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Finnish biotech company MetGen has received €500,000 of EU funding for a research project focusing on the efficient and sustainable extracting of lignin and hemicelluloses from the cellulose production process and using them as bio-based resources in different industries.
Fortum is launching a significant development project that aims to manufacture high-value products from agro residues and woody biomass to replace the use of fossil and other environmentally taxing raw materials. The project will be a part of Business Finland’s Bio and Circular Finland Program, which is aiming to make Finland the forerunner of the circular economy. Spinverse has actively participated in project planning and preparation.
A shared victory between Fraunhofer Institute IPM from Germany and Luleå University of Technology from Sweden, who both came up with ideas on how to trace steel products by using the materials own characteristics. That was the result of the SmartSteel Innovation Challenge 2018 arranged by Spinverse with SSAB and Sandvik Materials Technology.
Mining and raw materials companies have long and costly innovation cycles and are typically located far from their potential ecosystem partners. These factors make it challenging for these companies to pursue faster innovation and utilise co-development opportunities.
Suomen Tilaajavastuu Oy was selected as one of the five Growth Engines in a competitive bidding by Business Finland. Spinverse assisted the company win 5 million euros as capital loan for the development of a data platform for the construction and real estate business. Growth engine status is granted for platform companies capable of building business worth more than 1 BEUR.
What does an open innovation ecosystem mean?
When and why is an open innovation ecosystem an effective way to cooperate and create something new?
What kind of leadership makes an open innovation ecosystem successful?
When making a pitch, you usually have only a couple of minutes to get a potential investor interested in your innovation. Facing you, there are people who do not share your interest in technical details and do not have your level of knowledge in the field. "In order for an innovation to reach the market, the existing technical information needs to be refined into communication that the market and potential financiers can understand and put to work," says Ulrika Wahlström, from IMCG and Innovation Project Manager in the EU project InspireWater says.