1. Finland, Public Policy and the Helsinki Spring Steve Blank www.steveblank.com Twitter: sgblank Slides: www.slideshare.net/sblank

2. Corporate Lifecycle, Innovation, Startups, Founders, Ecosystem

3. Corporate Lifecycle, Innovation, Startups, Founders, Ecosystem Why Should I Care?

4. Why Start New Companies in Finland?

5. Because Old Ones Die

6. Corporate Lifecyclesare Getting Shorter

7. Disruption Technology, Globalization, Regulation, Consumer Taste

8. Disruption Technology, Globalization, Regulation, Consumer Taste, Competition, etc.

9. Job Growth From Existing Companies will decline

10. Job Growth Will Come From New Companies

11. Job Growth Will Come From New Companies Startups

12. Entrepreneurs are Coming to Finland to Start Companies

13. First -What’s A Startup? Six Types of Startups

19. Total Available Market > €300m

20. Can grow to €50/yearScalable StartupBorn to Be Big

22. Needs “Risk capital”

24. Buyable Startup Search Sell Scalable Startup €3 to e0M Acquisition Goal is to solve for: Internet and Mobile Apps Sell to larger company

27. Partner

28. Acquire- IP- Talent - Product - Customers - Business

31. Partner

32. Acquire- IP- Talent - Product - Customers - Business

34. Social Enterprise: Profitable

36. Each of these startups require different Government Policies They Can Not Be Built the Same Way

37. Scalable Startups Will Provide the Highest Job Growth

38. Scalable Startups Will Provide the Highest Job Growth They Require an Ecosystem You Do Not Have

40. No funding

41. Building product

43. mentoring = experience

44. networking

45. shared office

46. small funding ~ €30K

47. limited time ~ 6 monthsIncubators Scalable Startup Ecosystem

49. searching for a business model

50. limited funding ~ €300K

51. mentoringIncubators Scalable Startup Ecosystem

53. Found a business Model

54. Scale

55. Multiple rounds of money

57. Capital Gains

58. Investment Incentives

59. Immigration

60. Cultural view of Risk and FailureAll actively discourage Scalable Startups Startup Ecosystem Challenges

62. Few are willing to change or criticize

63. Are on the wrong incentive system

64. Missing experienced startup entrepreneurs

66. Each of These Steps Must Require Risk For the Entrepreneur and For the Investor

67. Public Funding of Private Capital Does Not Work

68. Public Funding of Private Capital Does Not Work Each Party Needs to Have Equal Risk

69. The Goal of Public Funding Should be to Create a Private Capital Ecosystem

70. The Goal of Public Funding Should be to Create a Private Capital Ecosystem Fund and attract experienced Incubators & Venture Capital

71. What Is the One Vision of Sitra, Tekes, Aalto, Finnish Technology Industries?

72. Find It and Put YourselfOut of Business

73. Thank You