June 8, 2020
DAILY BRIEF: Digital design, video analysis, solar water, quantum computing and clean construction
Glowdia's online service makes remote interior design planning easy and affordable.
All the daily Finnish business news that works: AISpotter, Solar Water Solutions, Glowdia, VTT and Tampere University make headlines.
AISpotter is selected for a leading European accelerator, Solar Water Solutions and Glowdia raise coin, and VTT has been granted funding for Finland’s first quantum computer and teamed up with Tampere University to break ground on carbon-neutral construction.
Finnish startup AISpotter has been selected for the MassChallenge Switzerland 2020 accelerator programme. It was one of over 1 000 startups to apply for the accelerator based in Lausanne, Switzerland, which is a leader in helping European startups to grow their businesses. AISpotter is a video analysis service that combines high-end technology with sports to create intelligent highlights that can be used, for instance, in coaching, scouting or fan engagement. With the help of the accelerator, AISpotter wants to expand its business and marketing operations globally and plan its entry to the US.
Finnish company Solar Water Solutions has reached its maximum crowdfunding goal of 1.2 million euros on Finnish investing platform Invesdor in less than two weeks. The Finnish cleantech company has developed a patented technology for producing drinking water from seawater, lakes, rivers and other water sources with solar power. The company uses an innovative reverse osmosis process that solves the stability problem of using solar energy for water purification while helping to tackle the global water crisis. Solar Water Solutions’ target is a three-per-cent share of the renewable energy-powered water purification market and over 100 million euros in revenues by 2025.
Solar Water Solutions
Glowdia raises EUR 50K seed funding
Finnish online interior design company Glowdia has raised 50 000 euros in seed funding from investors including Kielo Growth, Marko Laakso, Markku Ojala and Plan Partners Group. Glowdia provides a platform for remote design work and communication between interior designers and customers while taking care of all the paper work. The company was founded in 2018 and has since then carried out over 100 projects. Glowdia plans to use the funding to strengthen its position in Finland and start executing its international expansion strategy.
VTT Technical Research Centre of Finland has been granted 20.7 million euros in funding from the Finnish Government for the acquisition of Finland’s first quantum computer. Announced in May, the project aims to strengthen the position of Finland and Europe in the rapidly developing field, as well as create Europe’s leading quantum technology ecosystem of companies, universities and research organisations in Finland. The three-phase project is scheduled for 2020–2024.
Tampere University and VTT are bringing together construction industry players to map out and control the carbon dioxide emissions of buildings as part of a project called Build4Clima. Read more about it in our breaking news report by clicking the headline.
Looking for more good news? Subscribe to our newsletter