25.10.2016 | Finnish hardware and building retail recovers
According to the statistics published by Finnish Hardware Association Rasi, the retail of hardware and building utilities is recovering in Finland after a few years of downturn, reports the Finnish daily Helsingin Sanomat.
24.10.2016 | Four Finnish companies awarded EU funding
A quartet of Finnish companies has received a grant of 50 000 euros each from the EU‚Äôs biggest research and innovation funding scheme, Horizon 2020.
The Finnish town Kuhmo hosts the first cross-laminated timber (CLT) factory in the country. It also has special expertise in wood construction. Woodpolis, together with its partner network of private companies and educational institutes, supports the woodworking industry by developing new innovations in the field of wood construction.
Demand for cross-laminated timber (CLT) is exceeding supply in Finland. CLT Plant Ltd is setting up a CLT board production plant in Kauhajoki to meet growing demand. The factory will employ 150 employees and net sales are estimated to be over EUR 20 million after five years of operation.
Finland top the ranking of the most attractive EU countries for foreign direct investment.
17.10.2016 | PowerVision to land drones in Tampere, Finland
Chinese UAV company PowerVision opens a new R&D unit in Tampere, Finland with the help of Finpro and Tampere Region Economic Development Agency Tredea. The main drivers behind the decision were local ICT expertise as well as the Finnish university research, which supports innovation in the drone-related research fields.
11.10.2016 | Equinix opens internet exchange in Finland
American data center company Equinix will launch the Equinix Internet Exchange‚ĄĘ in Helsinki, Finland.
Finnish professor Bengt Holmstr√∂m and UK-born Oliver Hart have won the Nobel economics prize for work on contract theory.
05.10.2016 | Minima secures EUR 1.6 million in equity funding
This spin off from VTT Technical Research Centre of Finland, Aalto University and the University of Turku can be used in almost all devices utilising digital computing.
Startups in Finland have raised the most capital in the north of Europe in the third quarter.
30.09.2016 | 3DBear lands EUR 120K funding
Helsinki-based 3DBear is all set to make 3D printing fun and engaging in schools after closing its first funding round.
15.09.2016 | Huawei opens new R&D centre in Finland
Chinese mobile giant Huawei has opened a research and development facility in Tampere, Finland.
15.09.2016 | Game studio Lightneer takes off with Mighty Eagle
Finnish learning game studio Lightneer closes 2.8 million-euro financing round, while naming former Rovio Mighty Eagle Peter Vesterbacka as its ‚Äúbrand breaker‚ÄĚ.
15.09.2016 | Wirepas and Brainshake land sizeable investments
Finnish companies Wirepas and Brainshake have closed funding rounds of 4.5 million euros and 3.5 million euros respectively.
15.09.2016 | Finland and IBM are teaming up to develop personalised healthcare and spark economic growth with Watson.
The Finnish Funding Agency for Innovation Tekes and IBM have announced a partnership that will enable Finland to utilise Watson cognitive computing to help doctors improve the health of its citizens. This in turn will strengthen and develop the Finnish innovation and business ecosystem in the fields of health and wellbeing.
Chinese mobile giant Huawei has opened a research and development facility in Tampere, Finland. The head of Huawei‚Äôs Finnish R&D center‚Äôs lead Mikko Terho says that the team at the Tampere facility develops camera solutions as well as imaging and audio algorithms for consumer electronics products.
08.09.2016 | Callstats.io raises USD 3 million
Helsinki-based provider of Web Real-Time Communications (WebRTC) analytics platform has raised a tidy sum in Series A funding.
05.09.2016 | Critical Force hooks EUR 4 million in seed funding
Finland-based Critical Force, known for online shooter games for mobile devices, has landed one of the largest seed round investments in the Finnish gaming industry.
29.08.2016 | Rolls-Royce develops unmanned ships in Finland
The development of the company‚Äôs remote and autonomous ship technology takes place in Finland. Rolls-Royce has had a presence in Finland for more than 50 years. Nowadays, about 700 people work for the company in its facilities in Rauma, Kokkola and Helsinki.
26.08.2016 | Futureplay Games raises USD 2.5 million
Finnish mobile games developer Futureplay Games has closed a financing round worth 2.5 million US dollars from London Venture Partners, DN Capital, Sunstone and Creandum.
24.08.2016 | Swedish digital agency acquires Finnish Great Apes
Swedish communications and technology agency Hiq acquires Finland-based digital design agency Great Apes.
Germany-based energy trading house Energy2market (e2m) has discovered a prosperous business opportunity that taps into the growing availability of renewable energy. The company is now setting up shop in Finland with the help of Helsinki Business Hub and Finpro‚Äôs Invest in Finland unit, and plans to expand into the entire Nordic market from Helsinki.
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.
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.
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