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OpportunitiesinFinlandfor
WearableBusinessByKalleKangasContentContent:ContentOne-sliderProposalGeneralCompetencesinFinlandFinlandWearableHubFinlandeHealthHubCompanieswhoinvestedinFinlandlatelyProposalAppendicesWearableproductsandservicesRelevanteHealthproductsandservicesOtherrelevantcompaniesFinlandWearableOpportunity?FinproPolarHeartrateMonitorsWearItOuraRingSuuntoSportWatchesPulseOnMoodmetricAdidasSmartRun
byElektrobitIbisLuxurySmartwatch
developedbyCreoirFinlandhasavibrantecosystemofwearablecompanies,duetoitshighlyeducatedworkforce,longhistoryofworldclassconsumerelectronicsdevelopment,andpioneeringwearablemakerssuchasPolarandSuunto.ConsiderutilizingtheFinnishworldclasstalentandecosystemofcompaniesinYournextinnovations-inwearablebusinessandbeyond.MyontecClothing+KoruplatformProposalStartutilizingtheFinnishworldclasstalentandecosystem,focusinginthenextinnovationsinwearablebusinessandbeyondOpportunitiesineHealthareastartingfromwearablesandexpandingtoeHealthservicesandplatformsWristbandesthenewhomescreenForexampleintegrationoftemperaturesensors,heartratemonitoringandindoorpositioningtowearabledevicesandonlinecollectionofthisdataforpatientmonitoringandwarningsThecompetencesneededcanbeeasilyfoundinFinlandFinlandhasalsoavibrantecosystemofwearabledevelopmentandlotofemergingeHealthdevelopmentincludingservicesdimensionConsideropportunitiesto:SetupaproductorservicedevelopmentsiteinFinlandCollaboratewithcompaniesinFinland’secosystemAcquireacompany/companieswithsuitableknowhowandtalentinFinland10/9/2024?Finpro4GeneralOneoftheveryfirstwearablepioneers,Polar,hasbeendevelopingtheirheartratemonitorsinFinland,inOuluarea,since1970’s.Suuntobeganfromcompassesin1930s,andbroughtcompassandpressuresensingintowatches.Todaytherearemanycompaniesbringingwearableproductsandrelatedservicesintothemarket,inspiredbySuuntoandPolar.Finlandoffersuniquemixtureofcompetencesforwearabledevelopment:StrongmobileandwearabledevelopmentcompetenceLotoftalentinlocalconnectivitybetweenwearables,mobiledevices/tabletsandcloudSensordevelopmentandutilizationknowhowforheartrateandmanyothersensortechnologiesUserexperienceanddesignexperienceforgloballyrelevantmobileappsanddevicesusedbyBillionsofpeopleworld-wideMaterialtechnologycompetenceInnovationisboostedbycompaniesinvestinginthetechnologiesrelevantforwearablesandbeyond:ActiveecosystemofcompaniesworkinginBluetoothLow-EnergyandsensorsspaceActiveeHealthsectorwithlotofnewemerginginnovations,wherewearablesareanimportantpartoftheecosystem,makingconstantmonitoringpossibleandconvenientEcosystemoftechnologicallyadvancedcompanieswhocanhelprealizefuturevisions10/9/2024?Finpro5CompetencesinFinlandSystemdesignandHWcompetencesRadiotechnologycompetencesMaterialsdevelopmentSensortechnologyAlgorithmdevelopmentEmbeddedSW10/9/2024?Finpro6MobileapplicationdevelopmentforAndroid,iOSandotherplatformsWebfront-endandback-enddevelopmentDataanalysisWirelessconnectivitydevelopmentPowerconsumptionCloudApplication
dataSmartphoneWearableArchitectureknowhowofembedded,mobileandcloudenabledsystemsStandardizationandIPRunderstandingProduct&ProjectManagementIndustrialdesignUserexperiencedefinitionandend-userstudiesConsumerdeviceandservicecreationexperiencePowerconsumptionspecialistsSecurityandprivacyspecialistsFinlandWearableHub10/9/2024?Finpro7ProductisationservicesPolarHeartrateMonitorsAdidasSmartRun
byElektrobitWearItIbisLuxurySmartwatch
developedbyCreoirOuraRingSuuntoSportWatchesProductsPulseOnMoodmetricEnablersSmartClothingMyontecClothing+KorulabsPlatformsSpektikorheart-ratemonitorFinlandeHealthHub10/9/2024?Finpro8OuraRingbyJouzenServicesProductsProductisationservicesiSTOCeHealthdataservice9solutionsindoortrackingsolutionProWellnessClinicalDiseaseManagementSystemMendorBloodGlucoseMeterbyLewelGroupSAErecognitionsystembyInnokasMedicalAavaMobileOptomedSmartscope
medicalimagingdeviceAavaMobile’s
InaritabletformedicaluseGEHealthEnablersCompanieswhoInvestedinFinlandARM(GBR)
MovedinbyacquiringSensinode,todevelopIoTandWearablesolutionsforconnectingdifferentdevicestotheinternetwiththeirARMmbedsolution.Synopsys(USA)
IsmovinginbyacquiringCodenomicon,toexpanditspresence
inthesoftwaresecuritymarketsegmentandextendthe
Coverity?qualityandsecurityplatform.Mediatek(TWN)
EstablishedanR&DcenterinOulutodevelopadvancedcommunicationchipsets.Spreadtrum(CHN)EstablishedanR&DcenterinOulutodevelopadvancedcommunicationchipsets.AMS(AUT)EstablishedanASICdesignR&DcenterinOulu.Kionix(USA)FoundanR&DcenterforsensordevelopmentinOulu.NordicSemiconductor(NOR)
World’sleadingBluetoothLowEnergycompanyopenedanR&DcenterinOululate2014.GEHealth(USA)
EstablishedanR&DcenterinHelsinkiandfoundaHealthInnovationVillageforstart-upcompanies.WearIT(ITA)
EstablishedanR&DcenterinOulutodevelopwearableproducts.Baidu(CHN)
Chineseleadinginternetsearchcompanyrecentlyinvested
10millionUSDinIndoorAtlas,acompanydevelopingindoorpositioningtechnology.WearableandeHealthEcosystems-
ProductsandServices10PolarHeartRateMonitors-Polar10/9/2024?Finpro11Suunto10/9/2024?Finpro12
SuuntoOy-attheforefrontofdesignandinnovationforsportswatches,divecomputersandsportsinstrumentsusedbyadventurersallovertheglobeCreoirHarmonyWatchconcept10/9/2024?Finpro13
Designanddevelopmentofdigitalservicesandwirelessdevicescoveringallthephases:IndustrialdesignHardwareSoftwareManufacturingCloudAftersalesservicesIbisLuxuryWatchconcept10/9/2024?Finpro14
LearnaboutyourbodyataglanceōURAringmeasuresandanalysesyourbodyandlearnsaboutyouandyourlifestyle.Itcommunicatesitsobservationsandsuggestionsthroughamobileapp.TheōURAappvisualizesthemeasureddata,providingyouwithpersonalizedmendations.Itdeliverscleartextualmessageflowshowingthetrends,detailsandchangesovertime.ōURAunderstandshowwellyouhavesleptandrechargedandhelpsyoutobalanceyourlife,getmorerestfulsleepandperformbetter.OuraringbyJouzenMoodmetric10/9/2024?Finpro15
Thesmallestwearabletechnologyintheworldformeasuringemotions.TheMoodmetricringmeasurestheautonomousnervoussystemsignalsthatcanbeusedtounderstandemotionalreactionsandimprovequalityoflife.TheMoodmetricRinghelpsyoutodevelopandgainemotionalstrengthwithdailyvisibilitytoYourstressfactorsEmotionallevelsthroughoutthedayThenumberofminutesyourmindhasbeencalmTheperiodsofhighemotionalloadPulseOn10/9/2024?Finpro16
OpticalheartratemonitoringFirstbeatTechnologies10/9/2024?Finpro17
Theleadingproviderofphysiologicalanalyticsforsports,fitnessandwellbeing.(Helsinki&Jyv?skyl?)Firstbeatisusedbydozensofhigh-profilesportsteamslike:Basketball:ChicagoBulls,TeamGermanySoccer:TeamSpain,AtleticoMadrid,ValenciaFC,SevillaFC,PSG,ManchesterCity,FulhamIcehockey:BuffaloSabres,SanJose,NYRangers,PittsburghPenguins,VancouverCanucks,ColumbusBlueJackets,TorontoMapleLeafsNumerousotherteamandindividualathletes.FirstbeatTechnologiestechnologyisutilizedinconsumerproductsbySamsung,Garmin,PulseOn,Suunto,Boschandothers.Elektrobit10/9/2024?Finpro18AdidasSmartRun,
developedanddesignedbyElektrobitNavigil10/9/2024?Finpro19
Navigilofferswhitelabel
personalsafetytechnologyand
servicesforTelecare,
andTrackingproviders.IntelligentcallservicesWristwatchwithphoneandGPSTrackingthelocationand
ensuringthesafetyofpeopleMetaWatch10/9/2024?Finpro20
SmartluxurywatchesRunteq10/9/2024?Finpro21
RunteqZoi?isarevolutionaryrunningcoachappwithsmall-sizewearablesensors.Ithelpsyoutofinetuneyourrunningtechnique,runfaster,smarterandpreventinjuryWireless,lightweightZoisensorsmounttothelacesofyourrunningshoeandtothecheststrap.Thisuniqueset-upmakesZoitogathermorecompletebiomechanicsdatathananyotherwearablesolution.Omegawave10/9/2024?Finpro22
AssessreadinessfortrainingPersonalmendationforyouridealtrainingforthedayTrainingtimeandintensitymendationBiisafe10/9/2024?Finpro23
FindyourthingsShareyourlocationorcallforhelpForkidsandparents,groupsoffriends,seniorcitizensormobileworkforcesafetyKorulab10/9/2024?Finpro24SoftwareforwearablesandIOT
BuildwearableandIOTuserexperiencesleveragingourvastlibraryofreadymadewidgets.Wesupportdesignbyprototypingapproachwhereallstagesfromconceptcreationtoreadyproductusethesameplatform.Clothing+10/9/2024?Finpro25
Clothing+isadeveloperandmanufacturerofcomfortablewearablesensorsolutionsforleadingbrandsinthesportsandmedicalsegments.1998world’sfirstheartratesensingshirt2002westartedmass-producingtheworld’sfirsttextileheartratesensorstrapInvolvedinthequantifiedselfmovement,continuingdevelopmentand
manufacturingofdifferentwearablesensorsolutionsMyontec10/9/2024?Finpro26
Mbody–themostcomprehensive&advancedtrainingsystemavailableThecompletedata–thecompleteperformanceCombineMuscleLoadwithheartrate,cadence,speed,distance&otherconventionalperformancedataMbodyLivemobileapp–availableforiOS&AndroidKuopioTactoTek10/9/2024?Finpro27
Injection-MoldedStructuralElectronics?TactoTekmanufactures3Dstructuralelectronicsbyintegratingprintedcircuitryanddiscreteelectroniccomponentsintoinjection-moldedplastics.WithTactoTekkeyaspectsofadevice’sintelligenceandfunctionalitycandisappearintotheplasticsthemselvesandedurablestructuralelectronics.In-moldelectronicsdelivercompellingbenefitsrangingfromdesignfreedomandrapidproductinnovationtodurabilityandmanufacturingscalability.Quha10/9/2024?Finpro28
Wearablecomputeraccesssolutionsforpeoplewithspecialneeds.SelectedeHealthcompaniesinFinland299solutions
IntegratedPositioningandCommunicatingSystem9solutionsbasedinOuluhasdevelopedoneofthesmallestpersontrackingtagsavailableandoffersanIntegratedPositioningandCommunicatingSystem(IPCS)forindoortrackingofpersons(patientsandprofessionals)aswellasequipment.The9SolutionseTagPro
isoneofthesmallestpersontrackingtagsavailable.It'sbuiltonBluetoothLowEnergytechnologyprovidingupto1-2yearsofbatterylifetimewithasinglecoincell.
9Solutions
eTagProhastworemotelyprogrammablebuttons,aLED,wristandclipwearingoption.The9SolutionsID-BadgeLWP,LoneWorkerProtectionTagisasolutionforareal-timelocationtrackingofpeopleespeciallydesignedforloneworkersprovidingmultiplealarmoptionsinhazardousenvironments.IntegratedPositioningandCommunicatingSystem(IPCS)cloudservice-Webuserinterfaceforthe9solutionsReal-TimeLocationSystem-APIsforenhancingthesystem
MendorBloodGlucosemeter,developedanddesignedbyLewelGroupLewelGroupMegaElectronics10/9/2024?Finpro32Multitudeofmuscle,ECGandEEGmeasurementdevicesfordiagnosticsWirelesstechnologyfortelemedicine
iSTOC
ImmediateDiagnosisandAnalysisOulu-basediSTOChasrolledmobiletechnology,machinevision,rapiddiagnosticsandcloudservicesallintoone‘Scan-to-Cloud’solution.Independentoftestandmanufacturer-examplesoftestslinked:RapidSPandQuickVueiSTOChasvalidatedtheircloudservicesapproachsothatitcomplieswithCEandFDAregulations.Inadditionvalidationtocomplywith’ChineseFDA’isongoing.iSTOChasatelemedicineplatform,whichcanserveassteppingstonetowardsthefirstplatformversion.
Atrotech10/9/2024?Finpro34
DesigningandmanufacturingofimplantableneurostimulatorsandelectrodesPhrenicnervestimulationforrestoring”almostnaturalbreathing”inpatientswhowouldotherwisebedependentonamechanicalventilator.Spektikor10/9/2024?Finpro35Spektikoristheworld’ssmallestvisualizingECG-detector–weight40g,sizeoftwobusinesscards.Single-useheartrateidentifier,targetedfor:EmergencysituationsMulti-patientsituationsNoisyenvironmentsDuringtransportofaninjuredpersonMedicalDeviceApprovalDec2012Astart-upfoundedinOuluin2010
ProWellness10/9/2024?Finpro36ClinicalDiseaseManagementSystem(CDMS),providing:DiabetesandArterialdiseaseModuleRespiratoryModuleCardiovascularModuleSelfCareModuleHealthCoachingWeb-basedinformationsystemforthe
follow-upofapatient.Supportsremoteenteringofdatabythe
patient(SelfCare).
GEHealth10/9/2024?Finpro37EstablishedahubforthedevelopmentofmedicaldatatransfertechnologyinVallila,Helsinki.ThetotalsumoftheinvestmentthatwillspanoveraperiodofthreeyearsisEUR28.5million.GEtargetstorecruitfiftysoftwaredeveloperstosupplementitsexpertise.VTT(TechnicalResearchCentreofFinlandLtd)isthekeyresearchpartneroftheprogramme.GEHealthfoundedanInnovationVillageinVallila,Helsinki,in2014.Villageforstart-u
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