Finland has a thriving startup ecosystem with a growing number of innovative companies and a supportive environment for entrepreneurship.
The country has become a hub for technology startups, particularly in the fields of gaming, mobile applications, and IoT.
In 2020, the Finnish startup ecosystem raised a total of €1.2 billion in funding, a significant increase from previous years.
Thriving Industries:
Technology and software development
Gaming and mobile applications
Healthtech and medtech
Cleantech and energy
Biggest Investors:
Inventure
Lifeline Ventures
KoppiCatch
360 Capital
Superhero Capital
Popular Startups:
Maria 01 - a technology campus and community in Helsinki, offering support and resources for startups.
Wolt - a food delivery service that operates in over 20 countries. Acquired by DoorDash in 2022.
Oura - a manufacturer of wearable health technology, specializing in sleep tracking.
Konecranes - a manufacturer of cranes and hoists for various industries.
Vainu - a B2B sales and marketing platform that provides data and insights to improve sales productivity.
Government Initiatives:
The Finnish government has launched a number of initiatives to support the growth of startups, including investment in research and development, funding for incubators and accelerators, and tax incentives for investors.
In addition, the government has established a number of programs and initiatives to help startups access international markets, such as the Finnish Startup Permit program, which provides a fast-track visa process for entrepreneurs and investors from outside the EU.