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Spinverse's Innovation Mill gets entrepreneurs commercializing Intellectual Assets

Editor's note: Meet Spinverse at the Arctic15!

Many large corporations in Europe are going through a time of transformation. Economic circumstances drive corporations to reduce non-core activities and seek for more dynamic R&D network to meet the future needs from the markets. This is an opportunity for entrepreneurs.

Spinverse Innovation Mill converts ideas and IPR into new start-ups by matching the corporations, entrepreneurs and investors. To date, new companies have been created from unused ideas and innovations from large established companies like Nokia, Nokia Siemens Networks, Kemira, Metso, Rautaruukki and Wärtsilä. The results from Innovation Mill are of benchmark quality – since 2009 it has funded 109 innovations into startups who have created 650 jobs and received more than €80 million of funding.

The program offers financial support from Tekes to improve the competitiveness of the start-ups. Funding can be used, for example, for integrating new intellectual property into the existing technologies, marketing research, pilot projects, and the development of business operations.

Pekka Koponen, CEO of Spinverse says, “Innovation Mill is excellent tool for startup entrepreneurs to tap into intellectual assets of large corporates and initiate in dialogue with them. There is plenty of value available to be created through open innovation platform like Innovation Mill for all parties.”

If you an entrepreneur looking for a corporate idea, we can help match your competences with corporate ideas and apply for funding through the Innovation Mill. We also assist by fast-tracking the startup companies' to growth track by providing support services and networking opportunities with invaluable contacts and connections to corporations, helping to establish your position in the ecosystem, give access to capital from private and public sources, and support international growth.

Meet Spinverse at the Arctic15 and see them reverse pitch at 14:10 on the main stage, Wednesday. For more information visit www.spinverse.com/innovationmill

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