Many large corporations in Europe are going through a time of transformation. Economic circumstances drive corporations to reduce non-core activities and to seek more dynamic R&D networks to meet the future market needs. This is an opportunity for entrepreneurs.
Spinverse Innovation Mill converts ideas and IPR into new start-ups by matching the corporations, entrepreneurs and investors. To date, new companies have been created from unused ideas and innovations from large established companies like Nokia, Nokia Siemens Networks, Kemira, Metso, Rautaruukki and Wärtsilä. The results from Innovation Mill are of benchmark quality – since 2009 it has funded 109 innovations into start-ups which have created 650 jobs and received more than 80 million euros of funding.
The program offers financial support from Tekes to improve the competitiveness of the start-ups. Funding can be used, for example, for integrating new intellectual property into the existing technologies, marketing research, pilot projects, and the development of business operations.
Pekka Koponen, CEO of Spinverse: “Innovation Mill is an excellent tool for start-up entrepreneurs to tap into the intellectual assets of large corporates and initiate a dialogue with them. There is plenty of value available to be created through open innovation platform like Innovation Mill for all parties.”
If you are an entrepreneur looking for a corporate idea, we can help match your competences with corporate ideas and apply for funding through the Innovation Mill. We also assist to fast-track the start-up companys’ to growth track by providing support services and networking opportunities with invaluable contacts and connections to corporations, helping to establish your position in the ecosystem, give access to capital from private and public sources, and support international growth.