Digitalist said this funding by Tekes
is for Digitalist Finland Plc's project 'Transformation, growth and internationalisation of business operations', the purpose of which is to promote its growth and internationalisation and increase internationalisation readiness of the organisation.
has changed the terms of the development loan offer of EUR9.4m that was earlier granted to the company's fully owned subsidiary Sotkamo Silver Oy.
One of the earliest beneficiaries of Tekes
investment was at the time a little known gaming startup called Supercell - the (http://www.ibtimes.co.uk/articles/521865/20131113/supercell-ceo-ilkka-paananen-building-company-decade.htm) mobile gaming behemoth which is now making almost $3m every single day from its two iOS games Clash of Clans and Hay Day.
As a result of Tekes
's decision, the firm will cut its non-current financial liabilities by EUR2.2m and boost its financial income by the same amount in the financial report for 2011.
' decision-making is constrained by rules that dictate that the maximum subsidy is 50 per cent of incurred costs (60 per cent for medium sized and 70 per cent for small enterprises).
Launched by Technopolis, Nokia Oyj (HEL:NOK1V) and the Finnish Funding Agency for Technology and Innovation (Tekes
), Innovation Mill is a project that utilises the mobile phones maker's unused solutions by transferring them to other firms as new products and services.
Nokia will work with Tekes
, the government's innovation funding agency (www.tekes.fi/eng); Technopolis, a national chain of science parks (www.technopolis.fi); and several Finnish cities to comb through "thousands" of ideas to extract 100 of the most promising.
The funding was given through the National Technology Agency (TEKES
), which has never agreed to disclose the sums it allocates to companies.
AW-Energy has raised a total of EUR7.3m (USD9.2m) in funds from Fortum, Sitra and Tekes
, the Finnish Funding Agency for Technoloy and Innovation.
28 November 2011 - Drug drug developer Biotie Therapies Corp (HEL:BTH1V) said today the Finnish funding agency for technology and innovation Tekes
had agreed to cancel loans of EUR2.2m granted for Biotie's discontinued anticoagulant project ioheparin.
10 December 2010 - Finnish security and privacy software developer Stonesoft Oyj (HEL: SFT1V) said today it will receive funding exceeding EUR1m from the Finnish Funding Agency for Technology and Innovation (Tekes
) for a research and development (R&D) project.