September 24, 2020
DAILY BRIEF: Rye whisky, smart navigation, research, funding, software and natural materials
Kyrö Distillery's rye whisky will bring something different to the UK's traditional industry.
All the daily Finnish business news that works: Kyrö Distillery, Groke Technologies, Buenno, Aalto University, Innofactor and Finnish material innovations make headlines.
Groke Technologies gets backed by Mitsubishi, Buenno raises seed funding, an Aalto research project is granted EU funding, Innofactor introduces a software suite in Sweden, Kyrö Distillery brings its rye whisky to the UK, and Finnish innovators produce new clean materials.
Japanese giant Mitsubishi Corporation has invested in Finnish intelligent navigation technology startup Groke Technologies. Mitsubishi considered Groke Technologies a suitable partner due to the high level of technology development in Finland, especially in autonomous shipping, and the two are now trialling various technology options in Japan and Finland. Finnish public organisation Business Finland is also collaborating with Groke Technologies to strengthen the technology and autonomous maritime ecosystem in both countries.
Finnish market research company Buenno has closed a 300 000-euro seed funding round, with investments from among others Gorilla Capital, Business Finland and Loipposet. The funding will be used to strengthen the team and develop the mobile customer experience platform of Buenno. The platform combines customer feedback and market research services that businesses can use to develop their customer experience. The Finnish startup has over 5 900 registered consumers users, and its customers include some of the biggest retail and service sector companies in Finland.
An Aalto University-coordinated research project on thermophotonics has been awarded just under 3.5 million euros from the EU’s Horizon 2020 programme. The project builds on research that has shown that it’s theoretically possible to make light-emitting diodes (LEDs) give out more energy as light than they take in as electricity. This seemingly greater-than-100-per-cent efficiency is explained by the fact that ultra-efficient LEDs convert some heat energy into light, causing them to cool down. The project will attempt to solve some key challenges to bring about real-world solutions. In addition to cooling applications, one potential future use could be converting waste heat energy back into electricity.
Finnish company Innofactor will begin to offer its Dynasty 10 information and case management suite to Swedish municipalities and public administrations. The suite is a market leader in Finland for the public administration’s information management processes. According to Innofactor’s Swedish country manager, Marcus Hasselblad, the introduction of Dynasty 10 in Sweden will give Swedish municipalities the opportunity to modernise their diary and case management processes with new digital tools while supporting the company’s strategic goal of becoming the leading provider in the Nordics.
Finland’s Kyrö Distillery Company is launching its inaugural rye whisky next month in the UK trough Maverick Drinks. The single-malt whisky is made with 100 per cent Finnish wholegrain rye, matured in new American oak casks and distilled in Scottish-style pot stills. The idea for the whisky came to the five founders in a sauna soon after they founded Kyrö Distillery in 2014. The Finnish distillery had early success with its Napue Gin, winning several top international awards, while the whisky matured.
As the global packaging, textile and food industries are grappling with a sustainability crisis, Finnish innovators are generating new material solutions bound to make the world a better and cleaner place. Read on by clicking the headline.
Good News from Finland is published by Finnfacts, which is part of Business Finland.
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