Tekes Groove Investor Meeting Helsinki

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1 Tekes Groove Investor Meeting Helsinki Radisson Blu Seaside Hotel, Ruoholahdenranta 3, Helsinki Programme: 09:00 Coffee and snacks 09:30 Welcome words 09:40 Tekes Programmes, Pia Salokoski, Tekes Groove Programme Manager 09:50 Tekes Venture Capital Ltd, Petri Serenius, Investment Manager 10:00 First North Market a proven platform for Nordic success stories, Lauri Rosendahl, President of Nasdaq OMX Helsinki 10:25 The Nordic investor markets for the Cleantech sector, Magnus Agerström, Cleantech Scandinavia 10:50 Finnish Business Angel Network (FIBAN) and Angel Investing in Finland, Ari Hyppönen, Board Member 11:10 Lunch buffet 12:00- Company Pitching 1-to-1 pitching & discussion: maximum 20 min / session + 5 min transfer time Coffee & networking in between sessions Questions? Please contact Groove-programme coordinator Leena-Kaisa Piekkari, leenakaisa.piekkari@poyry.com, Mobile:

2 Investors: Tarja Teppo, Cleantech Invest Tarja Teppo (MSc in Engineering, PhD in Tech) is the co-founder of Cleantech Invest, a Nordic investment company founded in Cleantech Invest (CTI) currently has 13 cleantech companies in its portfolio. Jarkko Penttilä, Conor Venture Partners Conor invests in early stage technology companies with the potential and drive to become global winners in their industry categories. We look for early stage businesses with protectable core technology and global ambition. Our investments are typically within ICT, electronics, embedded systems, and new materials & optics. Tuomas Suurpää, Finnfund Finnfund is a Finnish development finance company that provides long-term risk capital for private companies in developing countries and Russia. Apart from coinvesting with Finnish companies we can finance ventures that use Finnish technology, cooperate with Finnish partners on a long-term basis or generate major environmental or social benefits. Our funding can be in the form of equity capital, mezzanine financing or longterm investment loans. Regardless of the form of financing, we always participate with a minority stake. Our investment size is 1-10 milj. EUR.

3 Janne Juhola, Finnvera Finnvera is a specialised financing company owned by the State of Finland. It provides its clients with loans, guarantees, venture capital investments and export credit guarantees. Finnvera's Venture Capital Investments serve as the hub for public early-stage venture capital investments. Sami Lampinen, Inventure We at Inventure focus on venture capital. We identify, work with, and create value in highly innovative high-tech companies in Finland and Scandinavia. We develop start-ups based on breakthrough inventions into globally successful companies, such as Rightware, Canatu, Beneq, Conmio, Valon Lasers and Merus Power. We are based in Helsinki and Shanghai. Jukka Aaltonen, Sitra Sitra invests in businesses that promote health and well-being, solve social problems in society, improve material and energy efficiency, speed up the smart use of natural resources, promote an ecological way of life. Investments typically are in the range of 300,000 1 million euros and Sitra aims at a minority ownership of 10-30% in the first financing round. In addition to good financial returns, Sitra looks for skilled management and competitive technology, products or services. Sitra always seeks other investors to co-invest in each company. Juha Lehtola, Suomen Teollisuussijoitus Oy Juha Lehtola is Investment Director at Finnish Industry Investment s direct VC investment team. Finnish Industry Investment invests in the growth and internationalisation of Finnish businesses. We provide promising companies with capital, expertise and networks for growing in international markets. Our investment focus is on companies in the growth and internationalisation stages. We invest in the most promising companies that have potential to generate value.

4 Our investments are part of a financing package, put together with, and on the same terms as private investors. Typical co-investors are private venture capitalists and institutional investors. In every case, we are minority shareholders, and our share of the total investment round cannot exceed 50%. We make investments through different financial instruments such as equity, subordinated loans, convertible bonds or mezzanine financing. Our initial investment size varies between 0,5 million to 10 million euros. We invest on market terms, seeking a return on all our investments. We are a long-term, active owner. We participate in business development alongside our private co-investors, mainly via board activities. When necessary, we can also participate in further financing rounds. We aim to exit the investment with other owners in an agreed time span. Tero Luoma, Taaleritehdas Private Equity Funds Tero Luoma works as an Investment Director at Taaleritehdas Private Equity Funds. Taaleritehdas Private Equity Funds is an opportunistic private equity investor with current investment capacity circa EUR 600 million. We have a special interest in cleantech and renewable energy. With our Wind Power Funds, we are one of the biggest wind power investors in Finland. Our Biotehdas builds a country-wide net of biogas plants in Finland and Watrec Oy, a biogas technology company, is strongly going global. We focus on later stage companies and projects with proven concept, not on start-ups or VC. A combination of a technology company with references and a portfolio of projects is ideal for us. Anssi Vanjoki Anssi Vanjoki is professor in Lappeenranta University of Technology, chairman and board member of several publicly listed companies. Anssi is also chairman and board member of some privately held companies and anchor investor and chairman of a number of technology start up companies. Anssi has mostly invested in sports and wellbeing related technology companies and some energy and clean tech start ups. For over 30 years Anssi held high profile operative executive positions in Nokia and 3M corporation. Today he is Individual Multicontributor with several areas of interests with digitalization as the common denominator.

5 Jarmo Saaranen, VNT Management VNT is one of the first VC companies in Europe focusing on clean technologies in particular renewable energies, distributed power generation, and energy saving technologies. VNT mainly invests into technology orientated start-ups and growth companies in Europe. Speakers: Petri Serenius, Tekes Venture Capital Petri Serenius is an Investment Manager at Tekes Venture Capital Ltd. Prior to Tekes Venture Capital, Petri has over seven years experience on financing Cleantech companies s R&D projects at Tekes. He has also worked for GE, PricewaterhouseCoopers and Basware Plc. Tekes Venture Capital is the Finnish Government s entity responsible for the design, implementation and management of risk finance measures to support innovative small and medium size enterprises in Finland. Tekes Venture Capital was established in December 2013 and during the second half of 2014 it will start its investment scheme to Finnish early stage venture funds. Lauri Rosendahl, Nasdaq OMX Helsinki Lauri Rosendahl is President for NASDAQ OMX Helsinki Oy (the Helsinki Stock Exchange) and Senior Vice President for Nordic Equities within NASDAQ OMX Transaction Services Nordic. In this role, he is responsible for equity and derivative trading and products at NASDAQ OMX Group in the Nordic Region - Sweden, Denmark and Finland. Lauri Rosendahl has over 20 years of experience in the financial markets, having held several senior management positions within securities trading and equity research with several investments banks including Deutsche Bank, ABN Amro / Alfred Berg, Carnegie and Kaupthing.

6 Magnus Agerström, Cleantech Scandinavia Magnus Agerström is Managing Director of Cleantech Scandinavia, which he co-founded in With more than 70 investors and industry companies from around the world in a membership network, Cleantech Scandinavia has become one of the most influential actors in the Nordic cleantech space. Before he co-founded Cleantech Scandinavia he co-founded sustainability consultant/software company, Natlikan Sustainability AB, where he was Managing Director for many years and from which he made a successful exit in Magnus holds a bachelor of Business Administration and has a passion for Environmental Economics. He is convinced that the way we use our economic system will have to be reformed in order for us to solve the big sustainability challenges ahead. Ari Hyppönen, FIBAN Ari is a cleantech business angel with a portfolio of ten companies. His investments targets are startups that find new ways to use technology to let consumers and businesses save money and resources by reusing, recycling and becoming more energy efficient. Ari was with F-Secure Corporation for 20 years as a member of the board and CTO. FiBAN is a Finnish, national, non-profit association of private investors that aims to improve the possibilities for private persons to invest in unlisted potential growth companies. The association s work is based on the activity by private investors and cooperates with networks supporting high-growth goals. FiBAN acts as a link between growth companies and investors by providing companies with direct visibility to investors and aims to facilitate investment rounds in general. FiBAN runs a continuous process where startup companies are evaluated and coached. To join the flow and get a chance to present your pitch to FiBAN's more than 350 members, go to

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