The European Investment Bank (EIB) will invest in five Finnish companies. Loans totaling 60,5 million euros for innovation in different fields were signed in Pori, Finland, in the margins of the Suomi Areena event.
Finnish-Ukrainian startup Promo Republic has closed a 500 000-euro round and has launched in the USA.
13.07.2016 | Replacing plastic bags with wooden ones
Finnish Paptic, founded in 2015, as a spinoff of VTT Technical Research Centre of Finland, believes in bags made of wood fiber. Behind Paptic‚Äôs business idea are the worrisome news about substantial amount of plastic waste circulating through the oceans. Their material strives to help solve the problem, by combining the best features of plastic and paper.
If you are looking for a business location in the European Union, why not consider the most competitive country in Europe? Especially post Brexit, Finland is being recognized as an attractive alternative.
07.07.2016 | Finnish AW-Energy lands EUR 10 million EU investment
The European Investment Bank (EIB), will invest up to 10 million euros in AW-Energy, a Finnish startup, known for Waveroller wave energy technology.
05.07.2016 | Ticbits acquired by mobile publisher Animoca
Hong Kong-based Animoca Brands has agreed to acquire Finnish mobile game developer Ticbits for 2.35 million euros upfront.
01.07.2016 | Ukkoverkot closes EUR 9.8 million funding round
Finnish mobile data operator Ukkoverkot is accelerating the development of its 4G LTE data networks, after securing a 9.8 million-euro funding package. The funds will also boost its sales and marketing efforts, as well as other growth-related investments.
Finnish shipbuilding company Rauma Marine Constructions Oy (RMC), based in the city of Rauma, has been awarded a contract to build a 158-metre long passenger-car vessel for the Danish ferry operator Mols-Linien.
Global company Rolls-Royce invests 57 million euros in its facility in Rauma, Finland. The investment includes a major rebuild of existing facilities and a significant investment in new equipment.
22.06.2016 | Dutch software company Unit4 expands into Finland
Dutch-based software company Unit4 opens an office in Vantaa, Finland. Presence in Finland entrenches its position in the Northern Europe with direct sales and support covering all Nordic countries.
21.06.2016 | Invesdor sources EUR 1.23 million in funding
Finnish crowdfunding platform Invesdor is well on the way to its goal of becoming the best cross-border equity and debt crowdfunding platform in Europe after successfully closing its own funding round.
14.06.2016 | Tapp Commerce secures USD 9 million in capital
Finnish company Tapp Commerce has acquired a further nine million US dollars in Series A funding. Adding to an earlier seed round of 3.9 million US dollars, the funding was coordinated by Australia‚Äôs Amma Private Equity.
The amount of venture capital obtained by startups and growth companies in Finland, in relation to the GDP, is the highest in Europe, according to the statistics of the Finnish Venture Capital Association (FVCA).
The networking event Finnish Game Day, which will be arranged on June 27 in St. Petersburg, is targeted for game development professionals in Russia, Belarus and Ukraine who want to do business in Finland and beyond.
Fujitsu Limited is advancing the use of cloud-based technologies in greenhouse environments in the Finnish market. Fujitsu will collaborate with Robbe‚Äôs Little Garden Ltd. which grows herbs and vegetables in Finland.
VTT Technical Research Center of Finland will build up a research and development environment for industrial 5G network. One of the first 5G testbeds in the world, the environment provides companies an opportunity to develop and test new Industrial Internet solutions.
Four new energy efficiency agreements will begin next year in Finland for the period 2017‚Äď2025.
11.05.2016 | Finpro and Angels Unleashed help launch ‚ÄúFinland First‚ÄĚ business accelerator program
Finland First is a business accelerator program aimed at helping Finnish startups in the IOT, Fintech and Smart Cities sectors to get a foothold in the UK and India. The program is operated by UK-based Angels Unleashed and Finpro has contributed to defining the program operating model.
In 2015, foreign direct investments (FDI) in Finland again grew slightly compared to the previous year. According to statistics compiled by Finpro‚Äôs Invest in Finland unit, 265 new foreign-owned companies set up business Finland in 2015, compared to 229 in 2014. In addition, the foreign-owned companies already operating in Finland made more than 230 expansion or follow-on investment decisions to their businesses in Finland.
The Austrian Binderholtz Group invests in two sawmills in Lieksa and Nurmes
Finland has been identified as the biggest contributor to global innovation in the world. A new study by Information Technology and Innovation Foundation ranked 56 countries based on 27 different factors reflecting the way their economic and trade policies contribute to and detract from innovation globally.
Finnish energy company St1 has made an investment decision to construct a geothermal heat pilot plant in Otaniemi, Finland. St1 Deep Heat Oy has made an investment decision to construct a geothermal heat pilot plant in Otaniemi, Espoo. The plan is to start drilling the wells reaching down to a depth of seven kilometres in late March or early April.
The core of Mets√§ Group's bioproduct mill, under construction in √Ą√§nekoski, lies in the world's most efficient pulp mill, with an annual capacity of 1.3 million tonnes. Expanding this core with the production of numerous new bioproducts is a leading principle behind Mets√§ Group‚Äôs bioproduct concept. The development of the bioproduct concept has now advanced to the stage of the first implementation decisions.
09.02.2016 | Finland attracts global VC to setup in the Nordics
In recent years the Nordic region has gained a veritable reputation as a hotbed for innovative startups. This reputation has now attracted also the first international venture capital (VC) company to set up office in Finland.
04.02.2016 | Finland is the greenest country in the world
According to the environmental performance index 2016, Finland is the greenest country in the world. Finland is followed by Iceland, Sweden, Denmark and Slovenia.
21.01.2016 | New Finnish districts develop a green perspective
While much of the buzz surrounding smart innovations focuses on emerging startups, Finnish cities are also rolling up their sleeves, creating a number of new districts that draw on ecologically sound approaches.
Increasing use of wood as a construction material is creating new business opportunities in Finland, says Sari Toivonen, Senior Advisor at Invest in Finland.
Finnish Funding Agency for Innovation, Tekes is funding so far the biggest joint project on optical measurement in Finland. The research parties are Valmet Automation, VTT and Tampere University of Technology with several small and medium size companies. The Ter√§v√§ project parties are motivated by the potential new business areas especially around quality controlling for web-like products as well as within medical, food, packaging and electronics industries.
14.01.2016 | Floor of the future: Finnish innovation cuts the cost of multi-storey wood construction
In the spring of 2104, A-Insin√∂√∂rit and Mets√§ Wood began developing a new intermediate floor solution that would require no floating floor. Before that, no-one in Finland had built a wooden intermediate floor without also including a floating floor. The development project was a success, with the new intermediate floor design meeting key requirements for soundproofing and structural integrity. The new floor also enabled builders to utilize the same flooring materials as used in precast housing construction.
Construction of Wood City in J√§tk√§saari, Helsinki, is expected to begin in the spring of 2016. The site will include Finland‚Äôs tallest wood construction, a landmark 8-storey wood office building.
18.12.2015 | Finnish government is promoting timber construction
The promotion of timber construction is anchored in the government‚Äôs bioeconomy strategy, which aims at making Finland the world leader in the bio and circular economy and clean solutions, says Kimmo Tiilikainen, Minister of Agriculture and the Environment.
17.12.2015 | Minister of Economic Affairs Olli Rehn: Government dismantles obstacles to wood construction
"Even though due to Finland's economic situation the government has had to reduce public R&D funding in some areas, by focusing funding more clearly on bioeconomics we can diversify the use of wood through new investments, particularly in the R&D sector."
Press release 12.11.2015: Telef√≥nica Open Future and Team Finland have signed a cooperation agreement that enables Finnish startups to access global markets. The agreement provides funding and coaching opportunities, and opens a route especially to the Latin American market. During the initial phase, the project is looking for companies with core know-how in learning technology, game technology and the internet of things.
The 2015 EF English Proficiency Index has ranked Finland fifth out of 70 countries worldwide.
The 5G Test Network Finland, coordinated by VTT Technical Research Centre of Finland, interconnects with 5thGear programme‚Äôs test networks which are funded by Tekes, Finnish funding agency for innovation. This test environment will provide industry, SMEs and startups their first taste of 5G mobile technology functionalities well before 5G becomes commercially available.
Oulu University Hospital (OYS) has opened a new test laboratory in Oulu, Northern Finland. The Testlab is one-of-a-kind on a global scale: the innovations and products can be tested through the entire service chain from a private home all the way to health centres and hospitals.
ABB Finland is investing in a new test laboratory for maritime industry solutions and systems in Helsinki. The laboratory will serve the company‚Äôs maritime industry business research and product development, and will be located next to ABB‚Äôs Azipod¬ģ propeller system factory in Vuosaari. The reasons behind the significant investment are the strong growth of ABB Finland‚Äôs business in the maritime industry and the need to test major steering and monitoring systems in the company‚Äôs own premises.
Other market news
Stora Enso‚Äôs Global Responsibility Performance Report 2014 has won four awards in the independent...
Three Finnish Ten-T core ports, Turku, Naantali and Hamina Kotka, are investing EUR 8.1 million in cooperation...
Aalto has succeeded exceedingly well in obtaining funding from the EU
Finland might not be the biggest or best known country in Europe, but it's been behind two of recent...
The StormFilter-project, led by VTT Technical Research Centre of Finland, generates clean technologies...
In Summary Fuzu.com uses an automated algorithm to match job applicants with potential employers based...
THE GRIMALDI GROUP FURTHER INVESTS IN FINNLINES Naples, 15th October 2015: Last 9th October, Grimaldi...
Dennis Mitzner lives in Tel Aviv and writes about startups and technology
Founder of world‚Äôs No.1 mobile game developer says Nordic country‚Äôs can-do corporate culture just...
The gap between genders still remains a contentious issue.
Invest in Finland
Invest in Finland, Finpro Oy
FI-00180 Helsinki, Finland
Telephone +358 294 695 555
Fax +358 294 695 201