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Lenzing AG one of the fundig bodies of Spinnova Oy

22.06.2015

Spinnova attracted €1,95 million in investments and won the Ministry of Employment and Economy's biorefinery competition in 2015.

Spinnova Ltd. has developed a technology which can be used to manufacture yarn directly from wood fibres without chemical process. This innovation is a significant, breakthroug technology, which can revolutionize both textile and forest industry and create new meaningful business activities.

The innovation is based on the spin-off of VTT Technical Research Centre of Finland Ltd and its developing fibre to yarn (F2Y) technology. The strategical goal of VTT is to generate new companies and businesses from their own technologies. VTT Ventures manages spin off-processes and -companies and is a subsidiary of VTT.

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