A Finnish learning application utilizing 3D technologies is targeting international markets with a successful investment round worth 1.5 M€ and new members in the Board of Directors. As of April 1, 2021, the Chair of the Board Jussi Kajala is the new CEO of 3DBear, whilst Laura Koponen, CEO of the innovation consulting company Spinverse, was appointed the new Chair of the Board. The two new members in the Board of Directors, Fredrik Lucander (VP, Marketing) of home delivery app Wolt and Raghunath Koduvayur (Head of Marketing and Communications) of IQM Quantum Computers, building quantum computers, bring in their strong marketing expertise to accelerate the future growth.
Spinverse recently helped the Norwegian start-up sensiBel in securing the 2.5 M€ grant and 4.2 M€ equity from the EIC Accelerator instrument. The funding will assist sensiBel in their goal to finalise their product development and scale up the manufacturing of their unique optical Micro-Electro-Mechanical-System (MEMS) microphone. With the accelerated manufacturing, sensiBel will be able to satisfy the needs for better high-performance microphone technology in voice-controlled user interfaces, high-fidelity audio recordings and sound capture markets.
The European Working Group of Innovation Consultants (EWGIC) has published a new Position Paper regarding the agreement by European Council on the Multi-Annual Financial Framework (MFF) and the Next Generation EU budget. The Position Paper, released on the 24th of July 2020 makes a plea to European Parliament's decision makers to take swift action to prevent the Horizon Europe's budget cuts that threaten to slow down the recovery of Europe from the current economic crisis.
European Working Group of Innovation Consultants (EWGIC) brings together innovation experts to exchange experience and best practice and promote professional development in EU research, development and innovation projects. Marie Latour, Pekka Koponen and Xavier Aubry are members of EWGIC and wrote an important plea to draw attention to the current situation, where COVID-19 crisis has led private investment in pre-market, high-risk start-ups dry up overnight. With no cash flow, the start-ups need support to stay afloat. The EIC Accelerator could be used to help them.
Many companies ask Spinverse for help to apply for EU funding to boost their development and growth. Not everyone who applies for funding receives it, but working with Spinverse can yield other benefits.
The European private VC market is still relatively small, so young Nordic companies increasingly turn to public funding to scale up.
Entrepreneurs at Slush have funding on their minds. The EU’s innovation programme is changing and young companies wonder how they will be affected.
While Spinverse Innovation Challenge allows the large companies looking for new ideas to find truly out-of-the-box solutions for their business challenges, the participating teams gain good opportunities to access concrete co-development projects with industry leaders.
European Commission shifts into high gear in its popular funding scheme for small and medium-sized enterprises. Preparing for Horizon Europe, the upcoming ninth framework programme for funding innovation, the European Innovation Council is rolling out the Accelerator Pilot during 2019 and 2020. Combining grant and equity funding, the EIC Accelerator Pilot replaces the SME Instrument Phase II with its first cut-off on October 9th. The SME Instrument Phase I, the 50,000 € grant for a feasibility study, will no longer be available after the September 5th cut-off.
The possibilities of EU funding - case example of a success story.
EU Breakfast seminar: In just 1,5 hours, learn if your company could receive funding. At the same time you will learn how the SME instrument will change in the beginning of 2018 and how this will affect you. After the presentations, you have the possibility to discuss your potential for EU funding with experts and go through already existing project ideas.
Into is a new funding service offered in Finland by Tekes, the Finnish Funding Agency for Innovation, to boost the international growth of SMEs. It provides the SMEs opportunities to strengthen their innovation competencies in order to grow into international markets.
SME Instrument has gained great first results, proving its worth in the European innovation ecosystem, stated European Commission's report "Accelerating Innovation in Europe". The SME Instrument is EU’s first research and innovation funding programme for high potential and high risk disruptive innovation in single SMEs. Part of Horizon 2020, the 80 B€ funding program is targeted for small and medium-sized businesses with high growth potential and global ambitions.
The European Commission has announced the first results of its new SME Instrument, launched under Horizon 2020 to help innovative small- or medium-sized companies get their ideas to the market. Aurelia Turbines Oy is one of the Finnish SME’s to receive funding from a highly competitive field of innovative European companies from which funding was granted for fewer than 6% of the applicants. Spinverse Oy assisted Aurelia Turbines in selecting the most suitable funding instrument and helped to prepare the application.
Many Finnish companies miss an opportunity to get EU funding because Finland lacks a national strategy to support this.
Column in Kauppalehti by Pekka Koponen 25.11.2013
Large corporations join Slush too!
The present year's Slush happening was a demonstration in force for Finland. 5000 people attended, 1000 companies, 100 billions worth of capital investors as well as domestic and foreign celebrities ranging from the President of Estonia to Miss Finland.
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.