#Cryogenic Dilution Refrigerators Market

[globalgrowthinsights]

Gluten Free Food Market 2024: Emerging Trends, Major Driving Factors, Business Growth Opportunities

Gluten Free Food Market provides in-depth analysis of the market state of Gluten Free Food manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Gluten Free Food in these regions till the forecast period

North America

Middle East and Africa

Asia-Pacific

South America

Europe

Key Attentions of Gluten Free Food Market Report:

The report offers a comprehensive and broad perspective on the global Gluten Free Food Market.

The market statistics represented in different Gluten Free Food segments offers complete industry picture.

Market growth drivers, challenges affecting the development of Gluten Free Food are analyzed in detail.

The report will help in the analysis of major competitive market scenario, market dynamics of Gluten Free Food.

Major stakeholders, key companies Gluten Free Food, investment feasibility and new market entrants study is offered.

Development scope of Gluten Free Food in each market segment is covered in this report. The macro and micro-economic factors affecting the Gluten Free Food Market

Advancement is elaborated in this report. The upstream and downstream components of Gluten Free Food and a comprehensive value chain are explained.

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Vein Finder Market: Dissecting the Factors Steering Growth and Potential Risks

Vein Finder Market provides in-depth analysis of the market state of Vein Finder manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Vein Finder in these regions till the forecast period

North America

Middle East and Africa

Asia-Pacific

South America

Europe

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The report offers a comprehensive and broad perspective on the global Vein Finder Market.

The market statistics represented in different Vein Finder segments offers complete industry picture.

Market growth drivers, challenges affecting the development of Vein Finder are analyzed in detail.

The report will help in the analysis of major competitive market scenario, market dynamics of Vein Finder.

Major stakeholders, key companies Vein Finder, investment feasibility and new market entrants study is offered.

Development scope of Vein Finder in each market segment is covered in this report. The macro and micro-economic factors affecting the Vein Finder Market

Advancement is elaborated in this report. The upstream and downstream components of Vein Finder and a comprehensive value chain are explained.

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[chandupalle]

Cold Chain Monitoring Market Trends & Growth Drivers – 2026

The global cold chain monitoring market size is projected to USD 10.2 billion by 2026 from USD 5.3 billion in 2022 at a compound annual growth rate (CAGR) of 16.6% during the forecast period.

It was observed that the growth rate was 11.6% from 2021 to 2022. Software segment is expected to witness higher CAGR of 17.8%.The primary reasons for this rise in demand for cold chain monitoring products in pharmaceuticals & healthcare application.

The market for NIR & SWIR to grow at the highest CAGR Cold chain monitoring market, by verticals, in 2026

Near-infrared light is referred to as light within the wavenumber range of 12,500–4,000 cm (wavelength from 800 to 2,500 nm). The near-infrared (NIR) spectrum typically ranges from 0.7 to 1.0 ìm.

The absorption of near-infrared light is based on the vibration of the material. However, it is much weaker in intensity as compared to the mid-infrared light absorption as it is based on overtones and combined tones in the mid-infrared light region. Therefore, the measurement of samples featuring weak absorption is difficult, but the fact that samples can be measured without being diluted is an advantage.

The market for the cooled cold chain monitorings to grow at the highest CAGR during the forecast period

Cold chain monitorings made using materials such as mercury cadmium telluride (HgCdTe) and indium antimonide (InSb) require mechanical cooling to increase their signal-to-noise ratio to usable levels.

Indium gallium arsenide (InGaAs)-based detectors exhibit sensitivity similar to that of HgCdTe- and InSb-based detectors at room temperature; however, they can be cooled to increase their sensitivity. The cooled cold chain monitorings are usually cooled thermoelectrically or cryogenically. In some cases, liquid nitrogen is also used for the cooling of detectors.

Cooling decreases the temperature of the detector, allowing it to reduce thermally induced noise to a minimal level and improving its performance. However, cooled cold chain monitorings are more expensive than uncooled ones, which restricts their mass adoption. Cooled cold chain monitorings find applications in scientific research, astronomy, security and surveillance, and spectroscopy, among others, where high accuracy is of utmost importance.

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Americas to hold the largest share of Cold chain monitoring market

North America is the largest market for cold chain monitoring in the Americas at present and is likely to exhibit a similar trend during the forecast period.

Increasing demand for chilled and frozen food products in North American countries is likely to trigger the demand for cold chain monitoring solutions in the region. Cold chain monitoring infrastructure includes refrigerated storage and refrigerated transport. The escalating demand for dairy products, vegetables, and fruits is increasing the imports, as well as exports of exotic vegetables and fruits and dairy products, which is also boosting the demand for cold chain monitoring solutions.

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Dilution Refrigerators Market Size, Share, Growth and Analysis

The Global Dilution Refrigerators Market report presents insightful data for clients improving their simple management skills identifying with the global market along with market dynamics, segmentation, competition and local growth. The report describes the market size, market characteristics and market growth for the Dilution Refrigerators industry categorized by type, application and consumption sector.

It provides a comprehensive analysis of the aspects related to the pre and post covid market development 19 pandemic.

Prominent Players Covered in the Global Dilution Refrigerators Market Are:

Bluefors Oy

Oxford Instruments NanoScience

Leiden Cryogenics BV

Air Liquide(Cryoconcept)

JanisULT

Taiyo Nippon Sanso

ULVAC CRYOGENICS INC

Quantum Design

ICEoxford

Dilution Refrigerators Market -Regional Analysis:

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of the Dilution Refrigerators market in these regions, down to the forecast coverage.

North America (United States, Canada, and Mexico)

Europe (Germany, United Kingdom, France, Italy, Russia, and Turkey, etc.)

Asia Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil, Argentina, Colombia, etc.)

Some of the key questions answered in this report:

What is global? Sales Value, Production Value, Consumption Value, Import and Export of the Dilution Refrigerators Market?

What application/end user or product type can look for incremental growth prospects?

What are the different sales, Marketing and sales channels in the global industry?

What are the key market trends influencing the growth of the Dilution Refrigerators market?

Economic impact on the Dilution Refrigerators market industry and trend development of the Dilution Refrigerators market industry.

What are the market opportunities, market risk and market overview of the Dilution Refrigerators market?

What are the key drivers, restraints, opportunities and challenges of the Dilution Refrigerators market and how are they expected to be affect the market?

How big is the market for Dilution Refrigerators at regional and country level?

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[sheryldias]

The global cryogen free dilution refrigerators market was valued at USD 112.1 Million in 2019 and is projected to reach USD 211.4 Million by 2027, expanding at a CAGR of 9.1% during the forecast period. 

[topmarketreportnews]

Cryogen Free Dilution Refrigerators Market - Global Industry Outlook Research Report 2021-2026 Added By DecisionDatabases

The global Cryogen Free Dilution Refrigerators Market report offers a comprehensive assessment of the market for the forecast years. The report contains several segments and an analysis of the market trends and growth factors that are playing a vital role in the market. These factors encompass the drivers, restraints, and opportunities. This globe industry offers an outlook on the strategic development of the market in terms of revenue profits over the forecast period 2021-2026.

The key market players for the global Cryogen Free Dilution Refrigerators market are listed below:

Bluefors Oy

Oxford Instruments NanoScience

Leiden Cryogenics BV

Janis Research Company

Cryomagnetics

Taiyo Nippon Sanso

Ulvac Cryogenics

Others

Click here to get a FREE Sample Copy of the Cryogen Free Dilution Refrigerators Market Research Report @ https://www.decisiondatabases.com/contact/download-sample-23927

The Global Cryogen Free Dilution Refrigerators Market Report is equipped with market data from 2016 to 2026. The report gives a market overview covering key drivers and risk factors. The report is bifurcated by top global manufactures mentioning sales, revenue, and prices as applicable. It also evaluates the competitive scenario of the leading players. The report expands to cover regional market data along with type and application. The report forecasts sales and revenue from 2021 to 2026. The detailed sales channel is also covered in the study.

COVID-19 Impact Analysis on Cryogen Free Dilution Refrigerators Market

The global pandemic COVID-19 has affected the Cryogen Free Dilution Refrigerators market directly or indirectly. This study covers a separate section giving an explicitly clear understanding of the aftereffects of this pandemic. The detailed study highlights the probable outcomes of this global crisis on the Cryogen Free Dilution Refrigerators industry. The impact study on production, supply-demand, and sales provides a holistic approach to the future.

Do You Have Any Query Or Report Customization? Ask Our Market Expert @ https://www.decisiondatabases.com/contact/ask-questions-23927

Why Purchase this Report?

A robust research methodology has been followed to collect data for the report. Data, thus collected passes through multiple quality checks to ensure the best quality is served.

The report gives a holistic view of the competitive scenario of the Cryogen Free Dilution Refrigerators market

The latest product launches along with technological changes and development are covered in the report.

The data analysis in the report helps in understanding the anticipated Cryogen Free Dilution Refrigerators market dynamics from 2021 to 2026.

DecisionDatabases has a vast repository of data, therefore, we can accommodate customized requirements also.

The graphs, tables and pie charts, and info-graphics covered in the report will help in a better understanding of the report.

The market drivers, restraints, upcoming opportunities, and anticipated restraints cited in the report will assist in making an informed decision.

To better understand the market scenario, the Cryogen Free Dilution Refrigerators market is segmented as below:

By Types:

Base Temperature≤10mK

Base Temperature Between 10-20mK

Base Temperature≥20mK

By Applications:

Quantum Computing

Nano Research

Low-Temperature Detection

Others

By Regions:

North America (U.S., Canada, Mexico)

Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe)

Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)

Latin America (Brazil, Rest of L.A.)

The Middle East and Africa (Turkey, GCC, Rest of Middle East)

The content of the study subjects includes a total of 14 chapters:

Chapter 1: To describe Cryogen Free Dilution Refrigerators product scope, market overview, market opportunities, market driving force, and market risks. Chapter 2: To profile the top manufacturers of Cryogen Free Dilution Refrigerators, with price, sales, revenue, and global market share of Cryogen Free Dilution Refrigerators in 2018 and 2019. Chapter 3: The Cryogen Free Dilution Refrigerators competitive situation, sales, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast. Chapter 4: The Cryogen Free Dilution Refrigerators breakdown data are shown at the regional level, to show the sales, revenue, and growth by region, from 2015 to 2020. Chapter 5 and 6: To segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020. Chapter 7, 8, 9, 10 & 11: To break the sales data at the country level, with sales, revenue, and market share for key countries in the world, from 2016 to 2021 and Cryogen Free Dilution Refrigerators market forecast, by regions, type, and application, with sales and revenue, from 2021 to 2026. Chapter 12, 13 & 14: To describe Cryogen Free Dilution Refrigerators sales channel, distributors, customers, research findings and conclusion, appendix, and data source.

Directly Purchase the Complete Global Cryogen Free Dilution Refrigerators Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-23927

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[growthmarketinsights]

The global cryogen free dilution refrigerators market was valued at USD 112.1 Million in 2019 and is projected to reach USD 211.4 Million by 2027, expanding at a CAGR of 9.1% during the forecast period. In terms of volume global cryogen free dilution refrigerators market is expected to expand at CAGR of 8.1% during the forecasted period.

[sweetyiarc]

GLOBAL CRYOGEN FREE DILUTION REFRIGERATORS MARKET SIZE FORECAST TO REACH $210 MILLION BY 2026

The Global Cryogen Free Dilution Refrigerators Market size is forecast to reach $210 million by 2026, growing at a CAGR of 9.2% from 2021 to 2026. Cryogen-free dilution refrigerators use Helium-3 and Helium-4 isotopes for excessive, continuous cooling need. Cryogen-free dilution refrigerators (DR) are quickly becoming the dominant technique for reaching millikelvin temperatures because they avoid the requirement for on-site helium liquefaction and are easier to use than traditional dilution units. A 2-stage pulse tube cooler capable of reaching temperatures about 3 K at its cold end replaces the pre-cooling typically supplied by a liquid helium bath and a 1 K pot. These refrigerators are used to cool critical computer components such as computer chips, photonics, spintronics, and other condensed matter. These are also useful in areas including quantum computing and nuclear research, where product cooling is critical. The employment in areas such as space and innovation, among others, are significant growth drivers for the cryogen free dilution refrigerators market. The constant need for a substance, commodity or invention to supplement cooling of objects at a specific desired level, efficient storage facility for liquid nitrogen, and liquid helium in interstellar operations and failure of cooling powder as a cooling agent in advanced operations are the prominent factors driving the cryogen free dilution refrigerators market and stroking it with abundant demand.

Cryogen Free Dilution Refrigerators Market Segment Analysis – By Base Temperature

The base temperature less than 10 mK is held the highest market share in 2020 of around 42%. Refrigerators with a base temperature of less than 10 mK are employed as a particle and intraparticle in physics in astrophysics because they require extreme sensitivity and resolution to detect minute energy depositions. Various temperatures are required in different experiments in astrophysics millikelvin in the hunt for dark matter, detection of low-energy neutrons, X-ray astronomy, and spectrometry. Moreover, astroparticle bolometric detector often depends on the use of the dilution refrigerators for providing a large cooling power at millikelvin temperatures. In October 2020, Oxford Instruments released world’s coldest cryofree dilution refrigerator, enabling the next generation of Qubits. The Proteox5mK makes use of Oxford Instruments’ most powerful dilution unit and active gas gap heat switches to reach base temperatures of less than 5 mK, the lowest continuous base temperature possible in any dilution refrigerator. Low temperatures are required to show tiny quantum effects that are obscured by thermal noise. The lower a material’s temperature, the more underlying quantum characteristics can be resolved, and the more researchers can learn about these new materials. Using the Fractional Quantum Hall Effect, researchers may characterize unusual quantum states like Majorana Fermions and Fibonacci Particles by combining low electron temperatures with strong magnetic fields. All such factors together leverages a positive impact on the market growth.

Cryogen Free Dilution Refrigerators market Segment Analysis – By Application Type

Nano research segment held the highest market share in 2020 with CAGR 24% during the forecast period 2021-2026. Nano research is a field of science that aids in the revolutionization and improvement of a variety of businesses and technological sectors, including environmental science, food safety, transportation, medical, homeland security, and information technology. It is one of the most rapidly developing disciplines of research, with the potential to revolutionize a variety of sectors. Nanotechnology offers a variety of techniques for monitoring individual cells at the molecular level in medical science. Additionally, The National Nanotechnology Initiative (NNI), the U.S. Government R&D initiative, received more than requested funds from the government in 2017 and 2018, accounting for $1.4 billion in 2018, and $1.2 billion in 2017. Federal organizations with the largest share of investments are the Department of Health and Human Science (HHS), the National Science Foundation (NSF), the Department of Energy (DOE), the Department of Defense (DOD) and the Department of Commerce (DOC). For 2019, NNI provided an expenditure plan, which involved awarding 39% for foundational research, 28% for developing applications and devices, and 16% for infrastructure and instrumentation. Such funding and investments in years ahead is anticipated to boost the market growth during the forecast period.

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Cryogen Free Dilution Refrigerators market Segment Analysis – Geography

North America held the highest market share in 2020 of around 35%. The growing usage of Cryogen Free Dilution Refrigerators in different sectors of technology is driving market expansion in this area. The market’s expansion is aided by the presence of key market players as well as increasing research and development expenditure. When compared to other competitors in the market, Oxford Instruments, headquartered in the United Kingdom, owned the largest share of the global cryogen free dilution refrigerators market in 2020. This, in turn, is driving the growth of the market and encouraging technological development in this region. In September 2020, Rigetti UK announced that it lead a £10 million consortium to accelerate the commercialisation of quantum computing in the UK. The three-year programme will build and operate the first quantum computer in the UK, make it available to partners and customers over the cloud, and pursue practical applications in machine learning, materials simulation, and finance. Such investments in quantum computing leads to rise in application of Cryogen Free Dilution Refrigerators which in turn positively impact the market growth. The market in APAC is estimated to expand at a significant rate during the forecast period, as countries such as China, Japan, South Korea and others are investing in research & development to produce innovative products at low cost rather than importing or buying the technology.

Cryogen Free Dilution Refrigerators Market Drivers

Rising application for Quantum Computing is expected to drive the Cryogen Free Dilution Refrigerators market

Quantum computing is a branch of technology that focuses on the development of computer technology based on quantum theory’s principles. It describes how materials and energy behave at the subatomic and atomic levels. Cryogen-free dilution coolers are used in quantum-optical investigations for the study of luminescence centres in silicon and to chill processors that are necessary for quantum computing. In the realm of quantum computing, demand for cryogen-free dilution refrigerators is projected to rise as they can provide cooling for experiments where the dilution refrigerators’ cooling power is insufficient to cool cables and amplifiers. As a result, throughout the projected timeframe 2021-2026, demand for cryogen-free dilution refrigerators is expected to grow considerably.

High cooling power can be obtained even in low temperature region

The only technology that produces temperatures between 0.3 K and 0.005 K for indefinite working durations is helium-3,4 cryogen free dilution refrigeration, which is essential for low temperature research and engineering. Traditional cryostats with liquid helium precooling are set to be replaced with cryogen-free dilution refrigerators. A two-stage pulse tube cryocooler is always used to precool the dilution circuit. As a result, the experimentalist has refrigeration capabilities at the temperatures of the two stages of the pulse tube cooler, as well as three dilution circuit temperatures (0.7 K – still, 0.1 K – heat exchanger, and 0.01 K – mixing chamber). Consequently, availability of high cooling power even at low temperature aids to the up liftment of the market growth.

Cryogen Free Dilution Refrigerators Market Challenges

Higher vibration and pressure than conventional dilution is expected to hinder the Cryogen Free Dilution Refrigerators market growth

Modern dilution refrigerators can use a cryocooler instead of liquid nitrogen, liquid helium, and a 1 K bath to precool the 3He. Dry cryostats do not require an external source of cryogenic fluid and may be highly automated. Dry cryostats, on the other hand, have significant energy needs and vulnerable to mechanical vibrations, such as those produced by pulse tube freezers. The pulse tube refrigerator in the integrated cryogen-free dilution refrigerator transmits micro vibrations to the dilution refrigerator main unit. The pulse tube refrigerator’s micro vibrations have a considerable impact on the temperature of the mixing chambers at the temperature of the integrated cryogen-free dilution refrigerator. This affects the performance of the dilution refrigerators which turn restrains the market growth.

Cryogen Free Dilution Refrigerators Market Landscape

Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Cryogen Free Dilution Refrigerators market. As of 2020, the market for Cryogen Free Dilution Refrigerators market is consolidated with the top players including Oxford Instruments, BlueFors, Janis Research, Cryomagnetics, Hall Scientific, ICE Oxford, Cryoconcept, Leiden Cryogenics, and Quantum Design and among others.

Acquisitions/Technology Launches/Partnerships

In March 2021, Oxford Instruments NanoScience announced the launch of its latest innovation in Cryofree dilution refrigerator technology for quantum computing scale-up, the ProteoxLX, as well as a new quantum computing customer collaboration in Asia.

In August 2020, Lake Shore Cryotronics, a leading innovator in solutions for precise, highly accurate measurement under variable temperature and magnetic field conditions, announced the acquisition of Janis Research’s Laboratory Cryogenics business — a move that unites two of the world’s leading providers of cryogenic and material characterization solutions for low-temperature research.

Key Takeaways

The base temperature less than 10 mK segment is projected to account for the bulk of the market in 2020 due to its ability to swiftly shift samples of the material without requiring additional days for temperature change.

The quantum computing industry is estimated to grow at a rapid rate throughout the forecast period, as they are utilized to cool quantum computing processors and in quantum-optical research for the study of luminescence centres in silicon.

APAC region is anticipated to dominate the global Cryogen Free Dilution Refrigerators market in the forecast period 2020-2025 owing to rising industrialization, economic development and others. The manufacturers in this region are strengthening indigenous R&D efforts for technological advancements.

Relevant Report Titles:

A. Refrigerated Display Cabinets Market

https://www.industryarc.com/Report/15808/refrigerated-display-cabinets-market.html

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[daronheralqet42]

XMA Corporation OmniSpectra® to Stock Cryogenic Connectivity Products from Intelliconnect / CryoCoax

XMA Corporation OmniSpectra® to Stock Cryogenic Connectivity Products from Intelliconnect / CryoCoax CryoCoax, a leader in the manufacture of cryogenic cable assemblies announced that XMA Corporation-OmniSpectra® has been appointed as a franchise stocking distributor focused on its cryogenic connectivity products, standard attenuators and high frequency microwave components.

This exciting new development complements the existing product range of RF, microwave and cryogenic connections and enhances the ability to provide a one-stop shop to the market.

XMA Corporation-OmniSpectra® is a market leader in microwave components in the field of cryogenic and general microwave components and has been a partner of Intelliconnect / CryoCoax for several years. XMA provides the highest quality products to meet the rigorous specifications required in quantum computing, military, aerospace, space, testing, measurement, medical, and commercial markets.

Steve Groves, Global Sales Director, Intelliconnect / CryoCoax, said that being able to sell a wide range of high-quality RF solutions from inventory allows them to do great things together.

CryoCoax is a UK/US based division of Intelliconnect dedicated to addressing RF interconnect needs in the global cryogenic market. Intelliconnect – CryoCoax has been in quantum computing, research, testing and measurement, space and medical applications over the last 6 years, based on a business model of innovative design, superior manufacturing, unmatched customer service and technology-driven partnerships. It has achieved significant and continuous growth.

CryoCoax cryogenic cables and components operate at 2K (-271.15 ° C) and are used in cryogenic systems such as quantum computing and research, testing and measurement, instrumentation, medical and material research, dilution refrigerators, and superconducting magnets.

[endenogatai]

Helsinki rides the Slush wave toward a booming startup future

In September 2020, Helsinki’s City Council approved plans for an expansion of the existing “Maria 01 Campus,” a former downtown hospital complex. Even before it starts spreading its acreage, the facility is already home to 120 startups and 12 venture capital funds. The campus is owned by the biggest startup conference in the Nordics, Slush, the City of Helsinki and Helsinki Enterprise Agency and is slated to become one of the largest, if not — possibly — the largest tech startup campus in Europe, at 70,000 square meters (or 75,3473 square feet) by 2023.

The scale of the project speaks to the confidence and ambition of the Helsinki startup ecosystem, which has grown immeasurably over the last 10-15 years.

The fact that Slush, a conference, is involved is no accident. The event is a nonprofit created by the university. This has enabled it to scale to one of Europe’s largest tech events (pre-COVID) at over 20,000 attendees. Its success has also led to traditionally conservative Finns embracing entrepreneurship. The entire city gets involved, and thousands of university students volunteer for the good of the city and the ecosystem. The collegiate nature of the Slush experience has reflected how Helsinki has grabbed the opportunities of tech with both hands.

Born of Aalto University and its student society for entrepreneurship, AaltoES, Slush originally started as a tech meetup. Indeed, I went to some of the first ones. But with the 2010’s success of local startup Rovio, creator of Angry Birds, as well as Supercell, creator of Clash of Clans, the event took off. It helped that Peter Vesterbacka (previously a pioneer at HP Bazaar Labs) was a tireless promoter of Slush and egged it on from being a meetup into a full-blown conference that could attract the biggest names in tech.

Slush’s ability to attract VCs to a Northern European country in the middle of winter was impressive. The city rolled out the red carpet. That meant inbound VC exploded. According to the Finnish Venture Capital Association (FVCA), VC investment into Finland grew almost five times to €188 million between 2014 and 2018. Finland is now a European leader in terms of venture capital (says the FVCA) as a percentage of GDP, and foreign VC investments grew by 58% between 2017-18.

VC has grown leaps and bounds in the city itself. Crunchbase lists 54 venture funds of various guises in Helsinki. They include Conor Venture Partners, Inventure, VNT Management, Icebreaker.vc, Superhero Capital, Evli Growth Partners, OpenOcean, Loudspring, Norsepower Oy, Tesi, NordicNinja VC and Maki.vc.

Slush has even seen ex-employees go on to found big startups. Food delivery startup Wolt, co-founded by Miki Kuusi an early CEO of Slush, has raised $160 million. Other big startup companies from Helsinki’s ecosystem include Smartly, Singa, Giosg, ZenRobotics and Blok. And let’s not forget it produced MySQL and CRF Health back in the day. In 2018, Small Giant Games, was acquired by Zynga in a deal worth up to $700 million.

Startup Genome marks out Helsinki as one of the top global ecosystems. For 2020, it valued the Helsinki startup ecosystem at $5.8 billion, with total early-stage funding of $511 million, higher than the global average for emerging ecosystems.

Helsinki has around 250 gaming enterprises and 30 of them exceed $1 million in annual sales. In 2017 Finland was the first EU country to publish a national AI strategy and the University of Helsinki created a free AI education program that saw approximately 90,000 people from 80 different countries enroll in the first four months.

Over the whole country, nearly 300,000 Finns work in tech, an enormous amount when you consider the population of Helsinki is 1.3 million.

According to analysts Tracxn top startups include:

Canatu (transparent conductive films and touch sensors using carbon nanomaterial): Raised $74 million.

Kiosked (smart native advertising technology): Raised $64 million.

ICEYE (developer of SAR microsatellite for earth observation applications): Raised $152 million.

Varjo (provider of head-mounted display with resolution matching a human eye): Raised $100 million.

To learn more about Finland’s startup ecosystem, we spoke to these investors:

Pirkka Palomaki, partner, Maki.vc

Jyri Engestrom, founder, Yes VC

Sakari Pihlava, partner, Vendep Capital

Pontus Stråhlman, partner, Voima Ventures

Timo Ahopelto, partner, Lifeline Ventures

Petri Lehmuskoski, partner, Gorilla Capital

Pirkka Palomaki, partner, Maki.vc

What trends are you most excited about investing in, generally? We are a generalist but are keen on deep tech and brand-driven companies both in B2C and B2B. We have been tracking closely new materials-based innovations, as well as breakthrough innovations in quantum computing. Breakthroughs happen also elsewhere and [we] have invested in B2B SaaS as well as one cloud-native massive multiplayer game company.

What’s your latest, most exciting investment? One the latest investments is in a Swedish company called Carbon Cloud. They make it easy to discover your climate footprint and show it to the world — they can be found, for example, on the side of Oatly’s packaging. Carbon dioxide impact of consumer goods should be as visible as the nutrition values in food.

Are there startups that you wish you would see in the industry but don’t? What are some overlooked opportunities right now? Femtech. There’s still quite little competition, but tremendous amount of work to do. Our team is keen to see more solutions on reproductive health, but also going beyond to solutions e.g., in syncing female’s personal cycle with optimal nutrition or training.

What are you looking for in your next investment, in general? The team is always in the center and we are looking for entrepreneurs that are rewriting the future in global markets.

Which areas are either oversaturated or would be too hard to compete in at this point for a new startup? What other types of products/services are you wary or concerned about? Free-to-play games is a tough and competitive market. There will likely be new winners, but also even greater number of companies that don’t make it compared to many other industries.

How much are you focused on investing in your local ecosystem versus other startup hubs (or everywhere) in general? More than 50%? Less? We have a global mandate, but the Nordics is our home and where we have done most of our investments.

Which industries in your city and region seem well-positioned to thrive, or not, long term? What are companies you are excited about (your portfolio or not), which founders? There are several, but the first on the top of mind is sustainability and new materials. Spinnova is a great example providing the textile industry with the most sustainable fibre in the world, produced with minimal harm to the environment, at a reasonable cost. With the stretch and strength qualities of cotton and the insulation of lamb’s wool, it can suit apparel, footwear, accessories, [and] home textiles to name a few applications. I’m also looking forward to seeing a great ecosystem and several startups being built around quantum computing. There are already a number of promising quantum technology companies, such as the Finnish IQM that builds world-class quantum computers and Bluefors that specialize in cryogen-free dilution refrigerator systems for quantum computing.

How should investors in other cities think about the overall investment climate and opportunities in your city? There is strong supporting ecosystem in Finland for startups, strong engineering history and great culture of getting things done.

Do you expect to see a surge in more founders coming from geographies outside major cities in the years to come, with startup hubs losing people due to the pandemic and lingering concerns, plus the attraction of remote work? The beauty of the startup ecosystem is that is built on innovation. We will most likely see more distributed organizations in the future, but I believe the major hubs will maintain their attractiveness in the future as well.

Which industry segments that you invest in look weaker or more exposed to potential shifts in consumer and business behavior because of COVID-19? What are the opportunities startups may be able to tap into during these unprecedented times? Travel and hospitality has naturally taken a big hit. It will take time for the industry to fully recover and I would expect innovations in the domain in the future, whether it is in virtual travel or creating confidence in worry-free travel in the future.

How has COVID-19 impacted your investment strategy? What are the biggest worries of the founders in your portfolio? What is your advice to startups in your portfolio right now? Extending the runway has been a general rule for many and making the company stronger and more competitive when things start picking up again.

Are you seeing “green shoots” regarding revenue growth, retention or other momentum in your portfolio as they adapt to the pandemic? Customer support agents have been strained during the pandemic. Our portfolio company Ultimate.ai has been well-positioned to scale the customer support with their virtual agents while maintaining or even improving customer experience. I’ve been super happy to see them grow and expand rapidly.

What is a moment that has given you hope in the last month or so? This can be professional, personal or a mix of the two.

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