European Tech Tour Names Nordic's Most Promising High Growth Technology Companies; Selected Companies Stand to Benefit From $10 Billion in Investment Capital

Helsinki, Tallinn, Estonia and Stockholm, June 15, 2010 (ots/PRNewswire) - - The European Tech Tour today announced the 30 selected companies of the Nordic Tech Tour 2010. The finalists represent the region's most promising, high-growth, early- and expansion-stage technology companies.

The 30 companies - all of them based or incubated in Denmark, Sweden, Finland, Norway, Iceland and Baltic countries - were chosen from a pool of over 500 companies. The selection was based on detailed reviews by the Nordic Tech Tour's Selection Committee in a four month process, comprising of 30 senior global venture capital and technology industry leaders.

The distribution of the selected companies is roughly 50-50 start-up and expansion stage companies, also indicating the main growth areas of software, media & internet and cleantech in technology segments. The reviews assessed the uniqueness of their technology, strength of their business model, market size and growth with go to market strategy, the quality of management team and international development potential.

"We were impressed by the amount of high quality innovations and companies identified in the Nordic's and Baltic's," said Jarkko Virtanen, president of the Nordic Tech Tour 2010. "The 30 selected finalists all represent their technology segment's innovation leadership locally with great potential to expand and grow internationally. This will have an effect on Europe's broader recovery in the high tech segment with innovation leadership, since 25% of Europe's high tech companies are located in the area."

And the selected companies are...

The Nordic Tech Tour 2010 finalists span several technology sectors, including new materials, semiconductors, nanotechnology, electrical devices, telecommunications & mobility, enterprise software, internet & media, IT system software, medical devices & IT and cleantech.

This is who they are and where they are from:
Company Location Company Location 2cureX Denmark PlusFourSix AB Sweden
Technologies Oy Finland QuestBack Norway
Beneq Oy Finland Regio (Reach-U) Estonia Canatu Finland Renewa Oy Finland
Cint AB Sweden Replisaurus Sweden ClimateWell AB Sweden Senseg Finland Confidex Ltd Finland Shark Solutions A/S Denmark Eniram Ltd Finland SmartOptics AS Norway
Sulake Corporation
Fortumo OÜ Estonia Oy Finland
IT2 Treasury
Solutions Denmark Supponor Finland Junglemap AS Norway TaxiPal Estonia Mendor Finland There Corporation Finland Microtask Ltd Finland Tobii Technology Sweden Nanoradio AB Sweden Zeropex Norway PhotoSolar A/S Denmark ZeroTurnaround OÜ Estonia

Nordic Tech Tour in three capitals

The Nordic Tech Tour 2010 is being held in Helsinki on June 15 and 16, followed by an evening event in Tallinn and the final day to be held on June 17 in Stockholm. During that time selected companies will have twenty minutes to present their business plans to 70 international delegates consisting of senior partners, vice presidents and CEOs from the global venture capital and technology industry, as well as advisors and academics. They will benefit from networking opportunities, local and international media exposure and opportunities to secure funding. There is over EUR10 billion worth of investment capital present at the Tour.

About the European Tech Tour

The European Tech Tour Association (ETT) was founded in Geneva in 1998 in response to the growing interest in emerging technology companies in various European regions. ETT is an independent, not-for-profit organisation composed of key contributors to the high technology industry. The Association recognises that continued prosperity in Europe lies in its ability to transform today's innovative projects into tomorrow's global technology leaders.

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Thanks to the Tech Tour sponsors for their generous support.

Rückfragen & Kontakt:

CONTACT: Media contacts: Jarkko Virtanen, President, Nordic Tech
Tour,+358-40-547-6945,; Laurian Harry,
MarketingCommunications Manager, European Tech Tour,