Overview
Finnish Startup Ecosystem
The Finnish startup sector benefits from a robust network of venture capital funds. In early 2024, the Finnish venture firm Lifeline Ventures raised €150 million for its latest fund, focusing on early-stage tech and deep-tech ventures. Additionally, the Finnish Growth Fund Sitra announced the launch of a €200 million fund in late 2023, aimed at accelerating investments in sustainable technologies and innovative startups. In October 2023, the early-stage VC firm Nordic Ninja Capital closed its second fund with €75 million in commitments, highlighting the ongoing strength and support for emerging startups in Finland.
Finland is also a thriving center for international and local innovation initiatives. Major global companies like Google and Microsoft have established innovation centers in the country, reflecting Finland's appeal as a leading destination for technological development. In 2023, the Finnish government unveiled a €30 million initiative to bolster startup incubation and support across various high-tech sectors. Additionally, Aalto University launched a new innovation center focused on artificial intelligence and advanced technologies. With these strategic investments and initiatives, Finland is solidifying its position as a global leader in cutting-edge innovation and entrepreneurial success.
Sanna Marin, former Finnish Prime Minister.From cold winters to hot startups, Finland has shown that determination and innovation go hand in hand.
The Finnish startup scene, is a model of collaboration and innovation. Strong government support, diverse funding options, and top-notch educational entities foster an environment where entrepreneurs thrive. Looking ahead, the Finnish startup community is excited about the continued growth and evolution of this dynamic ecosystem. It’s not just about generating new ideas but also about helping startups expand and make a meaningful impact worldwide. With a resilient spirit and a dedication to nurturing an entrepreneurial mindset, Finland is poised to face upcoming challenges and seize opportunities, pushing towards a future where innovation has limitless potential.
Hubs & Co-working Spaces
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A Grid
A Grid, located at the center of Aalto University Campus, is one of Europe’s leading startup hubs. A Grid connects startups and founders with university resources, skilled students, advanced research, and modern facilities to help create future unicorns. Right now, about 150 companies are based at A Grid.Visit A Grid
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Maria01
Maria 01 is the leading startup campus in the Nordics. Mara01 provides a thriving environment for ambitious early-stage startups, renowned investors and VCs, large enterprises and other ecosystem organisations – all with the common goal of helping each other succeed.
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Helsinki XR Center
Helsinki XR Center is a leading XR hub in Europe that connects startups, industries, innovators, students, professionals and investors for co-creation, new business, and talent building.
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Terkko Health Hub
Terkko Health Hub is a community, a co-working space and an event venue focusing on health and life sciences entrepreneurship.
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Urban3
Urban3 serves as a platform for all kinds of events from visually amazing product launches and industry summits to smaller
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Finnish Virtual Reality Association
The purpose of the Finnish Virtual Reality Association (FIVR) is to advance virtual reality (VR) and augmented reality (AR) development and related activities in Finland. The association is for professionals and hobbyists of virtual reality. Our aim is to make Finland the best place in Europe to develop VR and AR.Visit FIVR