Genelec began operations to meet the needs of Finland's national public-broadcasting company YLE. YLE was building a new radio house in Pasila, Helsinki. Juhani Borenius, who worked for YLE as an acoustician, asked his friends at a postgraduate acoustics seminar if they could make an active monitoring speaker. Ilpo Martikainen and Topi Partanen had the first sample in two weeks. The prototype was promising enough to raise serious interest. In 1978, after two years of research and development, the company opened for business with their first speaker, the S30. The company moved immediately from Helsinki to Iisalmi, in the center of Finland. The first facilities were in Satamakatu, in the basement of an apartment building where Martikainen lived.