Russian Nanocentre Invests in Flexbright´s innovate Finnish Technology

Vibrant new Finnish start-up company Flexbright Ltd – which aims to revolutionise the world of lighting thanks to its ultra-thin LED light foils – has received an important investment from the Nanotechnologies and Nanomaterials Centre of the Republic of Mordovia (NNCRM), which is part of the Russian-wide Fund for Infrastructure and Educational Programs (FIEP Rusnano).

Founded only in 2013, Flexbright has already developed one of the most innovative products in lighting: LEDFOIL, in collaboration with the Technical Research Centre of Finland. The exciting new technology is based on R2R mass production capacity, massive lighting power, IoT capabilities, low energy consumption and most importantly of all, an ultra-thin flexible construction that is less than one millimetre thick.

The applications for this brand new lighting system are almost infinite: from industrial to commercial to domestic. As a result, this genuinely ground-breaking product has attracted significant Russian investment designed to take it to the next level.

Pekka Makkonen, managing director of Flexbright said: “We are delighted to receive investment from FIEP Rusnano. This investment truly demonstrates the commercial potential of not only our innovative product, but also the entire LED market. Our product LEDFOIL, can be used in a number of different industries from aerospace right through to interior design. With the lighting market being worth over €60 billion, we are very much looking forward to working with FIEP Rusnano to further develop our products in future.”

Ruslan Titov, managing director of FIEP Rusnano added: “This deal shows our commitment to both Flexbright and the new technology that the company is developing in the field of printed electronics. We believe that our investment is the most efficient way to transfer technologies through the development of a range of applications for the Russian market.”

Dmitry Krakhin, general director of NNCRM commented: “Mordovia has traditionally been the centre of the lighting industry in Russia and we have been closely following the technology from Flexbright for some time now. Together with Flexbright we are looking to develop a joint Research and Development Centre for flexible lighting technologies which will also focus on the development of supporting technologies and application designs for the commercial market.”

Atte Varsta, commercial director of Flexbright, concluded. “Our LEDFOIL technology is truly unique and we believe that working with the Technical Research Centre of Finland and NNCRM is going to help our development and bring growth to the Oulu region of Northern Finland. We hope to inspire more Finnish start-up companies and other technological entrepreneurs, by setting an example of what can be achieved.”

Flexbright Ltd is a Finnish start-up company specialised in developing and producing LED lighting foils with intelligent capabilities. The company aims to develop fast-growing international R2R printed technology and smart lighting markets. More information can be found on: www.flexbright.fi

The Fund for Infrastructure and Educational Programmes was founded during the reorganisation of the Russian Corporation of Nanotechnologies in 2010. The Fund for Infrastructure and Educational Programs primarily focuses its activity in nanotechnology infrastructure development, including implementation of educational and infrastructure programmes launched by ROSNANO. The highest governing body of the Fund is its Supervisory Council chaired by Deputy Minister of Education and Science of the Russian Federation Dmitry Livanov. In accordance with the charter of the Fund, the council determines priorities for the Fund’s activities, establishes its strategies, and sets its budget. The Management Committee is the Fund’s collegial executive body. It is chaired by the Chairman of the Executive Board of RUSNANO MC LLC Anatoly Chubais. Andrey Svinarenko is CEO of the Fund for Infrastructure and Educational Programs.

The Nanotechnology and Nanomaterials Centre of the Republic of Mordovia (NNCRM) is the 12th Nano centre established by FIEP Rusnano. The mission of the Nano centre is to commercialise innovative technologies, create startups and develop them into successful high-tech business ventures. NNCRM’s portfolio includes more than 30 startups within the centre’s focus areas including: power electronics, modern lighting engineering, instrumentation technology, construction, and nanomaterials.

At the VTT press event:
Kimmo Keränen (VTT), Atte Varsta (Flexbright Ltd), Dmitry Krakhin (NNCRM) and Pekka Makkonen (FlexbrightLtd)
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For more information, please contact:

Flexbright Ltd
Managing Director Pekka Makkonen
pekka.makkonen@flexbright.fi
+358 50 523 9481
Flexbright Ltd
Commercial Director Atte Varsta
atte.varsta@flexbright.fi
+358 50 5319536
NNCRM / FIEP Rusnano
NNCRM General Director Dmitry Krakhin
krakhin@cnnrm.ru
+79093288555

 

Flexbright Ltd is a Finnish start-up company specialised in developing and producing LED lighting foils with intelligent capabilities. The company aims to develop fast-growing international R2R printed technology and smart lighting markets. More information can be found on: www.flexbright.fi

The Fund for Infrastructure and Educational Programmes was founded during the reorganisation of the Russian Corporation of Nanotechnologies in 2010. The Fund for Infrastructure and Educational Programs primarily focuses its activity in nanotechnology infrastructure development, including implementation of educational and infrastructure programmes launched by ROSNANO. The highest governing body of the Fund is its Supervisory Council chaired by Deputy Minister of Education and Science of the Russian Federation Dmitry Livanov. In accordance with the charter of the Fund, the council determines priorities for the Fund’s activities, establishes its strategies, and sets its budget. The Management Committee is the Fund’s collegial executive body. It is chaired by the Chairman of the Executive Board of RUSNANO MC LLC Anatoly Chubais. Andrey Svinarenko is CEO of the Fund for Infrastructure and Educational Programs.

The Nanotechnology and Nanomaterials Centre of the Republic of Mordovia (NNCRM) is the 12th Nano centre established by FIEP Rusnano. The mission of the Nano centre is to commercialise innovative technologies, create startups and develop them into successful high-tech business ventures. NNCRM’s portfolio includes more than 30 startups within the centre’s focus areas including: power electronics, modern lighting engineering, instrumentation technology, construction, and nanomaterials.

At the VTT press event: Kimmo Keränen (VTT), Atte Varsta (Flexbright Ltd), Dmitry Krakhin (NNCRM) and Pekka Makkonen (FlexbrightLtd)
Funding from

Printocent | VTT, Kaitoväylä 1, 90571 Oulu, Finland

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