A somewhat new initiative coming out of Tekes is Tekes Tempo, a program designed to put "feedback into practice" as we called it. In their own worlds, they're a market-oriented mobile services project designed to encourage growth-seeking companies to quickly reach the top of their field.
In 2011, 16 projects were funded with the average amount of funding for each project was just over EUR 43,000. Tempo is designed to cut through the bureaucracy so companies can quickly test out ideas on the market; so far the average processing time has been 33 days.
One company funded through Tekes Tempo this year has been Tellyo, a Startup Sauna Fall 2011 participant that is turning your phone into a personal remote controller that works with existing TVs. We were lucky to have Tekes suggest Tellyo for interview, the company is doing some really interesting stuff at the moment.