Industry Investment – 15th anniversary in 2010
Finnish Industry Investment Ltd started its operations on 1st August 1995. Industry Investment’s mission is to promote and stimulate Finnish business, employment and economic growth through capital investment using the company’s international networks.
- Investments at the end of the year totalled MEUR 603.
- The company was an investor, directly and through funds, in altogether 439 companies.
- The Finnish Government increased the company’s capital by MEUR 150. Of this, MEUR 100 will be used for the new three-year financing programme for stabilisation, in which Industry Investment invests in companies facing temporary financial difficulties caused by the recession. MEUR 50 was allocated to investments in FoF Growth.
- A Government Resolution amended the general guidelines for Industry Investment’s operations in the financing programme for stabilisation.
- In the corporate image survey stakeholders rated confidentiality of cooperation, expertise and social responsibility as the best strengths of Industry Investment.
- Personnel totalled 23 at the end of the year.
- Investments at the end of the year amounted to MEUR 560.
- The company was an investor, directly and through funds, in 438 companies.
- Industry Investment co-established FoF Growth, which invests in private equity funds that invest in growth companies, together with Finnish pension organisations.
- Personnel totalled 22 at the end of the year.
- Investments at the end of the year totalled MEUR 460.
- The company was an investor, directly and through funds, in 438 companies.
- Amended legislation empowered Industry Investment to invest in foreign companies and funds when their operations directly or indirectly promote economic development in Finland.
- Personnel totalled 18 at the end of the year.
- Investments at the end of the year totalled MEUR 334.
- Industry Investment posts its best result to date: consolidated profit for the financial year was MEUR 51.5.
- The company was an investor, directly and through funds, in 440 companies.
- Industry Investment launched the mining finance programme.
- Investments focused on the energy & environment and services sectors.
- Personnel totalled 17 at the end of the year.
- Industry Investment celebrated its 10th anniversary.
- Investments at the end of the year amounted to MEUR 326.
- The company was an investor, directly and through funds, in 420 companies.
- Industry Investment established Start Fund I Ky for the seed financing programme.
- Personnel totalled 16 at the end of the year.
 Guests arriving at Industry Investment’s 10th anniversary celebration held in Finlandia Hall. |
- Investments at the end of the year totalled MEUR 282.
- Industry Investment launched the three-year seed financing programme, in which the company invested in early-stage Finnish growth companies.
- Industry Investment acquired the capital stock of Start Fund of Kera Oy from Finnvera, and the fund’s investments were transferred to Industry Investment.
- Personnel totalled 12 at the end of the year.
- Investments at the end of the year totalled MEUR 298.
- The Finnish Government increased Industry Investment’s capital by MEUR 42.
- The main areas of focus were venture capital for early-stage companies, development of regional investment, and venture capital for the biotech and mining sectors.
- Personnel totalled 8 at the end of the year.
- Investments at the end of the year amounted to MEUR 254.
- Industry Investment moved to offices at Kalevankatu 9 A, Helsinki.
- Personnel totalled 7 at the end of the year.
 Industry Investment’s offices in Kalevankatu Street, Helsinki. |
- Investments at the end of the year totalled MEUR 202.
- The company was an investor, directly and through funds, in 318 companies.
- The Finnish Government increased Industry Investment’s capital by MEUR 42.
- Personnel totalled 7 at the end of the year.
- Investments at the end of the year totalled FIM 996 million (MEUR 167).
- The Finnish Government increased Industry Investment’s capital by FIM 500 million (MEUR 84.2).
- As a result of a legislative amendment, Industry Investment continues to actively invest in private equity and venture capital funds, and to strengthen its role in direct investments. Industry Investment also continues to target capital in fund investments at companies in the seed and growth phases. Direct investments are targeted mainly at new major projects in companies and at both sectoral and corporate restructurings.
- Personnel totalled 5 at the end of the year.
- Investments at the end of the year amounted to FIM 771 million (MEUR 129.7).
- Personnel totalled 5 at the end of the year.
- Investments at the end of the year altogether FIM 500 million (MEUR 84.2).
- The Finnish government increased Industry Investment’s capital by FIM 205 million (MEUR 34.5).
- Industry Investment acquired a 66.6% holding in Start Fund of Kera. The arrangement was a part of the Ministry of Trade and Industry’s special state funding initiative, via which the government’s private equity and venture capital investment was centralised in Industry Investment.
- Personnel totalled 6 at the end of the year.
- Investments at the end of the year amounted to FIM 303 million (MEUR 51).
- The Finnish Government increased Industry Investment’s capital by FIM 80 (MEUR 13.5).
- Industry Investment founded the Technology Fund in cooperation with Sitra (Finnish National Fund for Research and Development). The fund’s objective was to improve the growth prospects of Finnish technology start-ups and to accelerate their internationalisation. The Technology Fund later became Eqvitec Partners.
- Personnel totalled 5 at the end of the year.
- Investments at the end of the year totalled FIM 130 million (MEUR 21.8).
- Industry Investment moved its offices to Erottajankatu 7 A, Helsinki.
- Personnel totalled 5 at the end of the year.
1995
- Industry Investment was established on 15th February 1995, and it started operating on 1st August 1995 at the address Kaivokatu 8, Helsinki.
- The company defined its mission: to promote innovative entrepreneurship, to improve Finnish companies’ prospects for growth and internationalisation, and to develop Finland’s industrial structure and private equity & venture capital sector.
- The company’s capital, accrued from the proceeds of the privatisation of state-owned companies, was FIM 320 million (MEUR 53.8).
- Personnel totalled 2 at the end of the year.
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