MEX Finland ry receives Growth Engine status from Business Finland
On November 1st MEX Finland ry was awarded Growth Engine status from Business Finland. The decision came with a pledge to fund half of the Adaptive Industrial Loops (AIL) project until the end of 2021. The project involves at this stage fourteen companies with orchestration support from Synocus. Through AIL, the ecosystem aims to attain global leadership in seamless integration of product design, manufacturing, and end-user value creation processes.
The AIL initiative is looking to create new offerings and business models that effectively leverage digitalization and an ecosystem way of working. The central thesis is, that broad collaboration between different actors in the field is needed in order to reach real-time forward simulations and self-tuning capabilities that enable to constantly adjust activities based on changing business conditions. AIL adheres to sustainability requirements though circular thinking, which encourages reusability and resourcefulness in all value creation activities.
Growth Engine is a term used by Business Finland referring to cooperation networks, or ecosystems, that have the potential of creating new business activities that amount to over a billion euros. The ecosystems, like MEX Finland, are partnerships between companies, research organizations and public actors.
MEX Finland’s mission is to achieve leadership in advanced industrial equipment and processes and welcomes new members from business, government, and research organizations to join the transformation of manufacturing solutions.