Noccela accelerates international growth with Business Finland

According to Finnish Commerce Federation the shrinkage from shoplifting in Finland alone is around 500 million euros annually. Patented IoT solution using real-time indoor positioning is used to tackle the problem while helping retailers to increase revenues and customer experience.

Noccela is one of the few carefully selected start-ups and growth companies accepted to the Business Finland Young Innovative Companies (YIC) growth program. The program boosts new innovative Finnish companies to grow faster at international markets. Total funding a company can receive for fast growth during the 3-year program is 1,25 million euros.

“We were able to successfully open international markets in Germany and Sweden with the help ofBusiness Finland Tempo program at the autumn of 2018. We feel very honoured to be selected to the next growth program. Shoplifting is a huge problem all over the Europe and we have the cure. We are also very excited of the great results which our customers have achieved by improving both the revenue and the shopping experience” concludes Tapani Talvitie, chairman of the board of Noccela.

”Noccela has a commercially proven proprietary solution for preventing shoplifting with an upselling option as a sales assistant. Business Finland ́s YIC Program, which is focused to boost the international growth of the most promising Finnish start-ups, is proud to have Noccela onboard andeager to see the company reach its full potential” says Senior Adviser Pekka Suomela from BusinessFinland.

Noccela provides turn-key solution which is easy to deploy and suits broadly for the different branches of retail sector.

Smart solutions for retailers – 100% developed and manufactured in Finland

More information:

Tapani Talvitie
Funding, Business Development
tel. +358 50 5188 466

Pekka Suomela
Senior Adviser
tel. +358 50 395 2791

Noccela Ltd

For the first time retailers now know exactly where their goods are moving. Noccela has developed unique IoT solution to prevent shoplifting with proven success rate of 99,5%. At the same time clever real-time sales opportunity notifications are increasing store revenues and shopping experience. The multi-awarded solution has been protected with several patents. Customers include fore-running European retail chains such as Stadium, Intersport and Jack & Jones.

Business Finland

At Business Finland, we fund and help Finnish companies grow quicker and develop their innovations to become global success stories. Business Finland services can support during the different stages of internationalization by helping the companies in finding new partners and experts all around the world.