Fruugo’s Presentation From SIME

November 20th 2008
Miikka Kukkosuo

Taneli Tikka posted a video of Fruugo “launch” last week in SIME (there wasn’t any product launch as such, most things mentioned where the same as we reported before the event).

The video shows Fruugo’s VP marketing Janne Waltonen giving a presentation and then answering a few interview questions.

Fruugo talk in SIME by Taneli for http://tane.li from Taneli Tikka on Vimeo.

Fruugo will be present today at digital marketing seminar DiVia in Helsinki, and might tell a bit more, although they’ll still not show their actual product.

The Finnish business newspaper Kauppalehti released an article last Friday, stating that Fruugo has “forgotten” (as commented by Fruugo) to leave their financial statement to Trade Register at the end of August as required, but has just posted them a statement of losing the company’s share capital. That doesn’t necessarily mean the company wouldn’t have cash or other liquid assets to run their operations, though, but looks like they’re most likely looking for more money. Also, the previous CEO Reijo Syrjäläinen has left and Fruugo is now run by the company’s operational director Juha Usva.

Two Free Tickets To Slush And To TechCrunch Brunch

November 17th 2008
Ville Vesterinen

Slush, an event for startups by startups, will take place next Monday in Helsinki, Finland. We have a whole lot of people already coming, but wanted to give out 2 tickets for two lucky persons who still haven’t bought their tickets.

Also, we have two tickets to give away for the TechCrunch Brunch @ Slush that takes place the day after Slush itself. Mike Butcher, the editor of TechCrunch UK will come to Finland for the first time to host an event for the local startup scene:

TechCrunch UK is partnering with Slush, and we’ll be throwing a breakfast brunch event for 100 start-ups, entrepreneurs, investors and key industry players the day after the Slush conference, so you’ll be able to come along and network over some great Helsinki coffee. If you’re a Scandinavian or Baltic startup, then this should be an event right up your street. It will be on Tuesday, 25th November at 09:30am to 01:00pm.

We will award a ticket to Slush and to TechCrunch Brunch for two persons who come up with the best English translations for the Finnish word Sisu. Every successful entrepreneur has a lot of this magical stuff that gives her the will power to push through against all the odds. Here’s the Wikipedia translation to get you started.  You should write your own version into the comments below.

The description should be a one or two sentence punch line. We will choose the winner sometime tomorrow afternoon, so you have until that to write your version in the comments.

If you rather buy your tickets make sure you do it soon, since Slush is less than a week away. You can buy your ticket to Slush here, and your ticket to the TechCrunch Brunch for the day after here. Hope to see you at both.

Photo by Phineas H (CC:BY).

Aito Technologies To Work With Blyk

November 14th 2008
Ville Vesterinen

Blyk, the free Finnish born (but operates only in UK) mobile network for 16 to 24 year-olds funded by advertising, has signed a frame agreement with Aito Technologies, a Customer Experience Management (CEM) solution provider, for the delivery and implementation of its Business-Driven CEM software product, Aito, to UK market. This follows a successful 3-month pilot installation, which began in May.

Aito takes business intelligence from network traffic data and offers Blyk an easy-to-understand, in-depth analysis of service usage, member behavior patterns and trends.

The information that the software generates is given to key staff directly involved in business management – sales and marketing managers, member service teams, product managers – in a form which is easy to use and act on.

In essence, Aito is an easy-to-implement tool that’s a user-friendly method of making sure mobile subscribers are having a great network experience, at all times, whether making a voice call, sending a text or MMS, or, in the case of Blyk, receiving relevant mobile adverts with their services. The carrier-grade Aito will provide Blyk with a 360° view of the activities and overall experience of its entire subscriber base. .

CEO of Aito Technologies, Anssi Tauriainen, said, “Like Blyk, we know that mobile advertising is set to be one of the most important business models and revenue-generating network activities offered by operators in the future [...]“

Mobile advertising has been already coming from years and is still as annoying as ever. Yet, this is hardly Aito’s fault and I admit not having tried Blyk services. That said, even if Blyk works like charm, I already pay fixed monthly sum for practically unlimited calls, SMS and data and can’t really imagine the future any other way. For cash-strapped 16 to 24 year-olds teens who adore brands there seems to be something there though. Blyk users receive 6 sms/mms from the chosen brands per day in exchange for 217 txts and 43 minutes of voice calls each month.

For the segment the service seems to be working: Blyk has currently 200,000 member in the UK, which is the only market they are currently serving. Now Blyk is ready to slice and dice the market data into an easy-to-use format with Aito Technologies’ help and are well equipped to follow their plans to go pan-European in 2009 potentially reaching 40 million young consumers.

The advertisers seems to be happy as well: Big brands like L’Oreal have seen tremendous results with average click through rates of 29% (ranges between 12 and 43%). Quite a lead from the average mobile advertising average CTR that hovers around 3-6%.

Finnish media Digitoday knows that in addition to Blyk, Aito Technologies has currently six commercial pilots running in Europe, including Finland. Digitoday also reports that Aito has around 700 potential customers, traditional and virtual mobile operators. Along with these, Aito is going after ring tone, community and added value service providers in the mobile space, which there are around 2000 to 3000.

Aito Technologies is owned by the employees as well as two reputable Nordic investement funds, Creandum and Conor. The company has currently 25 employees.

Microsoft Launches Tools For Startups - BizSpark

November 13th 2008
Antti Vilpponen

BizsparkLast Friday, Microsoft launched a new program called Bizspark that offers startups of different ages and stages tools to take care of their software and hosting requirements. Technopolis Ventures, Veraventure, The Finnish Software Entrepeneurs Association and Venture Cup has partnered with Microsoft in Finland to accept participants into the program.

Startups must meet the following requirements to be accepted into the program:

  • Be actively engaged in development of a software-based product or service that will form a core of its current or intended business
  • Be privately held
  • Be in business for less than 3 years and
  • Have less than 1 million USD annual turnover.

Despite being a Mac fanatic, I have to give it to Microsoft for pulling this off. They are sponsoring a wide range of products that suit many companies working in the internet space especially. Also, the packages being offered are tailored for companies in different stages of their growth and thus are also bundled together with their capability to pay for the software.

For more information, visit Microsoft Bizspark. You can also find your partners in Sweden, Norway, Denmark and the Baltics through this link.

Fortumo and Kuneri Selected to Mobile Media Conference

November 13th 2008
Miikka Kukkosuo

Estonian Fortumo and Finnish Kuneri have won a free pass to Nordic Mobile Media Conference in Tallinn, Estonia on December 3-4th. Both companies will also get an exhibition stand in the event.

Fortumo (coverage) enables quick and free creation and monetization of web-based mobile services maintenance, while Kuneri (coverage) provides a variety of Flash Lite tools and services, latest release being Pikkoo.

Congrats to the winners!

[Registeration to the conference]