November 3, 2020

DAILY BRIEF: Gin, documentary, digital payments, sustainable fish feed, VR and top education

A Gin bottle surrounded by snow and ice
Arctic Blue Gin is taking on international markets.
Arctic Brand Groups

All the daily Finnish business news that works: Arctic Brands Group, film, PayiQ, TietoEVRY, VTT, eniferBio, Varjo, Zoan and Aalto University make headlines.

The documentary Aalto is awarded, PayiQ and TietoEVRY provide payment solutions internationally, VTT-based eniferBio and Arctic Brands Group secure financing, Varjo and Zoan re-imagine performing arts, and Aalto EMBA does well in a Financial Times ranking.

Virpi Suutari’s Aalto doc wins top award in Zagreb

A picture of an elderly man and woman with an illustration of a building

Finnish film-maker Virpi Suutari’s documentary Aalto has won the top Spark Award at the DA2 – Zagreb Design, Art & Architecture Film Festival. Aalto tells the story of Aino and Alvar Aalto, Finnish masters of modern architecture and design. The documentary casts light on the love story and philosophy of the couple against the backdrop of their iconic works around the world.


PayiQ collaborates to digitise payments in Gulf region

A city with skyscrapers from above in the night

Finnish PayiQ has partnered with Kuwait’s Future Communications Company (FCC) to digitise the ticketing operations of various transport companies operating mainly in Kuwait, Saudi Arabia, Bahrain and Qatar. The demand for digital payments is growing in the Middle East, and the COVID-19 pandemic is accelerating the need for contactless and convenient digital payment options. PayiQ and FCC are together capable of offering smart ticketing and payments services with local support, especially in the transport sector, with PayiQ’s ticketing-as-a-service platform.


TietoEVRY provides payments solutions in Maldives

Small islands close to each other

TietoEVRY has signed an agreement with the Maldives Monetary Authority to implement an instant payments system in the island nation. TietoEVRY’s solution will form the core of the Maldives Payment System Development Project and enable users to make and receive payments in real time regardless of which island they live on or bank they use. It will also enable payment service providers to introduce innovative solutions to the market connected via a single platform.


VTT-based startup eniferBio secures financing

A fish farming operation with several enclosures at sea

A new VTT Technical Research Centre of Finland-based startup, eniferBio, has received more than one million euros in funding from Nordic FoodTech VC and Voima Ventures. eniferBio has developed a method for using biorefinery sidestreams to produce Pekilo mycoprotein, a form of single-cell protein that can be used to replace unsustainable fish feed raw materials, such as soy, in fish farming. Originally developed by the Finnish forest industry in the 1970s, the production method was modernised and optimised by eniferBio at VTT’s business incubator, VTT LaunchPad. eniferBio aims to start pilot production in early 2021 before building its first industrial-scale plant in Europe.


Arctic Blue Gin funding round caps at EUR 1.6 million

A wooden construction with Finnish and Japanese flags

Arctic Brands Group, known for the internationally awarded Arctic Blue Gin, has closed a 1.6 million-euro funding round that will spur its and its product portfolio’s growth in Finland and abroad. The company has also appointed Valtteri Eroma as its new CEO. Arctic Brands Group has been recently focusing on Japan and will soon announce new deals in the country, where it is one of the four main partners of the Metsä Pavilion in Tokyo, which showcases Finland and Finnish exports in Japan.

Business Finland

Finnish VR pioneers look to re-imagine performing arts

Man with VR headset in front of a ballet dancer

Two Finnish virtual-reality (VR) pioneers, Varjo and Zoan, have partnered with the Finnish National Opera and Ballet (FNOB) on a project exploring ways to make use of new technologies to re-imagine how performing arts are crafted and experienced. Read our article on the Opera Beyond project by clicking the headline.


Aalto EMBA leads Nordics in student satisfaction

Graduates in cloaks and hats

Aalto University’s executive master’s degree programme in business administration (Aalto EMBA) has maintained its position in the top-100 of a ranking published by the Financial Times, boasting the highest student satisfaction among its Nordic equivalents. Read more about it by clicking the headline.

Aalto University

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