Vastuu Group
Real estate and construction sectors receive funding of over EUR 10 million for digital innovation
12/03/2018
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Suomen Tilaajavastuu (Vastuu Group)
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Business
Press release
Network plus person

Platform of Trust is one of the most important projects in the real estate and construction sectors. The project focuses on a data platform and ecosystem for codeveloping it. The project aims to create an improved built environment by using trustworthy data, and to enable the exporting platform economy industry with a sum of EUR 1.3 billion by 2023.

The ecosystem features a large group of significant real estate and construction sector operators, service providers, application developers and research partners that also supervise the development of the platform.

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Lars Albäck, CEO, Suomen Tilaajavastuu Oy (Vastuu Group)

Business Finland has just granted Platform of Trust Growth Engine funding of EUR 5 million for the international development of the platform. In the medium term, the platform will be expanded to cover all the fields of operations in the built environment, such as the energy and financial sectors, mobility as well as health care and welfare.

Platform of Trust is a data platform that enables efficient data sharing. The platform builds trust in data and its management. Functional flow of data enables business growth on top of it. We are cooperating with various other countries to build a marketplace for smart services and data in built environments on top of the platform.

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Lars Albäck, CEO, Suomen Tilaajavastuu Oy (Vastuu Group)

To ensure the rapid development of the real estate and construction sector through their own investments, the owners of Suomen Tilaajavastuu and sector associations will also make an investment in the platform and the ecosystem of EUR 5 million total. The funding for Platform of Trust is currently a total of more than EUR 10 million euros.

The real estate sector in Finland is about to take a big digi-leap with the codeveloped data platform. The greatest effect will be reached when we, as a community, manage to remove data from silos and mobilize it.

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Teemu Suila, Chairman, steering group of Platform of Trust, Kojamo Oyj

The Growth Engine of Business Finland is a program for cooperation networks that aim at new business activities amounting to more than EUR 1 billion. New partnership models between companies, research organisations and public actors strive to find solutions to global market disruption and create new growth sectors in our country. The funding amounted to a total of approx. EUR 30 million in 2018.

Further information

Lars Albäck

CEO, Suomen Tilaajavastuu Oy (Vastuu Group)
+358 40 503 3672
lars.alback@tilaajavastuu.fi

Vesa Ilmarinen

Project Leader, Platform of Trust
+358 40 508 6447
vesa.ilmarinen@oftrust.net