Editorial note: This post is part of a series of posts in collaboration with Lappeenranta University of Technology to promote their expertise and tools in commercialising research based innovations.
We've covered a few very successful Finnish companies on ArcticStartup, which are actually spinoffs from the University of Lappeenranta. Companies such as The Switch and Severa (sold to Visma in 2010) are concrete and great examples of the kinds of results the commercialisation of research based innovation can churn out from the university.
Lappeenranta University of Technology (LUT) has been combining business and technology for more than 40 years. In addition to simply studying and researching business related challenges, the university has made a strategic decision in building up sustainable processes that are able to create high growth companies. Actually, one of the three strategic corner stones is to commercialise research based innovation and through that, create new high growth startups.