December 12, 2019
The daily brief: 12 December 2019
Grib was the best creative industry player at the Nordic Startup Awards 2019 due to its easy-to-use 3D modelling software.
All the daily Finnish business news that works: Geyser Batteries, Aalto University, Grib and iFarm make headlines.
Geyser Batteries secures coin for its new class of high-power batteries, two Aalto University professors receive European Research Council (ERC) grants, and Grib and iFarm win at the Nordic Startup Awards 2019.
Finnish cleantech startup Geyser Batteries has raised one million euros in a seed funding round led by Voima Ventures, with participation from VC Butterfly Ventures and Ehrnooth family’s investment company Turret. The Vaasa-based startup has developed a new class of high-power, water-based, non-lithium batteries based on its proprietary electrochemical technology. The batteries have a nearly zero carbon footprint, long-lasting service lives and are non-flammable. Geyser Batteries will use the funding to expand its product offering, build sales in the transport, industrial machinery and power grid sectors, and complete an automated assembly node as the first step to mass production.
Aalto University professors Jaakko Lehtinen and Jan Deska have received the sough-after, nearly two-million euro Consolidator Grants from the European Research Council (ECR). Lehtinen and Deska will use the funding for their pioneering research in machine vision and tailor-made biosynthesis, respectively. The ERC grants support groundbreaking research across Europe and were awarded to 301 top scientists to the total tune of 600 million euros this time around.
Finnish 3D graphics software company Grib and Finland-based urban farming technology company iFarm have won at this year’s Nordic Startup Awards. Grib was deemed the region’s Best Creative Industry Startup due to its 3D modelling software for augmented reality, which allows anyone to easily create 3D models. iFarm, on the other hand, provides automated vertical farm technology and was the Best Social Impact Startup in the regional contest. Both Grib and iFarm will face competition from around the world in the global round of the competition next year.
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