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Funding for Photonics

November 30 @ 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.


Preliminary program 12:00-16:00


Photonics & Funding – Jyrki Saarinen

ButterFly Ventures – Matti Kanninen

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.

– Case: 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.

– Case: 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.

– Case: 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.


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 – Juha Peltomäki

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.


Not confirmed – Photonics Companies

– Hypermemo Oy

– Nanofoot Oy

– Comptek Solutions Oy

– Ampliconyx Oy

– SeeTrue Technologies Oy

– Summa Semicontator Oy


TUTL projects


– A-photonics (Aalto)

– SIR Analytics Oy (VTT/Mikes)

– SEBI – Surface Enhanced biomedical Imaging (Aalto)

– PhotonBridge – Optical wireless link with fiber-like capacity


November 30
12:00 - 16:00


Business Finland
Porkkalankatu 1
Helsinki, Finland
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