Spin-offs managed to raise record high new capital in 2010
Spinoffs managed by VTT Ventures Ltd raised approximately €4,3 million of new
capital in 2010 which is twice as much as the year before. VTT Ventures share
of the new capital was roughly one million euros. Majority of the new
investments came from domestic venture capital funds. The highest single
investment for one company last year was €1,2 million. One of the portfolio
companies received an investment from a foreign venture capital fund. This was
the first time a foreign investment fund invested in VTT spin-offs. Two new
spinoffs received funding last year including Hookie Technologies Oy and
VTT Ventures Ltd
VTT Ventures Ltd’s mission is to focus on extracting value from VTT technology in developing VTT based high-tech companies with international growth potential. The company seeks actively talented and experienced entrepreneurs to champion the commercialization of it’s technology. VTT Ventures Ltd provides the entrepreneurs with professional business development support together with its public and private innovation partners to facilitate the spin-off process from business planning to funding. VTT Ventures co-invests in its spin-offs with private investors. VTT Ventures goal is stimulate innovation and economic growth in Finland and to have a return on its pre-seed and seed capital investments.
VTT Ventures Oy’s spin-off portfolio includes 20 companies in start-up phase.
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