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Valmet Automotive Oyj is transferring from Tesi to direct state ownership as part of a broader corporate and financial arrangement. Simultaneously, Valmet Automotive's subsidiary Ioncor Oy, which focuses on battery business, will become a subsidiary of Finnish Minerals Group Oy, which is wholly owned by the state and develops the battery value chain.
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The Finnish game industry employed 4,300 people at the end of 2024, with a turnover of €2.85 billion. The industry faces a shortage of skilled workers and is innovating in areas like AI and alternative distribution channels.
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The Finnish state is increasing its stake in Valmet Automotive, signaling a strategic move to support not only the automotive sector but also the defense industry.
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Journalia, a Norwegian healthtech startup, secured $1 million in funding to expand its AI-powered clinical documentation platform that automates note generation for healthcare providers, freeing up their time for patient care.
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Coffee grounds are being repurposed into firewood, with one log burning for approximately an hour, offering an alternative fuel source.