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Funding for Photonics

2018-30-11 @ 12:00 - 16:00

Business Finland and Photonics Finland are organizing Funding for Photonics event on 30 Nov 2018 in Helsinki, Finland. The purpose of the event is to bring photonics SMEs, Startup companies and investors together. The Final program will be announced at the end of October.

The event is free of charge but registration is mandatory. Please make your registration not later than 23th of November 2018. https://link.webropolsurveys.com/S/798CDAC77BE699CF


Program 12:00-16:00


12:00 Photonics & Funding – Jyrki Saarinen

12:20 Butterfly Ventures – Matti Kanninen

12:35 FIBAN – Reidar Wasenius

12:50 Business Finland – Juha Peltomäki

13:05 Case: Varjo Technologies Oy

13:20 Case: Dispelix Oy

13:35 Case: Specim Oy

13:50 Coffee Break

14:20 Photonics Companies pitching (6 companies)

15:20 Photonics TUTL projects (6 projects)

15:55 Closing + Networking Photonics in Finland: https://www.photonics.fi/photonics-industry-report-finland/


Jyrki Saarinen

Dr. Jyrki Saarinen holds the position as a full professor on photonics applications and commercialization. He is also Head of the Institute of Photonics and Head of the Department of Physics and Mathematics at UEF. Besides, a D.Sc. (Tech.) degree from physics/micro-optics at Helsinki University of Technology TKK (nowadays Aalto University), he also holds an MBA from TKK Executive School of Business. He is a co-founder of Heptagon a world-leading wafer-level optics and optoelectronics company (exit valuation up to US$920M, now employing over 7 500 people worldwide). He has also co-founded five companies in photonics (three technology start-up companies, one consulting company, and one non-profit company). Currently, he is Chairman/Vice Chairman/Member of the Board in seven SMEs. And he is involved with tens of start-ups and pre-startups in their Advisory Board or as their consultant/mentor. Dispelix Oy (he is co-founder and Chairman of the Board) was selected as Top50 start-up companies in the world in 2017 by Bloomberg Businessweek out of 50 000 candidates. Spectral Engines Oy (Member of the Board, 2014-2018), a VTT spin-off, made a successful exit to m-u-t AG, Germany. Primoceler Oy (Mentor), a Tampere University of Technology spin-off, made a successful exit to Schott AG.

Butterfly Ventures

Butterfly Ventures is one of the most active VCs in the Nordics that is funding companies at their early stage. 80% of Butterfly Ventures portfolio companies do not have any revenue at the time of Butterfly Ventures entry. Butterfly Ventures are very business driven and typically their portfolio companies start generating revenue in less than 6 months from the first investment. Butterfly Ventures is known for their co-operative approach by interfacing with founders directly.


The FiBAN (Finnish business angels network) is one of the largest and most active business angel networks in Europe with over 650 approved members and 100 events annually. FiBAN is a member of the European Business Angels Network (EBAN) and was chosen as the Business Angel Network of the Year in 2012 and 2014. The President of the Republic of Finland Sauli Niinistö has awarded FiBAN the Internationalization Award 2017. During 2010-2017 business angels in Finland have invested at least 202 million euros in 1423 startups. 

Business Finland

Business Finland is the Finnish innovation funding, trade, investment, and travel promotion organization, headquartered in Helsinki. Business Finland is fully owned by the Finnish Government. Business Finland creates new growth by supporting companies to go global, as well as funding innovations. Business Finland top experts speed up the identification of business opportunities around the world and help transform them into global success stories.

Varjo Technologies Oy

The problem of virtual reality (VR) is a resolution. With technology inspired by human evolution, Varjo Technologies is the beginning of a revolution. Varjo is revolutionizing reality with technology that lets you see VR in human-eye resolution. That’s the first step on the road to a completely new kind of computing – where VR and XR become a natural extension of the real world. The Helsinki-based startup Varjo will give a case how they raised to $46m investments to date.

Dispelix Oy

US data analysis company Quid listed the 50 most promising startups (the list was published by Bloomberg). The top 50 were selected from 50,000 startups, with ‘artificial intelligence’ serving as one of the criteria. VTT spin-off, Dispelix Oy, is the only Finnish company to have made it into the top 50! Dispelix Oy produces high-performance Augmented Reality optics. Dispelix lenses are thin, mass-producible, high-performance and, due to their price structure, suitable for mass-manufactured consumer products.

Specim Oy

In order to reach the high-ends of precision, durability, and functionality, Specim has been in the forefront with new technological solutions applied to hyperspectral imaging. World class research, business, and defense organizations are relying on Specim quality when performance and reliability matters. Today more than 4 000 Specim’s instruments and spectrographs are delivered and in daily use. Specim will present the case how they found a key to become a technological leader in the realm of hyperspectral imaging.


Photonics Companies

Comptek Solutions Oy

Comptek Solutions delivers a novel and breakthrough passivation technology for the compound semiconductor industry. The patented process is applicable to a wide variety of optoelectronic devices, such as laser diodes, It sensors, photovoltaic cells or LEDs. One particular area where big efficiency improvements have been demonstrated is the micro LEDs.  Additionally, the developed processes can give great benefits to transistor-based semiconductor devices, like power amplifiers, providing a higher power conversion efficiency and lowering manufacturing costs.

Hypermemo Oy

Hypermemo Oy has developed a CleanTech technology for smart, automotive, and ordinary glass processing based on the use of unique, not existing in the market CO2 laser developed within the company. The Hypermemo laser Glazer (Protected by US Pat. 9407057 and Finland Pat. 125097) has exclusive output characteristics that make possible for the first time to realize the industry oriented full range of glass processing including cutting, chamfering, edge deletion, and surface removal in one unit. Hypermemo’s R&D been supported by former Tekes and recently by European Union’s Horizon 2020 research and innovation programme.

Gasera Oy

Gasera Ltd, a Finnish high tech company, manufactures and sells cutting-edge measuring equipment that enables reliable analysis of toxic gases. Gasera’s patented core-technology provides outstanding performance and low cost of operation. It enables real-time air pollutant measurements and replaces slow offline laboratory sampling. The unique feature of Gasera’s technology is that it can be miniaturized while maintaining high performance enabling future opportunities in smart homes, safety, and security.

Ampliconyx Oy

The Tampere University of Technology spin-off, Ampliconyx, has developed and patented the technology enabling amplification of ultrashort laser pulses. Ampliconyx offers a range of gain modules and amplifiers suited for amplification of picosecond and nanosecond laser pulses offering cost-efficient and unmatched performance. Ampliconyx Oy is a regular exhibitor at Photonics West.

SeeTrue Technologies Oy

The University of Eastern Finland spin-off, SeeTrue Technologies, developing and starting commercializing customizable eye-tracking solutions based on robust sensors and unique computer vision approach. The technology has been validated in medical environments, as a skill and workload sensor and now approaching applications for VR and user research. SeeTrue Technologies Oy received a business angel investment from a group of partners for further technology development and for bringing the product to the markets. They have recently received a TEMPO acceleration funding from Business Finland.

Summa Semiconductor Oy

Helsinki based start-up Summa Semiconductor (founded in 2015) offers service of prototyping, small-scale production, and a path to larger production volumes. They serve small and medium-sized companies as well as large companies with the needs of turning R&D to production. Summa Semiconductor offers also technology and manufacturing process transfer to customer’s own facilities after completing R&D, small-volume manufacturing or ramp-up phases in Finland.


TUTL projects

– SAFTIR (VTT) – SAFTIR is an unique highly sensitive optical transducer technology platform for rapid point-of-need diagnostics tests. The market entry focus is in food safety and animal health. Technology is patented by VTT.

– A-photonics (Aalto)

– SIR Analytics Oy (VTT/Mikes)

– SEBI (Aalto) – Surface Enhanced biomedical Imaging

– PhotonBridge ( University of Helsinki) – Optical wireless link with fiber-like capacity

– ChemiReader (UEF) – the project aims at first providing a novel platform enabling SERS by spatial separation of the chemical compounds and second setting up a portable device for Raman, SERS, and other spectroscopy measurements on the field.


The event is free of charge but registration is mandatory. Please make your registration not later than 23th of November 2018. https://link.webropolsurveys.com/S/798CDAC77BE699CF





12:00 - 16:00


Business Finland
Porkkalankatu 1
Helsinki, Finland
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