From sixty applications, these twenty-eight exceptional startups earned their spot at our 12th annual Knights of Nordics. Of these, twenty-two call Espoo home, showcasing the innovation hub of the Nordics.
Looking to connect with one of these groundbreaking startups? We’re here to help—contact us
Bio & Circular Economy
Biobros
Biobros provides efficient water purification solutions with the patented Biobros electrocoagulation cleaning system for wastewater without the use of chemicals.
Purification process produces green hydrogen as a side stream, which can be collected to further use. Solar and wind power can be utilized for the required power consumption.
Kuopio, Finland
BioMush
BioMush has developed solution using solid state fermentation technology to turn food industry side streams into umami flavour components. Our solution is designed to be integrated to client's process and tailored to client's side streams and desired end product profile.
Espoo, Finland
Calciner (VTT)
We are a VTT incubator team Calciner that is converting CO2 into CO to improve the profitability of e-/biomethanol process as well as providing fuel and decarbonization solutions to heavy industry.
Espoo, Finland
Freya Cultivation Systems
Freya delivers 2X revenue and 3X EBITDA in commercial greenhouses - compatible with all crops. Freya's $10M pipeline for system deployments includes a Top 3 international retailer. Our patent-pending technology was validated through 5 successful pilots, including a Space agency. Freya is backed by two leading VCs.
Garliava, Lithuania
Infinited Fiber Company
Infinited Fiber Company is a growth company born out of a desire to solve some of the biggest challenges in the fashion industry. Our patented textile-to-textile recycling technology offers a way to capture the value in waste by regenerating it into a new and versatile high-quality textile fiber. Infinna™ has the look and feel of cotton.
Espoo, Finland
Woamy
Woamy Aalto University spin-off, is bringing to the market a revolutionary plastic-free biofoam for protective packaging to replace harmful plastic foams, a solution sought after by the biggest players in the foam market and brands ranging from big electronic companies to luxury brands.
Espoo, Finland
ICT & New Space
Aurora Propulsion Technologies
Aurora delivers advanced propulsion and deorbiting solutions for small- & cubesats, extending satellite lifespans and ensuring regulatory compliance. By offering cost-effective, scalable technologies, we enhance satellite performance and longevity, meeting critical industry needs and driving strong demand. This positions us for substantial returns.
Espoo, Finland
Axiology
Axiology leverages novel regulatory framework provided by EU DLT Pilot Regime Regulation to operate regulated Trading and Settlement System for tokenized securities & settlement in tokenized money. 100k in technology sales already while awaiting regulator status to operate the platform. One of the two platforms testing digital EUR with the ECB.
Vilnius, Lithuania
ConfidentialMind
ConfidentialMind software platform enables companies to integrate generative AI with their confidential data.
Espoo, Finland
Kuva Space
Kuva Space is a Finnish company in a mission to improve life on Earth through spaceborne hyperspectral imaging and AI. It provides decision-makers trusted information on climate change, agriculture, ecosystem management and safety and security everywhere on Earth using the SaaS business model.
Espoo, Finland
Quuppa
Quuppa is a location technology company (RTLS). Our technology is well known on the market and often described as the best one available on the market.
The technology can be used in many different verticals, such as manufacturing, i, logistics, sports, healthcare. Anywhere where submeter accuracy available real time brings business or other benefit
Espoo, Finland
Veil.AI
VEIL.AI is specialized in health data anonymization services and synthetic data. Our unique VEIL Anonymization Engine technology helps healthcare actors and pharmaceutical companies to utilize sensitive data in various use cases, such as transborder data collaborations (e.g., EHDS), re-use of legacy data (e.g., RCT) and AI algorithm development.
Helsinki, Finland
Cleantech & Energy
CeLLife
CeLLife is a pioneering deep technology company specializing in advanced diagnostics, measurement, and quality control for the battery industry. With their patented, world's fastest and most accurate battery quality assurance solution, they serve leading companies from the battery manufacturing and recycling industries.
Tampere, Finland
Elmery
Elmery is a revenue-stage deep tech company, offering patented cost-efficient and sustainable technology for critical metal refining. Our data-driven solution promotes circular economy, electrification and green transition. We have launched our first commercial service in Central Europe and are attracting strong interest from a global customer base
Espoo, Finland
Hyperion
Hyperion robotics is a climate tech company with vision of decarbonising the construction industry.
Espoo, Finland
Hypermine
VTT spin-off Hypermine enables mining companies to get more ores from their mines by detecting minerals during the run of mine 97% more accurately than current mining processes.
Espoo, Finland
Nelinor
Manufacturer of electric battery storage. GridBattery utilises, locally produced solar energy, energy market prices, weather prediction, and user energy consumption profile to achieve highest utilisation of renewable and non-renewable energy.
Espoo, Finland
ReFaMo
Refamo Oy leads in fatigue assessment for welded steel structures under dynamic loads. We develop advanced real-time monitoring solutions to enhance infrastructure durability and safety. Future plans include integrating AI and Digital Twin technology to optimize performance, reliability, and sustainability, ensuring long-term success.
Espoo, Finland
SKYCORP
SKYCORP Technologies develops and produces long endurance hydrogen drones and related infrastructure for first responders and critical infrastructure inspection and security. The company is building the green autonomous ecosystem of drone-based services capable of covering entire countries.
Tartu, Estonia
Tespack
Tespack specialises in providing access to Internet and green energy infrastructure in remote regions thanks to their smart mobile micro-grid systems combining latest power electronics, solar and deep learning features.
Espoo, Finland
Quantum & Semiconductors
Agate Sensors
We are an Aalto University spin-off developing the next generation of miniaturized spectral sensors, with applications ranging from consumer electronics, to personalized healthcare, industrial automation, smart agriculture and space.
Espoo, Finland
ElFys
ElFys provides light detectors with sensitivity exceeding anything seen before. Our patented deep technology can greatly improve any light sensing application ranging from smart rings to autonomous driving. We focus on dual use detectors and analytical instrumentation. We have completed sales to more than 80 companies in seventeen countries.
Espoo, Finland
IQM Finland
Since launching in 2018, IQM has become the fastest-growing quantum computer company and has cemented its position, in terms of install base, as the global leader in designing, building and delivering on-premise quantum computers. In addition to on-premise model IQM has an cloud offering.
Espoo, Finland
QMill
QMill is a Finnish quantum-computing company founded in 2024, dedicated to developing quantum algorithms that provide near-term practical benefits for industrial applications. By leveraging near-future quantum hardware, QMill aims to solve complex optimization problems and deliver significant value across various sectors.
Espoo, Finland
QuantrolOx
QuantrolOx, a University of Oxford spinout, is the developer of Quantum EDGE software for automated bring-up, characterisation and tuning of quantum chips.
Quantum EDGE has set a new benchmark for speed and ease of use for qubit bring up, characterisation and testing with over 100x speed up compared to current industry benchmarks.
Espoo, Finland
See Through Solutions
Our THz-camera detects weapons, explosives, and other objects concealed under clothing. Screening can be made using a stand-off camera 5 meters away from people walking by. AI algorithm makes an automatic alarm. Markets include mass transit, protection of public spaces, events, and critical infrastructure. About 40 cameras have been sold globally.
Espoo, Finland
SemiQon
SemiQon builds silicon-based quantum IC chips for general-purpose quantum computers in the million-qubit era. We use existing semiconductor fabs for manufacturing. SemiQon’s mission is to realize the promise of quantum computing by delivering scalability through powerful, resilient, and cost-effective quantum computers for on-site deployment.
Espoo, Finland
Xiphera
Xiphera protects your valuable assets by designing and implementing proven cryptographic security for embedded systems. We offer secure and highly optimised cryptographic Intellectual Property (IP) cores, designed for ASICs and FPGAs. Our revenue in 2024 is forecasted to exceed 1.2 million euros with more than 3/4 from outside of Finland.
Espoo, Finland