Insights

Luc Jones of Antal Russia wrote in his recent publication: “Russia is not a country where you can just show up and make a quick buck – you need to be in it for the long term. Many have tried and failed, but even more have done extremely well in Russia.” Finnish-Russian economic co-operation has been intensively in the spotlight recently, as the growing Russian market offers plenty of business opportunities for Finnish companies. Though entering the Russian market requires careful planning, and it is vital to get expert advice.

Rules of Innovation Will Change in Moscow in October

Spinverse participated at the Skolkovo Village Start-Up event May 26-28^th as an official Conference Sponsor

On March 12th Beneq opened a subsidiary and operations in Saint Petersburg to commercialise its atomic layer deposition technology (ALD) in the Russian market. As part of the overall strategy, the company will sign an agreement to launch a joint laboratory for research and development of industrial applications in ALD with Saint Petersburg State Electrotechnical University (SpbGETU).

Beneq, world-leading provider of thin film coating equipment for research and industry, has on November 1st announced its plans to establish operations in Russia and the CIS following the investment of 25 million euros in Beneq by Rusnano in April, and as a part of its planned expansion into existing and emerging markets. The company’s operations in Russia, both in the fields of research and industrial sales, are projected to exhibit a rapid increase during the coming years, and these customers will be best served by a local organization.

The measurement of chemicals develops with Russian technology

Today in his speech, Mr Pekka Koponen, CEO of Spinverse Ltd, highlighted the importance of co-operation in high-tech and innovation between Finland and Russia, stating: “Nanotechnology, the atomic-level precision in developing new materials, is predicted to be the most fundamental force for new products in all industries. The area is funded by billions per year, Rusnano being one of the largest individual investors globally.”

The miserable state of Finnish growth company funding continues. Even though there has been slight improvement in early stage funding, growth funding still needs to be retrieved from abroad. Stock exchange listings are missing. Could the Helsinki Stock Exchange just be shut down?

Materials for the second FRIAN Partner Day are now available:

New collaboration on developing cost-efficient environmental solutions