The university supports start-up companies and is considering an anchor investment in North Karelia Growth Fund II.
The University of Eastern Finland aims to promote the commercialisation of innovations and regional start-up activity by investing in funds designed to create growth opportunities for start-up companies in the North Savo and North Karelia regions.
Among other initiatives, the university is considering an anchor investment of 1 million euros in the regional investment fund North Karelia Growth Fund II, which is designed to support start-ups operating in the North Karelia region. The fund is managed by the venture capital firm Redstone.
The university’s investment strategy has been updated and now includes the development of regional innovation activities and start-up ecosystems as one of its objectives. By investing in private equity funds, the university seeks to promote the commercialisation initiatives of academic start-ups, particularly in Eastern Finland.
“These investments support the university’s responsibility goals, especially through social and regional impact. Funds in which the university invests are required to actively contribute to the development of regional innovation activities,” says Chief Financial Officer Heini Koskenvuori.
