March 18, 2020
DAILY BRIEF: Smart rings for good sleep, health, funding and distance learning
The Oura Ring tracks sleep and activity to offer sound advice for better health.
All the daily Finnish business news that works: Keliber, City of Helsinki, Koulu.me and Oura make headlines.
Keliber receives a Business Finland grant for a lithium project, the City of Helsinki and University of Helsinki accelerate the city’s health startup scene, Finnish edtech companies open a digital school, and Oura scores big funding.
Keliber awarded EUR 2.6-million Business Finland grant
Finnish company Keliber has been granted a maximum of 2.6 million euros by Finnish public funding agency Business Finland for its lithium project. In order to receive the full amount, Keliber needs to implement a comprehensive development plan and meet certain financial conditions. The project will take place in the summer and is part of the first pan-European battery research and innovation project that aims to build a sustainable, innovative and competitive battery ecosystem in Europe. The European Commission has approved a 3.2 billion-euro public grant for the project in seven European countries, including in Finland, where four companies are involved.
A Health Incubator Helsinki programme is being launched in the Finnish capital to grow the bustling local startup scene with new health innovations. Helsinki wants to accelerate the growth of the city’s health ecosystem and, particularly, improve the position of Meilahti medical campus as a significant European health innovation and business hub. The application period for the first phase of Health Incubator Helsinki will be open until 9 April. The 10 teams to be selected will receive personal mentoring, financial support, networking opportunities and office space in the Terkko Health Hub startup community in Meilahti.
City of Helsinki
A group of Finnish education technology companies have launched the Koulu.me website that offers digital learning tools amidst the COVID-19 epidemic. The site currently covers learning applications for pre-school to secondary education students in a wide range of subjects such as maths, science, languages and design. The project was started by Spinverse’s Laura Koponen during the first weekend of the outbreak in Finland and already includes learning tools from some 20 Finnish companies.
Finnish company Oura has raised 28 million euros in Series B funding from Forerunner Ventures, Gradient Ventures and Square. Oura develops smart rings that deliver precise insights to inform sleeping and health habits and has sold over 150 000 of its Gen 2 rings. Oura plans to use the new funding to raise awareness about the product and the importance of sleep, hire new talent, develop the product and increase academic collaborations. Oura also added several top international experts to its board and team in the round.
Good News from Finland is published by Finnfacts, which is part of Business Finland.
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