A bike standing on a mountain at sunset
 Success keeps rolling for Revonte. Image: Revonte

DAILY BRIEF: Finnish solution for British cargo e-bikes, forestry, funding, healthtech and gaming

All the daily Finnish business news that works: Precordior, Remedy, Revonte, CollectiveCrunch and Finnish beverage producers make headlines.

Rasmus Hetemäki


Precordior bags two million euros for its CardioSignal application, Remedy’s Control wins big at the GDC Awards 2020, Revonte starts a new e-bike partnership in the UK, CollectiveCrunch’s forestry tool is funded by ESA, and Finnish alcohol beverage producers shift to hand sanitiser. Click on the headlines for more in-depth information about each piece of news.

Precordior receives EUR 2 million in EU funding

Finnish company Precordior has secured approximately two million euros in EU funding to develop its solution for detecting cardiac diseases with a smartphone, CardioSignal. The funding was awarded as part of the EU’s Horizon 2020 programme and will accelerate the development and introduction of new capabilities to CardioSignal, namely the detection of heart failure and coronary artery disease. Precordior’s patented technology utilises a smartphone and its built-in motion sensors through an application, which has so far proven capable of detecting the most common cardiac arrhythmia and atrial fibrillation. Image: Precordior

Control wins three at the GDC Awards 2020

Finnish video game developer Remedy’s latest title, Control, had a big night at the Game Developers Choice Awards (GDC Awards), winning the awards for Best technology, best audio and best visual art. Control is a third-person action-adventure set in a secretive bureau in New York that has been invaded by an otherworldly threat. As the bureau’s new director, Jesse Faden, you have to fight with supernatural abilities of your own to take back control. Another game with a big night was House House’s Untitled Goose Game, which was named the game of the year at the awards ceremony held virtually due to the COVID-19 outbreak. Image: Remedy

Revonte’s solution to power EAV cargo bikes

Finnish startup Revonte has signed a deal with UK-based Electric Assisted Vehicles Limited (EAV) to integrate its Revonte ONE Drive System to EAV’s new line of cargo e-bikes. The system is highly customisable to meet the varied demands of the growing e-bike market, and Revonte will work closely with EAV to customise the software to its specific needs. The Finnish startup has previously partnered with e-bike manufacturers Tunturi, Lavelle Bikes and RS Development. Image: Revonte

Linda Forest AI tool funded by the European Space Agency

Finnish-German startup CollectiveCrunch will demonstrate and develop its platform for predicting forest inventory in a one-million-euro project co-funded by the European Space Agency (ESA). Called Linda Forest, the platform uses artificial intelligence and satellite data to make predictions that are far more accurate than predictions made with conventional methods. The startup already has several major clients in Finland, Sweden and the Baltics, and its forestry tool has also generated interest in Central Europe, Russia and North America. Image: Unsplash

Finnish beverage companies turn to hand sanitiser

Four Finnish alcoholic beverage producers, Kyrö Distillery Company, Helsinki Distilling Company, Altia and Olaf Brewing, have started producing hand sanitiser to help to mitigate the spread of the COVID-19 virus. To read more about it, follow the link in the headline to our breaking news article. Image: Olaf Brewing

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