VTT LaunchPad is committed to develop fundable spin-off companies with great impact
VTT is a powerhouse of technology development and scientific research. Many of the most significant Finnish technology start-ups were brought to life at VTT. In VTT LaunchPad, we offer the teams a startup development path leading to successful spin-offs.
About VTT LaunchPad
VTT LaunchPad started its incubation operations in the fore year of 2019. Currently, we run the application once a year for internal VTT teams who wish to develop a spin-off venture based on their research and inventions.
In VTT LaunchPad, we apply the Lean Startup funding principles of reducing uncertainty one step at the time. This means that we tailor the incubator program according to the teams’ individual needs and current state of development. We emphasize getting the ventures close to customers as early as possible to create startups that serve the real customer need.
VTT LaunchPad's Ventures
The incubation program offers
- Up to a year of pre-seed funding for the teams, guided by the Lean Startup principles
- IPR support and development
- Active team development
- Entrepreneurial training and courses
- Mentoring, contacts to investors and other partners
To enter to the VTT LaunchPad, the business idea must
- Be built on VTT IPR that can be spun off.
- Show market potential and be scalable.
- Have a positive impact and benefit for society and the customer.
- Be built on demonstrated technology.
- Be run by a team that can develop to a fundable team.
At VTT, we also coordinate the twice-a-year applications for the Business Finland’s Research to Business funding.
In practice, this includes
- VTT wide screening of R2B teams in collaboration with business development and IPR teams
- Sparring to get the best possible applications
- Assistance in complementing the teams with external, accomplished commercialization expertise.
Ways of getting involved
We are constantly looking for individuals with proven track record of developing startups to international commercial success, who are interested in:
- Founding a science-based startup
- Joining a team as an entrepreneur
VTT LaunchPad benefits for an investor
- Early opportunities for interaction and investment.
- Early visibility into venture teams and tech trends.
- Science & research based new ventures with solid IPR.
- Exceptionally customer centric teams, proven customer need, problem-solution fit and customer commitment.
As a corporate partner
- you may be able to help with the productization
- be the early stage customer
- take part as an advisor of a Research to Business -project.
Meet our team
Lotta is the founder and manager of VTT LaunchPad with career long experience in strategic innovation in multiple new business creation environments in large international corporations. Lotta is firm believer of lean methodology, culture of trial and error and customer centeredness. Her vision is to develop and grow the VTT technology based spin-off pipeline to create fundable startups hungry for international growth.
Tiia-Maria works as a senior specialist at VTT LaunchPad. Her main roles are the communication and collaboration with the stakeholders and startup ecosystem, as well as, development of the mentoring program. She also supports Lotta in developing systematic practices for incubating research based spinoffs. She is the key contact in event and training organization for the VTT LaunchPad. Due to her previous career as a biomaterial researcher at VTT she understands the mindset of a scientist and is interested in supporting their mental shift to entrepreneurs.