHG Systems Ltd.

HappyOrNot

Grant in 2017
HappyOrNot Ltd. is a Finnish company founded in 2009, specializing in customer and employee satisfaction analytics. It has developed a widely recognized feedback system known as the 'Smiley' feedback system, which includes various wireless devices such as the Smiley Terminal, Smiley Touch, Web Smileys, and Smiley Wall. These devices gather instant feedback from customers in diverse settings, including retail, transportation, healthcare, and education. With over 25,000 Smiley Terminals installed globally, HappyOrNot serves more than 4,000 clients across 117 countries, providing valuable insights that enable organizations to enhance their service delivery. The company’s feedback data is visualized on a four-point scale, helping businesses make informed decisions based on actual customer and employee experiences. HappyOrNot is headquartered in Tampere, Finland, with additional offices in several countries and a global reseller network, making it a key player in the field of customer experience management.

Goodmill Systems

Grant in 2017
Goodmill Systems, Ltd. specializes in connectivity solutions tailored for business users, integrators, and service providers. Founded in 2005 and located in Espoo, Finland, the company offers a range of products, including service-aware routers designed for backup routing of essential connections, particularly for small and medium-sized businesses and retail locations. Their offerings also encompass remote monitoring and management systems, as well as security and surveillance applications. Additionally, Goodmill provides support services, Internet protocol network consultancy, and network management integration. The company focuses on delivering broadband solutions for public safety operators, addressing the growing demand for reliable digital connectivity in critical situations. By implementing a unique business model, Goodmill aims to enhance data security, coverage, and resilience while minimizing the need for substantial investments in new network infrastructure.

Monidor Oy

Grant in 2017
Monidor Oy is a Finnish company based in Oulu, founded in 2015. The company specializes in developing innovative electronic devices, notably its flagship product, Monidrop, which is an automated infusion monitor designed for intravenous infusion therapy. Monidor Oy focuses on enhancing the efficiency and safety of medical treatments through advanced technology.

Wello

Venture Round in 2017
Wello is a high-tech and innovative company. Their skills and passions come to life in the Penguin wave energy converter which is the result of highly committed innovative work and practical engineering. In the Penguin, Wello introduces a new concept for capturing energy from waves with a unique working principle. The converter is designed to respond to the movement of waves. The asymmetrical shape of the Penguin’s hull creates a gyrating motion in the waves which makes the rotator inside the hull rotate. The power train from wave to electricity is direct without any mechanical or hydraulic gears in between to cause loss of efficiency. Simplicity is one of the key values of Wello. Wello was founded on the passion to produce ecological and commercially viable wave energy solutions.

Signicat

Venture Round in 2017
Signicat is a leading digital identity service provider based in Europe, specializing in electronic identity and electronic signature solutions. Established in 2006, the company offers cloud-based identity management services that cater to both public and private sectors globally. Signicat's solutions are designed to meet stringent international standards, including privacy regulations and anti-money laundering requirements, while facilitating effective onboarding processes. Its advanced services enable secure user authentication, electronic signing, identity proofing, and document preservation, making them essential for banks, financial institutions, insurance companies, government agencies, and businesses of all sizes. With a commitment to delivering exceptional user experiences, Signicat utilizes advanced security technology to minimize risks. The company operates in multiple countries, including the UK, Germany, the Netherlands, Portugal, Denmark, Sweden, Finland, and Norway, providing scalable and reliable services backed by banking-grade service level agreements.

CloudStreet

Grant in 2017
CloudStreet Ltd. is a Finnish company that specializes in creating a marketplace for the buying and selling of prioritized mobile network capacity, specifically LTE. Established in 2012 and headquartered in Espoo, the company utilizes cloud-based technology to facilitate a capacity exchange that connects mobile network operators with buyers, including broadcasters and internet distribution companies. This platform allows users to trade LTE capacity dynamically, enabling high-definition quality live TV reporting and personalized services based on application-specific profiles. Additionally, CloudStreet employs network slicing technology, leveraging Software Defined Networks and Network Function Virtualization to help carriers commercialize on-demand, context-specific bandwidth, thereby enhancing data networking capabilities for clients.

Norsepower

Grant in 2017
Norsepower Oy Ltd is a Finnish clean technology and engineering company that specializes in renewable wind energy solutions for the maritime industry. Founded in 2012 and headquartered in Helsinki, Norsepower develops low-maintenance, software-operated auxiliary wind propulsion systems aimed at reducing fuel consumption and greenhouse gas emissions in shipping. The company's flagship product, the Norsepower Rotor Sail Solution, utilizes the Magnus effect through a spinning cylinder to harness wind power for ship propulsion. This innovative technology not only helps lower fuel costs but also enhances the durability and safety of vessels, supporting the maritime industry's transition towards more sustainable operations. Norsepower has received over $6 million in funding from various investors, including venture capital firms and government agencies, to support its development and deployment efforts.

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 Ltd. specializes in magnetic field-based indoor location technology, which allows for precise positioning within buildings using smartphones. Founded in 2012 and headquartered in Oulu, Finland, the company offers a range of tools for developers to create indoor location-aware applications without requiring additional hardware such as Bluetooth or Wi-Fi. Its solutions include IndoorAtlas Floor Plans for managing building layouts, Map Creator for generating magnetic maps, and a Maps API for developing indoor location applications. This technology provides real-time location tracking with an accuracy of 1-2 meters, enabling various applications such as store promotions, mobile gaming, and logistics optimization. IndoorAtlas also has research and development centers in Oulu and Oxford, United Kingdom, supporting its mission to enhance indoor navigation and location services globally.

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, specializing in the manufacture and marketing of electric propulsion systems for boats in Europe. The company produces lightweight and reliable electric motor systems, including the patented Oceanvolt ServoProp. This innovative variable pitch sail drive system enhances efficiency by allowing propeller blades to rotate beyond 180 degrees, automatically adjusting for optimal power generation and output. The ServoProp significantly improves forward propulsion, reverse thrust, and hydro generation compared to traditional fixed propellers. It can produce over 1 kW of electricity at a speed of 6-8 knots, enabling it to power both the propulsion system and onboard electronics without the need for a separate generator. Suitable for monohulls up to 50 feet and multihulls up to 60 feet, the ServoProp promotes a quieter, safer, and more environmentally friendly sailing experience. Oceanvolt's technology aims to make boating cleaner and more efficient while providing an enjoyable experience for users.

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.

Conexbird

Grant in 2015
Conexbird Oy is a Finnish company that specializes in marine freight transportation services, leveraging patented technology to enhance operational efficiency within the maritime industry. It provides a container and cargo inspection system that utilizes oscillation technology and sensors at ports to analyze the structural integrity of shipping containers. This innovative approach allows for the efficient collection and dissemination of data to various stakeholders, including cargo owners, insurance companies, harbors, and container depots. By offering these unique services, Conexbird aims to improve cargo handling processes and reduce industrial emissions, contributing to a more efficient and sustainable maritime sector.

Elastopoli

Grant in 2015
Elastopoli Oy, founded in 2002 and based in Sastamala, Finland, specializes in the development and manufacturing of advanced polymer materials, including natural fiber-based biopolymers and nano-cellulose reinforced bio-polymer composites. The company provides compounding services tailored for both domestic and international clients, focusing on integrating natural fibers and minerals into its products. Additionally, Elastopoli offers weathering testing services, which assess the durability of materials under natural conditions, ensuring their performance and longevity. Through its innovative approach, Elastopoli contributes to the advancement of sustainable materials in various applications.

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 is an independent advertising automation platform based in Helsinki, Finland, with additional offices in nine countries. The company specializes in programmatic advertising, transforming various types of online content—including images, videos, and applications—into interactive ad placements. Kiosked aims to address critical industry challenges such as ad viewability, relevancy, and performance. By dynamically converting publishers' content into effective advertising formats, Kiosked enables clients to create new revenue opportunities across mobile, desktop, display, and video channels. The platform has been recognized as one of the world’s leading technology companies in its field.

ICEYE

Grant in 2015
ICEYE Oy, founded in 2014 and based in Espoo, Finland, specializes in Earth observation through its extensive synthetic aperture radar (SAR) satellite constellation. This technology allows for near real-time imaging and monitoring across various sectors, including insurance, natural disaster response, and maritime activities. ICEYE's radar satellites can capture images regardless of weather conditions or sunlight, making them invaluable for applications such as monitoring illegal fishing, oil spills, storm damage, forest growth, and crop health. The company's capabilities extend to mapping flood damage, aiding humanitarian efforts, and tracking maritime activities like piracy and port operations. By providing comprehensive and timely data, ICEYE supports informed decision-making for clients in defense, government, and insurance industries.

Hydroline

Grant in 2015
Hydroline Oy, founded in 1960 and based in Siilinjärvi, Finland, specializes in designing and manufacturing hydraulic cylinders. The company offers a range of products equipped with automated and customized features, including advanced coating technology, common rail hydraulics, and integrated control systems. Hydroline's product portfolio caters to various sectors such as automotive manufacturing, mining, agriculture, construction, forestry, recycling, and energy, providing solutions for both operators and manufacturers. Additionally, Hydroline offers a comprehensive suite of services, including research and development, remanufacturing of hydraulic cylinders, maintenance solutions, and training for operators. Their focus on heavy-duty hydraulic cylinders and life cycle services positions them as a reliable partner for clients requiring robust solutions for mobile machinery and equipment.

ZenRobotics

Grant in 2015
ZenRobotics, established in 2007 in Finland, is a company focused on innovative robotic recycling technology. Its flagship product, the ZenRobotics Recycler, is recognized as the world's first robotic waste sorting system, designed to enhance the efficiency of waste separation. Utilizing artificial intelligence, this system accurately identifies and sorts various materials from diverse waste streams, including light packaging, construction and demolition debris, and metals. In addition to the robotic sorting capabilities, ZenRobotics also provides digitalization and data services, enabling recycling centers to optimize their processes, reduce costs, and minimize manual labor. Through its advanced technology, ZenRobotics aims to transform the recycling industry and contribute to more sustainable waste management practices.

Sofi Filtration

Grant in 2015
Sofi Filtration Oy is a Finnish company specializing in the design and manufacture of advanced water filtration and process wastewater handling solutions. Founded in 2011 and based in Espoo, the company serves various industries including mining, metallurgy, oil and gas, and power generation. Sofi Filtration's innovative technology offers robust, automated, and energy-efficient water treatment services, enabling clients to improve water recirculation rates at production sites. Its applications include providing solids-free water for reverse osmosis, treating flue gas wastewater, cooling water treatment, and pre-treatment of wastewater before discharge. The company's flagship product, the Sofi Filter, exemplifies its commitment to delivering high-performance filtration solutions. Backed by public innovation development funds and private investors, Sofi Filtration continues to advance the field of industrial water treatment.

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.

Timegate Instruments ltd

Grant in 2015
Timegate Instruments Ltd, founded in 2014 and based in Oulu, Finland, specializes in software development for material characterization, focusing on real-time fluorescence suppression and time-resolved fluorescence information. The company serves industries such as biopharmaceuticals, mining, and life sciences by providing innovative solutions for real-time process monitoring. Timegate's technology enables the biopharmaceutical sector to obtain accurate and immediate insights into molecular compositions during various stages of production. By measuring metabolites, nutrients, and proteins in bioreactors, the company enhances product quality, reduces failures, and increases productivity, ultimately leading to faster time to market for biopharmaceuticals. Timegate Instruments Ltd is recognized as a rapidly growing deep-tech company with a global reach, dedicated to advancing processes in diverse industries.

Supponor

Grant in 2015
Supponor is a sports media and technology company that specializes in virtual perimeter advertising for live sports broadcasts. Its proprietary DBRLive technology allows for the replacement of traditional advertising with dynamic digital content tailored to specific audiences, ensuring that viewers see relevant pitch-side advertisements during events. The company operates a robust media platform that integrates seamlessly with live broadcasts, enhancing the value of perimeter billboard inventory for rights holders and creating targeted marketing opportunities for brands. Headquartered in the UK, Supponor collaborates with local partners at sporting events worldwide, while its research and development team in Finland continually enhances the technology behind DBRLive. The company is privately held, with ownership shared among management, private investors, and venture capital funds.

RePack

Grant in 2015
RePack is a company based in Helsinki, Finland, that specializes in manufacturing reusable and recyclable packaging solutions for online retailers and shoppers. Founded in 2013, RePack offers durable packaging bags made from materials such as polypropylene, polyethylene, and cardboard, which can be conveniently returned for recycling. The innovative system encourages customers to participate in sustainability efforts by rewarding them with vouchers for future purchases when they return the packaging. This model not only enhances the customer experience but also aims to reduce waste and carbon emissions. RePack's packaging is designed to be folded into a letter-sized format for easy return via local postal systems, making it a practical option for eCommerce businesses looking to demonstrate their commitment to sustainability.

Varaani Works

Grant in 2015
Varaani Works is a start-up company founded 2010 in Tampere, Finland. The founders have a strong background in IT and communication technology with a several years experience in international business.

Ductor

Grant in 2015
Ductor is a Finnish biotechnology company specializing in the sustainable production of ammonia and phosphates from recycled materials. The company has developed proprietary technology that can be integrated into various applications, including algae farming, to provide essential nutrients and renewable energy. Ductor aims to address critical challenges such as climate change, increasing food demand, and waste accumulation by offering organic fertilizers and renewable energy derived from biogas. The company has recently achieved a strategic milestone by commencing industrial-scale production, with its first implementation set to enhance the economics of existing biogas production facilities. This innovative approach supports farmers and food producers in maintaining healthy soils and adopting ecological farming practices.

NewIcon

Grant in 2015
NewIcon Oy is a health technology company established in 2007, specializing in pharmacy automation systems. As a market leader in Finland, the company has successfully implemented its automated medication dispensing solutions in over 100 pharmacies and hospitals across multiple countries, including Denmark, Russia, Israel, Iran, and China. With a workforce of approximately 70 employees, NewIcon Oy generates a turnover exceeding € 7 million. The company is committed to quality, operating under a certified ISO 9001 quality management system, and focuses on using robotics and advanced software to enhance the efficiency and safety of medication distribution, allowing healthcare providers to prioritize patient care.

Navigil

Grant in 2015
Navigil designs, manufactures, and sells tracking platforms that are among the most advanced in the world. Programmable, rebrandable, and over-the-air updatable tracking devices provide a production-ready white label solution for track and trace service providers. Embedded processing capability combined with low-power hardware design and intelligent sleep logic enables complex in-device calculations while minimizing battery drain, wireless data traffic, and back-end processing. Innovative features include multi-dimensional geofencing with up to 1500 geofences calculated in-device. Navigil is headquartered in Espoo, Finland. Navigil products are used in more than 30 countries. Navigil is a privately owned company.

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. is a Finnish company, established in 2012 and located in Espoo, that specializes in the development and manufacturing of solid oxide fuel cells for power generation. The company focuses on creating high-efficiency systems that facilitate distributed power generation and hydrogen production, utilizing various fuels to enhance energy independence and security. Convion's modular fuel cell systems are designed for industrial and commercial applications, offering operational flexibility and reliability. By leveraging solid oxide fuel cell technology, Convion aims to contribute to sustainable energy solutions and improve the efficiency of power generation markets.

Pharmia

Grant in 2015
Pharmia specializes in the development and manufacturing of nutritional supplements and healthcare supplies, focusing on innovation and product development. The company serves pharmaceutical companies and wholesalers, particularly in Finland and neighboring regions, offering a diverse product portfolio that includes vitamins, minerals, probiotics, and flu treatment products. Pharmia is dedicated to continuous quality improvement and the enhancement of product knowledge, ensuring that its offerings effectively address various health needs. Through its commitment to research and development, Pharmia aims to provide effective solutions in the healthcare sector.

HitSeed

Grant in 2014
HitSeed is a Finnish company founded in 2012 developing connected products and businesses. Their mission is to change how companies, both small and large, develop new innovative products via modern IoT solutions, digitalization and new collaborative ways of working. The company was founded by industry and startup veterans. Their track record includes over 1B€ of M&A activities, founding over 25+ companies, international IPR, and working with over 50 industry leading companies in the world. They have conducted various business and technology assignments and built numerous products for small and large companies. They have also developed Seedling and SeedNode, their platforms for building commercial scale connected products for IoT and wearables.

Aurelia Turbines

Grant in 2014
Aurelia Turbines Oy, established in 2013 and headquartered in Lappeenranta, Finland, specializes in the manufacturing and marketing of advanced two-stage gas turbines. The company has successfully commercialized technology developed at Lappeenranta University of Technology, underpinned by over 30 years of research in high-speed technology and fluid dynamics. Aurelia's gas turbines are designed to enhance the performance of small and medium-sized enterprises by utilizing a low-emission combustion process suitable for hydrogen, biogas, synthetic gas, and other renewable fuels. This innovation enables businesses to lower operating costs, improve efficiency, and contribute to environmental sustainability. Aurelia maintains extensive intellectual property rights on its core technology and continues to develop its portfolio of protections. The company collaborates with world-class industrial partners to ensure scalability and integration of its modular components. Financial backing comes from various Finnish investors and European funding programs, including the EU H2020 initiative.
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