Spin-offs from Finnish Universities and Research Institutes

Company, Year, Origin, Field, Website​

1. Aurelia Turbines Oy, 2013, LUT University, Gas turbines / hydrogen-capable turbines, aureliatechnology.com

2. Axco-Motors Oy, LUT University, Large-scale electric motors and generators

3. Balance Engineering Oy, LUT University, Air and energy systems

4. Carbonaide Oy, 2022, VTT, CO₂ utilization / carbon-negative concrete, carbonaide.com

5. Egear Oy, LUT University, Electric drivetrain technology

6. Hycamite TCD Technologies Oy, 2020, University of Oulu, Low-carbon hydrogen / thermocatalytic methane splitting, hycamite.com

7. Indalgo, University of Oulu, indalgo.com

8. Liquid Sun Oy, 2022, Tampere University, E-fuels / electrochemical CO₂ conversion, liquidsun.fi

9. Luxmet, University of Oulu, luxmet.fi

10. Neovolt Oy, LUT University, System optimization / hydrogen technology, neovolt.fi

11. PowerFactor Oy, LUT University, Electrical-machine maintenance / small hydropower automation

12. Q Power Oy, 2019, Natural Resources Institute Finland (Luke), E-methane / biological methanation, qpower.fi

13. Reduciner Oy, 2025, VTT, CO₂ utilization / CO-rich syngas and activated carbon, reduciner.com

14. SMART+IONS Oy, 2025, Tampere University + Aalto University, Manufacturing of fuel cells / electrolysers, smartpositiveions.com

15. Solar Foods Oy, 2017, VTT + LUT University, E-protein / Power-to-Food, solarfoods.com

16. Soletair Power Oy, 2016, LUT University + VTT, CO₂ capture and utilization / Power-to-X, soletairpower.fi

17. SpinDrive Oy, 2015, LUT University, Active magnetic bearing systems, spindrive.fi

18. Visedo Oy, LUT University, Heavy-duty electric and hybrid drivetrains

19. Weeefiner Oy, University of Jyväskylä, Water treatment / resource recovery, weeefiner.fi

20. Zero Hertz Systems Oy, LUT University, DC power networks

21. ZUN-H, University of Oulu, Solar hydrogen panels, zun-h.com