Turku Science Park Ltd in 2008 The CEO's Review.............................................................................................................................................4 A look at the main business areas Biotechnology in Turku..........................................................................................................................6 Applied ICT in Southwest Finland..........................................................................................................8 BioTurku®.......................................................................................................................................................10 CASE: All is well in HyTest...................................................................................................................12 Biocelex Ltd....................................................................................................................................................13 Applied ICT and development projects............................................................................................................14 CASE: A successful year for Lingsoft...................................................................................................15 CASE: Practical IT assistance for SME's...............................................................................................16 Centre of Expertise and international activities................................................................................................18 CASE: Fresh fish from smart packaging...............................................................................................19 CASE: On the tip of your tongue: What really makes a product pleasant?.............................................20 A network provides internationalisation tools.......................................................................................21 Business Development...................................................................................................................................22 CASE: Rapid internationalisation for incubator company Medbase.......................................................23 CASE: Turku Science Park has its own “digital TV cluster”. Digital TV – leading edge expertise and development .........................................................................24 Marketing and Communications.....................................................................................................................26 Turku Science Park in the headlines in 2008.......................................................................................27 Turku Science Park's image and customer survey...............................................................................28 Turku Science Park Ltd's 20th anniversary was a celebration of internationality..............................................29 Real Estate.....................................................................................................................................................30 CASE: Chipset designers relocated to Turku Science Park....................................................................30 Board of Directors . ........................................................................................................................................32 Financial statement and balance sheet 2008..................................................................................................33 Accelerator of innovation................................................................................................................................34
The CEO’s Review
The CEO’s Review The tasks of Turku Science Park include commercialising innovations generated by the local universities and institutes of higher education and promoting the development and growth of highly-skilled business, especially in the fields of biotechnology and applied ICT. During our twenty years in the business, we have seen how in times of an economic downturn, creativity and expertise based on a high standard of education become more important than ever. Turku Science Park has a role to play in bridging the gap between businesses, research units and the public sector – in translating opportunities into activities and jobs. We assist start-up companies in launching their operations and securing financing. During the year, our incubators fostered 8 start-ups, while 4 companies outgrew the incubator stage. The business incubator currently shelters 26 enterprises, and in total, 180 companies that now employ approx. 1,000 technology professionals have grown from our incubators. In 2008 over EUR 4 million of capital and project financing was granted to incubator companies. We strive to build up co-operation networks between up-and-running businesses and research institutes, both locally and internationally. We offer expert services and premises for start-up and growth enterprises in particular.
Setting up an international network of partnerships was a keynote theme in 2008. Co-operation in the fields of development and financing with the Karolinska Institutet, which had been launched one year prior, gathered momentum. In the spring, the partnership was enhanced with an agreement with Karolinska Development Ab. This agreement opens up a source of financing for Finnish startups in the biomedical sector. The practical implementation of this co-operation will be channelled through Biocelex Ltd, a company in which Turku Science Park Ltd and Karolinska Institutet Holding Ab are the main shareholders. Towards the end of the year, Turku Science Park Ltd also made a strategic investment in Karolinska Development Ab’s share issue. A co-operation agreement was concluded in summer 2008 with Heidelberg Technology Park which, similarly to Karolinska Institutet, is on the cutting edge of the European life sciences sector. Under this agreement, joint seminars for businesses and research teams will be organised, particularly in the field of bioimaging. A survey of needs and expectations of companies engaged in ICT and related fields, which total some 1,600 in Southwest Finland, was carried out in 2008. The commercialisation of new services has begun.
Relinquishing the real estate shown in the company’s balance sheet in cooperation with the City of Turku is part of the Turku Science Park’s action plan. This plan was not fulfilled in 2008 and the underused special facilities in the pharmaceutical industry building located in the BioValley area are reflected as a financial burden to the company in the year’s profits. The City of Turku’s investments in business services have decreased since the year 2006, in line with a plan drafted at that time. The range of these activities remains broad, however, and their cost-effectiveness continues to improve. As a result of the company’s activities, investments held by the City have paid themselves back many-fold: 4.8 times their sum was secured in third-party financing. This is just one concrete example of how we at Turku Science Park carry out our promise of accelerating innovative growth.
Ilkka Kouvonen CEO, Turku Science Park Ltd
A look at the main business areas
Biotechnology in Turku The life sciences sector as a whole made good headway in Turku in 2008, even though the global credit crunch was reflected in the companies’ business operations, especially towards the end of the year. Bayer Schering Pharma emerged as the regional flagship of the sector. The company’s Pansio facility was preparing to commission the fourth IUS (intrauterine system) production line, increasing the annual production capacity of Mirena hormonal IUS’s from three to four million units. The demand for Mirena continued strong, and sales reached EUR 462 million. As a result of the Group’s internal arrangements, Bayer is also about to double their tablet manufacturing capacity in Turku. Thanks to increased demand, Bayer took on some 55 new employees, bringing the company’s payroll in Turku up to approx. 600 at the end of 2008. PerkinElmer Human Health (locally known as Wallac) also increased its production in Turku, even though the company’s profit development was undermined by the weak dollar. The Genetic Screening Unit headquartered in Turku has reinforced its position in the Group and now produces some three quarters of Wallac’s turnover. Wallac is the indisputable global market leader in its field. Its market share in neonatal screening systems is over 65%, while that of prenatal foetal screening systems exceeds 30%. Even in today’s world, the cobbler’s children have no shoes. Although the global market leader in screening systems is based in Finland, Finnish babies are only screened for one disease, while their peers in neighbouring countries are screened for up to 20 diseases and conditions. This is why Wallac, in partnership with Turku University Hospital, started a more extensive screening programme of newborns on a trial basis, donating the screening tools to the hospital for three years.
In June, Orion inaugurated 2,000 square metres of new research facilities in their Turku plant. Mr Timo Lappalainen, Managing Director of Orion, explains that the company was running short of lab space, and new facilities that were able to meet the latest international standards were needed for the company’s R&D efforts. Towards the end of the year, the company announced a renewal of its operating model as regards pharmaceutical development and research, due to the expiry of basic patents protecting some of the company’s most important products early in the next decade. In practice, the company resorted to dismissals, which affected 55 of its employees in Turku, but is holding on to unwavering faith in the strategic competitiveness of its in-house product development and manufacturing activities.
Profits and product development Tangible milestones were also reached by smaller businesses and research projects in the life sciences sector. HyTest Ltd, which operates from Turku Science Park, continued its outstanding profit development, and despite the weak dollar managed to increase its turnover to over EUR 7 million. What is more, the company was extremely lucrative, with profits amounting to nearly EUR 2.2 million. Other SMEs, such as Biotie Therapies, BioCis Pharma and Faron Pharmaceuticals, announced major achievements in the fields of research and business.
A look at the main business areas
At the end of the year, Biotie Therapies Corp. concluded an agreement concerning the acquisition of a German pharmaceutical research and development company, elbion GmbH. After this merger, Biotie’s product development portfolio will contain front line pharmaceuticals in various phases of clinical and preclinical development. Biotie’s licensing partner, H. Lundbeck A/S, additionally announced their intention to start three phase III clinical trials with nalmephene in the treatment of alcohol dependency. The main results of these trials are expected in the first half of 2011. The product development activities of BioCis Pharma Ltd, a pharmaceutical development company operating in Turku Science Park’s business incubator, advanced by leaps and bounds. In the autumn the company started clinical patient trials with a dermatitis treatment developed by the company in Finland. In early 2008, the first clinical trial of the therapy commenced with healthy volunteers. This trial proved the treatment safe and well-tolerated, as well as significantly better at keeping irritation symptoms in check than a placebo. Despite the economic downturn, BioCis also managed to boost their financing, e.g. by securing a new venture capitalist from Sweden. The autumn also saw Faron Pharmaceuticals Ltd, a pharmaceutical developer, start clinical trials for patients with acute lung trauma in Great Britain. Faron trusts that its positive development will continue and lead to a sales license application for the drug around 2012. Last year, five new life science companies started operating in Turku Science Park.
New openings in research The Commission of the European Union granted a sum exceeding EUR 900,000 to the Turku-based national PET Centre (Positron Emission Tomography) for Alzheimer’s research. The project partner in Turku is the PET Centre, whose activities are based on an agreement between the University of Turku, Åbo Akademi University and Turku University Hospital. Research in Alzheimer’s is a project involving 19 European research centres from 15 countries under the 7th EU Framework Programme for Research. The budget of this five-year project totals EUR 14.6 million. In the autumn, the Technical Research Centre of Finland VTT and the University of Turku entered into a partnership agreement aimed to intensify research co-operation in pharmaceutical development that began in 2002. The agreement emphasises pharmaceutical biotechnology research. The particular aims include utilising genome data for studying the underlying mechanism of breast and prostate cancers, and the development of new diagnostics and therapies. The researchers of VTT and Turku University have made a discovery of international significance helping to clarify and give insight into the cancer mechanism. The Turku Centre for Biotechnology TCB, an institute of the University of Turku and Åbo Akademi University, raised its international profile as experts of microchip technology. Agilent Technologies Inc., a leading supplier of microchip-based genome research solutions, awarded TCB its ”Certified Service Provider” status, the first laboratory in the Nordic countries to receive this status. Initiated by the Hospital District, the establishment of a national Brain Trauma Centre concentrating on traumatic brain injuries is a significant
new opening. The Centre will rely on the work of a research team that has been active in Turku for some 12 years, and it will develop imaging, organise epidemiological follow-up and seek new therapies for the acute treatment of brain trauma with the aim of protecting the brain or promoting recovery. In addition, the centre will develop biomarkers for brain tissue trauma. The Brain Trauma Centre will be operating from the facilities of the Turku University Hospital in the new T-hospital, which also houses a concentration of emergency medical services for Turku and the surrounding areas. Work with patients will begin in autumn 2011, while training and research activities are likely to start in 2010, provided that financing for the project will be in place. The research units of the local universities (Turku Centre for Disease Modelling TCDM, Clinical Research Centre CRC and Biomaterials Centre BMC) have helped to disambiguate the infrastructure of research and service activities of the sector in Turku. They now need to offer more of the type of content and capacity that both life science businesses based in Turku and international giants are willing to purchase. In practice, reaching the targets will mean hiring full-time staff to market their research and expertise. Making the new research units work full scale is not something that the existing staff can do as a sideline. The outlook for the life sciences sector as a whole remains rather positive, but as a consequence of the international financial crisis, obtaining risk capital for venture capitalists in the sector and consequently for life science businesses is a challenge. Long-term financing is a prerequisite for business growth and product development in life sciences. The role of public research funding is highlighted in balancing out the unfavourable economic cycle.
A look at the main business areas
Applied ICT in Southwest Finland In 2008, the number of branches of ICT sector companies in the country climbed up to 1,600. Outside the capital area, the region of Turku and Salo still comprises the most potent concentration of ICT sector expertise in Finland. The hub of science and research is in Turku Science Park. However, the effects of the looming recession were also reflected in the ICT sector. In November, Nokia Corp. announced the closure of their Turku unit with 220 employees. The majority of these employees moved on to work in Salo, however, and as a result there was no essential change in the situation in Southwest Finland. On the other hand, it was good news for Turku when STMicroelectronics R&D Ltd, a subsidiary of one of the largest microelectronics application developers globally (the mother company is currently known as ST-Ericsson Ltd) located its R&D activities in Turku Science Park in the spring. The profile of the ICT sector in the region was also raised by the FinLab cluster, led by the DTV Group in Turku Universityâ€™s Department of Information Technology, which is committed to promoting the technological development of the sector in Finland. This project, amounting to some EUR 5.2 million was launched in autumn 2008, and it proceeds in close-knit partnership with companies, Strategic Centres for Science,
A look at the main business areas
Technology and Innovation, Centres of Expertise and regional development organisations.
New markets and capital injections A number of companies in the region released news of globalisation projects and new capital injections. The Salo-based Nordic ID, a leading manufacturer of handheld computers with UHF RFID readers in Europe, announced the expansion of their activities into Russia. Axel Technologies Oy, which specialises in wireless television technology in Turku, acquired an agent in the growing market in Hong Kong. In addition, the company raked in a capital injection totalling EUR 2.4 million. Turku-based IT Mill Ltd also secured an equity investment with Michael ”Monty” Widenius joining the company as a new shareholder. Widenius is particularly wellknown as the founder of MySQL, a company that was sold to the American Sun Microsystems for USD 1 billion in January 2008. In the autumn, the language technology company Lingsoft Inc. announced a significant translation services contract with the Parliament of the European Union. The ”One-Hour Words” platform developed by Lingsoft also won the Edelcrantz Challenge innovation award conferred by the Foundation for New Technology. Lingsoft has also been involved in the Louhi project as an active partner. This health care and wellbeing technology project seeks tools suitable for analysing the contents of text format data, such as patient documentation. The project culminated in the establishment of a consortium for information and language technology for health information and communication (IKITIK), which aims at implementing commercialisable, industry grade applications for the health care sector in particular.
Sanako Corp., which specialises in developing learning technology, continued its conquest of the world. In November, the company announced the opening of new offices in Beijing, China. Over 95% of the company’s products are exported to destinations in Europe, Canada, Peru, Russia, China, Libya and Kuwait. Similar to Lingsoft Inc., Sanako Corp. works in close co-operation with Microsoft Corporation and has achieved the highest level (Gold Certified Partner) possible in Microsoft’s partner programme.
The local universities have played an active role in the setting up of Strategic Centres for Science, Technology and Innovation (SCSTI’s). In February 2008, Tivit Ltd was established as the active operator in the ICT cluster. The regional shareholders in Tivit Ltd are Åbo Akademi University and Turku Science Park Ltd. A partnership agreement between Turku University of Applied Sciences with Turku Centre for Computer Science (TUCS), which is vital in terms of research, proceeded to the approvals stage.
Miratel Oy, a company specialising in health care sector communication and alarm systems, also has strong growth in global markets in its sights. The company launched a EUR 1.8 million globalisation project partly financed by the Finnish Funding Agency for Technology and Innovation, Tekes. Miratel aims at a four-fold turnover and two-fold number of employees by 2015.
The area hosted many international scientific conferences in the sector, one of the largest being Compsac 2008, which brought together 490 specialists from scientific communities and companies representing 40 different countries. Other significant international gatherings included the ICT sector Turku-Vietnam co-operation seminar “Emerging Tiger - Business Opportunities in Vietnam”.
Technological expertise from Turku has also made its mark in the Finnish Parliament, where a public address system supplied by Audico Systems Ltd was introduced in the beginning of the autumn session. The company, which is the market leader in Finland, develops, plans and manufactures public address, voice evacuation and information systems.
The Information Processing Association in Southwest Finland (VSTKY) continued as the key third-sector partner to the industry after 41 years of work in this area. The Association organised 12 co-operation events on various levels relevant to topical phenomena in the sector, such as supervision in the information society.
Turku Science Park Ltd together with its partners has been actively involved in information society development at the national level. The target of extending fast broadband connections to all areas of the country was published by the Minister of Communications, Suvi Lindén, in the spring. The broadband working group put together by the Regional Council of Southwest Finland and Turku Science Park Ltd has contributed to achieving this target.
Despite the effects of the economic downturn, the region offers strong potential for growth in business and research activities. To make full use of this potential, it is vital to reach a balance between business needs and the opportunity for education and training. The companies and research institutes in the region also need to connect better than they have in the past. This is the challenge that Turku Science Park Ltd will rise to in 2009.
BioTurku® In 2008, BioTurku® focused on supporting regional projects, promoting co-operation between the life sciences and other industries and improving the business environment of companies.
New centres made headway Turku Bioimaging, a multidisciplinary working community of bioimaging research and teaching that was established by researchers in the University of Turku and Åbo Akademi University, makes efficient use of the new imaging technologies in everything from basic research to clinical trials. The Commission of the European Union granted EUR 900,000 to the national PET Centre, as jointly established by the University of Turku, Åbo Akademi University and Turku University Hospital, for Alzheimer’s research. This project aims at examining the use of nanoparticles in the diagnostics and treatment of the disease. As a marketing tool, BioTurku produced a brochure showcasing the versatile imaging expertise in the region. To support the commercialisation and sale of services of Turku University’s Centre for Disease Modelling, BioTurku assisted the Centre in producing its marketing brochures and mapping tools of optical imaging. To broadcast the expert knowledge of the organic chemistry scientists in the University of Turku and Åbo Akademi University, a business seminar was organised and marketing material produced. In the autumn, BioTurku supported the drafting of a business plan for the National Brain Trauma Centre launched by the Hospital District of Southwest Finland. The aim is to set up a centre focusing on the treatment of and research in traumatic brain injuries that will be unique in Europe. BioTurku also funded the creation of an operating model for the joint Clinical Research Centre CRC of the Hospital District and University of Turku.
Cross-sectoral co-operation BioTurku and the Functional Foods Forum of the University of Turku together strove to promote interdisciplinary co-operation between actors in the pharmaceutical sector and food industry. The ”Food, host & defence” seminar in late winter and the Functional Foods seminar in the spring attracted nearly 200 participants. The profile of systems biology expertise in the region of Turku was raised by taking part in the organisation of four interdisciplinary IT seminars (Informatics in Biotechnology, the NEXT 2008 conference, closing seminar of the Louhi project and the Bioinformatics Forum). The cancer forum held late in 2008 sought a new type of patient-oriented approach. This seminar, titled ”From targets and research to cancer treatment”, counted not only researchers but also businesses among its participants and, unusually, the targeting of cancer research and treatment was examined from the perspective of patient needs. Ideas generated in this seminar will be implemented during 2009.
Promoting international business BioTurku took part in the world’s foremost life sciences event, BIO2008 held in the USA, once again as part of a joint Scandinavian pavilion. This annual event is the most important one in the sector, with over 20,000 participants. The BioTurku concept and expertise of the cluster at large were promoted not only at the stand but also by approaching potential investors and customers directly. BioTurku also took part in partnering events held in Copenhagen and Heidelberg in 2008. As a result of active customer solicitation, two large companies – Merck and Eli Lilly – were persuaded to visit Turku to vet the companies and scientific expertise in
the region. Additionally, BioTurku received delegations from Italy, France and South Africa who were interested in the service range of businesses and research units in our area, as well as in co-operation projects with companies and scientists in their own countries.
started between Turku Science Park Ltd and Karolinska Institutet. In practice, this co-operation in seeking out target companies will be implemented in particular by Biocelex Ltd, a joint venture of Turku Science Park Ltd and Karolinska Institutets Holding Ab.
BioTurku was responsible for coordinating a large-scale globalisation project of the Finnish life science and pharmaceuticals services sector. This project, which was financed by the Finnish Funding Agency for Technology and Innovation, Tekes, has essentially helped service companies in the sector to develop their international activities and sales, also in Turku. The final seminar took place in Turku in the spring. With its major impact on the companies’ business activities, this event attracted high visibility in the media.
Through ScanBalt, a life sciences co-operation network active on the Baltic rim, BioTurku has been involved in starting international Masters’ and Doctoral programmes.
Tailored coaching for businesses and research units in the area was based on verified needs and unit demand. It concentrated on securing financing and promoting internationalisation. Participants in this two-part international partnering and presentation coaching course mainly included companies, with life science researchers in training relevant to EU projects. International co-operation between biocentres took major steps forward. In the summer, Turku Science Park Ltd and the German Technologiepark Heidelberg GmbH concluded a co-operation agreement focusing on biotechnology which aims at an exchange of information with a view to commercialising scientific innovations and the internationalisation of new enterprises in the business incubator. Towards the end of the year, Turku Science Park Ltd made an investment amounting to approx. EUR 2 million in the Swedish Karolinska Development fund, which makes equity investments in life science sector start-ups. This investment further solidifies the strategic co-operation
Turku Science Park Ltd also coordinates the national HealthBIO, a Centre of Expertise Programme for the Biotech Competence Cluster. Under the auspices of HealthBIO, a two-day annual seminar was held in the area, probably ranking as the largest event of the year in Finland bringing life science companies together. The most important activities of HealthBIO included active international promotion of the Finnish biotech competence, efforts to set up a national network of clinical trials, as well as the Pharmaceutical Gateway China – Finland/Europe project that looks for new market openings and co-operation opportunities in China.
CASE: All is well in HyTest Located in Turku Science Park, HyTest Ltd is one of the world’s leading suppliers of raw materials for the diagnostics industry. Its products are sold to 41 countries on six continents. HyTest Ltd, which is based in Turku and Moscow, produces monoclonal antibodies and antigens for diagnostics industry raw materials, mainly to be used as key components in laboratory tests of various types. The company has become the international market leader as a manufacturer of certain immunological reagents, such as cardiac markers and influenza antibodies. The primary customers of HyTest include diagnostics sector manufacturing companies and international research teams.
“The research personnel of an extremely high standard available in Moscow has been a major advantage for us. Scientific research and publishing its results in esteemed forums has gone hand in hand with product development in our company,” says Lehikoinen. In recent years, HyTest has further increased its patent portfolio and dramatically expanded its product range e.g. into influenza diagnostics. It has now emerged as one of the leading suppliers of influenza antibodies in the world. In product development, the strongest investments continue to be channelled to the company’s forte, diagnostics of cardiac insufficiency.
HyTest in 2008 A history of 15 years “In the early days, the establishment of our company was based on co-operation between the Universities of Turku and Moscow, and this academic co-operation remains important for our activities today. Aboatech Oy, an enterprise set up to commercialise the University’s research outcomes operational in the early phases of Turku Science Park’s development, played an important role in launching the company in 1994. Consequently, we have continued to operate in the area of Turku Science Park, going through nearly all technology buildings from BioCity via EuroCity and PharmaCity to the current Intelligate building,” explains HyTest Sales Manager Jukka Lehikoinen. HyTest currently employs 30 people, one half of whom are in Moscow. The management, sales and marketing activities of the company, as well as part of product development and production are located in Turku, while the other part of production and product development activities is in Moscow.
HyTest’s turnover for the tax year closing at the end of October was EUR 7.4 million, showing a growth of 19% on the previous year. Profits amounted to nearly EUR 2.2 million, and the share of exports in the sales was 97%. The United States remains the company’s largest individual market with 58% of sales. Other important market areas include the EU countries (Germany 5%, Great Britain 10%, France 4% and Finland 3%) and Asia (Japan 4% and Korea 3%). HyTest has maintained a sound level of profitability despite its strong investments in product development and the management of customer processes: the operating profit percentage was 29%. Thanks to its high profitability, HyTest has been able to continuously expand its activities as supported by cash flow financing. www.hytest.fi
For more information please contact: Turku Science Park Ltd / BioTurku Department, Director Tero Piispanen, Tel: +358 (0)40 078 1683
Biocelex Ltd Biocelex Ltd was established in July 2007 and started operation on 1st September 2007. At the end of the year, the company’s shareholders included Turku Science Park Ltd (59%), Karolinska Institutet Holding AB (25%), Turun Seudun Osuuspankki (10%) and company management (6%). Since starting its operations, the company has focused on establishing itself. The foundation of the company’s business consists of seeking out innovations in Finland, selling business development services and, for the next three years, coordination of the Pharma programme for the Finnish Funding Agency for Technology and Innovation, Tekes. At the end of the tax year, the company had 3 employees.
Development of innovations The innovation development activities are comprised of finding ideas and potential innovations in the life sciences sector in Southwest Finland and the whole country, preliminary assessment of their commercialisation potential as well as putting forward potential innovations for the evaluation process of the Karolinska Institutet. In its own nationwide activities in Finland, Biocelex Ltd applies Karolinska Institutet Innovations AB’s innovation development model. This model has been modified to be suitable for the Finnish life science sector, and during the operating year, the model has been efficiently implemented among potential innovation actors. During the year, Biocelex Ltd concluded a partnership agreement to seek out innovations with the Karolinska Development AB Fund (“Turku Deal Flow Agreement”).
Business development services Aspects of business development include strategic planning, commercialisation, internationalisation and the financing process. Biocelex Ltd mainly sells business development services to Finnish actors in the life sciences sector. Potential customers include companies in the early development and growth phase, in addition to more established and larger players in the field. www.biocelex.fi For more information please contact: Biocelex Ltd, CEO Kai Lahtonen, Tel. +358 (0) 50 689 48
Applied ICT and development projects
Applied ICT and development projects Analysis and planning efforts in early 2008 led to a refocusing of Turku Science Park Ltdâ€™s work targeting the ICT industry. In a survey of the current situation in the sector, ICT businesses and researchers were asked their perspective regarding their development needs and intercompany activities. This survey was conducted in co-operation with Salo region. In Turku, ICT has close associations with health care and wellbeing, biotechnology, speech and language technology and the marine and metal industries. These sectors can boast outstanding expertise and a high standard of education and training. Before the recession, availability of labour was a factor limiting enterprise growth. The survey revealed that companies would like support from high-quality experts in their internationalisation and product development activities. In order to take up this challenge, as well as the financing needs of companies in the ICT sector, Turku Science Park Ltd together with an experienced team of experts launched the preparatory work for a new business development company that would operate on a commercial basis. The businesses hoped for external financing and specialist support in order to develop their activities. In addition to financing directed at R&D, support is needed in business development and internationalisation. As a result of the spring 2008 survey, potential R&D projects emerged, and a resulting project that promotes data management in the marine cluster has already been launched. This has strong links to the Southwest Finland Information Society Programme implemented under the leadership of the Regional Council of Southwest Finland and Turku Science Park Ltd. The implementation of this programme was based on preparing development projects and influencing national broadband policies.
Applied ICT and development projects
CASE: A successful year for Lingsoft The reporting year saw the establishment of a consortium for information and language technology (IKITIK) aiming to make Turku the leading actor in pharmaceutical and nursing related language technology by 2015. In the field of health care and wellbeing technology, the three-year Tekes projects Management of Medication Information and Louhi were concluded, and as a new initiative, the MyWellbeing project was set up, which aims at empowering citizens as customers of wellbeing services. For more than 10 years now, Turku Science Park Ltd has directed and implemented R&D projects funded under the European Union Framework Programmes for Research. The successfully concluded Connect project, the value of which was EUR 3.2 million, was a continuation of this work. This project set out to improve the user safety of mobile applications. Turku Science Park Ltd coordinated this project, the participants of which included TeleAtlas, Siemens, Mawell Oy and Telecom Italia. Inspired by the positive results of previous years, work to improve the IT capacities of SME’s continued. The eLive project will provide consultation and assistance in making better use of information systems to 200 SME’s in Southwest Finland. The majority of the costs incurred will be covered by European Union funding. Despite reduced operating resources, a number of new initiatives came up in 2008. Based on feedback from companies in the area, services will be concentrated around the themes regarded as most important.
Lingsoft Inc. is an international, full-service language company,
The EU into Finnish
whose product range includes translations and glossaries, writing and reading tools, search services, text mining, teaching and speech applications, as well as eBooks. Lingsoft has reaped success in EU bidding competitions and domestic innovation awards alike. The company is actively involved in the Science Park ICT cluster and has branches in Turku, Helsinki and Kouvola.
From Agricola to the mobile book Lingsoft Inc.’s ”One-Hour Words” publication platform was the winner in the Edelcrantz Challenge 2008 innovation awards. The award was granted by the Foundation for New Technology under the theme of “Novel technical solutions to improve access to cultural services.” The multi-channel One-Hour Words is a publication tool that meets the criteria of modern communication by combining the management of electronic data, mobility and user-friendliness. The One-Hour Words platform puts together integrated marketing of content and the advantages of printed and electronic publication. Under this concept, the same content can be published as a small printed booklet, an eBook available online and a mobile book that can be downloaded to a mobile phone. Lingsoft can also rapidly produce an audio book as synthetic speech from the same material. No wonder Lingsoft’s application has been used to combine these two worlds and to celebrate new technology in the anniversary year of Mikael Agricola, the creator of Finnish standard language.
Lingsoft has established its position as a supplier of translations for the EU and public administration. In the summer, the company was awarded a 4-year translation service contract with the EU Parliament at an estimated value of EUR 3.9 million. This contract covers translation services from 16 official languages of the European Union into Finnish. These services concern the translation, editing and proofreading of documents pertaining to the activities of the Parliament and other European Union institutions. Additionally, Lingsoft continued its co-operation with Microsoft Corporation by producing a Greenlandic proofreader for the Office software. “We have contracts for translation services with the European Commission, the Translation Centre of the European Union institutions and several Ministries and agencies in Finland. Our EU proofreader and our new, efficient project management system contribute to the successful management of these two key customerships,” says Lingsoft’s Managing Director, Juhani Reiman. www.lingsoft.fi After the applications designed for Agricola’s anniversary year celebrations, Lingsoft published an example glossary entitled ”Turku in One Hour – a guide to being a local” as part of their One-Hour Words series.
Applied ICT and development projects
CASE: Practical IT assistance for SME’s In the Enterprise ICT development project, 140 SME’s received assistance and recommendations to help them develop the IT aspects of their operations. This service was coordinated in Turku Science Park Ltd under the leadership of Kalle Luhtinen. The preliminary survey LogOn Turus conducted by the Turku School of Economics revealed that the majority of SME’s make little or no use of information technology in their business operations. It was thus established that the SME’s have a genuine need for assistance in integrating information technology and business. Once Turku Science Park Ltd became a member in the national electronic business development network (eLive), the best practices from other parts of the country could also be applied in Southwest Finland.
Suggested improvements for each company Following a bidding competition, five consultants were selected to provide the Enterprise ICT services. The service, which included one day of the consultant’s time, consisted of a survey of the company’s hardware and software and an analysis of what these were used for. Particular attention was focused on the interfaces of information technology and business activities and on how the information technology served employees in their everyday work processes.
Based on these observations, the consultant drew up a report containing suggested improvements in the use of IT in the company. An essential feature was that the development targets were tailored to each individual company, after which they were discussed with the entrepreneur in order to eliminate any ambiguity. The areas to develop were varied: they included wireless solutions, information security, management of customer data, electronic invoicing, websites, and hardware and software procurements. Public funding made the consultant services accessible to even the smallest enterprises, as the price paid by the company for the package was as little as EUR 100. A total of 140 companies in a variety of sectors took up the service. The Enterprise ICT project was funded by the EU, the City of Turku, the Regional Centre Programme, the Centre of Expertise Programme and Turun Seudun Osuuspankki, a local bank.
Further assistance on the wish list Feedback from the businesses that received consultant services showed that overall they were highly satisfied with the IT assistance. Many of them wished, however, for further consultations and a more in-depth analysis of the problems. In other words, companies still experience a need to make better use of IT, and encouraged by the positive feedback, two similar ser-
vices targeting SME’s were launched in the beginning of 2009: eLive and the ICT gateway, which was later commercialised as TUTKA™. In both of these projects, Turku Science Park Ltd has enlisted the co-operation the University of Turku and the Turku University of Applied Sciences, among others.
Acentra and Lingsoft as examples The Enterprise ICT project sparked a co-operation project between Acentra Oy, an enterprise offering software services, and Lingsoft Inc., a supplier of language technology services. It started with Acentra surveying the status and problems of Lingsoft Inc.’s operative systems and offering their suggestions concerning the automation of cross-system business processes. In the next phase, Acentra was involved in developing the automation of the eBook publication process of Ellibs Ltd, a subsidiary of Lingsoft Inc. Subsequently, Acentra and Lingsoft continued their co-operation in product development. Acentra has been involved in building a SaaS language service platform for Lingsoft’s language technology products. This co-operation continues further, and its spin-offs include a number of subprojects and product ideas.
For more information please contact: Turku Science Park Ltd / Applied ICT and development projects, Director Sirpa Simola, Tel: +358 (0) 50 557 0031
Applied ICT and development projects
TUTKATM â€“ ensuring continuity The TUTKATM service brings to daylight information system problems and ensures the continuity of enterprises. The ensuing report highlights any risks and bottlenecks in the activities and gives the entrepreneur a minimum of three recommendations on how to make the business more efficient. The cost of this service to the company is no more than EUR 200, as the EU pays the rest, and Turku Science Park Ltd handles the associated bureaucracy.
Centre of Expertise
Centre of Expertise and international activities Southwest Finland Centre of Expertise The Centre of Expertise Programme in Southwest Finland is one of the key elements in implementing the expertise and industrial strategy of the region and the City of Turku. The total budget of this programme covering five sectors exceeded EUR 2 million last year. Following a Government decision in 2006, the fields of expertise in Southwest Finland make up a total of 5 clusters. Turku Science Park Ltd bears the regional responsibility for the relevant activities. The main actor in the HealthBIO cluster is Turku Science Park Ltd, which also is responsible for national coordination. The national coordination and regional activities of the Maritime cluster are ensured by Machine Technology Centre Turku. The responsibility for leading the Tourism and Experience Management cluster is assumed by the Town of Rovaniemi, while the regional actor is Turku Touring. The expertise of the Food Development cluster focuses in the Functional Foods Forum in the University of Turku, with overall coordination ensured by Seinäjoki. In the Forest Industry Future cluster, Turku Science Park is responsible for new materials and printing surfaces. The coordination of this cluster is managed from Lappeenranta. In a national evaluation of activities in 2008 and plans for 2009, the projects of the region were highly successful. The most positive feedback from the Ministry of Employment and the Economy concerning the development of activities in the area was received by the Food Development and Tourism clusters. The HealthBIO network has traditionally been one of the best performers in the country. Thanks to the shipyard and its hundreds of subcontractors, the Maritime cluster remains highly important regionally. The regional activities of the Forest Industry Future cluster lean
on the convincing research expertise of the universities. Materials, new printing surfaces and smart packaging applications will soon be part of our everyday lives.
know-how of the company were presented. These activities created plenty of publicity in the Euractive website of the European Union and in the Eastern European media.
As to the future of the Centre of Expertise Programme, a strong mandate and the projected financial resources were granted for it by the Ministry in 2008.
The company’s life science profile was improved with a co-operation agreement concluded with Heidelberg Technologiepark, and negotiations were initiated on contract-based expansion of international activities with the Dutch.
International activities In international activities, the COFISA programme (Cooperative Framework on Innovation Systems between Finland and South Africa) also continues to play a major role. The role of Turku Science Park Ltd is highlighted in the last period of this programme ending in 2009. A survey was conducted on applying the Centre of Expertise Programme in the Cape Town area, where industries and research units focus not only on biotechnology and medical expertise, but also on ICT applications and boat building. In the annual congress of the International Association of Science Parks (IASP) in Johannesburg, reports were heard on the implementation and possibilities of the Centre of Expertise Programme on the African continent. Based on these reports, a South African application of the Centre of Expertise Programme titled the ”Activator” was launched in the capital area of the Republic of South Africa (Pretoria-Johannesburg). As regards new EU member states, co-operation was established in particular with Slovakia. A number of seminars and events were organised in Bratislava, in which the Finnish national innovation programme and the
The company’s own international connections were supported by the launching of Enterprise Europe, a network of networks administrated by the European Union, which contains the contact details of more than 6,000 innovation developers all over Europe. Saarinen: Co-operation key to Finland’s innovation excellence Published: Wednesday 30 January 2008 Niilo Tapani Saarinen is the vice-president of the Science & Technology Park in Turku, Finland. He was interviewed by Mano Strauch of EurActiv Slovakia. A special research and innovation co-operation model bringing together the government, companies and universities as well as some 30 science parks serving as the interface between industry and universities are the main reasons behind Finland’s excellent track record on science and innovation, argues a representative of one of the science parks http://www.euractiv.com/en/science/saarinen-operationkey-finland-innovation-excellence/article-169953
Centre of Expertise
CASE: Fresh fish from smart packaging The product range of our forest industry already includes many types of packaging and labels, but their degree of processing can be improved, for example by developing the materials and equipping the packaging with many types of ’intelligence’. The actors of the Forest Industry Future and Food Development clusters, which are part of the Southwest Finland Centre of Expertise Programme, brought together seafood dealers and scientific experts to discuss indicators of freshness and the opportunities for smart packaging in fish products. Inspired by the event, preparations started for a pilot project.
is likely to be willing to pay for a smart package if the benefits are readily apparent.
Logistic chain vital for fish products
A joint research project
As a food that spoils easily, great care should be taken to ensure that fish is stored at a temperature below +3 °C throughout the entire production chain, from the fisherman to the consumer. This is necessary to stop harmful bacteria and other micro-organisms from propagating. Maintaining the cold chain is critical for the microbiological quality of fish products, although it is the weakest link in the logistic chain. Freshness indicators in the packaging would enable product quality monitoring during all stages of transport, in the shop and even at home in the consumer’s fridge.
In addition to scientists and developers, 14 representatives of the fish industry took part in the discussion and brainstorming event, including representatives from outside Southwest Finland. The ensuing discussions were extremely lively and productive. The event also reached its objectives in the sense that a consortium of three companies and research parties has since started developing a joint pilot project plan.
What can be done, what is worth doing Freshness indicators could be devised by with radio frequency remote identification (RFID) technology, optical package guards or other sensors, for example. Large wholesale batches could support the slightly higher unit cost of a shelf life guard, but the devices designed for individual consumer packages would need to be very inexpensive. On the other hand, the consumer
It is possible to create an optical package guard by printing a sensor on the surface of the film or paper. In practice, the guard could for example be a sticker on the surface of the package that changes colour as it detects a change in the quantity it measures. The package guard would be useful not only for the consumer but also the retail outlet, making it easier to monitor the quality of the products they sell.
The event was organised in co-operation with the Forest Industry Future and Food Development clusters, which are part of the Centre of Expertise Programme. The Game and Fisheries Research Institute, Åbo Akademi University’s Centre for Functional Materials, University of Turku’s Functional Foods Forum, VTT Technical Research Centre of Finland, the Association of Packaging Technology and Research and the Pro Fish Association all lent their expertise to the planning of the event.
Centre of Expertise
CASE: On the tip of your tongue: What really makes a product pleasant? http://fff.utu.fi www.elintarvikekehitys.fi www.oske.net
Preference mapping is a tool for accurately detecting which sensory properties of foods have the strongest impact on consumer preferences, as based on scientific evidence. Is it the texture of the product in your mouth, its sweetness or perhaps the colour that clinches it? The product development departments no longer need to settle for consumer comments like ”this tastes bad” or ”I prefer the other one”. Professionally mapped differences in preferences help to target product development more accurately, with reliable information on which properties of the product need to be developed and in which direction.
Commercialised by the Centre of Expertise The Functional Foods Forum (FFF), which operates as a separate unit of the University of Turku, and Foodwest Ltd based in Seinäjoki have commercialised Preference Mapping. The service they offer combines product property profiles produced by a trained panel, and consumer preferences determined by consumer testing. The expertise in statistical analysis and the training of panels and evaluations are provided by the FFF, and the consumer testing by Foodwest Ltd. Both are actors in the Food Development cluster that is part of the Centre of Expertise Programme. “We are transferring cutting-edge expertise from the University to businesses. Preference mapping is a clearly customer-oriented research service product, which meets the market research needs of the food industry companies. The service is ideal for many situations, as it can be applied to the analysis of the existing product range and product development versions, and these can be compared to competing products. The results may also generate ideas for new products,” says Coordinator Saara Lundén. For more information please contact: Turku Science Park Ltd / Centre of Expertise and International activities, Director N.Tapani Saarinen, Tel: +358 (0)40 052 5308
Centre of Expertise
CASE: A network provides internationalisation tools Turku Science Park Ltd is active in the Enterprise Europe Network, the largest network providing expertise and services to businesses in Europe. The Enterprise Europe Network helps SMEâ€™s in the various stages of EU internal market, internationalisation and technology transfer projects. The network also provides information on the EU Framework Programme for Research. The network offers its services to SMEâ€™s free of charge on the one-stop-shop principle. This network of experts supported by the European Commission operates in more than 40 countries, some outside EU borders. The members of the network comprise over 600 organisations with more than 4,000 experienced specialists who can help enterprises find new business opportunities. The activities of this network are part of the Framework Programme for Competitiveness and Innovation. The Finnish national network has eight partners, one of which is Turku Science Park Ltd. The role of administrative co-ordinator is assumed by the Ministry of Employment and the Economy, and the services of the network are divided into three parts: advisory services, technology services and disseminating information on EU programmes. Turku Science Park Ltd has assisted businesses, universities and research institutes in finding suitable partners for international technology transfer projects, as well as organised business contact events and visits to various European countries. While this network and its predecessors have been in operation, Turku Science Park Ltd has got more than 20 technology transfer projects up and
running in the sectors of biotechnology, IT, space and security technology. For example, Turku Science Park Oy and the network helped Planmed Oy, manufacturer of mammography equipment, get in touch with Oxford Instruments Analytical Ltd, which produces new X-ray detectors. This company together with the VTT Technical Research Centre of Finland provided Planmed Oy with a product development partner for creating new technical solutions. www.yrityssuomi.fi/yrityseurooppa
Business Development Turku Science Parkâ€™s Business Development is tasked with developing new growth enterprises based on expertise and technology. The services include the evaluation of new business plans, pre-incubator services preparatory to business start-up and incubator services for the early stages of the enterprise. The range of services offered by Turku Science Parkâ€™s Business Development include premises and front desk services in two incubator units: the BioIncubator and DIO Business Centre. In 2008, 44 business ideas as potential new incubator companies were assessed. The number of new pre-incubator projects launched was 14, of which 7 were in the ICT, 4 in the life sciences and 3 in other sectors. A total of 8 new incubator companies were started, of which 3 in the ICT, 3 in life sciences and 2 in other fields, while 4 businesses grew out from the incubator stage. During the year, the incubator fostered a total of 26 start-ups. Securing financing, successful product development and opening up markets are some of the key objectives in the incubator stage. In these respects, the incubator companies showed a positive development. More than Eur 4 million of outside financing was obtained, of which approx. Eur 1.2 million were capital injections on equity terms to 5 companies. The incubator stage companies produced a turnover of nearly Eur 5 million and created 80 jobs. Co-operation with the local universities plays a significant role in business incubator activities. The TULI project (business from research), which started at the end of 2007, continued seeking and refining ideas from the academic circles throughout the year. The outcomes of these activities include the progress of 6 ideas originating from
CASE: Rapid internationalisation for incubator company Medbase research into the pre-incubator stage and the start-up of one incubator company.
The products of MedBase Ltd, one of Turku Science Park’s incubator companies, have essentially conquered the Finnish market, and negotiations on the first international partnership agreements are well
Businesses thrive on networking. Key partners include other providers of expert services, public and private finance providers, such as venture capitalists, other technology centres, universities and universities of applied sciences as well as public parties providing business services. The activities in 2008 included the administration of Finnish Funding Agency for Technology and Innovation, Tekes’ Yrke business development funds earmarked for third-party expert services purchased for incubator companies, regional coordination of the Venture Cup business plan competition and FinproLink co-operation supporting the internationalisation of businesses. Business incubator activities were funded by the Turku Region Development Centre and Tekes.
under way. Medbase Ltd, which has its offices in Turku city centre, was established by experts of pharmacotherapeutics, and produces medical databases for health care professionals. Versions intended for the general public are also under way. “The flagship of our products, the SFINX drug-drug interaction database, has been sold to almost every possible customer in Finland. We now have to reach out to the international market, and this is where the business incubator is providing us with significant assistance,” says Mr Kari Laine, the Managing Director and main shareholder of the company. With support from the business incubator, Medbase has e.g. commissioned market surveys in Central and Eastern European countries and successfully obtained financing for these surveys.
Widening product range The SFINX database providing information on drug-drug interaction was originally developed in English, which is why it will be easy to localise for new markets. “Introducing a new linguistic area will perhaps take a few person months. The range of drugs in use naturally varies slightly from one country to another, which also needs to be taken in consideration,” says Laine.
In addition to SFINX, Medbase’s product range also includes the Gravbase and Lactbase databases, which contain comprehensive information on the safety of drugs during pregnancy and breast-feeding. New databases are constantly being developed, and a support database that takes into account such matters as the effects of kidney insufficiency on drug dosage will soon be available. In addition to in-house expertise, the company works with a number of Finnish and overseas partners e.g. in Helsinki and Stockholm, ensuring high quality medical content and frequent and regular updates.
Expert owners The owners of Medbase Ltd are two professionals of pharmacotherapeutics, who also work in the company. “The ownership base is ideal for us. We know what we produce and sell,” explains Laine. “We have even developed some of the software needed for producing databases ourselves, while some of this work has been outsourced to IT professionals. In internationalisation, it will similarly be crucial for us to find a partner in the target country that already has contacts with health care professionals specifically, rather than the general IT product market.” “At the moment, we have three part-time employees in addition to the owners working in the company, and I am sure more will be needed in the future,” he adds. www.medbase.fi
Turku Science Park has its own ”digital TV cluster”
Digital TV – leading expertise and development Finland was the first country in Europe to introduce a digital TV broadcasting network, which accelerated the development and testing of
Digialist develops package solutions and encryption systems
new technical solutions here. Turku Science Park’s business incubator has turned out at least four high-tech companies in the digital TV sector. These companies profit not only from the coaching offered by the incubator but also from close-knit mutual co-operation. The field of enterprising is in a continuous state of flux. The patterns are changing: mergers and outsourcing, new openings and back-to-basics solutions abound. The concentration of digital TV expertise in the region derives its origins not only from graduates from the local universities but also the industrial history of Southwest Finland: the CV’s of many experts boast the names of former employers like Finlux and Nokia. The existence of a mobile DVB-H network in Turku Science Park and its vicinity encourages the testing of new applications. Local higher education institutions have been involved in the setting up and management of this network together with Nokia, Digita and many other companies. For more information on making use of this network, please contact the DTV Group of the Turku University’s Department of Information Technology, where some thirty students and scientists are engaged in research on wireless data communication systems under various projects.
Digialist Ltd located in the Turku High Tech Centre building employs nine full-time and three to four part-time experts. -“We all have a minimum of 10 years of experience in the field, and we know our TV technology inside out,” says Managing Director Pasi Vänttinen.
Digialist designs and develops turnkey solutions for digital TV devices and tests hardware and software. It supplies solutions for satellite, aerial and cable based systems as well as for Internet devices. The company’s customers include operators and large Korean and Chinese manufactures, and in the domestic market, Finnsat. Key product development partners are the Norwegian Conax, French Thomson and multinational ST-Ericsson. In addition to hardware and software, Digialist develops and supplies encryption systems. ”In September 2008, we released a solution combining Conax’s Chipset Pairing technology and Thomson’s NexGuard watermark technology, enabling the protection and ”stamping” of digital material contents. This way the contents can be secured and legally valid proof offered in case of illegal copies, thus preventing their spreading. This innovation has meant plenty of visibility and new contacts for us,” Pasi Vänttinen explains with satisfaction. www.digialist.com
Interactive Hibox Systems
ClaroVision’s multi-purpose multimedia application
DigiPhilos: consultancy and project management
Hibox Systems Ltd, a company established by graduates from Åbo Akademi University, develops and sells interactive television systems and services to hotels and consumers. Hibox, which employs seven people in the DataCity building, believes in the future of IPTV technology in particular.
In Turku Science Park Ltd’s DIO Business Centre located in ElectroCity, an international team of four entrepreneurs is hard at work, striving to free the consumer from mountains of terminal devices, additional boxes, cables and remote controls of various types.
Technical consultancy and project management associated with the Digital TV environment is the core competence of the consultants at DigiPhilos Ltd based in Turku High Tech Centre. The two founders of the company have convincing experience in technology management and product development in the service of a TV manufacturer.
“IPTV technology, which is based on using an Internet protocol both in the distribution of TV programmes and the return channel, is sure to become more common in the future, even though it is not widely used today,” believes Managing Director Staffan Granholm. With Hibox system solutions, the services of a computer, video recorder, radio, stereo, video rental shop and even telephone can all be integrated in a TV set. All Omena hotels in Finland, for example, have Hibox TV systems. In terms of service and management, the system offers particular benefits: control and updates can be performed on real time with a WWW-based user interface from any computer with an Internet connection. www.hibox.fi
Oy ClaroVision Ltd is developing a user interface in which a single widescreen TV will, with a single remote control, display HDTV programmes, photo albums, recorded or downloaded music and external CDs, videos and external DVDs. You can also make videophone calls or surf the net, and the system naturally is Web 2.0 and IPTV compatible. The remote control also doubles as a mouse, and everything works at the speed of lightning. “We have now reached the beta phase; in other words, we can start testing the application with outsiders. Our pilot partner is Paraisten Puhelin Oy. We want to prove that our concept works, and we will tailor the product properties to the wishes of our future partners,” promises Managing Director Thorsten Brysch, who leads the German-Ukrainian-SpanishFinnish development team with enthusiasm.
“We know the field and its technologies. Certain technological solutions have been introduced in the Nordic countries, which large manufacturers elsewhere in the world are not familiar with, meaning that their devices do not work well over here. We consult actors in the field in localisations, development of business models and product development. Our key customers are equipment manufacturers, importers and operators. We put together and manage development projects and offer an outsider’s perspective, which often is vital,” explains Kari Myllylä. For example, Timo Santi from DigiPhilos Ltd recently finished a large project in which all cable TV operators in Finland managed to specify shared technical requirements for HD digiboxes transmitting a high definition image. www.digiphilos.com
For more information please contact: Turku Science Park Ltd / Business Development Department, Director Olli Mankonen, Tel: +358 (0)40 092 1937
Marketing and Communications
Marketing and Communications Communication services support the implementation of company strategy and achievement of goals – in particular those relevant to the commercialisation of academic inventions and the establishment of new technology businesses – through communication and marketing. Integrated marketing and communications contribute to building up a community image and enhance the attraction of the clusters (BioTurku® and ICT Turku) and the region, both nationally and internationally. A uniform Turku Science Park (TScP) brand, which was introduced in autumn 2007 together with the new operating model, also increases the desirability of the TScP area as a base for businesses. Turku Science Park Ltd’s communication division plans, consults, coordinates and implements marketing communication services and assesses and gauges the effectiveness of communication. The most important tools for this include the media relations of the whole community, network communication as well as marketing and communication materials, focused enhancement of the TScP image and brand management, targeted, cluster-based marketing, and events and other methods to boost the community spirit of the area. Core services include TScP communications and cluster marketing (BioTurku, ICT Turku), both of which support Turku Science Park’s marketing and communication associated with the region.
Media relationships and articles During the year, the division published 113 news reports, and in media visibility Turku Science Park was second only to Technopolis Plc. We also served the companies located in the region to the greatest extent possible, also in the distribution and editing of information sheets. The division produced an extensive series of articles especially for international publications of the life science sector (e.g. Nordic Life Science Review; Biotech Sweden), and articles and series about Turku Science Park appeared in the
supplements of the national financial paper commissioned by our partners, to name one. A monthly column titled ”On a bench in the Science Park” (Tiedepuiston penkillä), which dealt with the competitiveness and premises of the TScP area, was written for the financial supplement of the major regional paper Turun Sanomat.
The Company’s own publications and communication materials The 32-page annual review of the company was published in the spring, and together with the new brochure and the Managing Director’s letter, it was posted to 1,500 regional and national technology actors as a marketing package. The English version of the annual review was also widely circulated. Turku Science Park’s website and its publication system were totally revamped. Around its publication, the site counted nearly 14,000 hits. In the space of the entire year, the site was visited by an average of 7,000 people every month. The electronic publication intended for interest groups, eSpark, came out 11 times. The online magazine Spark was revamped as part of the overall renewal of the website. In addition, Turku Science Park Info served all visitors to the area by giving guidance and distributing materials in the ground floor lobby of the BioCity building.
ness e.g. from Vietnam and Russia) - were introduced to the Turku Science Park concept and facilities. These visitors also comprised delegations of journalists from such places as St. Petersburg. The region was promoted as a potential target for relocation, and the details of companies located in the area were collected for several assignments received specfically through the Invest in Finland organisation. The Communications division presented the activities of Turku Science Park Ltd in order to attract foreign investments in a co-operation event that brought regional Invest in Finland actors from around the country to Turku.
Events and community spirit Together with our business partners, the Communication Services division launched monthly SPARKling (Science PARK) Wednesday events for the business and research staff engaged in R&D tasks and start-up entrepreneurs of the Science Park. The themes mainly focused on intellectual property rights, and the events were valued as occasions for people from different fields to network and build up their regional identity.
Visitors and Invest in Finland co-operation
The Communication Services negotiated and administered Spark benefits which are granted to businesses with premises in the TScP area. Spark benefit events are organised to keep businesses informed about discounts offered by travel agents, airline and hotel and congress service providers, etc. and additional information is sent out to companies and organisations.
In 2008, Turku Science Park received some 400 visitors, half of which were foreigners. In addition to the activities of our company, they – and in particular companies considering relocation (which included foreign busi-
Turku Science Park Ltd also wishes to encourage newcomers in its area to become full members of the community. We advertise the services available in the area and joint development projects and, as much as possible,
Marketing and Communications
Turku Science Park in the headlines in 2008 promote companies located in the area in our communications (e.g. STMicroelectronics R&D Ltd).
Sanako secured 5 million in capital injection (10 Jan 2008)
Turku Science Park Ltd gave a party to celebrate its 20th anniversary in August, organised an anniversary seminar in October and an event for the stakeholders on the 5th of December. These occasions were attended by nearly 400 people in total.
QuatRx’s cholesterol drug shows promise in trials (29 Jan 2008)
In the recent downward swing of the economy, during which the fittest will survive, the skilfull build up of stakeholder interest and our attractiveness on multiple channels will be essential. Being fit may require such things as a strong brand or being financially sound, or even the internal willingness of a community to survive. What is sure is that all these aspects can be enhanced by integrated communication.
Project provides globalisation models for life science service companies (9 May 2008)
Innomedica to open a London office (17 Jan 2008)
A capital injection exceeding one million for Axel Technologies (5 May 2008) Italian-Finnish biomaterials co-operation on the cards (27 Feb 2008) A new pharmaceutical industry service company starts operations (31 March 2008)
HyTest’s influenza reagents are a big seller (27 May 2008) Faron initiates clinical trials in acute lung trauma patients (10 Jun 2008) Turku Science Park Ltd starts co-operation with Heidelberg Park (28 Jul .2008) Michael Widenius to invest in IT Mill (12 Sep 2008) Turku to establish contacts with the Russian pharmaceutical industry (17 Oct 2008) Company visit to Hong Kong to find contacts (21 Oct 2008) Turku Science Park Ltd celebrates its 20th anniversary (23 Oct 2008) Biotie Therapies to acquire the German Elbion GmbH (27 Oct 2008) Fresh fish in a smart package (3 Nov 2008) Edelcrantz Challenge innovation award for Lingsoft’s publication platform (20 Nov 2008) Turku Science Park Ltd invests in Karolinska Development Ab’s fund (11 Dec 2008)
For more information please contact: Turku Science Park Ltd, Director of Communications, Katja Wallenlind, Tel. +358 (0) 50 5774 807
Marketing and Communications
Inspired by the image and customer survey:
Turku Science Park Ltd intensifies service commercialisation An image and customer survey of Turku Science Park Ltd was con-
From targets to practical steps
ducted in late 2008. The survey indicated that the company is well known and its image is positive, but its services are not adequately known. Consequently, the company has intensified the commercialisation of its services, and will launch e.g. the TUTKA™ information system advisory service targeting SME’s. The international network of partners, which was considered important by participants in the survey, will be further reinforced.
The first service to be commercialised in Turku Science Park Ltd based on the survey results was a guidance service related to information systems intended for SME’s. The TUTKA™ service reveals any hidden information system problems and ensures the continuity of enterprises. The ensuing report highlights any risks and bottlenecks in the activities and gives the entrepreneur a minimum of three recommendations on how to make the business more efficient. The cost of this service to the company is no more than EUR 200, as the EU pays the rest, and Turku Science Park Ltd handles the associated bureaucracy. Turku Science Park’s international network of partners, which the customers found vitally important in the survey, will also be further enhanced. The company will continue to foster partnerships in its foremost sectors – biotechnology and ICT – with international leaders. Biocelex Ltd, a joint venture of Turku Science Park Ltd and the Swedish Karolinska Institutets Holding AB, exceeded expectations in its first operating year, and the partnership agreement concluded with the German Heidelberg Technologiepark in the summer is producing tangible results in a number of ways, especially in the core areas of expertise of both parks, i.e. cancer research and bioimaging.
Survey outcomes in a nutshell In addition to businesses, the target groups for the survey included research actors and finance providers, as well as other stakeholders of Turku Science Park Ltd. The customer section of the survey was conducted as a telephone interview with 150 participants. The practical implementation of the survey was ensured by Innolink Research Ltd, and its key outcomes can be summarised as follows:
• Turku Science Park Ltd is undeniably the best known development partner among its customers • The rating for spontaneous recognizeability as a developer of startup businesses was high (19%). • The businesses particularly mentioned TScP’s strong contact networks, coaching, events and opportunities for international networking • The staff is seen as service oriented, willing to work together and easy to approach • The location of TScP Ltd is regarded as excellent • However, the customers are not sufficiently familiar with TScP’s services. The survey participants found staff competence and expertise most important, in addition to a wide-reaching network of experts. In the success ratings given by the survey participants, Turku Science Park Ltd scored the highest in staff competence and expertise (score 5.6/7) and quality of services (5.4/7). Based on an accurate gap analysis, in which success was compared to the proportional importance of the activity, the most successful cases included company development / Biocelex Ltd; company development / incubator services; coordination of development projects; planning of development projects, and the clarity and informativeness of the website. Actual critical factors, in which Turku Science Park may have been unsuccessful in meeting customer expectations, did not emerge in the stakeholder survey.
Turku Science Park Ltd’s 20th anniversary was a celebration of internationality On 22 October 2008, Turku Science Park Ltd celebrated its 20th anniversary as a promoter of high technology and associated enterprising activities with an anniversary seminar emphasizing international networking, completed with a programme of entertainment, held in the Mauno Koivisto Centre, BioCity building.
Learn from others, share the information A prerequisite for making use of high technology in business is good international channels and working co-operation, in which the cornerstone of strategy is partnering with the best actors in the field. Turku Science Park has learnt from the successful operating models of others, and in its own consultancy activities directed abroad, it has been able to offer assistance based on experience in developing innovation systems. The invited guests in the anniversary seminar were greeted by CEO Ilkka Kouvonen, and the opening remarks were made by Member of Parliament Anne-Mari Virolainen, former employee at Turku Science Park Ltd.
Relating Science Park activities with passion and humour The main speakers at the seminar illuminated the various aspects of our international co-operation. Our German partner Dr. Klaus Plate, Managing Director of Heidelberg Technology Park, described how a science park strictly focusing on life sciences was created in Heidelberg, with its activities firmly based on research of an extremely high standard. Work is needed in order to attract top-class scientists and persuade them to stay: the campus must have both Nobel-winning role models for the scientists and a Biergarten and Kindergarten within a walking distance to ensure that the scientists, and their families, will enjoy living in Heidelberg and wish to stay.
Dr. Prof. Lex de Lange, a veteran of the science park sector and one of the founders of the Zernike Group that recently celebrated its 25th anniversary, amused the listeners by relating how he, as an old tax consultant, just happened to create a science park whose activities were both efficient and profitable in commercial terms. His organisation has as many as 700 investments in start-up technology companies under its belt, only 32 of which have ceased to exist. Small sums may be granted lightly for earlyphase trials of commercialisation ideas, but in the seed stage at the latest, all partners to the agreement are expected to share equally: the ideas, information, resources, profits and any losses alike. This concept has worked well so far, but in the circumstances of today’s financial crisis, Dr de Lange was inclined to add a reservation: ”until last week”. Dr. Neville Commins, who faced the challenges of creating the Innovation Hub science park in South Africa, described what it was like to set up a science park literally “in the middle of nowhere”, without any existing background organisation and with everyday problems like the astronomical price of a broadband connection. In such circumstances, you end up using a GSM phone for many tasks. It may not be the most efficient tool, but it is the only one that works. The Innovation Hub has got off to a good start, however, and thanks are partly due to the Finns, including Turku Science Park Ltd, who developed the local innovation system under the COFISA co-operation project. After the main speakers, the audience enjoyed lighter entertainment with a scientific twist, with Professor Pentti Huovinen’s lecture prepared for the University of Turku / Children’s University on ’the miraculous life of bacteria’, and the theatre group Linnateatteri performing extracts from the play ‘An absurd history of Turku’, followed by a fusion cooking demonstration.
Chipset designers relocated to Turku Science Park The ICT sector of Turku Science Park received a significant boost,
needs to offer parking for its whole staff, and this is still a problem in the Science Park area.
- The market has been undergoing major changes recently; one by one, large telephone manufacturers are giving up their own chipset design units, wishing to purchase the modules from partners,” explains STMicroelectronics R&D Ltd’s Area Manager Jussi Rummukainen.
A rearrangement of units
Turku Science Park an outstanding location
STMicroelectronics R&D Ltd, which employs a total of over 200 people in Finland, is a young company with veteran employees. The company was established in Finland in 2007, when Nokia decided to outsource chipset design for mobile phones. The company’s branches are located in Helsinki, Oulu, Tampere and Turku.
The new company could have continued operating in Salo, as its ties with Nokia remain strong. When it became apparent that 80% of the staff working in Salo commuted daily from the Turku area, the city and Turku Science Park started looking like the most attractive location.
STMicroelectronics R&D Ltd moved into brand new premises renovated especially for them in Turku Science Park’s ElectroCity, and the company has been very happy here.
as the more than 80 employees of STMicroelectronics R&D specialising in chipset design for mobile devices took over the 6th floor of
Initially, the new owner of the design unit was the Italian-French semiconductor giant STMicroelectronics. This company set up a joint venture with NXP (previously Philips Semiconductors), producing ST-NXP Wireless, which then emerged as the mother company of the Finnish STMicroelectronics R&D Ltd and the third largest supplier of mobile chipsets in the world. The following step was the agreement between ST-NXP Wireless and Ericsson Mobile Platforms on establishing a joint venture with 50/50 ownership. Today, the new mother company of STMicroelectronics is known as ST-Ericsson, and it brings together a total of 8,000 experts in mobile device chipsets.
- Beside a railway station, with a fast connection to Salo and Helsinki on the motorway, only 20 minutes from the airport,” Rummukainen lists, estimating that the new location helps the company avoid some 50,000 km of commuting monthly. - Our cars are not brand new, and we can thus put the CO² emissions per car at approx. 200 g/kilometre; in other words, by relocating to Turku, we save the environment from some 10,000 kg of carbon oxide emissions in a single month,” Rummukainen calculates. What remains a problem is parking. Even if personal cars are used less for commuting, the company
Getting the benefits from synergy
- Our Turku offices house the personnel resources department that supports design units all over Finland, the coordination of IT support, the central server pool, and a large RF measurement lab with interference proof facilities,” Rummukainen lists. The company intends to make full use of the close proximity of Turku’s educational institutions. - The launch of the new company started from the company’s own product projects and ensuring their functionality, and this is why our own research or research co-operation with the universities in Turku is not yet in full swing. We are interested, however, and it will be vital for our operations in the future,” he concludes. www.stericsson.com
For more information please contact: Turku Science Park Ltd, CEO Ilkka Kouvonen, Tel. +358 (0) 50 3808 600
Board of Directors
Board of Directors Board Chairman Tom von Weymarn: The Board of Directors of Turku Science Park Ltd brings together top-level national business management skills and international experience. The constitution of the Board combines the experience and skills in the company’s leading edge sectors as well as an effort to reach a balanced representation of key stakeholders – the higher education sector, business life and the City of Turku.
Turku Science Park Ltd’s Board of Directors (as of 5 September 2005 ) Board Chairpersons: Tom von Weymarn, Board Chairman, also acts as Board Chairman in Telia Sonera Ab and Lännen Tehtaat Plc Tero Hirvilammi, Deputy Chairman, Deputy Mayor for competence and business development in the City of Turku Board members:
An efficient management system, open communication and reporting of essential information are key elements in sound corporate governance. Central to the Board’s activities is striving to combine various areas of expertise to increase the efficiency of the Board’s work and to reinforce corporate governance.
Pauliina de Anna, Member of the City Council of Turku Rabbe Klemets, Oy L-S Link Ab, Board Chairman of Klemets Management Oy Seppo Lehtinen, Vice Chairman of the City Board of Turku Björn Mattsson, Senior Industrialist, acts as Board Chairman e.g. in Nordkalk Corp. Aleksi Randell, Chairman of the City Board of Turku Matti K. Viljanen, Professor, Vice Rector of the University of Turku, responsible for research activities
Financial statement and balance sheet 2008
Financial statement and balance sheet 2008 FINANCIAL STATEMENT 2008 Turnover
FINANCIAL STATEMENT 2007 8,769,890.83
Materials and services
Materials and services
Depreciations and value adjustments
Depreciations and value adjustments
Financing yields and costs
Financing yields and costs
Net profit / loss
Net profit / loss
BALANCE SHEET 2008
BALANCE SHEET 2007
- 445,184.93 426,856.05
Number of employees
Number of employees
Accelerator of innovation
Turku Science Park – accelerator of innovation • Three research universities: University of Turku, Åbo Akademi University and Turku School of Economics • Turku University of Applied Sciences, Diaconia University of Applied Sciences • Turku University Hospital • Leading edge sectors: biotechnology and applied ICT • 17,500 employees • 30,500 students • 400 professors • more than 300 businesses and organisations • over 250,000 m² completed facilities within five square kilometres • A dozen technology buildings on the motorway to Helsinki, in the immediate vicinity of the Kupittaa railway station and within walking distance from the city centre • Less than half an hour’s drive from an airport with international connections
Innovate to Accelerate