Posts tagged:

incubator

New Seed Incubator In Estonia

by Miikka Kukkosuo, May 28, 2009 — Leave a Comment

SeedBooster logoEstonian Development Fund has launched new seed business incubator, SeedBooster. The purpose of the incubator is to help develop early-stage businesses to get them mature enough for venture capital financing.

However, the leader of the SeedBooster project, Andrus Oks, comments that the new incubator is actually nothing that much new – it is in fact part of activities Estonian Development Fund has performed already for some time, now just productized and branded. Targeted firms are ones operating in Estonia with a strong desire and possibilities for fast international growth.

So far SeedBooster has taken in for example programming analysis firm Programeter (which just won the runner-up prize in the elevator pitch contest) and website platform developer Edicy (our previous coverage) under its wings. The incubator is looking to include further 5-6 new projects within the next month.

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Finland Puts €45 Million Into High Growth Incubation Fund

by Antti Vilpponen, March 23, 2009 — 6 Comments

InnovationFinland’s Minister of employment and the economy, Mauri Pekkarinen, has announced last week that Finland will be adding more capability to commercialise innovations with a €45 million fund. The fund is put together from governmental organisations such as Tekes and Finnvera’s seed financier Vera.

The aim of the new fund is to attract more international talent from overseas to help the companies grow and also enable more targeted investments. One of the ways international talent is attracted is the financial upside. The goverment is willing to invest into these companies, if a private sector individual (person or organisation) invests. Thus the financial upside is the invested amount in the company.
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