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.
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 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 focused on the circular economy, specializing in the extraction and purification of vital trace elements, specifically Zinc and Manganese, from alkaline batteries. This innovative technology enables the safe reuse of these micronutrients, creating ecological fertilizers for agricultural applications. By transforming waste materials into valuable resources, Tracegrow addresses two critical global issues: the environmental concerns associated with battery disposal and the micronutrient deficiencies in farmland. The company's approach promotes sustainable practices by minimizing the exploitation of the planet's limited resources, positioning Tracegrow as a leader in the development of environmentally friendly solutions for farming and industry.
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 is a Finnish company that designs and manufactures innovative sleeping pods aimed at enhancing passenger comfort in airports. The GoSleep Pod features a stylish and sleek chair that can easily convert into a flat bed, providing users with a private space to rest amidst the busy airport environment. Each pod offers secure storage for hand luggage beneath the seat, as well as power outlets and USB ports for charging electronic devices. With a moveable shade that blocks out noise and light, the GoSleep Pod allows travelers to recuperate effectively during layovers or delays, making it an ideal solution for those seeking rest in transit.
SansOx
Grant in 2017
SansOx Oy, established in 2012 and based in Helsinki, Finland, specializes in innovative solutions for water purification. The company develops and markets advanced technologies aimed at addressing the global clean water market, particularly in the context of increasing water scarcity and the principles of the Circular Economy. SansOx's offerings include systems for aeration and oxidation in various water treatment processes, including drinking water production, fish farming, industrial water processing, and wastewater treatment, all designed to operate with low energy consumption. As a member of the Finnish Cleantech Cluster, SansOx collaborates with credible partners globally to enhance its market presence and is preparing for potential future public listing to support its growth and marketing initiatives.
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
Spectral Engines Oy, founded in 2014 and headquartered in Helsinki, Finland, specializes in the development and production of advanced spectral sensors, particularly employing micro-electro-mechanical system (MEMS) technology. The company manufactures miniaturized sensors that make spectroscopy accessible at a competitive price point, catering to various applications including moisture measurements in pharmaceutical powders, food composition analysis, and gas detection. Its product offerings include OEM sensors, application development kits, gas sensors, portable instruments, and software development kits. Spectral Engines serves a diverse range of industries, including agriculture, food and beverage, and pharmaceuticals, providing clients with the capability for cloud connectivity and advanced algorithm integration. As of May 2018, Spectral Engines operates as a subsidiary of m-u-t AG.
Optomed
Grant in 2017
Optomed Oy is a Finnish medical technology company that specializes in retinal imaging devices and solutions. The company focuses on developing, commercializing, and manufacturing handheld fundus cameras that facilitate the screening of various eye diseases, including diabetic retinopathy, glaucoma, and age-related macular degeneration (AMD). Optomed’s devices are designed to be user-friendly and accessible, making eye disease screenings available in diverse clinical settings worldwide. The company's products meet the international ISO 10940 fundus camera standards and are utilized by private clinics, public hospitals, and non-governmental organizations across major markets such as Europe, the USA, China, and India. In addition to its hardware offerings, Optomed also develops screening software for healthcare organizations. Headquartered in Oulu, Finland, Optomed maintains local offices in Shanghai, China, and Espoo, Finland.
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.
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.
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.
Nukute
Venture Round in 2017
Nukute is a medical device and services development company based in Oulu, Finland, established in 2015. The company focuses on creating innovative solutions for sleep apnea screening and diagnostics. Its flagship offering includes a system comprised of two wireless wearable sensors, a tablet computer, and a cloud application. The wearable sensors are designed to record essential biosignals such as breathing patterns, blood oxygen saturation, heart rate, and sleeping position. These data points are analyzed using a machine learning algorithm in the cloud, providing an intuitive online interface for physicians to confirm diagnoses. This technology allows clinics to conduct sleep studies and diagnostics efficiently, reducing the need for specialized sleep specialists.
Signicat
Venture Round in 2017
Signicat is a prominent digital identity service provider in Europe, specializing in electronic identification and e-signature solutions. Founded in 2006, the company originally emerged as Kantega Secure Identity and operates globally, delivering online trust services to both public and private sectors. Signicat's offerings adhere to international standards and regulatory requirements, including privacy laws, anti-money laundering regulations, and Know Your Customer protocols, ensuring secure user onboarding. The company's advanced solutions enable banks, financial institutions, insurance firms, government agencies, and various businesses to authenticate users, facilitate electronic signing, and maintain document integrity. With a focus on enhancing user experience while mitigating risks through cutting-edge security technology, Signicat provides banking-grade service level agreements to meet the needs for scalability and reliability. The company maintains offices across several key European cities, including London, Frankfurt, Amsterdam, Lisbon, Copenhagen, Stockholm, Helsinki, Trondheim, and Oslo.
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.
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.
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.
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.
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.
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.
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.
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, 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 Ltd., established in 2010 and headquartered in Espoo, Finland, operates a global advertising automation platform. The company's core business is transforming publishers' 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, creating new revenue streams for publishers while delivering results for advertisers. With offices in nine countries, Kiosked serves clients worldwide, offering a programmatic advertising solution that supports mobile, desktop, display, and video formats.
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.
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.
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, including 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. ZenRobotics markets its solutions globally through a reseller network.
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
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 Tampere, Finland-based start-up founded in 2010, specializing in software design and cloud storage services. With a team that possesses extensive experience in IT and communication technology, the company focuses on securing and digitizing data for businesses and individuals. Its offerings include digital content management, cloud storage, online backup, and various information technology and security services. By providing these solutions, Varaani Works enables clients to effectively back up and protect their data in a digital landscape.
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.
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.
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.
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, specializing in the development of connected products and innovative business solutions. The company aims to transform how organizations of all sizes create new products by leveraging Internet of Things (IoT) technology, digitalization, and collaborative work methods. Founded by experienced professionals in both industry and startups, HitSeed has a proven track record that includes significant mergers and acquisitions, the establishment of over 25 companies, and partnerships with more than 50 leading firms globally. HitSeed has successfully executed various business and technology projects, creating numerous products tailored to the needs of diverse clients. Their platforms, Seedling and SeedNode, facilitate the development of commercial-scale connected products for IoT and wearables, thereby enhancing efficiency and innovation in product development.
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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