In 1997, Kaukomaa founded Blind Spot Pictures Oy as a production house to produce or co-produce feature-films for international markets. Blind Spot Pictures produced the film Iron Sky for Timo Vuorensola as a dark science fiction comedy about Nazis on the moon. They also had several features in development, including pre-production on Antti-Jussi Annila's werewolf inversion titled Human, and Iron Sky sequel Iron Sky: The Coming Race, financed through crowdfunding[5] on Indie GoGo,[6] on a script by American screenwriter Dalan Musson which had been released to over 1,000 fans for review and input.[7] In 2012, Iron Sky director Vuorensola joined as partner with the Kaukomaa's company.[8] As of 17 September, 2019, Blind Spot Pictures Oy declared bankruptcy.[9]
Kaukomaa is also Chairman of the Board of Iron Sky Universe Oy, the production company of Iron Sky: The Coming Race together with Timo Vuorensola, who is deputy member of the board.[10] On 5 November, 2019, Kaukomaa stated on the Iron Sky: The Coming Race crowdfunding campaign site that the company was facing financial difficulties and that fan Steelbook production was put on hold.[11]
Iron Sky Universe and Blind Spot Pictures bankruptcy
Blind Spot Pictures, the main production company for Iron Sky 2012 has been declared bankrupt since 17 September 2019.[12][13][14]
Iron Sky Universe have been filed for bankruptcy as reported by Finnish news on 13th of October 2020. This was also confirmed by Iron Sky Universe the same day. [15][16] Kaukomaa's partner, Timo Vuorensola also confirmed that Iron Sky Universe had been filed for bankruptcy, "The production company of Iron Sky, called Iron Sky Universe, one which I jointly set up with Tero, is going under."[17]
In 2012, Suomen Elokuvatuottajien Keskusliitto (The Central Organization of Finnish Film Producers), awarded Tero Kaukomaa with their 'Producer of the Year Award', "its highest honor" and praised him for his "extremely bold and innovative approach to financing and producing Iron Sky".[3]