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Courage Ventures Seed Fund Announces First Two Investments

New seed and early stage fund based in Helsinki invests in companies that improve human well-being through digital means.PRESS RELEASE, 29 November, 2016 Courage Ventures announces the first closing of its new seed and early stage fund based in Helsinki. We invest in Finnish companies that improve human well-being through digital means in health and wellness, education and environment-related industries.  We seek companies that wish to expand rapidly to international markets, especially to the United States.  We are excited to announce our first two investments in The Mighty United Oy (

AK‐Service Ltd opens their first European office in Helsinki

PRESS RELEASEFebruary 16, 2015 Russia’s market leader of onboard service products, AK-Service Ltd, has opened their first European office in Helsinki, Finland.AK‐Service Ltd registered in Finland under the name Sky Life Ltd. in January 2015 and is currently looking to hire Finnish sales people to work for their new office in Helsinki. AK‐Service is the biggest manufacturer and supplier of travel amenity kits and travel accessories in Russia and the CIS‐countries. “Our plan is to expand our sales first in Finland and then enter the European markets. The new office will be our main

Welcome to hear about a design-build competition for Finland's prime location

A design-build competition for Finland’s new central business and residential district will be launched in autumn 2015.The State of Finland and the City of Helsinki are seeking a developer for the Pasila tower area close to Helsinki city centre by means of a design-build competition. A high-quality residential, office and business entity comprising 150,000–200,000 square metres of floor area is being planned for Pasila. The winner of this design-build competition will be selected on the basis of the quality of the plan. The winning developer will be able to purchase the right to develop

Internet-free mobile payment startup, IroFit, raises $600K in seed funding led by Inventure

Revolutionary startup brings integrated mobile payments to small businesses in emerging marketsHELSINKI 11.11.2014 Mobile payment startup IroFit announced today that it raised $600,000 in the seed round led by Inventure, a leading Nordic early-stage VC firm. Other participants in the round include Solinor, a major payments- industry software development company, and Rasheed Olaoluwa, an industry expert. The funds will be used to finalize IroFit’s proprietary platform and launch the service in Nigeria. IroFit provides a seamlessly integrated mobile platform for small businesses to

ScratchDuino is the first OpenSource Robotics Kit for education in Finland

With a support of MOCT project led by Finnish Ministry of Employment and the Economy, Russian educational platform ScratchDuino plans to enter Finnish market with their open source robot-designing kit. Representatives of ScratchDuino team recently finished their business tour of 4 Finland regions (Helsinki, Kotka, Tampere, and Lahti) where they had several days of individual consultations and meetings with Finnish experts and partners. They also took part in “Subcontract 2014” expo in Tampere. ScratchDuino is one of the 10 finalists of the first Russian-Finnish business contest –

GrayMatter acquires Talents Technology Oy in Finland

GrayMatter Software Services Oy acquires Talents Technology Oy, Finland in a quasi-acquisition deal to jump start operations in Finland. This transaction demonstrates intent and speed of execution shown by GrayMatter worldwide towards ramping up their global R & D operations in Finland. The Airport Analytics (AA+) product is already on the global map with a few strategic deployments establishing the product solution as a game-changer for the Airport industry. Tekes grant (Tekes is the Finnish Funding Agency for Innovation) for the product innovation R&D of AA+ only highlights the market

Tekes funds GrayMatter’s Airport Analytics (AA+) product innovation

GrayMatter Software Services Oy, Finland has received Tekes funding for its R&D program for its globally acclaimed and preferred Airport Analytics (AA+) product. This Airport Analytics product is the first of its kind addressing the airport operator’s comprehensive BI, Analytics & data consolidation need across its complex maze of stakeholders. AA+is a game-changer solution in BI for airport industry globally with some highly successful implementations already deployed. GrayMatter approached Tekes for a three year R&D investment plan for over 10 million euro’s to take its AA+product far

The first Russian full service law firm to open office in Helsinki

Helsinki, March 24, 2014 Capital Legal Services has announced the opening of its Office in Helsinki, and it will be the first Russian full service law firm to do so. The Helsinki office is a logical next step for Capital Legal Services, which regularly assists major Finnish companies doing business in Russia. The team has vast experience in trans-border projects and is focused on increasing support of the companies coming into Russia from Finland. Vladislav Zabrodin, Managing Partner of Capital Legal Services, commented: “This is an exciting moment for us. Finland is a key market and

TELROCK DEVELOPS MOBILE ENGAGEMENT PLATFORM FOR CUSTOMER SERVICE IN FINLAND

6 March 2014 at 10.00 CET +3 Telrock Technologies, Ltd., an international software development company focusing on mobile-centric customer service, will open offices in Helsinki and Oulu, Finland. The operations in Finland will focus on developing Telrock’s new API-enabled, cloud-based Mobile Engagement Platform. The company will employ approximately 50 people in Finland.Telrock provides an enterprise grade software solution that delivers automated self-serve customer service applications, on mobile and connected devices. Some of the world’s largest utilities and financial institutions,

Finnish next generation mobile health know-how goes on stage at Mobile World Congress in Barcelona

Press release 24 February 2014 Nine Finnish mobile health companies are showcased at Team Finland stand in Mobile World Congress 2014 in Barcelona, February 24 – 27.Beddit, Caktus, PulseOn, Firstbeat, Lewel, Framgo, HeiaHeia, Korulab and Omegawave are all at the forefront of cutting-edge health and wellness technology solutions. With their state-of-the-art sensing, imaging, tracking and monitoring capabilities these companies help people to sleep and feel better, gain optimal hydration and get motivated in exercising in the most intelligent manner. Mobile is becoming catalyst for

Over 100 Russian business professionals arriving to Helsinki

Finland provides the stepping-stone for Russian companies looking into international markets.Press release 19 November 2013 The second annual Finnish-Russian business summit, Rubicon Forum, is held in Finlandia Hall on November 28-29, 2013. Next week Russian companies will study the best practices for internationalization and entering European markets through Finland at Rubicon Forum business summit (28-29 November). Numerous Finnish service providers will showcase their expertise in collaborating with Russian companies. These Finnish service providers will represent a wide rage of

Startups and real-time crowdfunding meet in Helsinki for the first time in history

Press release 18.11.2013 On 20 November, startup-to-investor pitching event PitchHelsinki combines live-streamed startup pitches with real-time crowdfunding opportunities on a global scale.Helsinki’s startup buzz continues after Slush when the world’s first real-time equity based crowdfunding event PitchHelsinki Fall 2013 will be live-streamed around the world. The event brings on stage six exciting ICT, music, wellness and cleantech startups looking for crowdfunding. These companies are: Audrey, Avansera, Blogat, Exaget, Playmysong and Tespack. Companies' profiles are available for

Nintendo, Square Enix and CROOZ mapping Finnish gaming knowhow at Slush

Press release 13.11.2013 Four gaming giants are arriving to Helsinki to check out Greater Helsinki’s bustling gaming scene at Slush on November 13-14.Among the 5000 registered participants of Europe’s biggest startup event Slush are the global gaming giants Nintendo, Square Enix and CROOZ. Nintendo of Europe’s Game Evaluation Manager Tim Symons says the company is particularly curious to get to know Finnish game developers. - We are keen to meet with the independent developers that are interested to learn more about self-publishing on Nintendo platforms or want to propose original

Europe attracts neurotech investors and pharmaceutical companies

– the 2nd European Neurotech Investing and Partnering Summit in Helsinki, September 4-5,  2013Press release September 3, 2013 Location: Scandic Grand Marina and Congress Center, Helsinki Neurotech giants revisit Helsinki for the 2ndEuropean Neurotech Investing and Partnering Summit on September 4-5, 2013. Major health players such as Merck, Medtronic, GlaxoSmithKline, Genentech, Boehringer Ingelheim, Johnson & Johnson, and UCB Pharma are coming to learn about the latest research developments and business opportunities that Europe has to offer. Over forty executives will present the

Neurotech industry giants and investors returning to Helsinki

– the 2ndEuropean Neurotech Investing and Partnering Summit, September 4-5,  2013Press release August 19 2013 Location: Scandic Grand Marina and Congress Center, Helsinki Neurotech giants revisit Helsinki for the 2ndEuropean Neurotech Investing and Partnering Summit on September 4-5, 2013. Major health players such as Merck, Medtronic, GlaxoSmithKline, Genentech, Boehringer Ingelheim, Johnson & Johnson, and UCB Pharma are coming to learn about the latest research developments and business opportunities that Europe has to offer. Over forty executives will present the latest treatments

Finnish researchers are collaborating with international colleagues to help us understand how we learn

Over the past decades Finland has invested heavily in research and development in the field of biotechnology and life sciences. Close collaboration between companies, universities and research institutes have provided a fruitful development environment for the Finnish life science industry.There are currently more than 15 life science-related universities and institutions in Finland, feeding innovation into more than 150 companies operating in the Finnish life science sector. In the area of Greater Helsinki alone there are altogether over 300 active life science companies. One great

Finnish innovations bring valuable solutions to medical technology market

The medical technology market is growing and the positive development in the market has brought about an innovation boom. Health challenges and the increasing resource and cost pressures facing health care systems today demand increasingly cost-effective solutions. Finnish medical technology companies have come up with new innovative ways to tackle these problems.Optimizing cost-efficiency in medical device development In the field of healthcare technology, clients and investors appreciate it when companies focus on their core competencies and outsource industrial product development and

The flow of foreign direct investments to Helsinki continued to increase in 2012

Press release June 6th, 2013 The Helsinki region attracted more foreign direct investments (greenfield investments) in 2012 than the year before. The growth rate was 13 per cent. Helsinki has experienced a steady increase in foreign direct investments despite the challenging global economic situation. One key reason behind Helsinki’s success is the availability of highly-skilled and knowledge-driven workforce.Helsinki, the capital of Finland, continued to attract foreign direct investments in 2012 even though Europe experienced an overall decline in deal flows. The number of organic or

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