September 2, 2020

DAILY BRIEF: Tasty funding and merger, IoT research, sports leadership and new Finnish museum

person spreads substance on a piece of bread
Solar Foods has already developed 20 different kinds of food products that utilise Solein, an entirely new kind of nutrient-rich protein made using air and electricity.
Solar Foods

All the daily Finnish business news that works: Solar Foods, UROS, University of Oulu, Finnish sports leadership, Kultasuklaa, Arctic Forest Foods and Tampere make headlines.

Solar Foods raises 15 million euros in new funding, UROS and the University of Oulu team up for IoT, Hanken & SSE, Eerikkilä Sport and ARVO organise sports leadership education, Kultasuklaa and Arctic Forest Foods merge, and Tampere launches a design contest for a new museum.

Solar Foods raises EUR 15 million for first factory

ingredients cooking in a pan

Finnish company Solar Foods has closed its series A funding round with 15 million euros, marking the largest food-tech funding round to date in Finland. Fazer Group led the round and was joined by Bridford Investments Limited, Agronomics Limited, Lifeline Ventures and CPT Capital. Solar Foods produces a unique nutrient-rich protein, called Solein, by using air and electricity as the primary raw materials. The funds will be used to develop a commercial production facility by late 2022.

Solar Foods

UROS and University of Oulu start IoT partnership

University building.

Finnish technology company UROS and the University of Oulu have announced a long-term strategic collaboration focusing on Internet of Things (IoT) connectivity and IoT-related business verticals. The collaboration will cover research and business development to produce viable commercial solutions for the industry’s current needs. Their combined investments in the field are set to reach 2–3 million euros a year. In practice, the collaboration will include joint projects with UROS’s partners and customers, and students collaborating with UROS’s R&D teams in fields such as artificial intelligence (AI) with support from the research facilities of the university and the upcoming UROS Innovation Center in Oulu.

University of Oulu

Kultasuklaa and Arctic Forest Foods to merge and go global

A box of chocolate.

Finnish companies Kultasuklaa and Arctic Forest Foods have announced a merger and revealed plans of going global. Arctic Kultasuklaa will combine the strengths of both companies: high-quality handmade chocolate and arctic ingredients and flavours. A new brand name, Arctic Africa, will also be introduced to international markets using the Ambitious Africa initiative as a platform to develop sustainable chocolate operations on the continent. Arctic Kultasuklaa’s headquarters and factory will be in Iittala, in the Häme region of Finland, but production will also continue in Rovaniemi, Lapland.

Kultasuklaa

Finnish sports leadership takes off with mini-MBA programme

Football player sprinting.

Hanken & SSE Executive Education have partnered with Eerikkilä Sport & Outdoor Resort and ARVO to launch a sports mini-MBA to coach new leaders in Finnish and international sports. Both Eerikkilä and ARVO are non-profit organisations supporting sports and wellbeing, as well as social enterprises, in Finland. The programme will start in December and aim to improve leadership skills through education and networks to bring more value and opportunities to the Finnish sports industry. Sports is one of the fastest growing industries according to a governmental study and plays an important role in society.

Hanken & SSE

Tampere invites new ideas for museum building

Large brick building.

The City of Tampere has launched an architectural competition for designing a new building for the downtown-bound Sara Hildén Art Museum. Read more by clicking the headline.

City of Tampere

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