May 19, 2020

DAILY BRIEF: Cutting-edge research, big funding, clean indoor air, industry and telecom

Professor Arto Urtti is the first researcher in the Nordics to receive the prestigious Takeru and Aya Higuchi Memorial Lectureship Award.
University of Helsinki

All the daily Finnish business news that works: Wolt, Air0, University of Eastern Finland, Metso, Nokia and VTT make headlines.

Wolt raises 100 million euros, Air0 brings a high-end air purification system to the UK, the University of Eastern Finland’s professor Arto Urtti receives a prestigious science award, Metso expands its production capacity in Sweden, Nokia wins a 5G deal in Taiwan, and VTT is set to bring the first quantum computer to Finland.

Wolt raises EUR 100 million and launches in Malta

Finnish food delivery company Wolt has raised 100 million euros from previous investors ICONIQ Capital, Highland Europe, 83North and EQT Ventures, and secured a new investor in Goldman Sachs Growth Equity. The capital will be used to prepare for the uncertainty brought on by the COVID-19 outbreak. Wolt has also launched its food delivery app in Malta, where it aims to cover the entire island and the adjacent sister island of Gozo in the coming weeks. Wolt currently operates in 22 countries and 80 cities.

Wolt

Air0 and Welltek bring air purification solution to the UK

Finnish health technology company Air0 is collaborating with Welltek, a company specialised in office wellbeing products, to bring its complete air purification system to the UK market. Air0 Clean Air System is highly efficient in purifying indoor air from viruses and other harmful pollutants to ensure the air is clean and safe to breathe. The collaboration commenced just before the UK was forced into lockdown due to COVID-19.

Air0

Professor Arto Urtti receives Japanese science award

Arto Urtti, a professor of biopharmacy at the University of Eastern Finland, has been recognised with the highly prestigious Takeru and Aya Higuchi Memorial Lectureship Award by the Academy of Pharmaceutical Science and Technology of Japan. The award is given every two years for groundbreaking drug research. Urtti is the first recipient of the award in the Nordics and only the seventh in Europe. His research focuses on the delivery of drugs into cells and tissues and on developing novel computational and cell models for drug research.

Screenshot / University of Eastern Finland

Metso installs mega-class compress press in Sweden

Finnish company Metso is installing a mega-size compress press at its Trelleborg factory in Sweden, which will increase its consumables wear parts production capacity and expand its product range. The robust technology and large size of the machinery enables the unique press to produce parts weighing up to eight tonnes, such as mill lining wear parts. The press is the first in a series of three similar machines Metso is investing in to the total tune of 10 million euros. Due to the restrictions brought on by the COVID-19 outbreak, the installation is carried out with remote support from the supplier’s experts in Australia and China.

Metso

Nokia lands 5G deal from Taiwan Star Telecom

Finnish company Nokia has been selected by Taiwan Star Telecom (TST) as its 5G network provider. Nokia is the only supplier in the deal and will provide its end-to-end AirScale Radio Access network portfolio to help TST to launch 5G non-standalone networks and lay the foundation for 5G standalone. The early deployment is expected to cover 126 commercial districts and retail zones by the third quarter of 2020, with 80 per cent of metropolitan areas covered by 2023. Nokia has previously installed TST’s LTE network.

Nokia

VTT to acquire Finland’s first quantum computer

VTT Technical Research Centre of Finland has launched an initiative to bring the first quantum computer to Finland. Read more about it in our breaking news article by clicking the headline.

VTT

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