The penny bid auction site founder William Wolfram has won the top prize of EUR 50.000 of “Timangi 2011”- competition which is targeted to young Finnish entrepreneurs. The competition is organised by Finnish Ministry of Employment and Economy.
Wolfram, who is only 19-years old, is a founder of DealDash which is a penny bid auction site with the gaming and social networking functionalities. This innovative approach was praised by the jury. DealDash currently employs around 20 people, and its turnover for the first 7 months of 2011 was EUR 2.5 million.
The second prize, EUR 30.000, was awarded to shoe designer Minna Parikka who has built her internationally recognised brand in past five years. Her company, Minna Parikka Shoes, employs currently five people and her shoes are exported to 17 countries. According to the jury, Parikka has shown “that pure determination can lead to success in highly competitive markets.”
The third price was awarded to Janne Kuulasvuo who started his company Gles in 2005. The company operates rental and site services including diamond cutting and boring, and employs currently 33 people. The technologies developed by company aim to improve safety and health conditions on the building and demolition sites. Kuulasvuo got accolades from jury for the company’s employment and education policies which enable young people to enter job markets.