September 22, 2020
DAILY BRIEF: Hot food-delivery startup, healthtech, edtech, superfoods and smart Helsinki
Wolt is named the most promising startup of Europe in Tech5 contest.
All the daily Finnish business news that works: Wolt, Optomed, Eduten, School Day, Trans Farm, Golden Malt and Helsinki make headlines.
Optomed partners with AEYE Health, Eduten and School Day enter new markets, Trans Farm and Golden Malt join forces on sprouted superfoods, Wolt is recognised as Europe’s hottest startup, and Helsinki is one smart city.
Finnish medical technology company Optomed and AEYE Health have agreed to start clinical and commercial collaboration to launch an AI fundus camera, Aurora AEYE. The collaboration aims to receive FDA approval in the US through clinical trials for autonomous AI for retinal screening. Aurora AEYE combines Optomed’s handheld fundus camera, Aurora, and AEYE Health’s AI-based retinal screening system to provide an analysis of the retina for diabetic retinopathy changes in only a minute. The product simplifies the retinal screening process so that patients could be examined outside the ophthalmologist’s office, in places like primary care and pharmacies.
Eduten, a spin-off from the University of Turku, has partnered with Domo de Refontiro to introduce Finland’s most popular digital mathematics learning platform, Eduten Playground, in Belgium and the Netherlands. The gamified and adaptive AI-based platform includes a content library of over 200 000 pedagogical online tasks for students between the ages of 6 and 15. It offers teachers a time-efficient way to set up alternative lessons and individual learning pathways with support from high-quality learning analytics. Eduten Playground has been used by more than 13 000 Finnish teachers since 2011 and is currently used in over 40 countries worldwide.
Eduten / Facebook
Finnish education technology startup School Day and Oxford Education LIT have begun a reseller partnership to support student wellbeing and social-emotional learning in English-speaking schools worldwide. School Day helps to reinforce children’s emotional and social competence by analysing real-time student survey data and gives teachers tools to understand the key indicators that underpin student behaviour, environment, relationships and learning. School Day will be represented by Oxford Education LIT in over 20 countries spanning from Latin America to the UK.
Finnish companies Golden Malt and Trans Farm have agreed to establish a joint company in Finland for the production of sprouted superfoods. The production plant will be located in Hausjärvi, Oitti, and start operations in 2021. The main ingredient in the first phase will be hemp seed oil. The gluten-free seeds have rich nutritional values, containing all the necessary amino and fatty acids, and their qualities are boosted by sprouting. The first of its kind in the Nordics, the plant taps into global food trends regarding health, sustainability and plant-based proteins.
Finnish food delivery service Wolt has been recognised as the most promising startup in Europe in the Tech5 startup competition. Tech5 showcases Europe’s top tech scale-ups, with the winners selected based on performance, growth and potential by a panel of investors, influencers and experts. Wolt offers food deliveries from over 15 000 restaurants that span 90 cities and 23 countries on its platform. The startup entered the competition on the back of a 100 million-euro funding round and was also recognised for its CO2 compensation programme.
The Finnish capital has been ranked second in the Smart City Index, a comparison of cities’ technological provision worldwide. Read the full article by clicking the headline.
JUSSI HELLSTEN / City of Helsinki
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