Insights

The European Commission selected Robocoast as a European Digital Innovation Hub (EDIH) among the total of four EDIHs in Finland. The EDIHs will support activities to advance the digitalization of industry across different regions in Finland and Europe. Robocoast provides key competencies in cybersecurity, robotics, energy technologies, artificial intelligence, data analytics, 5G and IoT through 15 Finnish universities and two regional development companies. Spinverse supported Robocoast in the highly competitive application process and project building. The project has an overall budget of 3 M€.

In order for Sweden to be climate neutral by 2045, the Swedish parliament, together with the EU, is introducing the funding instruments Klimatklivet (Climate Leap) and Industriklivet (Green Industry Leap) to accelerate the transition. What do they involve and who can apply for what? IMCG's Johan Emanuel explains the terms.

Lignin Industries from Sweden converts lignin so it can be blended with virgin and recycled thermoplastics to create new types of bioplastics. Lignin Industries recently secured 4.4. M€ funding from the EU Innovation Fund to help them financing the expansion of the first-of-its-kind large-scale production site located in Sweden. Lignin Industries secured their success in the highly competitive application process with support from Spinverse funding experts.

As the health systems are under increasing pressure, there is an urgent need for more innovative, integrated approaches covering prevention, diagnosis, treatment, and disease management. This is the key challenge IHI is addressing in the forthcoming calls in 2022.

Intelligent Motion Control under Industry 4.E (IMOCO4.E) is an extensive 31 M€ pan-European project partially funded by the ECSEL Joint Undertaking (currently known as KDT Joint Undertaking) and national funding agencies. The three-year project will help shape the future of Industry 4.0 manufacturing in Europe, aiming to perceive and control complex machines and projects. Spinverse is part of the Project Coordination Office in this large-scale project.  

Long COVID, a research and innovation project funded by the European Union’s research and innovation programme Horizon Europe has just been launched on 1^st of June 2022. The pan-European project with a total budget of 8.2 M€ is coordinated by Helsinki University Hospital (HUS). The project consortium with 12 partners aims to understand the mechanisms behind the long-term symptoms following COVID-19 infection. Spinverse is one of the partners in this project making a difference to Long Covid Syndrome (LCS) sufferers.

The Circular Bio-based Europe Joint Undertaking (CBE JU), the follower of the Bio-based Industries (BBI JU) partnership, is set to fund excellent collaborative projects and the first call for project proposals will open before the summer break 2022. The preliminary call topics indicate a wide range of growth opportunities for companies working in this sector. The search for strong partners to collaborate in consortium projects is already underway. Is your company considering joining this initiative?

The European Defence Fund 2022 will offer many opportunities for the defence industry companies. The projects are divided into capability development and research projects, each with their own special characteristics. We estimate that the call texts for this year’s European Defence Fund application round will be published in June 2022.

Nokia is set to gain a new competitive advantage from edge computing and edge intelligence, both considered essential elements in 5G networks. They can be considered the two key elements to enable sustainable digital infrastructure and networks in the future. Spinverse supported Nokia in the preparation of their funding proposal, which secured Nokia 20 M€ in Business Finland funding for leading companies.

European Investment Bank (EIB) Venture Debt is a long-term financing instrument meant to provide significant cash runway in-between financing rounds while minimising dilution of existing owners. This funding allows a company to fully focus on its business after early commercialization and grow to secure stability. It is well suited to fast-growing companies with significant innovation potential and/or to enterprises driven by research and innovation.