denmark

Startups, BigCo And Politics, A Virtuous Cycle?

According to the EU’s climate and energy package, Finland is expected to increase its share of renewable sources from the present 28 per cent to 38 per cent of energy production by 2020. Fulfilling this obligation require a significant increase in Finland’s use of wood-based energy, waste fuels, heat pumps, biogas and wind energy during next years.

This is no easy feat, especially given the rather modest Finnish feed in tariffs in the sector (premium tariffs and investment subsidies amont annually to roughly € 30 million). Nevertheless, the market can be potentially really really big and the need is dire. We’ve already seen some groundbreaking news surface this week in cleantech sector from the US. But make no mistake, Silicon Valley is not the only place where cleantech blossoms. Far from it. This week Wärtsilä came out with news that the world’s first solid oxide fuel cell unit, running on landfill gas, has successfully concluded the first phase of its validation programme.

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Summary Of Some Of This Spring’s Startup Events

We’ve been looking closely at the startup scene in the Nordics and Baltics for the last two and a half years and I have to say, the amount of events on the market these days is very attractive. There are a lot of different kind of events and I’m sure there’s something for everyone. While these events have their own functions and drive their own agendas, there’s no getting round it – they’re great fun and will surely improve your business if not by any other means than at least by networking with the other visitors there.
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The Nordic Paradox: Entrepreneurship As A Career Choice

Are Nordic countries particularly entrepreneurial? How do our societies perceive entrepreneurship as a career choice?

The perception already exists that the Nordic countries are among the most innovative in the world. The two most recent and comprehensive rankings supporting this belief came from the Economist Intelligence Unit and the Boston Consulting Group, both published in April 2009. The first of these studies ranked Japan as the most innovative country in the world, while in the second Singapore was at the top of the list. Nevertheless, Finland and Sweden ranked in the top ten for both reports, while Denmark and Norway also ranked impressively.
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Wordy Is Your Copy Editor Market Place (Video)

wordyGuilty as charged. We sometimes need a helping hand from a copy editor here and there, because we are not native English speakers, but want to write in English just because its the global lingua franca. Now there’s Wordy, a Danish startup, to help out. We saw Wordy already present in Copenhagen back in June at the ArcticEvening event we held there. Back then they were still in closed beta and only now have opened up.

Here’s a presentation (video below; start at 00:23:20) from Wordy, when they were at LeWeb last week.
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Nikolaj Nyholm Joins Sunstone Capital

nikolaj nyholm at rebootNikolaj Nyholm, a Danish serial entrepreneur, who stepped down as Polar Rose’s CEO just recently will join a Nordic venture capital firm Sunstone Capital as Partner in the Technology Ventures team on January 1.

Nyholm has spent the last 10 years working with internet infrastructure projects, commercial ventures and organizing, among other things, Reboot with Thomas Madsen-Mygdal. He has previously founded Speednames/Ascio acquired by Group NBT (NBT.NL), Imity merged with Zyb (acquired by Vodaphone  Group), and Organic Network, a WiFi startup whose legacy is OpenWRT.org, an open source WiFi project.

Without a doubt this is good move by Sunstone Capital as Nyholm has an extremely wide network and is considered one of the most visionary entrepreneurs in the space. Quite naturally, at Sunstone Nyholm will focus on developing early-stage investments in the software, mobile and an internet space. Commenting his move, Nyholm said that ” There aren’t enough seasoned entrepreneurs joining VC firms in Europe, which should otherwise allow us to stir things up a whole lot more! ” We couldn’t agree more.

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Richard Youngman: Why Copenhagen Does Not Matter For Cleantech Startups

cleantech groupWe visited Lahti Cleantech Venture Day a few weeks ago and were able to talk to Richard Youngman of Cleantech Group. Richard is based in Cleantech Group’s office in London and is responsible for the company’s global membership offering – its industry-leading data, research, and conferences – as well as driving the growth of the group’s activities in Europe, India and the Middle East.

In the first video we discussed what will happen in 2010 in cleantech and whether Youngman believes the cleantech market in India is finally catching fire.

We also talked in length why he believes Copenhagen does not matter. As we all know, the 15th United Nations Climate Change Conference (COP15) is going on in Copenhagen, Denmark right now. Businesses have already a long time argued for a clear road map what kinds of policies governments will implement, what will be taxed, what will be supported and so on. The missing clarity will inhibit or at least defer all the investment decision to the new technology, which in turn influences the number and the amount of investments, trade sales and even IPOs in the sector, when nobody knows what horse to bet on. Youngman argued it’s not quite as what is seems. See the videos below for more.
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Upsido Targets Nordic Stock Investors

Upsido is a Danish startup providing a web application for Nordic private investors that focus on fundamental analysis, as opposed to fast and real-time day-trading.  http://en.wikipedia.org/wiki/Fundamental_analysis
Upsido claims to offer the most comprehensive and fastest updated and most accurate financial information, tools, and news on Nordic public companies, to allow private investors to make sounder long-term investment decisions and track the performance.
Upsido have recognized a global trend of banking customers losing confidence in their bank’s investment advices. The firm’s service is built around the message of saving money by quitting investment advices from your current bank, and doing stock analyses both faster and more efficiently on your own on their web service – with better decisions. UPSIDO.com covers around 1,000 stocks in Denmark, Sweden, Norway and Finland, and aims to expand their service and customer base to the whole of Nordic.
The users of Upsido’s service have access to different tools such as screening, comparison, sector risk, fundamental ratings, etc. There is a free service offering Stock Overview, Financial News, Portfolio, and Watchlist features, but the more interesting and advanced functions are behind a monthly subscription fee of around 9 EUR (or 13 USD). The unique “UPSIDO Rating” is also only available to paid users. It is a ratio, which aims to convey the overall fundamental strength of a company from calculating ratios such as historical P/E, P/B, EV/EBITDA, dividend yield, sales growth, EPS growth, etc. etc., and that way help investors quickly sort out the best firms.
The firm was founded in late 2007. The CEO Peter Garnry explains that in the beginning, Upsido first tried the B2B route, providing a web application through the Internet bank solutions of all major banks. They managed to get five larger banks in Denmark close to signing a contract, but then after Lehman Brothers went bankrupt everything halted. After revising their strategy, Upsido decided to distribute the service directly to consumers/investors. It was a tough change, but the firm survived and is now experiencing nice growth rates, Peter comments. The firm has some customers in Sweden and Norway already, but in 2010, Upsido is looking to really penetrate the Norwegian, Swedish and Finnish markets, utilizing partnerships like The Danish Shareholder Association, online broker E*Trade, and business newspaper Dagbladet Børsen in Denmark.
http://en.wikipedia.org/wiki/Dagbladet_B%C3%B8rsen
http://www.arcticindex.com/people/208

UPSIDO logoUpsido is a Danish startup providing a web service for Nordic private investors that focus on fundamental analysis. Upsido claim to offer the most comprehensive, quickly updated, and accurate financial information, tools and news on Nordic public companies. The service aims to allow private investors to make sounder long-term investment decisions and track their portfolio performance.

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Tesla Having 10 Percent Of Danish and Norwegian Sports Car Market. Oh, And They Are Profitable (Video)

tesla-motors-logoElectric cars are all the rage currently and in many ways its also the holy grail of Detroit and thus plays a disproportionately large role in the US politics. To get an idea of how big a role cars alone play, the federal program paid individual car owners up to $4,500 to replace their current vehicles with new ones that get higher-mileage. Whether this was just an indirect subsidy to Detroit or a real environmentally responsible policy is another discussion.

If the electric car is a hot topic in US, it could be even bigger globally if someone gets the economics right and makes a pure electric vehicle a real alternative to the combustion engine.

During our trip we visited the most talked about contender that has been claimed to be the future of car industry, Tesla Motors. I talked to Rachel Konrad, Senior Communications Manager at Tesla, in length about the car itself, the future of the industry and most interestingly is Tesla’s business model really working and making real profits for its visionary founders and investors.
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Aspiring Global Mentorship Community Mentory.com

Mentory logoMentory is a new global mentorship community from Denmark, targeted for match-making between mentors and protégés. In addition to matching people for the traditional one-on-one mentoring relationships, the web service allows for open “mass-mentoring” among the whole network. The key target users are businesspeople and entrepreneurs.

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Via Venture Partners To Invest € 2.65 Million In PlusFourSix

plusfoursixVia Venture Partners, a Nordic venture fund, is to invest € 2.65 million in 
Swedish mobile marketing company PlusFourSix. PlusFourSix offers the mobile telephone as a marketing tool, making it possible for clients to create a mobile initiative for their marketing, without having to invest in expensive infrastructure.

According to Niklas Stålberg, the new PlusFourSix CEO as of 1 August, the money is raised to speed the company’s expansion in Sweden and across the Nordics.

Anders Lindqvist, Partner in Via Venture, has been appointed as Chairman of the Board and Mattias Danielsson has joined the Board of Directors. Mr. Lindqvist says that mobile marketing is one of the fastest growing media channels with an estimated annual global growth rate of over 40 percent. We agree with cautiously, as its much easier to loose brand equity with badly designed marketing than gain paying customers. Regardless, PlusFourSix is the leading supplier of mobile marketing technology and solutions in the Nordic region.

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AktieTwits.dk Trying To Unite Tweeting Nordic Stock Investors

AktieTwits.dk logoAktieTwits.dk is a new Danish service for Nordic professional and private stock investors sharing investment tips or seeking stock information on Twitter. The idea is to bring all information flows together and structure the content, with the aim to ease real time monitoring of the market. AktieTwits is taking on the traditional message boards and media sites by aggregating real time instant messaging, to allow one feel “almost like standing on the tradingfloor,” as the founder Jens Davidsen puts it.

AktieTwits mobile screenshotThe service is integrated with Twitter, meaning one can start participating in the AktieTwits community just by signing in to one’s Twitter account. AktieTwits.dk uses own custom tags to catch users’ Twitter tweets: “$$” for general market comments, and for example “$CARL-B”, “$DANSKE” for comments on individual stocks. The site also shows all links to popular and related sites, including Youtube, Flickr, Jyskebank.TV, and own stock charts, as embedded content. In addition, AktieTwits offers also deeper information including stock quotes, charts, company data, and analyzing and screening tools for following the market on a daily basis. The website also has a good mobile version working with iPhone, Android, and Nokia Nseries handsets.

The service is not exactly a unique one, but could be successful if found useful by the local active investors. I would guess, though, that majority of them are focusing on home country trading with only partly attention to international markets, and thus also preferring to interact in their native language. Also, one might question selection of the domain name if indeed the service is targeted for pan-Scandinavian use. So far there are not that many features encouraging the community interaction either.

Anyway, there is for example a well-known Finnish investor magazine’s online forum in which discussion on daily topics flows actively. Many of the comments are quite short, and could well be expressed instead in microblogging style in a service like AktieTwits. Considering you first need to begin and learn using Twitter is an additional hurdle in adoption, though.

Youcalc Visualizes Your Data With A Click (Video)

youcalcOver the years, as I have worked with several great designers, I have come to appreciate well designed info graphics more and more. At the same time, where I’m not that much of a designer myself but why I can help companies with their products’ user experience is because I am one of the most impatient persons you’ll ever meet when it comes to bad user interfaces – If I don’t figure out right away what’s happening with a given product, the interface is broken as far as I’m concerned. These two reasons added to the fact that I love big data go a long way explaining why I like Youcalc so much.

The company is not doing anything that revolutionary, but at the same time it just might be for those who use the product. In a nutshell, Youcalc is a Danish startup that let’s business people create and share custom reports and analytics on data from SaaS systems, in a very clear and easy manner I may add. And by business people I mean those impatient, busy people who can’t concentrate to learn to use (let alone set up) a complex reporting tool even if their life depended on it because they are busy making that next sale. And that’s what they should do, but that’s also why they may need Youcalc. The company’s mission is to create the world’s largest library of analytics apps by allowing business users to create and share those analytics apps. Here’s Youcalc’s presentation in ArcticEvening Copenhagen from a while back.
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Nosco Sells Shares In Ideas. Want To Buy One?

This is the first post in a series of posts on startups that presented at the ArcticEvening in Copenhagen at the end of June. First up is Nosco, a nifty Danish startup that’s specialized in idea management.

Nosco offers an idea management tool Idea Exchange. An online suggestion box, where you buy shares in ideas. I don’t have experience in using the product, but by looking at some of their customers’ experiences, there’s clearly something there. Much more than in my previous job, where the management tried to engage and encourage the staff coming up with new ideas by going through all the trouble of setting up a one new email account. So if you feel an urge setting up ideas@yourdomainhere.com as your new organizational initiative, check out Nosco instead.

Piipl – Web 2.0 Tool For User-Driven Innovation Processes

Piipl logoPiipl is a Danish web service focused on improving the innovation processes of enterprises, government agencies, and researchers by facilitating user-driven innovation. The service could be used for product or service improvement, change management, user research, or any similar process benefiting from interaction of and input from multiple persons. Piipl has been created in cooperation by three Danish firms, Copenhagen Living LabWorkz, and 23 Visual. Continue reading »

Hoist Lets You Create Your Own Collaboration Tool

Hoist is one of the many Danish startups we had the pleasure of pitching us at the ArcticEvening Copenhagen last week.

Hoist is an on demand project collaboration tool joining the long list of business productivity services such as Basecamp. It was launched in private beta at Reboot conference held last week, where I fortunately managed to get a short demo. There’s not too much information found on the site so the best way to find out more is indeed to book a demo meeting, get lucky requesting a test account, or simply wait them to go public later this fall.

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