Woamy Oy closes €1 million seed round
Woamy, an Aalto University spin-out formerly known as the Foamwood project, that brings to the market a biobased foam material to replace harmful plastic foams, has raised a 1€ million seed round to develop and scale up the technology.
Read more on company's press release and Kauppalehti.
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Nordic Bioproducts Group opens its first major production facility for advanced cellulosic materials
Aalto-based startup Nordic Bioproducts Group has opened its state-of-the-art production facility in Lappeenranta, Finland. This facility, powered by the company’s proprietary AaltoCellTM Technology, is dedicated to the commercial-scale production of advanced cellulosic materials, including its flagship Microcrystalline Cellulose (MCC). The factory is expected to create 40 million euros in revenue in the first full operating year.
State to invest EUR 40 million in satellite company ICEYE
Solidium, which manages state-owned enterprises, will invest EUR 40 million in Aalto-based satellite company Iceye.Iceye is a fast-growing technology company offering satellite imaging based on SAR (SAR) technology. The company also designs, manufactures and sells satellites.
