Olli Rehn, Ministeri of Economic Affairs, at the press conference, on 12 April 2016

1. Olli Rehn, Minister of Economic Affairs
12 April 2016
1
entrepreneurship package

2. Why is entrepreneurship needed?
2
72 110,000 10 billion
Tackling the
sustainability gap
More people
to work
Increasing the
employment rate
€%
Will not be accomplished without new and growing companies

3. 3
Employment rate
Goal
2019
+110,000
jobs
Further measures for improving employment
implemented in the budget discussions
Competitiveness
Pact
Growth and the
measures taken
Recently adopted additional
measures
Entrepreneurship package
Employment measures
Infrastructure projects

4. Microenterprises (1–9 people)
• Total number of companies in Finland ca. 283,000
4
Source: Statistics Finland 2014
share of all companies
Small
enterprises
(10–49 people)
Medium-sized
enterprises
(50–249 people)
Large enterprises
(250+ people)

5. Growth comes from small enterprises
Change in the number of companies and personnel in 2010–2013, %
Number of companies
Number of personnel
5–9
employees in
the company
10–49
employees in
the company
50–249
employees in
the company
250+
employees in
the company

6. Measures in the entrepreneurship
package
• Support for the self-employed
• Unemployment security to support the self-employed
• Innovation voucher and innovation bank
• Recruitment of foreign experts
• Residence permit based on start-up entrepreneurship
6
• Taxation
• Growth funding
• Deregulation and increasing competition
• Enhancing Team Finland services
ALREADY LAUNCHED NEW

7. Measures in the already launched
entrepreneurship package:
1. Making entrepreneurship and investing more profitable in
taxation. Entrepreneur deduction for unlisted companies.
Provision made from a company’s taxable income to promote
investments.
2. The funding position of companies is strengthened. Improving the
funding possibilities for growth-oriented SMEs. Utilising the
business and investment financing offered by the EU.
3. Increasing competition in the economy and reducing useless
regulations. For example, liberalisation of shops' opening hours
and the Act on Public Contracts.
4. Supporting the internationalisation of growth-oriented SMEs.
Guaranteeing one-stop Team Finland services. Aiming to attract
foreign investments.
7

8. GOVERNMENTOTHER
GROWTH FUNDING: ADDITIONAL INVESTMENT 2016–18
MEZZANINE
FUNDING
PROGRAMMES
SUPPORTING
GROWTH
FINNVERA
TEAM
FINLAND
Mezzanine
funding
ca. 300
TEKES
Commer-
cialisation of
research
findings
ca. 150
FUNDS
TEKES
45
TESI
Growth
fund III
Early stage
funding for
companies
Growth
program-
mes
EFSI FUNDING
DIRECT BUDGET
FUNDING
MEE
Investments in
renewable
energy, pilot
and demo
projects
100
FINNVERA'S ADDITIONAL AUTHORITY FOR EXPORT FINANCING 3–6 billion €
Cleantech
&
bioeconomy
€m
INST-
RUMENT
Strengthening the funding position of enterprises

9. 1. Support package for the self-employed
• The threshold for hiring the first employee will be lowered by
using a pay subsidy, start-up grant or some other incentive.
• A pilot will be carried out based on a survey.
9

10. 2. Self-employed – reforms to
unemployment security
10
• Based on a survey, changes will be
prepared to the unemployment
security system in order to encourage
people to full-time or part-time self-
employment.
• Different forms of working will be
taken into account and flexible
transitions from an entrepreneur to an
employee – and vice versa – will be
made possible.

11. 3. Innovation voucher
• An innovation and service
voucher will be introduced by
carrying out a pilot based on a
survey.
• The voucher will enable the
SMEs to choose the expert
services they require with
increased freedom and agility.
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12. 4. Innovation bank
• An innovation bank will be
established to accelerate the
utilisation and
commercialisation of
innovations and patents.
• The creators of research-
based ideas and users of
new solutions will be brought
together.
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13. 5. Streamlining the recruitment of
foreign experts
• The bottlenecks for the permission
processes for recruiting foreign
experts will be determined and
legislation will be adjusted to allow
more streamlined recruitment of
employees.
• Particular attention will be paid to
start-up companies which attract
experts also based on things other
than a substantial salary.
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14. 6. Granting residence permit
based on start-up entrepreneurship
• Granting a residence permit based on start-up entrepreneurship
will be made possible, regardless of the company type.
• Starting a company in Finland will be made as easy for foreign
founder entrepreneurs as for Finns also in other areas.
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15. 7. Utilisation of genome data
• The growth strategy of the health
sector and the measures of the
genome strategy will solve health
care challenges.
• Prevention of national diseases will
be improved and more investments
and top research will be attracted
to Finland.
• A genome and cancer centre will
be established and the operations
of public biobanks will be unified.
15

16. 16
Already launched measures for the
competitiveness spearhead project:
New measures for the
competitiveness spearhead
project:
Taxation
Growth funding
Enhancing
Team Finland
services
Deregulation
and increasing
competition
Support package for the
self-employed
Self-employed
- reforms to social security
Innovation voucher
Innovation bank
Streamlining the
recritment of foreign
experts
Granting residence permit
based on start-up
entrepreneurship
National genome strategy