- News article -

Spinverse acquires Innovation Mill-accelerator

26 Sep 2013

Finnish innovation consultancy Spinverse strengthens its service portfolio by acquiring Open Innovation Management Oy. By acquisition Spinverse begins operating the Innovation Mill-accelerator, which commercializes large corporations’ unused ideas and innovations. The accelerator started as cooperation between Nokia, Tekes and Technopolis and during the four years of operation it has created 70 new companies and 650 new jobs.

Spinverse prepares and coordinates national and international innovation programs, organizes innovation funding for its industrial customers and consults growth companies in business development. Spinverse was founded in 2004 by ex-Nokia director Pekka Koponen and after the acquisition employs over 30 people in Finland, Russia and China.

Innovation Mill accelerator program commercializes large corporations’ unused innovations that are not within the core of their corporate strategy. Together with the corporations, Innovation Mill seeks the founding team, service providers and early stage funding. The program started in 2009 as cooperation between Nokia, Technopolis and Tekes. Nokia Solutions&Networks, Fortum, Metso, Kemira, Wärtsilä and Ruukki are also involved in the program.

“By combining the services of Spinverse and Innovation Mill, we can serve the innovation development of large technology companies better. Companies created in Innovation Mill program will get more comprehensive and long-term support in business development and follow-on funding. Structural change in the industrial sector continues and new ideas and vacant experts enter the market. If Finland has the desire to develop and fund these projects, we have a great future ahead of us”, says Pekka Koponen, CEO of Spinverse.

For further information, please contact:

Pekka Koponen
CEO, Spinverse Oy
Tel. +358 40 545 0008
pekka.koponen@spinverse.com

- Contact us -

Want to learn how Spinverse could help you? Contact us now!



Pekka Koponen

Chairman, Founder +358 40 545 0008

- News -

Relevant posts

Public Funding Spinverse News

Economic growth needs innovation and long-term projects — where is the needed public funding?

18 Sep 2020

The Finnish economic success has been based on high-quality education and research. However, Finnish compani...

Public Funding Horizon Europe

Latest news about Horizon Europe and other growth opportunities beyond 2020

16 Sep 2020

Horizon Europe, the EU’s next framework programme for research and innovation, is approaching fast after t...

ecosystem Our People Spinverse News

A must-read: Ecosystem Handbook - The art of leading and creating impact

9 Sep 2020

In today’s rapidly changing world, very few organizations or people can make it alone. At best, orchestrat...

ICT Public Funding innovation ecosystem

Spinverse helped ELISE project to gain 12 M€ funding – project aims to make Europe powerhouse of AI

4 Sep 2020

The goal of the European multi-disciplinary ELISE project, recently funded with 12 M€ by the European Comm...

Client News SME EIC Accelerator

Revolutionary microphone technology from Norway

25 Aug 2020

Spinverse recently helped the Norwegian start-up sensiBel in securing the 2.5 M€ grant and 4.2 M€ equity...

Our People Spinverse News

Celebrating success: promotions and a new face in the Sustainable Industries team

24 Aug 2020

When our customers succeed, we succeed. So do our employees. The new promotions in the Sustainable Industrie...