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VTT Ventures operates as the corporate venture capital arm of VTT Technical Research Centre of Finland Ltd, focusing on the strategic commercialization of advanced research. The entity specializes in transforming breakthrough intellectual property rights and cutting-edge technologies developed within VTT into scalable, impact-driven companies. It supports the creation of new ventures and spin-offs by providing in-kind investments in exchange for equity, thereby fostering the development of deep tech businesses rooted in VTT's extensive R&D.
Established in 2010, VTT Ventures emerged from the VTT Technical Research Centre, a research and technology company owned by the Finnish government. The foundational insight was to actively extract value from VTT’s substantial technological advancements and intellectual property. This initiative provides a structured pathway to accelerate the journey from laboratory innovation to market readiness, ensuring VTT's publicly funded research yields broader economic and societal benefits.
The primary beneficiaries of VTT Ventures' activities are the nascent high-tech companies and startups that leverage VTT’s proprietary technologies. Its overarching mission is to cultivate VTT-based enterprises with strong potential for international growth, ultimately translating scientific breakthroughs into tangible commercial successes. The long-term vision is to systematically bridge the gap between pioneering research and global market impact, fostering an ecosystem where advanced scientific endeavors drive economic vitality.
VTT Ventures has 4 tracked investments across 4 companies. The latest tracked deal is $2.0M Seed in Steady Energy in June 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 1, 2023 | Steady Energy | $2.0M Seed | Lifeline Ventures, YES VC, VTT Ventures | Jenny Fielding, Scott Hartley, LocalGlobe, Mosaic Ventures, Pitbull Ventures, Jack Leeney, Richard Laxer |
| Nov 1, 2021 | Dispelix | $33.0M Series B | Atlantic Bridge, CCB Trust, Flashpoint | 3M Ventures, Lifeline Ventures, Tesi |
| Oct 1, 2021 | Kuva Space | $5.0M Seed | Voima Ventures, Nordic Foodtech VC | European Space Agency |
| Jun 1, 2017 | Minima Processor | $6.2M Seed | — | Aalto University, CFT Nordic Capital, Lifeline Ventures |