Northern Edge: A cool platform to fly
by Mily Vázquez Harkivi
Venture Capital (VC) investment in a Finnish start-up is on average €745k. According to Kauppalehti, a business publication in Finland, local start-ups have become the most attractive in Europe, acquiring millions of euros in investment. Last year, they attracted €479M, of which 203M comes from VC. We’re witnessing a boom in the Finnish start-up ecosystem. Business Finland, NewCo Helsinki, and services like My Enterprise Finland help entrepreneurs establish and grow their companies.
In the neighboring Espoo (with a population of about 272k), the ecosystem is blossoming around Espoo Innovation Garden and Business Espoo. The Finnish ecosystem offers support during all stages of a start-up, from idea to growth, and beyond. Let’s check out some of the hottest organizations supporting start-ups and business development.
Inspiration is crucial when developing a business idea and for this purpose, the dynamic “Start-up Media” environment is a jewel. This hub of enthusiastic start-up professionals includes actors like Startup100, Arctic Startup, Helsinki Business Hub (HBH), Nordic Start-up Bits, and Start-up Digest. Beginner events are offered by entrepreneurship societies like AaltoES (Aalto Entrepreneurship Society), Aalto Ventures Program (AVP), (Helsinki) Founder Institute, Haaga- Helia StartUp School, Startup Sauna, Lean Startup Machine (Helsinki), and Turbiini Vantaa. In addition, there are many clubs like Start-up Founder 101 (Founder Institute) and Upgraded Life TALKS organized by the Finnish Health Startup Association HealthSPA.