European Tech Tour Names Nordic's Most Promising High Growth Technology Companies; Selected Companies Stand to Benefit From $10 Billion in Investment Capital

Jun 15, 2010, 09:13 ET from European Tech Tour

HELSINKI, TALLINN, Estonia and STOCKHOLM, June 15, 2010 /PRNewswire/ -- The European Tech Tour today announced the 30 selected companies of the Nordic Tech Tour 2010. The finalists represent the region's most promising, high-growth, early- and expansion-stage technology companies.

The 30 companies - all of them based or incubated in Denmark, Sweden, Finland, Norway, Iceland and Baltic countries - were chosen from a pool of over 500 companies. The selection was based on detailed reviews by the Nordic Tech Tour's Selection Committee in a four month process, comprising of 30 senior global venture capital and technology industry leaders.

The distribution of the selected companies is roughly 50-50 start-up and expansion stage companies, also indicating the main growth areas of software, media & internet and cleantech in technology segments. The reviews assessed the uniqueness of their technology, strength of their business model, market size and growth with go to market strategy, the quality of management team and international development potential.

"We were impressed by the amount of high quality innovations and companies identified in the Nordic's and Baltic's," said Jarkko Virtanen, president of the Nordic Tech Tour 2010. "The 30 selected finalists all represent their technology segment's innovation leadership locally with great potential to expand and grow internationally. This will have an effect on Europe's broader recovery in the high tech segment with innovation leadership, since 25% of Europe's high tech companies are located in the area."

And the selected companies are...

The Nordic Tech Tour 2010 finalists span several technology sectors, including new materials, semiconductors, nanotechnology, electrical devices, telecommunications & mobility, enterprise software, internet & media, IT system software, medical devices & IT and cleantech.

    This is who they are and where they are from:

    Company          Location      Company             Location

    2cureX           Denmark       PlusFourSix AB      Sweden
    Technologies Oy  Finland       QuestBack           Norway
    Beneq Oy         Finland       Regio (Reach-U)     Estonia
    Canatu           Finland       Renewa Oy           Finland
    Cint AB          Sweden        Replisaurus         Sweden
    ClimateWell AB   Sweden        Senseg              Finland
    Confidex Ltd     Finland       Shark Solutions A/S Denmark
    Eniram Ltd       Finland       SmartOptics AS      Norway
                                   Sulake Corporation
    Fortumo OÜ       Estonia       Oy                  Finland
    IT2 Treasury
    Solutions        Denmark       Supponor            Finland
    Junglemap AS     Norway        TaxiPal             Estonia
    Mendor           Finland       There Corporation   Finland
    Microtask Ltd    Finland       Tobii Technology    Sweden
    Nanoradio AB     Sweden        Zeropex             Norway
    PhotoSolar A/S   Denmark       ZeroTurnaround OÜ   Estonia

Nordic Tech Tour in three capitals

The Nordic Tech Tour 2010 is being held in Helsinki on June 15 and 16, followed by an evening event in Tallinn and the final day to be held on June 17 in Stockholm. During that time selected companies will have twenty minutes to present their business plans to 70 international delegates consisting of senior partners, vice presidents and CEOs from the global venture capital and technology industry, as well as advisors and academics. They will benefit from networking opportunities, local and international media exposure and opportunities to secure funding. There is over EUR10 billion worth of investment capital present at the Tour.

About the European Tech Tour

The European Tech Tour Association (ETT) was founded in Geneva in 1998 in response to the growing interest in emerging technology companies in various European regions. ETT is an independent, not-for-profit organisation composed of key contributors to the high technology industry. The Association recognises that continued prosperity in Europe lies in its ability to transform today's innovative projects into tomorrow's global technology leaders.

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Thanks to the Tech Tour sponsors for their generous support.

SOURCE European Tech Tour