The European Institute of Innovation & Technology (EIT) has made a decision to finance a European innovation cluster specialised in the field of minerals. The new innovation cluster will focus on the European raw material needs. One of its six offices will be based in Otaniemi, Espoo, Finland. Spinverse is part of the Finnish cluster.
The first EU-Russia Innovation Forum was held in Lappeenranta, Finland on May 25th -27th 2010. The event, whose attendees included the Prime Ministers of Russia and Finland, featured a keynote presentation on the role of commercialisation in innovation from Spinverse CEO Pekka Koponen.