This isn't the normal app and web stuff we like to cover, but like Zen Robotics, it's cool every now and then to see innovations in automation, especially if they look like 1950's robot concepts. It's also the first announced investment from Finland's Inventure Fund II - the new €50 million VC fund launched in January - as well as Finnish Industry Investment. The two Finland-focused investors have carried out a €2.2 million investment into Mekitec, a food safety startup founded in 2006.
This January, Christian Seidelin, former CFO of Norwegian pharmaceutical company Nycomed, signed to invest 3 million Danish kroner (€400,000) into ActionPlanner. After exiting Nycomed, Seidelin had expressed his interest in investing capital into a startup, which led to his investment in Veloso’s ActionPlanner earlier this year.
What would have happened to the dot-com bubble crash if Pets.com could innovate like these Lithuanians?
Well, probably not much, but this company will get you thinking about how industries, like ecommerce, should start thinking about the bigger picture. The Lithuania-based Inside Warehouse team got their roots together four years ago in the ecommerce business, running a pet-related webshop targeted to pet owners. A Pets.com if you will. But taking a hard look at user acquisition they wondered where webshops really fit in.
The Adform team might not be actual “Vikings” per say, but in a modern perspective they’re getting pretty close; They’re hardened overseas travelers and witty businessmen, just like their red bearded ancestors.
Established in 2002 and originating from Denmark, Adform’s product is a cloud-based platform that allows advertisers to manage the entire add buying process, from planning, buying, optimizing, and analyzing.
As a refresher, we're building up Arctic15: Exit Path to focus on just that - every stage of the path for startup companies. As the event is picking up momentum, we are glad to announce two new speakers. At the beginning of your startup's path we're proud to have Jens Lapinski, a director at TechStars London. While focusing on a slightly later stage, we have an M&A expert and Managing Partner of Cartagena Capital - Falk Müller-Veerse.
With this announcement, we are also going to shut down the very early 2-for-1 ticket price in exactly 24 hours, so get yours now. Get a friend to join you and even if you do not have somebody in mind right now, do not worry, we will only ask for the name of the second attendee closer to the actual event. For a full list of speakers, head on over to Arctic15.com.
Yesterday was big news for crowdfunding platform Kickstarter who just announced the passing of $1 billion in pledges. The humongous number was reached by contributions of a total of 5.7 million people around the world. More than half of the sum was pledged during the last 12 months alone.
What are the numbers in our region then? Who’s the biggest backer in Kickstarter crowdfunding within the Nordic and Baltic countries?
You might rembemer from your piano lessons when you were nine years old that sheet music isn't all that intuitive when you first start playing. Finnish startup Hurry Up! Games released their first game called Hoot, which is targeted towards amatur musicians, mainly children, who are just starting to learn the basics of music theory. The app is being developed by game developers Miro Holopainen and Antti Kovanto, and is being funded by AppCampus. The two entrepreneurs participated in Helsinki's AppCademy, the AppCampus accelerator. Naturally as part of being in AppCampus, the app can be found in the Windows Phone store.
Every building has a safest exit route in the case of an emergency, but whether the residents are aware how to properly use this path depends on how well the buildings rescue/emergency plan has been made and practiced. In a country such as Finland, where structure related safety regulations are one of the highest in the world, companies who make emergency plans for different types of buildings are necessary, especially because the plans are required by law.
In a nutshell, every building must have an emergency plan, but making one yourself can give you headaches because of the large amounts of time and meticulous work that needs to be dedicated. To top things off, once the law regulations change, all the documents become dead weight, as you’ll need new ones.
There’s a lot of grumbling in the music business over the loss of record sale profits to streaming services. When it’s less expensive to stream all of music history than it is to purchase one album, it’s hard to get the average fan excited to buy a physical or digital copy of a new release. Yet albums are as important as ever for artists and their fans; they just aren’t a major source of income anymore (unless you happen to be Beyonce or Taylor Swift).
While the industry continues to consider alternative revenue streams, one solution has been to bring monetary value back to the album by rethinking the format in which it’s released. Björk, Lady Gaga, and Calvin Harris have each experimented with releasing their music as an app that provides an interactive experience that streaming can’t. Other high-profile artists with resources at their disposal are sure to follow suit, but what about smaller, independent acts that can’t afford app development?
Norway, like many countries, faces the issue of seeing less women than men pursuing studies in technology fields. So to motivate girls to take a look at technology, an event in Norway brought together 800 young students as young as 14 to show off women in entrepreneurship and the things you can do with your life in the tech field. The event was put on by the University of Agder in Grimstad in collaboration with the confederation of Norwegian enterprise, who both see it in their best interests to get more women interested in technology.
Those of us who live in Finland will be familiar with the more than exaggerated prices associated with taxis, but on the southern side of the Gulf of Finland thrives another kind of taxi culture, one that is so casual that it has a strong demand for taxi applications.
Let me introduce you with Estonian Taxify (former mTakso), an application that connects everyone from short notice travelers to unsuccessful designated drivers with their local taxi service.
Capidea recently announced they had invested in video management software company, Xstream - the premium provider of OTT and TV service everywhere. The sum of the investment remains disclosed, but was large enough to establish Capidea as the firm’s majority shareholder, and subsequently new owner. The Danish private equity fund now owns slightly more than 50% of Xstream: clearly a major stake.
Crowdfunding has changed a lot of things, but it's also changing how chipset manufacturers are tailoring their products. Nordic Semiconductor hasn't been a startup for some time - they're trading on the Oslo Stock Exchange. But they're watching how the hardware scene has been evolving, and they've noticed they can't be targeting their chips to only traditional manufacturers. Crowdfunding has taken over the most exciting section of hardware startups, and in return Nordic Semiconductor has started tailoring their strategy in response with a SDK that allow makers and large organizations to prototype low power bluetooth ideas rapidly.
One of the reasons major smartwatch manufacturers are still in the process of learning to fly is their uncertainty in finding a balance between functionality, looks and futuristic innovation. While it’s cool to have a watch that can do all kinds of things like take pictures, play music and read emails, smart watches tend to be bulky in appearance which undermines the practical benefits they offer.
Oulu based Creoir provides hardware and software design and engineering services across all phases of product development. Their latest creation, the Ibis dual face smartwatch, takes a long step towards a more design orientated tech watch in order to gain consumer attraction. Crafted from crystal and stainless steel, the watch undeniably emits an aura of elegance that can make any feminine hand into a real eye-catcher.
Finnish startup HVO developed a website where finding a body health professional is simple and easy to find; type in a keyword and your region and a list of service providers pops up. In addition to reviews you can also check if there’s any appointments available, all from the website. As an appointment booker for health professionals, it sounds similar to Finnish-founded and now San Francisco-based BetterDoctor.
Editor’s note: This article was condensed from the original Øresund Startups post.
Tackling a global issue is monumental task. It also opens up a global market and presents opportunities for really rewarding results. For Ida Tin, founder and CEO of Clue, working to change the way the world manages family planning, the launch of the fertility tracking app into the Danish market was another step towards realising that change. Chatting with Ida last week, we got some feedback on the launch, and her insights into how achieve success in entrepreneurship.
Editor's Note: This is a sponsored post on behalf of Elance.
Rubrikk is a Norwegian start up in the online classified advertising market. Not content with making waves only in Norway they have sought to branch out and grow their business into a number of countries. We got in touch with Adil Osmani and Sigbjørn Rivelsrud its co-founders to ask them how they’ve managed to do so successfully.
In the midst of such a shockingly abnormal winter as this, which I cannot help but connect with a certain inconvenient truth, I find peace of mind in seeing a list of the 25 best Nordic cleantech startups out there. Their contributions towards a greener way of life are sometimes domestically practical and in some cases largely industrial, but most of all they show us how cleantech can make a crucial difference in the quality of our future.
The list is a result of the third edition of the Nordic Cleantech Open competition in which 107 cleantech companies from the Nordic region were evaluated by a jury of 50 members from influential multinational companies and VC’s.
Finnish start up Minus Degree believe that in many ways we’ve lost the personal touch when it comes to sharing online. We may continue to do it privately through WhatsApp or Snapchat, but on public platforms like Facebook and Twitter we’ve become more comfortable sharing other people's content or retweeting than we have in expressing something of our own thoughts and feelings. Melodigram is an attempt to bring the emotion back in what they hope will be a new, fun way.