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  • Vigo - Gorilla Ventures launches new fund
    first real angel fund in Finland Fund will be managed by Gorilla Ventures www gorillaventures fi whose managers will take an active business development role in the companies being invested in to maximize the investors return Gorilla Ventures is one of the Vigo accelerators in Finland www vigo fi Gorilla Acceleration Fund has seventeen Limited Partners LP s and sixteen of them are private angel investors The private investments have been matched by an investment from Veraventure http www finnvera fi Gorilla Ventures managers have extensive experience as entrepreneurs and have worked with startups for several years The objective of the fund is to invest primarily in cases which will not need VC level funding before exit giving further investment opportunities for private angels Finnish business angel scene has recently seen a surge of start ups and the increase of angel activity The surge of start ups have been driven by widely acclaimed incubation programs at Aalto University the Startup Sauna and their Slush event The increased angel activity has been supported by the forming of Finnish Business Angels Network FIBAN www fiban org FIBAN is at the present one of the most active angel networks in Europe and has hosted visits by some of the leading angels in world such as Nelson Grey and Bill Payne Some of their experiences and best practices are being implemented in the Gorilla Acceleration Fund More information Mr Petri Lehmuskoski email protected http fi linkedin com in plehmuskoski 2014 01 14 11 09 Marit Tuominen GORILLA VENTURES 0 Recent Articles Cleantech Invest shifts to an independent board of directors as Matti Vuoria Peter Carlsson and James Penney candidates to the new board 2016 03 30 08 53 Finnish Startup Investments Jumped 23 In 2015 2016 03 21 09 10 Vendep s portfolio company

    Original URL path: https://vigo.fi/news-view.php?article=92&title=gorilla-ventures-launches-new-fund (2016-05-01)
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  • Vigo - Earth's Magnetic Field Adapts Role Of GPS Inside Buildings
    that every spot produces a unique pattern Each building floor and corridor creates a distinct magnetic field disturbance that can be measured to identify a location and generate a map explains Dr Haverinen When iPhone and Android phones arrived with built in compasses we realized that we could develop an innovative indoor navigation solution by applying our digital signal processing expertise continues Dr Haverinen Until now it has been necessary to install Wi Fi networks or other beacons inside buildings for location based services With our software however mobile apps can locate a mobile phone user in the building by utilizing nature s infrastructure the Earth s magnetic field Dr Haverinen s research team has founded IndoorAtlas Ltd to commercialize the innovation Towards that end Mr Harry Santamäki CEO of KoppiCatch Inc a Helsinki based business accelerator company states We have worked with the research team for over a year and are pleased to announce a seed capital investment commitment to bring this promising company to the global market Mr Pekka Räsänen Innovation Director at the University of Oulu comments that Our University is proud of the world class research team headed by Dr Haverinen This venture is an excellent example of our proactive innovation processes We have seen the potential in IndoorAtlas innovation and hence we invested in it to take it from an idea to a technical solution with IPR protection says Mr Pekka Rantala Director of the Foundation for Finnish Inventions Keksintösäätiö For more information please contact Dr Janne Haverinen IndoorAtlas Ltd email protected phone 358 45 8994520 Mr Harry Santamaki KoppiCatch Inc email protected phone 358 400 602024 Mr Pekka Räsänen University of Oulu email protected phone 358 400 582254 Mr Pekka Rantala Foundation for Finnish Inventions email protected phone 358 20 737 3000 2012 07

    Original URL path: https://vigo.fi/news-view.php?article=62&title=earth%27s-magnetic-field-adapts-role-of-gps-inside-buildings (2016-05-01)
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  • Vigo - Direct funding in the start-ups exceed EUR 100 million mark
    as well as to accelerate their development and help growth companies reach international markets The accelerators participating in the program are independent companies led by experienced entrepreneurs whose task it is to speed up the growth and international expansion of the companies of their choice The accelerators selected for the program through a public contest invest both human and material capital in their chosen companies The central objective of the program is to increase the appeal of the growth companies to private equity by renewing the equity investment operations through the work of the owners of the accelerators and the serial entrepreneurs working full time for them The target is to achieve more than EUR 200 million in private equity investments for the accelerators target companies and funds The program is well on its way to achieving that target says Seppo Ruotsalainen from Profict Partners Oy who manages the program Tekes and Finnvera are tasked with supporting the growth companies with public funding A steering group set up by the Ministry of Employment and the Economy guides the actualisation of the program and Tekes is responsible for its implementation For further information please contact Seppo Ruotsalainen Profict Partners Vigo Coordinator seppo ruotsalainen a profict fi tel 358 400 502 569 Petri Niemi Vigo Steering Group Chairman petri niemi a g2invest com tel 358 400 511 493 About the Vigo Program The Finnish Ministry of Employment and Economy launched the Vigo Program in 2009 with an objective to create new growth companies in Finland and to accelerate their growth and internationalization The purpose is to engage experienced business professionals to develop new innovative companies and to attract significant venture capital investments from Finland and abroad The objectives also include increasing the efficiency of Finland s venture capital market Public funding sources

    Original URL path: https://vigo.fi/news-view.php?article=4&title=direct-funding-in-the-start-ups-exceed-eur-100-million-mark (2016-05-01)
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  • Vigo - SENSEG NAMED TO TIME MAGAZINE'S '50 BEST INVENTIONS' LIST
    technology is incorporated into a touch interface device application developers have precise control over the specific location and type of haptic effects that users experience Senseg effects have a very broad dynamic range both in the type of effect delivered and their intensity With Senseg application designers use feel to both guide and reward user actions whether it is used to minimize visual focus required for accurate operation or to enrich a multi modal experience that incorporates graphics sound and touch By engaging the sense of feel Senseg brings a new dimension of interaction to touch interfaces We can now feel the pluck of guitar strings in a music app feel sand when accessing images of the Gobi Desert or feel the corner of a page when reading a book on a tablet Content producers can engage their users with tactile experiences that complement their sound text and images said Ville Makinen the founder and CTO of Senseg We are delighted to be included in Time s list of the 50 best inventions and we look forward to providing their readers and the industry with engaging tactile experiences About Time Inc Time Inc a division of Time Warner is one of the largest branded media companies in the world The company s magazines reach more than 110 million Americans each month and its websites attract nearly 50 million unique visitors each month With influential brands such as TIME PEOPLE SPORTS ILLUSTRATED INSTYLE and REAL SIMPLE Time Inc is home to celebrated events and franchises including the FORTUNE 500 TIME 100 PEOPLE s Most Beautiful and SPORTS ILLUSTRATED S Sportsman of the Year About Senseg Senseg is the leader in next generation haptic technology Founded in 2006 the company s initial research in the medical technology business led to breakthroughs in

    Original URL path: https://vigo.fi/news-view.php?article=55&title=senseg-named-to-time-magazine%27s-%2750-best-inventions%27-list (2016-05-01)
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  • Vigo - SoftBank Buys USD1.5 billion stake in Supercell
    of its quest to become the 1 mobile Internet company showing his ambition to expand further beyond its main wireless and Internet services business Mobile games are a growth market however franchises in mobile have been particularly tenuous Hudson Square Research analyst Daniel Ernst said Look at the experiences of Zynga and Glu From that perspective the Supercell deal is potentially risky But it s a talented team and Softbank thinks very long term Ernst said The deal underscores the spectacular rise of Supercell which was founded in 2010 Its hit games Clash of Clans and Hay Day reached No 1 in Apple s App Store in 137 and 96 countries respectively SoftBank said citing app analytics firm AppAnnie Supercell and GungHo developed a relationship after striking a partnership to launch strategy game Clash of Clans in Japan this July Supercell CEO Ilkka Paananen said in a telephone interview How this came about is we ve been very excited about the Asian market and Japan especially for the last 6 to 9 months since we launched Clash in Japan and it obviously started to do very well Paananen said Clash of Clans ranks among the top three iOS games in Japan and China he added Last year sales at Supercell rose by more than 500 times to 78 4 million euros compared with 2011 according to a filing by SoftBank while turning a profit of 39 2 million euros after a loss of 1 8 million in 2011 Now that we have Softbank backing us we can take our existing games to new markets and strengthen our position in the big three Asian markets Japan Korea and China Paananen said Supercell also plans to release new games at some point Paananen said without providing a timeline SoftBank has the third largest market capitalisation in Japan and is set for a major windfall as Alibaba China s top online retailer in which it owns a 36 7 percent stake is preparing for a stock market listing Moreover the tech and telecoms giant is also in final stages of talks to buy a majority stake in U S wireless device distributor Brightstar Corp in a deal estimated to be worth slightly more than 100 billion yen according to a Nikkei report MEGA DEAL Since Electronic Arts 1 3 billion purchase in 2011 of casual and mobile game maker PopCap known for Plants vs Zombies Softbank s investment is the first billion dollar mobile gaming deal PopCap s revenue was over 100 million in 2010 before its acquisition Supercell is raking in about the same with sales of about 106 million or 78 4 million euros last year according to Softbank s filing Venture Capital firms like Index Ventures Accel Partners and Atomico have invested in Supercell over the last two years Supercell said earlier this year that it had raised 130 million through a secondary funding round led by Index Ventures in February at a valuation of 770 million Globally mobile game

    Original URL path: https://vigo.fi/news-view.php?article=87&title=softbank-buys-usd1.5-billion-stake-in-supercell (2016-05-01)
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  • Vigo - Here's Why Finland is A Great Place to Run A Startup
    example Rovio s former Executive Vice President for games Petri Jarvilehto left to create his own startup called Seriously another gaming company However there s no bad blood there Rovio is still rooting for Jarvilehto to do well in his new venture The government provides financial assistance to startups Finnish government backed public agency Tekes invested 135 million in growth startups last year Tekes has backed hundreds of companies since its founding 1983 including Nokia Rovio and Supercell School in Finland is free even higher education That means there s a lot of really intelligent people to hire Everything is really clean in Helsinki Finland hosts one of the most leading startup conferences in Northern Europe and Russia called Slush In Finland it s OK to be different At some startups like Supercell it has a strict no shoes policy for employees Saunas are big part of Finnish culture There are an estimated over 2 million saunas throughout Finland One entrepreneur told Business Insider that deals have likely been made in a sauna Failure is celebrated in Finland Rovio made over 51 games before reaching success with Angry Birds Supercell a multibillion dollar company pops a bottle of champagne when it fails Finland has one of the world s lowest infant mortality rates For the last 75 years the Finnish government has provided a maternity package to expecting mothers It contains a starter kit of clothes sheets bathing products and toys Bonus Santa Claus home is located in Korvatunturi Finland 2013 11 21 08 18 Marit Tuominen FINLAND STARTUP 0 Recent Articles Cleantech Invest shifts to an independent board of directors as Matti Vuoria Peter Carlsson and James Penney candidates to the new board 2016 03 30 08 53 Finnish Startup Investments Jumped 23 In 2015 2016 03 21 09

    Original URL path: https://vigo.fi/news-view.php?article=90&title=here%27s-why-finland-is-a-great-place-to-run-a-startup (2016-05-01)
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  • Vigo - Transfluent Translating Spanish Football Clubs Social Media To Four Languages
    Arabic The clubs will still be posting in Spanish but all outgoing messages will be visible to fans in their native languages Transfluent acts like a complete middleman Fans can write comments and ask questions in their native language and the club can read and reply using Spanish which will then be translated again Our fans are important to us We know we have loyal fans all over Europe Asia and the Middle East Talking to them wherever they are in the world is an incredible opportunity says Fran Romera Marketing Manager of Sevilla FC Helsinki based Transfluent recently announced a 1 million round and has opened offices in New York and Singapore The company employs 15 000 freelancers and supports 60 languages The company prides itself in fast turnaround times allowing translations to appear in near real time The average turnaround of a Twitter post is five minutes Source Arctic Startup 2012 10 04 09 41 Marit Tuominen TRANSFLUENT 0 Recent Articles Cleantech Invest shifts to an independent board of directors as Matti Vuoria Peter Carlsson and James Penney candidates to the new board 2016 03 30 08 53 Finnish Startup Investments Jumped 23 In 2015 2016 03 21

    Original URL path: https://vigo.fi/news-view.php?article=65&title=transfluent-translating-spanish-football-clubs-social-media-to-four-languages (2016-05-01)
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  • Vigo - Transfluent wins MindTrek LaunchPad 2011
    Transfluent wins MindTrek LaunchPad 2011 Transfluent is the winner of the MindTrek LaunchPad 2011 main prize of 15 000 Transfluent is a service that offers near real time professional translation to social media feeds and websites Moreover the winner will receive expert business development services in the form of half day s legal consulting IP and contracts from Lexia Lexia is internationally recognized as one of the leading Finnish law firms in the fields of intellectual property technology and media www mindtrek org 2011 10 03 12 05 Marit Tuominen MINDTREK TRANSFLUENT 0 Recent Articles Cleantech Invest shifts to an independent board of directors as Matti Vuoria Peter Carlsson and James Penney candidates to the new board 2016 03 30 08 53 Finnish Startup Investments Jumped 23 In 2015 2016 03 21 09 10 Vendep s portfolio company AlphaSense raises USD 33 million 2016 03 07 08 35 ZenRobotics News Waste sorting robots to the USA 2016 03 03 09 03 Vigo on kiihdyttämöohjelma innovatiivisille nuorille yrityksille joilla on kansainvälistä potentiaalia ja halu kasvaa Vigo ohjelma yhdistää innovatiiviset liikeideat kansainvälisesti kokeneet yrittäjyyden ammattilaiset sekä julkisen että yksityisen Our Latest News Cleantech Invest shifts to an independent board of directors as

    Original URL path: https://vigo.fi/news-view.php?article=52&title=transfluent-wins-mindtrek-launchpad-2011 (2016-05-01)
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