Finnish nominees for global Later Stage Awards have been selected

Finnish nominees for global Later Stage Awards have been selected

Jul 18, 2016
Energy & resource efficiency
Renewables & smart grid

Global Cleantech Cluster Association’s Later Stage Awards, one of the most prestigious cleantech competitions in the world, has now moved into nominating competing companies from each participating country. So called later stage cleantech companies will be competing in ten different cleantech categories, including waste management, sustainable building, transportation and energy efficiency.

The following cleantech companies from Finland were chosen to proceed in the competition: NaturVention (Bioenergy ja bio materials), Wirepas (Sustainable IT), Aidon (Sustainable IT), Easy LED (Energy efficiency and lightning), Greenled (Energy efficiency and lightning), Enersize (Energy efficiency and lightning), OptiWatti (Energy storage and smart grid), Nuukasolutions (Energy storage and smart grid), Linkker (Transportation), RePack (Waste management).

"Finnish cleantech industry is in a phase of rapid growth and internationalisation. Later Stage Awards is an excellent channel to raise global awareness of Finnish innovative companies. Especially investors will note the shortlisted companies," says Jussi Vanhanen, Program Director of Cleantech Finland. 

"This year it was difficult to choose the ten most interesting companies with the largest potential among the growth companies. Finnish expertise is clearly strongest in the field of energy efficiency and smart grid services and solutions."

Finnish companies were chosen by a jury consisting of Sari Siitonen, Director of Sustainable Business at Confederation of Finnish industries, Tarja Teppo, CFO in Cleantech Invest, Jussi Vanhanen, Program Manager at Cleantech Finland and Jyri Arponen, Program Manager at Tekes. The secretary for the jury was Nina Harjula, CEO of Nordic Innovation Accelerator (NIA).

The companies chosen for Later Stage Awards will be thoroughly evaluated during the following months based on their achievements, innovativeness and business know-how. For the final stage of the competition, 30 finalists are chosen using the KeyStone Compact Assessment method. The last word, however, will be with international investors. The winners in the ten categories will be announced on 11 December 2016 in Little Rock, Arkansas, United States.

Finnish cleantech companies have been very successful in the competition in previous years. At the end of June, for example, Eniram, the category winner of 2012, was in the spotlight when it was sold to Wärtsilä for 43 million euros.

Image: NaturVention

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