Research based startup-companies

The birth of research-based companies is part of the social impact of the university. Oulu University encourages its staff and students to participate in entrepreneurship and to utilize their know-how outside the academic world. Entrepreneurship gives rise to jobs, through which the transfer of new technology (research knowledge) takes place the most efficiently.

More than 60 research-based companies have been born from Oulu University in the last ten years. Part of them has been acknowledged internationally. Look at some examples below. You can find all our research-based companies here.


Cerenion developes a practical method for measuring the brain function of intensive care patients.


Chain Antimicrobials developes a medical device (catheter) for treating hospital-acquired infections. It got 2017 venture capital funding from Butterfly Ventures.  

Codenomicon has been awarded with many prizes since 2007. Company was acquired by Synopsys 2015.



IndoorAtlas developes indoor location service based on magnetic field. It raised large public attention when launching the service in summer 2013. In autumn 2014 the company got 10 M€ venture capital from Chinese biggest search company Baidu. In 2016 company got from European commission 2.2 million funding and 2017 got 3.6 M€ funding from Yahoo! Japan.



KNL Networks (formerly Kyynel) developes connection systems utilizing high frequence terrestial radio to e.g. shipping. It got 2016 10 million dollar venture capital funding.


Luxmet developes control systems for the steel and metal industries. Solutions enables the making of real-time measurements from high temperature metallurgical processes.


Meoline developes an analyzer to measure real-time heavy metal concentrations from industrial discharge waters. It was selected as winner of Kainuu Kasvu Open-competition 2016.


Sensmet developes micro-plasma optical emission spectroscopy technology for real-time multi-element analysis of process and environmental water samples.


Sapotech produces solutions to metal and energy industries with a special emphasis on high temperature processes.



SFTec's product, ModHeat, is a modular and mobile industrial dryer, which enables economical and efficient utilization of unused industrial waste heat to dry bioenergy materials. It won 2017 the competition aiming to create new working places.


TimeGate Instruments developes raman spectrometers with a technology suppressing fluorescence with 532 nm excitation.


Valossa Labs developes technique which understands the deep content data of videos. It got $2 million venture capital funding 2017 from lead European media investors.