The New York Times article explains how the Nokia and Microsoft layoffs have created a surplus of unemployed tech workers in Finland and how there has been special effort in encouraging these workers to start their own companies. Specifically, the article mentions Quuppa, Creoir and Piceasoft, which are Spinverse Innovation Mill companies.
(Helsinki, 23rd January 2015, 9:00 AM) – Microsoft Mobile Oy and Verkotan Oy have agreed to continue the operations of the mobile equipment testing laboratories in Oulu, Finland as an independent company that offers outsourced testing services to mobile equipment manufacturers and network operators. Verkotan Oy starts the business with funding from Tekes, the Finnish Funding Agency for Innovation, in the framework of the Innovation Mill program.
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.
Innovation Mill commercializes large corporation’s unused innovations that are not within the core of their corporate strategy. The accelerator started as cooperation between Nokia, Tekes and Technopolis and during the four years of operation it has created 74 new companies and 650 new jobs.
Finnish innovation consultancy Spinverse strengthens its service portfolio by acquiring Open Innovation Management Oy. By acquisition Spinverse begins operating the Innovation Mill-accelerator, which commercializes large corporations’ unused ideas and innovations. The accelerator started as cooperation between Nokia, Tekes and Technopolis and during the four years of operation it has created 70 new companies and 650 new jobs.