There has been a lot of debate over the Nokia and Microsoft Partnership, especially regarding when Nokia will start the production of the Windows Phone 7 devices. While the exact dates are yet to be announced, Mobile Review revealed that we can expect at least 4 devices in early 2012.
Another area Nokia and Microsoft are having a challenge in agreeing is the naming convention of the new phones. It will be difficult for both to modify their existing conventions to please the other, but at large the Nokia Windows Phone devices will be carrying a "W" prefix. This will be the link factor for the Nokia phones running on the Windows operating system.
Angry Birds is set to get another title to boast about in its collection as Rovio announces the launch of Angry Birds Magic. The game is set to launch on Nokia smartphones powered by the current Symbian Anna update.The game will be released at WIMA NGS conference next week.
While Garage48 is still a little under a month away from the African Safari, the event at Tallinn last weekend has had the curtains dropped. The event saw over 120 people working hard in 18 teams to give their ideas a touch of reality. Garage48 is a weekend type company development project, where people of different crafts get together to work on projects for the duration of 48 hours. After the weekend, teams present their results in front of an audience.
Finland based Intera Partners has raised a 200 million euro fund to be invested into promising and growing Finnish companies. The now raised Intera Fund II is Intera's second fund. Investors in the new fund include high level international organisations, among others, Sjätte AP-fonden from Sweden, LGT Capital Partners from Switzerland and Standard Life Group's SL Capital Partners from Scotland.
Weekend events that concentrate on creating a start-up idea and building a prototype are becoming quite popular in Nordics and Baltics. The latest addition to the recently held events is Startup Weekend Lithuania. It was held for the second time in Kaunas and gathered around 200 guests. One of the key organizers, Justinas Katkus, shared with us the event's outcome. Throughout the 54 hours that the event lasted, 17 teams were formed and at the end 6 best projects were chosen.
Nokia has just taken a big step forward with its Ovi Maps. Instead of going the obvious way of adding a Google-type Street View to its service that other similar kinds of mapping services have done, Nokia has added 3D aerial view to it maps. This enables anyone to go about a certain cities and fly around and see what the cities have to offer. It has to be said that 3D in this way is more picturesque and for sure something different to the more traditional "Street View".
Fenwick and West have published another study full of interesting information regarding angel investments in the US. In the study titled Angel and Seed Financing survey in the internet/digital media and software industries they analysed the size of the rounds in 2010 as well as who lead the rounds among other things. There are some interesting findings here that possibly signal of new things in the horizon.
Probably the biggest issue with fresh graduates is encountered when they need to market themselves appropriately for jobs, even for internships. Especially when it comes to the digital space, where recruiters are more interested in practical work rather than the traditional resume. Students at Hyper Island, a Sweden based organisation focusing on better education in areas all things "digital" have created Intern Store, a method to market themselves in an efficient way for companies to recruit them.
The three largest parties to gain power in last night's Finnish parliamentary elections have dramatically different political agendas. Fortunately for entrepreneurs, employment and entrepreneurship is one of the areas with the fewest differences overall. However, there are differences and depending on how the new government will be formed - these might have significant effects on entrepreneurs and their incentives as well. Below are some of the key areas of change these three parties are trying to achieve (from an entrepreneurial point of view).
Yesterday Finland held its parliamentary elections where it chose the representatives to drive Finland forward for the next four years. National Coalition Party (NCP) took the position of the largest party with 44 seats of the 200 seat parliament while Social Democrats, a former opposition party, took 42 seats. However, the rise of the True Finns in the largest gain of seats in Finnish history, from 5 in 2007 to 39 last night, signals change in many ways. While we don't usually cover politics in this great detail, the rise of the True Finns could also effect startups and growth entrepreneurs in a very significant way.
Just earlier this week we announced that Steve Huffman and Daniel Kaplan are coming to Arctic15. Today we have the pleasure to announce that the CEO and founder of one of the most exciting companies in Europe currently, Jens Begemann, is coming to Arctic15 as well. Jens Begemann is the founder and CEO of wooga, Europe's largest social games developer and the number four globally. Previously, he worked as the Chief Product Officer at Jamba (Jamster).
Finnish Ministry of Employment and the Economy yesterday announced their first study (better late than never) into the growth company ecosystem in Finland. Like said, it is first of its kind, but this will become an annual look into the effect these companies play for the Finnish society. The study is downloadable online (in Finnish) for free, but we'll go through the main points here and what this might potentially mean in the political sense. The focus of the study is on employment and how many people these so called growth companies can employ. It turns out that during 2006 and 2009, 691 companies created around 50 000 jobs. 50 000 jobs in Finnish terms in just three years is huge, but 691 growth companies by any standards isn't a lot.
Russian firm, Yandex is waking up to assist startups with funding with the initiation of Yandex.Factory. Yandex.Factory is a startup investment program that will provide funding to startup projects in Russia as well as those from the International arena and this investment is by no means small.
This is pretty significant for someone like HeiaHeia (pretty much anyone going at it with limited resources). The company announced yesterday that they have partnered with Preve Ltd, a subsidiary of Pfizer Finland, to provide self-care patients with the possibility to use their platform. The deal in question is essentially the first public white label solution HeiaHeia has done for a larger company.
Spotify announced today that they will limit the Spotify Free account from May 1st in a few different ways. The reason behind all this is naturally to further monetise and convert those using Spotify Free to the premium accounts. At the end of March, the company also announced, as part of its move to further monetise the user base, to give all new premium subscribers a free 7-day test of the service before billing anything.
Tinkercad is new Finnish start-up that offers software for 3D solid CAD modeling in the browser. Founded 6 months ago, Tinkercad launched public beta this week. We talked with one of the founders, Kai Backman, who shared the story behind Tinkercad and its future potential. 'When living in US I noticed a growing trend of maker movement and 3D printing', Kai shared.
A growing number of people are interested in building things by themselves or customizing existing products. At the same time, 3D printers are becoming smaller and more affordable (though they would still cost at least a couple of thousand plus materials). 'The problem is that 3D printers are computer driven (you need to have a computer file to be able to print the part) but the existing software is designed for printing fighter jets', Kai added. Tinkercad seeks to bridge that gap by offering a tool that does not require engineering background to use.
We at ArcticStartup heart the Garage48 event for all the rush and enthusiasm that comes forth in the 48 hours of pure innovation. But the weather at the events here in the Nordics and Baltics was perhaps just a bit too cold and needed some equatorial treatment, which is exactly the treatment Garage48 will be getting. Garage48 has announced that they will be holding 5 events in Africa.
Eniram is a company we haven't written about in a while. The last time was actually in 2009. However, they've been growing their business ever since and a while ago we received their 2010 figures. Impressive growth indeed, the company has grown their 2010 revenue some 300% compared to 2009. In 2009 Eniram's revenue was about 830 000 euros so this means they turned over some 3,3 million euros in 2010.
What do they actually do then? The Finnish based software company promotes their products, Eniram Onshore and Eniram Onboard, that help fleet owners and captains better handle their ship to save fuel and overall improve efficiency.
According to Helsingin Sanomat (Largest Finnish daily), Rovio, the makers of Angry Birds mobile game, have pocketed approximately 14 million euro ($20 million US) in revenue during the first quarter of 2011. Two thirds of the revenues come from app sales and about a third from advertising. Overall, Mikael Hed, Rovio CEO, stated that the game has been downloaded more than 120 million times.
Elena Masolova has built an impressive career by the age of 26. Graduate of Moscow's Higher School of Economics, she has so far founded a seed investment fund AddVenture, bacame a partner at Ruvento (accelerator and venture fund) and built a couple of start-ups. The most successful of those is Darberry, a copy of Groupon in Russia, which she sold to Groupon last August. Elena recently gave an interview to E-executive, sharing the story of Darberry and other insights into the Russian start-up scene.