May 31, 2019
The daily brief: 31 May 2019
Varjo and Volvo have launched technology that enables for the first time a driver to wear a mixed reality headset while at the wheel.
All the daily Finnish business news that works: Savosolar, Immersal, Troll Visual Effects, Varjo and the Kvarken Space Center make headlines.
The University of Vaasa‘s Kvarken Space Center has received EU funding, Troll Visual Effects has signed a deal with Netflix, Varjo has launched mixed-reality technology with Volvo, Immersal has raised almost one million euros, and Savosolar has extended a solar farm in Denmark.
Kvarken Space Center is an innovation centre for the space economy being co-established by several Finnish and Swedish universities and institutes. The University of Vaasa-led project has secured 1.86 million euros in funding from Botnia-Atlantica, an EU programme promoting interregional co-operation. The aim of the research and development project is to create a strong space innovation ecosystem in the Kvarken region shared by Finland and Sweden. A satellite will also be launched into space and a ground station for satellite data be deployed.
University of Vaasa
Finnish developer of high-end augmented reality (AR) headsets Varjo has launched the world’s first mixed-reality application for car development with Volvo. The Swedish car maker has also decided to invest in Varjo. The new solution consists of a Varjo XR-1 headset and Volvo Cars’ application that enable, for the first time, the driving of a car while wearing a mixed-reality headset and the adding of virtual elements and complete features to test scenarios. The technology promises to have a significant effect on car development, as new car designs can be evaluated and tested while literally still on the drawing board.
Tampere-based visual effects (VFX) studio Troll Visual Effects has become the first Finnish company to land a direct deal with Netflix. Troll will start to produce visual effects in Tampere for Netflix’s original productions, which are watched by millions of people worldwide. The deal will spur Troll’s growth and is believed to bring significant new VFX opportunities to the Tampere region and Finland in general.
Troll Visual Effects
Finnish company Savosolar has delivered a 4 835 square-metre extension to the Jelling solar thermal plant, increasing its area to 20 135 square metres. The second solar thermal plant was started up in April and, after a successful testing period, has now been handed over to Jelling Varmeværk.
Finnish AR technology company Immersal has raised 900 000 euros from angel investors, Sisu Game Ventures and Business Finland. Immersal will raise an additional 700 000 euros before finalising the investment round in the coming months. The Finnish company is also launching its visual positioning product, Immersal AR Cloud SDK, at AWE USA 2019.
Good News from Finland is published by Finnfacts, which is part of Business Finland
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