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Qmarkets Platform to Fuel Innovation at Vapo Group – One of Europe’s Most Innovative Bioenergy Companies

Vapo Group has announced the successful company-wide implementation of Qmarkets’ innovation management software. The decision resulted from Vapo Group’s need to harmonize working processes across multiple departments, break down communication barriers, and incentivize employees to contribute their ideas.

Jyväskylä, Finland, September 3rd, 2018 – Vapo Group, a major producer of environmentally-friendly energy solutions, has selected the flex edition of Qmarkets’ Q-ideate platform to crowdsource ideas from their employees. The platform will engage up to 1000 employees spread across Finland, Sweden, and Estonia.

Vapo Group is committed to delivering sustainable solutions to meet the evolving challenges posed by climate change, urbanisation, and pollution.

The company – which becomes Qmarkets’ first Finnish customer – reported an annual turnover of 419.8 million euros in 2017. However, because idea management was being handled manually in an inconsistent way across different departments, it was decided that using a digital innovation platform could harmonize collaboration and allow employees to work seamlessly across borders.

After evaluating a variety of innovation management systems, Vapo Group launched a pilot of Qmarkets’ Q-ideate platform in April, 2018.

Mia Suominen, Business Area Director of Vapo.

“We needed a platform that we would be able to modify to suit our unique requirements as time went on.” Said Mia Suominen, Business area Director of Vapo.

“Qmarkets’ flex edition idea management product is the perfect solution, allowing us to quickly and easily make changes whenever we want through their user friendly self-admin tool”.

Vapo Group plans to use the Qmarkets platform to manage open innovation campaigns in the near future, gathering input and ideas from their customer base and partners. “It’s awesome to see another company with such a commitment to environmental wellbeing and renewable energy using our platform.” said Michael Stilger, Qmarkets’ Co-founder. “It will be very exciting to see the results of this project.”

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About Vapo Group

Founded as a firewood company in 1940, Vapo Group is a major provider of renewable biofuels – producing heat, electricity and steam from wood chips and pellets, as well as energy peats. The company also incorporates Kekkilä Group, which is a leading European provider of fertilizers and other growing substrates.

The ethos of Vapo Group is rooted in the Northern peoples’ close relationship with nature and its raw materials. They are committed to using bioenergy methods to boost healthy food production, reduce pollution, deliver efficient heat solutions, as well as protect fresh water sources. Vapo Group’s efficient strategies for meeting these basic needs has yielded major returns. From May 1st 2017 to April 30th 2018, they achieved 419.8 Million EUR.

Currently, Vapo Group is launching a variety of new business ventures to achieve growth in Finland, Sweden, Estonia and beyond. These ventures also include a variety of scientific initiatives, such as an effort to produce active carbons of peat.

Having also recently streamlined its supply chain and innovation management setup, Vapo Group continues to grow from strength to strength in Northern Europe and beyond.

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About Qmarkets

As an established leader on the idea and innovation management landscape, Qmarkets has developed a reputation over the last 10 years for delivering the most comprehensive crowdsourcing software solutions in the world. Recognized by leading analysts such as Gartner, Forrester, and Info-tech, Qmarkets offers unmatched technical and design flexibility to their extensive list of leading global clients; including Nestle, Ford, Lufthansa, Ab InBev, Phillip Morris International, UniCredit, and many more.

Qmarkets’ software offering extends beyond innovation management to include products focusing on process improvement, continuous improvement and operational excellence; open innovation with customers and business partners; technology scouting for enterprise M&A opportunities; and digital employee engagement.

For press inquiries please contact:

Mr. Elliott Wilkins

Marketing Manager, Qmarkets

elliott.wilkins@Qmarkets.net

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