TECHNOPOLIS PLC PRESS RELEASE May 6, 2010, at 12:00
IN A YEAR, NOKIA TECHNOPOLIS INNOVATION MILL CREATED MORE THAN 100 JOBS AND
ENABLED MORE THAN €5M IN ANGEL AND VENTURE CAPITAL FUNDING
Last year, Nokia, Technopolis and Tekes launched Nokia Technopolis Innovation
Mill, an initiative aimed at strengthening Finland's ICT cluster and spurring
companies to create globally competitive products and services. The programme
has now stimulated the creation of 12 new companies and 120 new jobs, and
Innovation Mill companies have raised over five million euros in angel and
venture capital funding.
“The programme has gotten off to an encouraging start. Nokia wishes to offer
support to Finnish ICT companies and help them to be competitive on an
international scale. Collaborative initiatives of this kind benefit the
community as a whole," says Mr. Esko Aho, Nokia's Executive Vice President,
Corporate Relations and Responsibility.
A three-year initiative, the Nokia Technopolis Innovation Mill has succeeded in
building a new model for generating new businesses, products and services in
Finland. It is the result of cooperation among three parties, namely: Nokia,
Tekes, which generates funding and also Technopolis, which coordinates the
initiative and provides business development services to support the funding
effort. In addition, these parties work very closely with 10 cities around
Finland to provide funding and provide excellent support for the companies.
The initiative has reshaped traditional business models by offering the
participating Finnish companies funding and business development services, in
addition to providing potentially successful innovations.
“We have now surpassed the goals we set for the first year of the initiative.
By utilizing the existing innovations of Nokia's research and development and
conveying ideas to Finnish ICT companies, we have reached our goal of
stimulating the creation and growth of SMBs and jobs in Finland," says Mr.
Keith Silverang, CEO of Technopolis.
Technopolis is a publicly listed company that specializes in operating
environments and services for knowledge-intensive organizations.
12 NEW BUSINESSES IN THE FIRST OPERATING YEAR
In its first stages, the Nokia Technopolis Innovation Mill evaluated thousands
of ideas, approximately 100 of which ended up as part of the initiative.
Through Nokia's contribution in terms of ideas, Technopolis' business
development services as well as funding by Tekes and participating Finnish
cities, 12 new businesses with significant growth potential have been created.
The ideas considered included innovations in the areas of environmental and
energy-related solutions, location-based services, near field communication,
security, healthcare and future internet services. In the first year of the
initiative, 18 companies in all received positive funding decisions.
Approximately ten more such decisions are expected to be made over the rest of
Tekes, the Finnish Funding Agency for Technology and Innovation, provides half
of the programme's overall public funding. The remaining half comes from the
participating cities, which aim to develop their local ICT sectors.
”The results of the programme have exceeded expectations, and we at Tekes are
very pleased. One of the focuses of our operations is to promote the
development of new companies. The Nokia Technopolis Innovation Mill has already
shown its merit in this direction. For years now, Tekes has discussed such an
opportunity in many contexts. It is wonderful to see how Nokia has begun to
realize the idea," says Dr. Saarnivaara, Director General of Tekes.
“Corporate responsibility has been an important starting point for us. Only a
small portion of Nokia's ideas are developed into products and services, which
is why it is great to be able to use the Innovation Mill programme to find new
environments where these ideas may flourish," says Aho.
The Nokia Technopolis Innovation Mill initiative aims to produce more positive
funding decisions during the year and aims to produce development projects with
a value of 8 million euros, of which 4.5 million would come in the form of
”The results of the initiative will be reviewed during autumn 2010. Based on
results and feedback from other companies, Tekes will also consider possible
extension of the initiative”, Saarnivaara comments.
Press services, Nokia
Tel +358 7180 34 900 (Press services), email firstname.lastname@example.org
Keith Silverang, CEO, Technopolis
Tel +358 40 566 7785, email email@example.com
Juha Tanskanen, Senior Technology Adviser, Tekes
Tel +358 50 557 7860, email firstname.lastname@example.org
At Nokia, we are committed to connecting people. We combine advanced technology
with personalized services that enable people to stay close to what matters to
them. Every day, more than 1.2 billion people connect to one another with a
Nokia device - from mobile phones to advanced smartphones and high-performance
mobile computers. Today, Nokia is integrating its devices with innovative
services through Ovi (www.ovi.com), including music, maps, apps, email and
more. Nokia's NAVTEQ is a leader in comprehensive digital mapping and
navigation services, while Nokia Siemens Networks provides equipment, services
and solutions for communications networks globally. www.nokia.com
Technopolis Plc provides business environments and services for
knowledge-intensive companies and organizations. The service portfolio ranges
from comprehensive business and development services to modern premises.
Currently, close to 1,200 companies with 16,000 employees operate in the
Technopolis centers located in Espoo, Jyväskylä, Kuopio, Lappeenranta, Oulu,
Tampere and Vantaa in Finland, and in St. Petersburg in Russia. Technopolis Plc
is listed on Nasdaq OMX Helsinki. www.technopolis.fi
Tekes, the Finnish Funding Agency for Technology and Innovation, is the main
government funding and expert organisation for R&D and innovation in Finland.
Tekes finances industrial R&D projects as well as projects in universities and
research institutes. Approximately half of Tekes funding is channeled through
its diverse range of programmes. www.tekes.fi/eng