COMPANY BACKGROUND

Established in 2004, Canatu is a spin-off from the Helsinki University of Technology. Founding partners include four leading senior scientists from materials, characterization and aerosol technologies originating from Finland, the USA, Russia and China.

In 2007, Canatu partnered with Sitra, the Finnish Innovation Fund, to prepare Canatu for seed financing. By December 2007, Canatu secured seed funding to commercialize its core technology. The first round of financing came from angel investor Ari Ahola of Infosto Research and Developement Oy. In spring 2008 Canatu recruited it's first employees and in summer 2008 established the 1.75 million Euro Tekes (www.tekes.fi) E-Bud project. Canatu is currently scaling its production and deposition methods for its targeted commercial products.