The vibrant startup ecosystem of Finland

Finland's startup ecosystem has given birth to more than 10 unicorns, including Rovio Games (the creator of the Angry Birds franchise), Wolt (a food delivery technology company), and Supercell (which creates gaming experiences for tablets and touch devices). Most of these unicorns are headquartered in the capital city of Helsinki, which is the leading startup hub in the country. Oulu, Tampere, and Turku cities follow Helsinki. According to the StartupBlink report, both Helsinki and Oulu rank in the top 5 cities of Nordics.

Finland's innovative startups span a range of key industries, including gaming, bioeconomy, clean and smart technologies, health and wellbeing, ICT and digitalization, and travel and tourism. The country is renowned for its global success stories such as Nokia's mobile phone dominance, first heart rate monitor, blackbox at the planes, 5G, and Linux operating system. Additionally, Finland ranks amongst the world's top 10 most innovative countries. Finland is also highly committed to achieving UN sustainable development goals, and has achieved SDGs #1.

Business-friendly policies, a stable environment, and a society that is safe, transparent, and has relatively low levels of bureaucracy contribute to Finland's attractiveness for startups. People in Finland are highly educated, and the country has the best expertise in digital technologies, which have driven the startup ecosystem's success. Collaboration between startups, companies, and universities is also a key driver of Finland's startup success.