Over 60 Finnish companies are currently active in nanotechnology applications across industries like electronics, medical/biotech, and chemical. While some technologies and applications are still missing from the commercial sector, nanotechnology can be found in all stages of development. Partnering is mostly limited to domestic research institutions. Some challenges in commercializing nanotechnology include moving technology from the lab to industrial production and improving financing options. Most companies are interested in participating in Tekes' upcoming nanotechnology program.
The CTO Survey was conducted by Spinverse Ltd. and covers Finnish CTOs’ views on the current innovation environment and its future outlook.
The survey was supported by EK, Sitra and Technology Academy Finland.
Doran, Jordan and O'Leary (2012) - Presentation to SSISI 1st nov 2012doran_justin
This paper estimates the private returns to four different kinds of R&D spending on the probability of Irish and foreign-owned businesses engaging in product, process and organizational innovation. By providing econometric analysis of nearly 2000 businesses in the Community Innovation Survey: 2004 to 2006, it makes an important contribution to our understanding of the effects of Irish innovation policy, which has incentivized businesses to spend on R&D in Ireland. The main findings are that Irish-owned businesses are significantly more likely than foreign-owned to introduce new products as a result of creative R&D work undertaken. Foreign-owned businesses, which spend nearly 6 times more per worker on R&D than Irish-owned, enjoy very high returns mostly from the purchase or licence of patents. This reflects a fundamental difference in the innovation activities of these businesses, which is critical for policymakers’ understanding of the Irish innovation system.
This presentation is devoted to the introduction of Nanotechnology Products Database (NPD), established in January 2016, in order to become a reliable, credible, and up-to-date source of information for the analysis and characterization of nanotechnology products (i.e., nanoproducts) introduced in global markets.
The CTO Survey was conducted by Spinverse Ltd. and covers Finnish CTOs’ views on the current innovation environment and its future outlook.
The survey was supported by EK, Sitra and Technology Academy Finland.
Doran, Jordan and O'Leary (2012) - Presentation to SSISI 1st nov 2012doran_justin
This paper estimates the private returns to four different kinds of R&D spending on the probability of Irish and foreign-owned businesses engaging in product, process and organizational innovation. By providing econometric analysis of nearly 2000 businesses in the Community Innovation Survey: 2004 to 2006, it makes an important contribution to our understanding of the effects of Irish innovation policy, which has incentivized businesses to spend on R&D in Ireland. The main findings are that Irish-owned businesses are significantly more likely than foreign-owned to introduce new products as a result of creative R&D work undertaken. Foreign-owned businesses, which spend nearly 6 times more per worker on R&D than Irish-owned, enjoy very high returns mostly from the purchase or licence of patents. This reflects a fundamental difference in the innovation activities of these businesses, which is critical for policymakers’ understanding of the Irish innovation system.
This presentation is devoted to the introduction of Nanotechnology Products Database (NPD), established in January 2016, in order to become a reliable, credible, and up-to-date source of information for the analysis and characterization of nanotechnology products (i.e., nanoproducts) introduced in global markets.
The CTO Survey was conducted by Spinverse Ltd. and covers Finnish CTOs’ views on the current innovation environment and its future outlook.
The survey was supported by EK, Sitra and Technology Academy Finland.
In order to help the Finnish manufacturing industry prepare for the future, VTT executed scenario work under its For Industry spearhead programme. The target of the work was to develop scenarios for future ways for Finnish manufacturing companies to conduct successful business beyond 2020. Special emphasis was placed on manufacturing SME business models for 2025. The work was done in collaboration with entrepreneurs and managers of manufacturing SMEs.
Nanotechnology In Finnish Industry 2008Spinverse Ltd
The number of active companies in the Finnish nanotechnology sector increased to 202 from 61 in 2004. Nanotechnology had had a significant positive impact on economic development in the key clusters of the Finnish industry. While the sector growth continued, companies are facing main challenges in shortage of funding and manpower, and intellectual property rights(IPR) issues.
Presentation held by Ms. Anita Grozdanov- Faculty of Technology and metallutrgy as a part of the WINS ICT Call7 Session at the 8th SEEITA and 7th MASIT Open Days Conference, 14th-15th October, 2010
Nanotechnology In Finnish Industry 2006Spinverse Ltd
The number of Finnish companies active in
nanotechnology increased by 125% in 2004-2006, from 61 to 134. This increase took place across all sectors and company sizes. 45 companies had commercial products based on nanotechnology.
Overview of the results of Spinverse's 2012 survey of Finnish CTOs. This presentation was first given at the CTO Forum in Espoo, Finland, on 13th January 2012.
The study was carried out by Spinverse with the support of Sitra, the Federation of Finnish Industries EK, and Technology Academy Finland.
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The CTO Survey was conducted by Spinverse Ltd. and covers Finnish CTOs’ views on the current innovation environment and its future outlook.
The survey was supported by EK, Sitra and Technology Academy Finland.
In order to help the Finnish manufacturing industry prepare for the future, VTT executed scenario work under its For Industry spearhead programme. The target of the work was to develop scenarios for future ways for Finnish manufacturing companies to conduct successful business beyond 2020. Special emphasis was placed on manufacturing SME business models for 2025. The work was done in collaboration with entrepreneurs and managers of manufacturing SMEs.
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The number of active companies in the Finnish nanotechnology sector increased to 202 from 61 in 2004. Nanotechnology had had a significant positive impact on economic development in the key clusters of the Finnish industry. While the sector growth continued, companies are facing main challenges in shortage of funding and manpower, and intellectual property rights(IPR) issues.
Presentation held by Ms. Anita Grozdanov- Faculty of Technology and metallutrgy as a part of the WINS ICT Call7 Session at the 8th SEEITA and 7th MASIT Open Days Conference, 14th-15th October, 2010
Nanotechnology In Finnish Industry 2006Spinverse Ltd
The number of Finnish companies active in
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Overview of the results of Spinverse's 2012 survey of Finnish CTOs. This presentation was first given at the CTO Forum in Espoo, Finland, on 13th January 2012.
The study was carried out by Spinverse with the support of Sitra, the Federation of Finnish Industries EK, and Technology Academy Finland.
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Nanotechnology In Finnish Industry 2004
1. Nanotechnology in Finnish Industry
Spinverse Consulting Oy
Pekka Koponen
Janne Jutila
SPINVERSE
Capital & Consulting
2. Contents
! Project overview and definitions
! Research method and process
! Definition of nanotechnology in relation to Tekes program
! Current status of nanotechnology in Finnish companies
! Active companies and their applications
! Expectations towards Tekes nanotechnology program
! Commercializing nanotechnology in Finland
! Key issues in commercializing technology
! Industry verticals, convergence areas and disruptions
! Conclusions and recommendations
SPINVERSE
Capital & Consulting
3. Project overview
! Nanotechnology in Finnish industry –project is part of
Tekes preparation for Finnish Nanotechnology Program
! Project was carried out during April-May 2004 through
selected interviews and questionnaire
! The target is to evaluate the meaning of nanotechnology in
Finnish Industry currently and its potential in coming years
! What is the existing level and nature of nanotechnology
activities in Finnish companies?
! How to unleash nanotechnology potential in industry for
increased R&D, investment, competitiveness and employment
! What are the focus areas for new activities and how to tackle
technology convergence issues
! What are the companies expectations towards Tekes-program
! How to scope and define Tekes nanotechnology program for
maximum impact
SPINVERSE
Capital & Consulting
4. ...and this information was asked
Current situation Future expectations
! Background information ! What existing challenges could be
! General approach towards solved through better technology?
developing and implementing new ! What role could nanotech play in
technology solving these challenges?
! Existing nanotechnology ! Where is the largest commercial
applications in products potential?
! Ongoing nanotechnology-related ! What are the largest obstacles in
R&D projects commercializing nanotech?
! Partnering with research ! How to build right competences
institutions and companies for future?
! IPR and patent position ! What expectations does the
! Key competences in utilizing company have towards Tekes
nanotechnology for competitive nanotechnology program?
advantage ! What kind of role in nanotech
program would be of interest to
your company?
SPINVERSE
Capital & Consulting
5. Target Group Covers Both Active Nanotech
Companies and Those Who Should Activate
Target group was 150 companies and institutions from
following criteria and sources:
! Finnish companies:
! participation in previous relevant TEKES-programs
! publicly known nanotechnology activities
! in industries or strategic position, where nanotechnology
could have significant impact
! referred by other interview participants during the process
! International companies
! selected large international companies with significant
development base in Finland and/or international distribution
channel for Finnish companies
! Other institutions:
! additional interviews with finance sector, ministries,
universities and incubators to cover specific topics
SPINVERSE
Capital & Consulting
6. Companies in the Target Group Were Chosen to
Represent all Industries and Company Sizes
Industry Large* Medium* Small* Micro* Total
Electronics 15 17 10 6 48
Medical/Biotech 8 11 14 5 38
Chemical 13 2 5 3 23
Forestry 8 1 1 0 10
Metal 3 0 2 0 5
Other industries 8 3 0 0 11
Total/industry 55 34 32 14 135
Other experts 15
Total 150
*EC definitions
Micro-company hc<10, rev. < 1 MEUR
Small company hc<50, rev. < 9 MEUR
Medium-size company hc<250, rev. < 50MEUR
Large Company >Medium-size
SPINVERSE
Capital & Consulting
7. Target Group Industrial Companies are Mainly in
Helsinki, Turku, Tampere, Oulu and Jyväskylä
TE-keskus*
1. Uusimaa 70
2. Varsinais-Suomi 20
3. Satakunta 0
4. Häme 5
5. Pirkanmaa 12
6. Kaakkois-Suomi 1
7. Etelä-Savo 2
8. Pohjois-Savo 5
9. Pohjois-Karjala 1
10. Keski-Suomi 8
11. Etelä-Pohjanmaa 0
12. Pohjanmaa 1
13. Pohjois-Pohjanmaa 10
14. Kainuu 0
15. Lappi 0
Total 135 SPINVERSE
Capital & Consulting
*companies distributed by headquarter
8. Definition of “Nanotechnology” for Tekes
Nanotechnology Program
! Usual definition of “working with objects with size <100 nm” gives good
guideline but is not precise enough
! U.S. National Nanotechnology Initiative defines “nanotechnology” to
involve all of the following:
1. Research and technology development at the atomic, molecular or
macromolecular levels, in the length scale of approximately 1 - 100 nanometer
range.
2. Creating and using structures, devices and systems that have novel properties
and functions because of their small and/or intermediate size.
3. Ability to control or manipulate on the atomic scale.
! Research company Cientifica defines nanotechnology as ”…working with
atomic precision…”
! Clear definition is highly relevant for successful scoping and prioritization
of the program – to rule out nanohype and define budgetary boundaries
! An improved definition should have clear commercial focus and include
whole product / process that benefits from nanotechnology
Nanotechnology utilizes atomic or molecular level
understanding and precision to improve commercial
end-product or process for competitive advantage.
SPINVERSE
Capital & Consulting
9. Current Status of Nanotechnology in Finnish
Companies
SPINVERSE
Capital & Consulting
10. Over 60% Response Rate Covered All Important
Sectors
Industry Large Medium Small Micro Total
Electronics 11 4 7 5 27
Medical/Biotech 4 4 7 1 16
Chemical 8 1 3 3 15
Forestry 5 1 1 0 7
Metal 3 0 2 0 5
Other industries 5 0 0 0 5
Total/industry 36 10 20 9 75
Other experts 12
Total *87
*48 meetings, 39 e-mail answers, response rate: 59%
SPINVERSE
Capital & Consulting
11. Among The Respondents There Were Over 60
Active Companies in All Industries...
Stage of development Count Industry Count
Commercial product 27 Electronics 22
Product Development 17 Medical/Biotech 11
Research 11 Chemical 15
Vision/Strategy 6 Forestry 6
Total Active 61 Metal 4
Not Active 14 Other industries 3
Total 75 Total/industry 61
SPINVERSE
Capital & Consulting
12. …And Respondents Were Located In Most Areas of
Finland
TE-keskus* Count
1. Uusimaa 30
2. Varsinais-Suomi 6
3. Satakunta 1
4. Häme 3
5. Pirkanmaa 9
6. Kaakkois-Suomi 1
7. Etelä-Savo 1
8. Pohjois-Savo 0
9. Pohjois-Karjala 1
10. Keski-Suomi 2
11. Etelä-Pohjanmaa 0
12. Pohjanmaa 1
13. Pohjois-Pohjanmaa 5
14. Kainuu 0
15. Lappi 0
Total 61 SPINVERSE
*companies distributed by headquarter Capital & Consulting
13. Nanotechnology Applications Can Be Found in All
Stages of Development and All Industries...
Applied Product Early commer- Established
research development cialization business
!New design and !Battery technologies !Enhanced optical !Coatings, e.g ALD
Electronics packaging methods for fibres
!New sensors !Lasers
nanoelectronics !Electronics packaging !New laser !Diffractive optics
!Printable electronics technologies !Sensors: gas, inertial
!Nanocoatings i n !Biosensors !Diagnostics systems,
Medical/Biotech plastics multi/self -testers
!Nanoparticles in
!Biosensors diagnostics !Entzymes and
!DNA-chips reagents
!Process efficiency !Co and Ni !Nanofilms in filtering !TiO2
Chemical improvements nanopowders !Catalysts !Conducting polymers
!Sulphur extraction !6n pure metals !UV shielding in paints
with entzymes !Nanocomposites
!Intelligent packaging, !Multicoating/tailored !Functional polymers
Forestry sensors papers, cartonboard
!Multi-layer laminates
!Nanofilters
!Ceramic composites !Self-cleaning and !Carbon coatings
Metal to replace metals scratch-proof metal
coatings
!Nanocoatings in !Ceramics !Water cleaning !Nanocoatings in glass
Other plastics !Nanocomposites in !Nanoparticles & UV
!ESD-textiles packaging filtering in cosmetics
!Nanofibres for air !Catalysators for cars
filters
SPINVERSE
Capital & Consulting
14. ...But Some Technologies And Applications are
Practically Missing From Commercial Sector
! Nanomaterials: more complicated nanostructures
(nanotubes, fullerenes...)
! Nanoelectronics: data storage, display technologies,
quantum computing
! Modeling and measurement tools and software
! New energy sources, transportation and energy saving
methods
! fuel cells, solar power, rechargeable batteries, new power
transmission methods
SPINVERSE
Capital & Consulting
15. Partnering Mostly Limited To Domestic Research
Institutions – Internationally to Bus. Relationships
! Typically companies partner with domestic research
institutions
! Probably reflects the national nature of technology programs
! International partnering usually happens with supplier /
customer companies
! Only few companies have extensive international research
partnerships
! Small companies are as active as big in research partnering
internationally – often based on key employee’s own networks
! Surprisingly few joint-venture efforts between two
companies for developing and marketing a common
product
! Companies have challenges in partnering across industries
and technologies both domestically and internationally
! Tekes help in benchmarking research and facilitating
international partnering very much appreciated
SPINVERSE
Capital & Consulting
16. Some Cases Of Foreign Investment Into Finnish
Company exist – Opposite Very Rare
! Generally international investment into Finnish SME’s is very
limited
! Most often from industrial players though also some venture capital
cases exist
! Often acquisition means increased investment into R&D and growth
(examples Labsystems, Coherent)
! In some cases know-how is transferred abroad
! Nanotechnology driven investments/acquisitions by Finnish
players into foreign companies almost non-existent
! Higher level of cross-border investment/acquisition activity
probably would benefit Finnish nanotechnology development
! More exchange of knowledge and networks across borders
! Better commercialization prospects for SME’s
! Higher activity level in formation of new start-up/spin-off companies
! More activity in VC and investment banking related to nanotechnology
SPINVERSE
Capital & Consulting
17. Patenting Strategies Unclear For Most
Nanotechnology Companies
! Currently 24 companies claim to have approved or pending
nanotechnology-related patents
! Patenting strategies range from very high coverage to
strong resistance towards patenting
! Generally no clear nanotechnology patenting strategies were
identified
! Some companies cited fear of technology leakages as reason
for not patenting
! A few companies benefit from patent portfolio licensing
income for additional research funding
! Venture capital - ownership seems to link with more
focused patenting strategy
⇒ Improving patenting capabilities should have high-priority
in nanotechnology program (education of companies and
patent officers, support, information on international
activities)
SPINVERSE
Capital & Consulting
18. Biggest Challenges Are Seen In Moving Technology
From Laboratory to Industrial Production
! Short-term R & D challenges demanding but companies see
even larger challenges down the road
! Implementing research ideas into products and industrial
process often not viable because of high prices
! ”Laboratory prices” prohibitively high but can’t come down
before industrial-scale production starts
! Growing concern in finding cross-technical R&D experts
with understanding of industrial production processes
⇒ Long-term financing required for break-through
development projects
⇒ Nanotechnology program should cover not only R&D area
but also provide tools for industrialization activities
⇒ Moving products from laboratories into industrial production
vital for generating new products and business
⇒ Facilitating transfers between industry and academic R&D
SPINVERSE
Capital & Consulting
19. Companies See Financing as One of Key Activities
and Have Some Thoughts on How to Improve It
! 55% of companies expect the program to provide financing to their
R&D program
! Almost half of companies are not expecting financing because of
several reasons:
! Company is currently missing nanotechnology strategy and thus does
not have identifiable projects to be financed
! Company has not been able to identify a suitable technology program
under which to apply for financing
! Funding research is carried out by 100% own money
! Most often raised challenges in current financing structure are:
! Financing must be sought from several different public sources, each
with different tools and goals and requirements
! Financing should be committed for longer projects (2-5 years) but
based on achievement mile-stones
! Companies find it difficult to work together in development
projects (unless they have close customer-supplier relationship)
! Joint multicompany projects work better if they focus on enabling
technology rather than product development
SPINVERSE
Capital & Consulting
20. Nanotechnology is Currently Important for 300-500*
Finns in Business and Will Create New Jobs
! Total employment impact likely to be much higher if indirect
effects are included
! Production personnel, competitiveness improvement impact etc.
! Amount of people involved with nanotechnology expected to
increase strongly due to several factors:
! New start-ups taking advantage of opportunities to commercialize
research
! Existing active companies aim to increase their nano-related
development activities
! New companies adjusting their strategy and activating their R&D
efforts in this area
! However, important to keep in mind that…
! Start-ups’ impact on employment is limited by 2010
! Larger companies may re-educate their R&D personnel towards
nanotechnology competences - overall employment unchanged
! High need for highly educated and multi-talented people
! Biggest impact comes from overall growth and profitability to which
efforts should contribute
! Some degrading businesses (e.g. Textiles) could find
opportunities to direct the company to new, better markets
*) 61 or more active companies active; estimate 5-8 people involved with
nanotechnology per company SPINVERSE
Capital & Consulting
21. Over 70% of the Surveyed Companies Want to
Participate TEKES Nanotechnology Program
Role in program Count
Orchestrator 14
Active participant 40
Information collector 4
Not interested 5
Not sure 12
Total 75
Points of interest:
! Most of the orchestrator-volunteers are small companies
! Most companies in ”Not sure”-category were interested to
create an own nanotechnology strategy
SPINVERSE
Capital & Consulting
22. Companies Have Large Expectations And Strong
Support For Nanotechnology Program
! Expectation to TEKES-program support
! Financing of own projects 55 %
! Linkage to new projects 64 %
! Info on new research 55 %
! Info on new commercial applications 36 %
! Info on new investments and acquisitions 17 %
! Previous Tekes-programs have build good ground for
launching an ambitious and successful nanotech program
! Proven by high willingness to participate in projects
! Currently companies see too many overlapping initiatives in
this area
! Wide agreement that focus should stretch from R&D into
commercialization activities
! Long-term commitment but with near-term commercial impact
SPINVERSE
Capital & Consulting
24. Fundamental Elements Have To Be In Place
Before Business Take-off Is Possible
Customer acceptance
Business take-off
Business system Enabling
Technologies
SPINVERSE
Capital & Consulting
25. Several Points of interest in Each Fundamental
Element Of Business Take-off
! Customer Acceptance
! End-user need and knowledge of better solution
! Inertia for change
! Winning over all subsequent customers in value chain
! Business System : Current industry dynamics
! Level of horizontalization
! Level of consolidation
! Competition and substitution
! Points of convergence Study
focus
! Enabling technologies
! Maturity
! Disruptiveness
! Complementary technologies and standards
! Basic research, method and tools availability
SPINVERSE
Capital & Consulting
26. Points of Interest in Developing Nanotechnology
Related Business
Metal industry Forestry Electronics Medical/biotech Energy/Chemistry
Co.4
Disruptive
changes
Co.2
Co.2
Commercial
challenges
Co.3
Co.2
Company 1
Convergence Convergence
area area
Co.1
Co.2
Co.1
Operational
Co.1
challenges
Co.1
Application Application Application Application
1 2 3 4
Enabling technologies Enabling technologies
Basic research
SPINVERSE
Capital & Consulting
27. How To Bridge The “Chasm” Between Early Market
And Growth Stage Is The Ultimate Challenge
In Vi Pr Co Sc
no si ag nc ep
va on m er t ic
to ar at va s
rs ie is tiv
s ts
es
2005 2010?
Source: Geoffrey Moore (1991)
SPINVERSE
Capital & Consulting
28. Finnish Electronics Industry has Strong Cluster(s)
and Good International Credibility
Research Development Component mfg. Product Dev., Mfg and Distribution
Strong Strong
in some in some Weak Strong Strong
areas areas
! Typical early-stage nanotech company business model is
component or material developer
! Good competences in photonics and sensors, fairly weak in
other nanoelectronics areas
! Opportunities also for coatings (scratch-proof, smart) and
new materials (bending displays, heat transfer)
! Finnish large consumer electronics companies could be
important partners for local nanotech start-ups:
! Pilot customer with high growth opportunities
! Internationalization partner
! Can help co-operation with semiconductor industry
SPINVERSE
Capital & Consulting
29. There are Important Synergies between Nanotech
and Micro-Electromechanical Systems (MEMS)
! MEMS-development benefits greatly from atomic level
understanding:
! improved durability of moving parts
! decreased ”stickiness” of contacts
! hydrophobic features
! Same modeling software and in some cases design
principles can be utilized
! Same company entities tend to apply MEMS and
nanotechnology
! Manufacturing MEMS involves nano-level characteristics -
Finnish expertise internationally leading
" MEMS can be seen as an important way to link
nanotechnology applications with macro-level world
SPINVERSE
Capital & Consulting
30. Forest Industry Has Cutting-Edge Research But
Limited Medium-Term Impact From Nanotech
! Strong cluster and cutting-edge R&D ongoing in Finland
! Strong networks and partnering with research institutions and
within value chain
! World-leading research teams, test laboratories and facilities
! Nanotechnology impact on industry unclear but appears
limited (excl. paper-electronics convergence area)
! Development in paper machines (wet-end operation,
composite materials, metal coatings)
! Improvements in paper and paperboard characteristics and
functionality through multi-coating
! Paper industry chemicals development
! New and improved printing technologies
! Production process knowledge and experience of value in
cross-functional R & D efforts
! Linkages to metal/machinery industry development
(coatings, ceramics etc.) and chemical industry
SPINVERSE
Capital & Consulting
31. Convergence
area
Interesting Convergence Emerging
Between Paper and Electronics
! Interesting new opportunities and threats opening in the border
area of two strong clusters
! Paper industry developing products for printable electronics,
embedded RFID and intelligent packaging with sensors
! Electronic paper and other new display technologies entering
commercial stage
! Highly interesting R&D opportunities to be pursued next years
! New improved paper-grades and –coatings for these applications
! New information collection and communication devices needed
! New intelligent forms of packaging with printed electronics & sensors
=> Very wide potential application area (industrial & consumer space)
=> High potential for disruptive changes (logistics, consumer info)
=> Is this within nanotechnology program scope?
! Currently mostly within micrometer range but atomic/molecular level
research helps improving surfaces, interactions, printability etc.
SPINVERSE
Capital & Consulting
32. New Biotech Strength Can Be Found From
Technical And System Development
R&D, Patenting Clinical testing Manufacturing Global distribution
Appr. 30 start-ups Orion Missing!
! 38 medical area companies identified in Finland – mostly small
start-ups in biotech and diagnostics
! Vertical lacking proper cluster characteristics as demanding
global customers are missing from Finland
! Active nanotech related research ongoing in medical front but
severe challenges on operational and commercial issues
! Difficult for small company to reach critical mass of competences
to brake into markets with own products and services
! A few success stories possible in diagnostics/fluidistics area
⇒ More emphasis on technical and system related product
development
⇒ Active support for start-ups in securing supplier contracts with
global medical distributors SPINVERSE
Capital & Consulting
33. Convergence Increasing Health Interest Drives
area
Diagnostics And Electronics Convergence
! Population aging and increased health consciousness is
creating demand for new types of health products
! POC and self diagnostics with related systems, reagents etc.
! Health monitoring devices and services both for officials,
elderly people and active sportsmen
! Several Finnish electronics players with global reach and
strong brands aim to develop products for these markets
! Also several small diagnostics companies are well placed to
benefit from these trends
! Surprisingly limited cooperation across these industries
currently ongoing
=> Highly interesting area for Tekes to enhance cross-industry
cooperation in research and product development
SPINVERSE
Capital & Consulting
34. Chemical Industry is Among Most Advanced in
Applying Nanotechnology
! Nanoscale issues are usually critical in the beginning of
industrial process i.e. raw material production
! These industries then impact others further down the value
chain
! These industries have been pushing nanotech frontiers in
their research and products for quite some time
! Process improvements using catalysts, films, entzymes etc.
! Product improvements with nanoparticles etc.
! Interest in enabling techniques such as chromatography,
characterization, modeling
! New technologies appear to provide opportunities for
considerable improvements and even disruptive changes
! Slow investment cycle largest challenge for product and
process improvements
SPINVERSE
Capital & Consulting
35. Energy Industry Benefits From Improved Refining
Technology And New Energy Sources
! Energy sector usually divided into production, distribution
and consumption
! Nanotechnology with potential impact in all of these
! Oil-refining yield is improved through nanocatalysts
! Alternatives for oil drive new energy source research:
! solar photovoltaic, biomass, wind turbines, geothermal and
fuel cell technologies
! Nanotechnology related applications: fuel cells, solar
power, rechargeable batteries, power transmission, lighting,
energy savings (window coatings, roof insulation)
-> Finland would benefit from improved refining of imported oil
and commercialization of new energy sources and savings
SPINVERSE
Capital & Consulting
36. Metal & Machinery Benefits Of Improved Metal
Characteristics And New Materials
! Metal industry applications are mainly focused on surface
chemistry
! Self-cleaning capabilities
! Reduced friction
! Scratch-proofness
! Corrosion-resistance
! Improving plastics and composites expanding required material
competences in machinery
! Finnish metal industry is well-placed to take benefit from new R&D
capabilities
! Products usually in niche segments and upper market
! Strong metal-paper –industry collaboration adding resources
"This is one opportunity for Finnish steel sector to differentiate in
global competition
"Horizontal opportunities for coating technologies exist between
metal, electronics and chemical
SPINVERSE
Capital & Consulting
37. Other interesting industries
Defence/Aerospace:
! Globally very important sector for nanotech applications and research:
! Well funded
! First market for several technologies
! Finnish political influence as well as number of active Finnish companies
is internationally very small, however:
! Nuclear, biological and chemical weapon detectors
! Space activities through ESA
Construction:
! Provides applications for self-cleaning and scratch-proof surfaces as well
as new insulation materials
! New opportunities for construction in building clean-room facilities
Automotive:
! While volume car manufacturing is not significant in Finland, there exist
strong niche competences for specialty vehicles (forestry, defence etc.)
! Business opportunities for subcontractors in sensors, communications,
catalysators, filters etc.
SPINVERSE
Capital & Consulting
38. Nanotechnology Has Potential For Disruptive
Changes – Where And How Not Visible Yet
! Currently developments leading to disruptive changes are
not clearly visible and identifiable
! Probably because visibility horizon in interviews is 2-4 years
! Technological breakthroughs happen before commercial
disruptions
! Disruptive impact of nanotechnology will come about in due
time – visibility into where and how improves fast
! Focus and ambition level should be to look for them
! Only way to overcome the inertia against change and
substitute existing solutions
! Enabling new investment in mature industries
=> Further research into where and how nanotechnology
causes disruptive commercial changes recommended
SPINVERSE
Capital & Consulting
40. SWOT-analysis for TEKES Nanotechnology
Program (or for Developing Nanotechnology in Finnish Industry?)
Strengths Weaknesses
-Over 60 Finnish companies already active -Little international partnering and
in nanotech investment
-Strong clusters in electronics and forestry -Unclear patenting strategies
-Strong expertise in lasers, coatings -Challenges in commercializing research
sensors and certain nanoparticles -Small number of people involved
-Five strong nanotechnology centers -Narrow technology focus
-70% interviewees want to participate
program
Opportunities Threats
-Create well-defined, truly cross- -Fall in technology, scientific or industry
technological program cilos
-Build on previous programs (ELMO, -Create scattered, overlapping activities
POTRA, PINTA...) -Overlook international angle
-Involve all relevant public bodies
-New approach to early stage financing
-Facilitated cross-company co-operation
-Activate companies through information SPINVERSE
sharing
Capital & Consulting
41. “Nanotechnology” Crosses Several Boundaries and
Thus Scoping the Program Right is Important
! Nanotechnology includes and overlaps with several existing
technology areas
! MEMS-boundary
! Medical/biotech overlap
! Traditional chemistry vs. nanotechnology applications
! Micro-scale applications where atomic/molecular level understanding
enhances capabilities
! Due to overlapping nature scoping nanotechnology program with
other existing Tekes-programs is a challenge and an opportunity
! ELMO, PRESTO, POTRA, PINTA continuation
! Further scoping between nanotechnology and medical/biotech
necessary. One possible definition could be:
! If process aims for direct human medical impact then medical/biotech
! If aims for indirect diagnostic or drug delivery goal then part of
nanotechnology program
! Wide scoping of ”Nanotechnology Program” provides advantages
in developing cross-technological competences
SPINVERSE
Capital & Consulting
42. Seed Money Comes from Too Many Sources and
Leaves a Gap Before Profitability or VCs
! New company funding comes in too small installments and
from too many sources (TE-keskus, TEKES, Sitra, Finnvera,
TeSi,...).
! TEKES follow-up of funding has become more demanding
and requires additional, non value-increasing work from
company reporting
! Venture Capital was seen often confusing, even scary, and
companies would benefit from help in understanding when
and how to approach them
! TEKES new 100KEUR capital loan is a good step in right
direction
! However even bigger seed-money (300-500K) would make it
easier to attract highly educated employees from academia
and industry.
SPINVERSE
Capital & Consulting
43. Information Sharing (In English) Is a Key Activity
For Nanotechnology Program
! As nanotechnology interest has grown it has lead to overflow of
unstructured, unfocused and biased information
! Companies are missing sources of in-depth, focused & relevant
information
! Companies have high expectations toward Tekes on information
sharing
! Info on new research regarded as important as financing for own
projects
! More than a third of companies expect info on new commercial
applications – even info of investments and acquisitions is of interest
! Using English as language regarded as vital
! International companies need material in English anyway
! Foreign employees interested in participating in seminars etc.
! International interest towards Finnish nanotechnology beneficial
! Tekes should fund information provision that is able to
! Cover technical, commercial and investment issues
! Understand needs and issues in different industries
! Is able to package right information from R&D specialist to top-
management
SPINVERSE
Capital & Consulting
44. Facilitating Cross-Industry Projects Requires
Technology, Commercial and Strategy Understanding
! Over 60% of companies expected TEKES to provide access
to new projects
! TEKES-program have an opportunity to link industry
players, if it can combine:
! Strong understanding of technology capabilities
! Wide knowledge on different domestic and international
companies’ strategies, needs and capabilities
! The closer to commercialization, the more one should
consider avoiding conflicts of interests
! Every participant should bring unique competence, e.g.
research institute, component manufacturer and end-product
producer
SPINVERSE
Capital & Consulting
45. Large Company Needs Could Drive Small
Companies’ Focus
Nokia’s nanotechnology strategy collaborates with external
companies in the following areas:
Electronics
! New structures for future electronics, e.g for memory
technologies
! New design methods and tools for nanoelectronics
! Sensors, e.g. for self-diagnostics
! Battery technologies, e.g. fuel cells
! Electronics packaging materials
Coatings
! Scratch-proof coatings for lenses, screens etc.
! Functional coatings, color or picture effects
Materials
! High thermal conducting materials for heat dissipation
SPINVERSE
Capital & Consulting
46. Summary of Survey – There is a Good Base and
Wide Support for TEKES Nanotechnology Program
! Survey found over 60 Finnish companies with nanotechnology related
activities in multiple industries and technologies. These ranged from
vision/strategy to commercial products.
! Companies expect TEKES-program to focus in technology
commercialization in target-oriented company joint projects. Use of
English is elementary.
! Many companies, who would benefit from nanotechnology, and would
activate themselves with 1) additional information on nanotech
benefits, 2) facilitated partnering and 3) funding.
! 300-500 people work actively with nanotechnology in Finnish
companies. This number can be increased significantly.
! Finnish industries have attractive nanotechnology commercialization
opportunities in electronics cluster and applying new technologies in
diagnostics and drug delivery. Most industries have opportunities as
well. Convergence between industries, like electronics and forestry
should be utilized and cross-industry application for technologies
sought.
! TEKES and other Finnish public funding institutions (KTM, OPM,
Suomen Akatemia, SITRA, TE-centers, Finnvera) should co-operate
closely to develop The Finnish Nanotechnology Initiative (FNI)
SPINVERSE
Capital & Consulting
47. Measures of success for TEKES Nanotechnology
Program for 2010
Now 2010
! Increased amounts of companies
! With commercial product 27 100
! Active with nanotechnology 61 200
! With related patents 24 100
! Active people in industry 300-500 2-5 K
! Exports (nanotech related) further research req’d
! Investments
! Private VC-investments Few 20
! International industrial Few 20
investments to Finland
! Finnish investments abroad 0 10
SPINVERSE
Capital & Consulting