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  • Vigo - Tender for new accelerators
    implemented aiming to enhance the volume and quality of deal flow and improve the venture capital ecosystem so as to facilitate growth and internationalization Young innovative enterprises may be required to pay fees for the acceleration services they obtain Up to 9 000 euros per month of such fees may be covered by public funding Tekes estimates that each accelerator will maintain a portfolio of 5 12 young innovative enterprises at any time Private accelerators for the Vigo Programme are selected through a competitive tendering process run according to strictly defined procedures Tekes currently estimates that some 8 15 private accelerators will be selected for future four year framework agreements The selected private accelerators must fulfil several criteria The most important criteria are listed below 1 The accelerator must be a privately owned for profit limited company 2 The accelerator must be able to invest in the young innovative enterprises they accelerate 3 The managers of the private accelerator must own a substantial share of the accelerator company 4 The accelerator must have a specific industry focus based on the competence and experience of its managers 5 The accelerator must be able to appoint at least two full time managers 6 The accelerator s full time managers must have sufficient personal experience in establishing nurturing and internationalizing young innovative enterprises and or investing in young innovative enterprises Accelerators must provide their services mainly within Finland Services should be available both in Finnish and in English The accelerators will also be required to either set up their own pre seed and or seed funds or establish alliances with pre seed and seed stage funds and or angel investors so as to ensure early stage funding for the young innovative enterprises they will be working with Additional information Tekes is organising a

    Original URL path: https://vigo.fi/news-view.php?article=47&title=tender-for-new-accelerators (2016-05-01)
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  • Vigo - Arbitron Inc. Acquires Zokem, a Mobile Audience Measurement and Analytics Firm
    July 28 2011 PRNewswire Arbitron Inc NYSE ARB announced today that it has acquired Zokem Oy a Finland based mobile audience measurement and analytics firm for a payment of approximately 11 7 million in cash at closing with possible additional incremental cash payments through 2014 of up to 12 million based on future financial performance Zokem provides custom and syndicated mobile research panels plug and play mobile media measurement tools and software building blocks for mobile device tracking to the leading companies in the marketing research wireless Internet media and marketing industries Arbitron mediaroom Read more 2011 08 01 10 00 Marit Tuominen ARBITRON ZOKEM 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

    Original URL path: https://vigo.fi/news-view.php?article=48&title=arbitron-inc.-acquires-zokem,-a-mobile-audience-measurement-and-analytics-firm (2016-05-01)
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  • Vigo - Ductor Corp. gets R & D funding to biologically produce ammonia and phosphates - World's first 100 % organic method to replace chemical fertilizers and secure global food supply
    based on a 100 biological process utilizing a vast variety of organic waste streams such Meat and Bone Meal MBM biofuel production by products and and food waste Ductor technology has the potential to revolutionize food production by biologically creating ammonia and phosphates key ingredients in fertilizers and sources of important nutrients enabling cultivation of all plants This latest funding round allows us to complete our technology development and establish the business connections and contracts required for global commercialization and industrial production said Heikki Mönkkönen Chief Financial Officer of Ductor Ari Ketola CEO and Co founder of Ductor adds The nutrients produced by our proprietary bioprocess are also excellent for algae oil production Nutrients have been one of the key problems in commercially viable algae oil production By providing the ideal nutrients for algae in form of ammonia and orthophosphates in optimum quantities and amounts we can make algae green crude production profitable for the first time For more details please contact Jukka Ropponen COO by email jukka ropponen at doctor com or by mobile 358 400 423910 About Ductor Ductor Corp is a Finnish biotechnology company with a unique portfolio of proprietary and patented technology for biologically producing ammonia and phosphates from recycled materials and a process that makes production of green crude oil from algae commercially viable Licensed manufacturers can use the Ductor technology to produce green crude for the biofuel industry and organic fertilizers that are equal in strength to chemical fertilizers yet more environmentally sustainable www ductor com About Tekes TEKES The Finnish Funding Agency for Technology and Innovation is the main government financing organization for research and technological developments in Finland Tekes finances industrial R D projects as well as projects in universities and research institutes www tekes fi 2013 02 01 11 20 Marit

    Original URL path: https://vigo.fi/news-view.php?article=75&title=ductor-corp.-gets-r---d-funding-to-biologically-produce-ammonia-and-phosphates---world%27s-first-100-%-organic-method-to-replace-chemical-fertilizers-and-secure-global-food-supply (2016-05-01)
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  • Vigo - Clash of Clans creator passes EA as top iPhone and iPad game maker
    As of December 2012 Electronic Arts is no longer the highest grossing iOS game maker That distinction goes to Clash of Clans creator Supercell Melodramatic talk about big publishing versus small studios in the mobile market aside Supercell did indeed make more money than Electronic Arts over the course of November according to Gamasutra That victory over EA is impressive enough on its own since the publisher s titles like Plants vs Zombies Tetris and others consistently dominate the iOS bestsellers list but it s not the most impressive aspect of Supercell s feat It s the fact that Supercell did it with just two games Clash of Clans and HayDay two titles that didn t even break into the top ten bestsellers for the month By comparison Electronic Arts currently has 969 apps available in the iTunes App Store How is Supercell doing it Electronic Arts mobile gaming business has been booming on smartphones and tablets growing 98 percent between 2011 and 2012 Blake Jorgensen EA s CFO said reported in October that over the July to September quarter EA pulled in 89 million from its mobile gaming division 66 million of which came from smartphones and tablets How can a company with just two games top that haul By making 500 000 per day According to an October report in The New York Times Supercell s two games pull in half a million each day with 350 000 going to the developer after Apple takes its 30 percent cut of each sale No Supercell isn t taking down Electronic Arts EA pulls down almost three times the quarterly revenue Supercell is only starting to grow though and if the studio can expand beyond iOS and replicate its earning power on browsers and Android platforms the Finnish studio can

    Original URL path: https://vigo.fi/news-view.php?article=72&title=clash-of-clans-creator-passes-ea-as-top-iphone-and-ipad-game-maker (2016-05-01)
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  • Vigo - Groupon Acquires Social Recommendation App Ditto.me
    indicates that for Groupon this may have been mostly about bringing on talented employees through an acqui hire Hiring good engineers and designers is tough these days and Groupon has been on a shopping spree of sorts when it comes to mobile and location apps so this looks like a smart deal all around We ve reached out for more detail on the size of Ditto s team and whether they ll be relocating from San Francisco to Chicago this post will be updated with any feedback we receive Ditto was founded by Jyri Engestrom the Finnish tech entrepreneur who was previously best known as the co founder of Jaiku the microblogging site that was Europe s early answer to Twitter and was acquired by Google in 2007 Engestrom left the big G in 2009 to re enter the entrepreneurial space and the official launch of Ditto followed in March 2011 TechCrunch alum MG Siegler explained the app like this Ditto is an iPhone app in the location space that goes beyond the check in Sure that s one aspect of it but if Ditto works as intended it s hopefully only the end result It is about sharing your intent to do something instead of what you ve already done is how founder Jyri Engestrom puts it In addition to letting users plan places to go and things to do Ditto me would also let people canvass their friends for tips signaling that they want to eat but don t know where for instance That s when the social recommendation aspect of the app would kick in Overall Ditto was a nice twist on the classic location check in app and from a UI perspective it was quite well designed But the fact that Ditto is going to be

    Original URL path: https://vigo.fi/news-view.php?article=59&title=groupon-acquires-social-recommendation-app-ditto.me (2016-05-01)
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  • Vigo - Supercell's mega-exit - what can Germany learn from Finland's startup scene?
    below the basic standard interest rate but never fall below one per cent In either case the startup must meet certain legal requirements including a corporate headquarters in Finland definition as an SME by the EU Commission s standards and having raised no other public funding In addition in 2009 the Finnish Ministry of Employment and Economy launched a programme in cooperation with Tekes Finnvera private investors and serial entrepreneurs called Vigo which aims to bridge the gap between early stage tech firms and international venture funding It is formed by the Vigo Accelerators which consist of selected independent companies run by entrepreneurs and executives and include Cleantech Investment East Wings Gorilla Ventures Innovatum Partners KoppiCatch Lifeline Ventures Newentures Royal Majestic Helsinki Vendep and Veturi Venture Accelerator The most prominent startup supported by Vigo Accelerator Lifeline Ventures is the previously mentioned mobile gaming company Supercell Supercell grossed 100m last year in the Apple App Store and 179m in the first quarter of 2013 alone After expenses and Apple s 30 per cent cut the company netted 104m Another recent Vigo success story is KoppiCatch Accelerator s RapidBlue Solutions The company provides in store accounting services and was acquired by US based ShopperTrak this year Angry Birds A model for other countries to follow With huge successes such as Supercell and Rovio could other countries benefit from the Finnish model of public funding Opinions within Finland on the merits of public funding for startups differ Rovio CMO Peter Vesterbacka is the most prominent critic of public funding arguing that private venture capital won t enter a market where startups are supplied with public money On the other side of the debate Supercell CEO Ilkka Paananen has spoken out in favour of public funding programmes and pointed out that without the support of Tekes Supercell would not have been possible Due to the complexity of this topic and changing concepts of public funding it is not all that easy to take sides in this discussion With the Vigo programme where two thirds of the funds raised by the startups typically come from private sources including international VCs even the line between public and private funding is vanishing A favourable legal framework Finnish corporate law also suits startups well by offering a good legal framework for both founders and investors The Finnish limited liability company is the Osakeyhtio Oy The minimum legal capital requirement for a non public Oy is 2 500 compared to the 25 000 required for a German GmbH The registration of a company takes 12 workdays on average and the typical fee is 380 euros with a reduced online registration fee of 330 On the investors side unlike the German GmbH shareholders of an Oy can agree on disproportional voting rights within corporate by laws something most venture capital investors appreciate In effect a VC investor with a minority share stake can extend their voting rights and achieve control of the target company Those familiar with the GmbH and

    Original URL path: https://vigo.fi/news-view.php?article=88&title=supercell%27s-mega-exit---what-can-germany-learn-from-finland%27s-startup-scene- (2016-05-01)
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  • Vigo - Three Vigo Portfolio Companies Among Red Herring Top 100 Finalists
    qualitative criteria such as financial performance technology innovation quality of management IP creation CAGR execution of strategy and disruption in their respective industries After one final stage of judging a live presentation at the Red Herring Global Forum in Los Angeles on November 27 29 the 2012 Top 100 Global Winners will be selected More information www redherring com Hyper in brings a game changing solution for people who MANAGE shopping malls by providing all the tools for multi channel communication collaboration and integration between mall managers and the tenants Senseg has developed a range of tactile pixels or tixels which can be applied in ultra thin coatings on many kinds of devices to give user interactions an extra sensual dimension Thinglink is a ground breaking photo tagging service that makes it easy to add clickable tags to images on the web including images shared through social networks 2012 11 14 10 00 Marit Tuominen FINALISTS RED HERRING TOP 100 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=5&title=three-vigo-portfolio-companies-among-red-herring-top-100-finalists (2016-05-01)
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  • Vigo - Lifeline Announces €20 Million Fund
    of the fund lifecycle will be used to make new investments and the latter five will be used for follow up investments The overall focus industry wise resembles that of the current work Lifeline Ventures is doing meaning health games web and general high technology Regarding lifecycle the firm plans to invest into early stage companies that are seeking angel seed and A round investments This is slightly different from what they ve done so far For example in the case of Grand Cru Games Lifeline Ventures was one of the founding investors to get the company going Koponen anticipates the fund to make some 10 to 20 investments over the years meaning each firm would be receiving as initial and follow up investments somewhere between 500 000 and 1 million As Lifeline Ventures is also part of the Vigo accelerator program it has been bound by the rules set in there to which companies to invest in as the government support that leverages those investments is limited to Finnish companies only With the new fund Lifeline Ventures is not bound by similar restrictions and aims to invest into some companies outside of Finland as well During the past two years Lifeline Ventures has invested into 18 early stage companies together with some of the most respected international investors such as Accel Partners Index Ventures and True Ventures Together the companies have raised some 35 million in financing This is a great initiative and even greater is to see the bigger institutional investors on board who have been missing out in the past few years Hopefully this is a growing trend and we will see more of similar efforts being put into place in the coming years 2012 03 21 09 39 Marit Tuominen FUND LIFELINE 0 Recent Articles Cleantech

    Original URL path: https://vigo.fi/news-view.php?article=58&title=lifeline-announces-%C3%A2%C2%82%C2%AC20-million-fund (2016-05-01)
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