Finnish Startup Scene 2010
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The document summarizes the Finnish startup scene in 2010. It notes that 80% of startups were located in the Helsinki area and that the ecosystem had developed rapidly in the previous 5 years. Universities were becoming more active in entrepreneurship while financing remained a bottleneck. Few Finnish startups had achieved international success stories and public organizations still played a large role in the ecosystem. The document also discusses some paradoxes around entrepreneurship in Finland and highlights some notable startups, events, and insights at the time.
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Finnish Startup Scene 2010
- 1. Finnish Startup Scene 2010 Startup Crash Test St. Petersburg March 6th 2010 @rissanen facebook.com/tommirissanen
- 2. WHO AND WHAT? Emerging media technology explorer Partner at Digital Media Finland Previously deeply involved in media startup support in several regional development organizations @rissanen #sctpiter #sctest
- 3. FINNISH STARTUP-ECOSYSTEM 80 % Helsinki area Has developed very fast in the past 5 years Incubators changing roles Startups very active in networking themselves Universities becoming active Financing is the bottle neck Few international success stories Public organizations still have a big role
- 5. REGIONAL DEVELOPMENT TECHNOPOLIS AGENCIES FINNISH MOBILE TEKES ASSOCIATION GOVERNMENT LARGE COMPANIES VERA- ARCTIC STARTUP HAAGA- VENTURE VENTURE HELIA CAPITALISTS STARTUPS SWEAT- AALTO EQUITY ENTREPRENEURSHIP VC’S SOCIETY BUSINESS ANGELS HUB CONSULTANTS HELSINKI
- 6. The Entrepreneurial paradoxes in Finland Finnish people are among the most innovative in the World But entrepreneurship is not an acceptable career choice The government supports entrepreneurship in various ways But taxation of companies is severe @rissanen #sctpiter #sctest
- 7. Arctic Startup Blog initiated by entrepreneurs p.com/ www.arcticstartu “TechCrunch of the http:// Nordic countries” The engine of Finnish startup scene Have helped a number of startups raise money Now a business
- 8. Aalto Entrepreneurship Society Aalto University combines tech, om/ s.c business and art ht tp://aaltoe There are very few businesses coming from Universities AES aims in increasing entrepreneurship in Aalto University
- 9. Kisko Ventures Example of business driven venture activity es.com/ http://k iskoventur “Tech-based boutique investor” Investing sometimes money but mostly experience and early stage technology development
- 10. Finnish Mobile Association Finnish mobile company ecosystem b.com/ p://w ww.finnmo Information, htt Involvement, Influence, Internationalization, Investments Joining large and small companies together
- 11. Events Mobile Monday Arctic Evening Open Coffee Slush Mindtrek IGDA gatherings Aaltoes events #sctpiter #sctest
- 12. Successful, rising and interesting companies Scred LinkoTec Sulake Everyplay XihaLife Fruugo Severa Hitlantis Dopplr (Acquired by Heiaheia (po Russkij) Nokia) Remedy Floobs (gone) eat.fi Jaiku (Acquired by Sofanatics Google) TVkaista (FIN only) Muxlim Balancion (FIN only) Blyk @rissanen #sctpiter #sctest
- 13. Insights Finnish success stories get bought or stay domestic The new generation is bold and active Open collaboration (ecosystem thinking)between startups is happening, no results (yet) Public money is not smart and there is not much private money There are Venture Angels with little money but lots of experience emerging @rissanen #sctpiter #sctest
- 14. TOMMI RISSANEN +358401645364 TOMMI@RISSANEN.FI @rissanen
Editor's Notes
- Language Gleb
- Social media digital ecosystems for 7 years in using tax money to help entrepreneurs thinking over consultancy -- transparency -- openness
- Helsinki dominates despite of the recession, strong development fewer incubators, they are not interesting academic entrpreneurship lowest in the world -- picking up very little vc money, careful investors few successes public money available, but mostly paying for consultants, not financing companies
- startups - arctic universities and colleges big companies not very interested - or dont have tools financing sector looking for opportunities, not sure how public organizations hover around and make projects Tekes has money, hundreds of millions -- Nobody really understands how the business environment is changing -- Internet in 1990’s, Social media in 2000’s
- startups - arctic universities and colleges big companies not very interested - or dont have tools financing sector looking for opportunities, not sure how public organizations hover around and make projects Tekes has money, hundreds of millions -- Nobody really understands how the business environment is changing -- Internet in 1990’s, Social media in 2000’s
- startups - arctic universities and colleges big companies not very interested - or dont have tools financing sector looking for opportunities, not sure how public organizations hover around and make projects Tekes has money, hundreds of millions -- Nobody really understands how the business environment is changing -- Internet in 1990’s, Social media in 2000’s
- startups - arctic universities and colleges big companies not very interested - or dont have tools financing sector looking for opportunities, not sure how public organizations hover around and make projects Tekes has money, hundreds of millions -- Nobody really understands how the business environment is changing -- Internet in 1990’s, Social media in 2000’s
- startups - arctic universities and colleges big companies not very interested - or dont have tools financing sector looking for opportunities, not sure how public organizations hover around and make projects Tekes has money, hundreds of millions -- Nobody really understands how the business environment is changing -- Internet in 1990’s, Social media in 2000’s
- startups - arctic universities and colleges big companies not very interested - or dont have tools financing sector looking for opportunities, not sure how public organizations hover around and make projects Tekes has money, hundreds of millions -- Nobody really understands how the business environment is changing -- Internet in 1990’s, Social media in 2000’s
- startups - arctic universities and colleges big companies not very interested - or dont have tools financing sector looking for opportunities, not sure how public organizations hover around and make projects Tekes has money, hundreds of millions -- Nobody really understands how the business environment is changing -- Internet in 1990’s, Social media in 2000’s
- startups - arctic universities and colleges big companies not very interested - or dont have tools financing sector looking for opportunities, not sure how public organizations hover around and make projects Tekes has money, hundreds of millions -- Nobody really understands how the business environment is changing -- Internet in 1990’s, Social media in 2000’s
- startups - arctic universities and colleges big companies not very interested - or dont have tools financing sector looking for opportunities, not sure how public organizations hover around and make projects Tekes has money, hundreds of millions -- Nobody really understands how the business environment is changing -- Internet in 1990’s, Social media in 2000’s
- startups - arctic universities and colleges big companies not very interested - or dont have tools financing sector looking for opportunities, not sure how public organizations hover around and make projects Tekes has money, hundreds of millions -- Nobody really understands how the business environment is changing -- Internet in 1990’s, Social media in 2000’s
- startups - arctic universities and colleges big companies not very interested - or dont have tools financing sector looking for opportunities, not sure how public organizations hover around and make projects Tekes has money, hundreds of millions -- Nobody really understands how the business environment is changing -- Internet in 1990’s, Social media in 2000’s
- startups - arctic universities and colleges big companies not very interested - or dont have tools financing sector looking for opportunities, not sure how public organizations hover around and make projects Tekes has money, hundreds of millions -- Nobody really understands how the business environment is changing -- Internet in 1990’s, Social media in 2000’s
- startups - arctic universities and colleges big companies not very interested - or dont have tools financing sector looking for opportunities, not sure how public organizations hover around and make projects Tekes has money, hundreds of millions -- Nobody really understands how the business environment is changing -- Internet in 1990’s, Social media in 2000’s
- startups - arctic universities and colleges big companies not very interested - or dont have tools financing sector looking for opportunities, not sure how public organizations hover around and make projects Tekes has money, hundreds of millions -- Nobody really understands how the business environment is changing -- Internet in 1990’s, Social media in 2000’s
- startups - arctic universities and colleges big companies not very interested - or dont have tools financing sector looking for opportunities, not sure how public organizations hover around and make projects Tekes has money, hundreds of millions -- Nobody really understands how the business environment is changing -- Internet in 1990’s, Social media in 2000’s
- startups - arctic universities and colleges big companies not very interested - or dont have tools financing sector looking for opportunities, not sure how public organizations hover around and make projects Tekes has money, hundreds of millions -- Nobody really understands how the business environment is changing -- Internet in 1990’s, Social media in 2000’s
- startups - arctic universities and colleges big companies not very interested - or dont have tools financing sector looking for opportunities, not sure how public organizations hover around and make projects Tekes has money, hundreds of millions -- Nobody really understands how the business environment is changing -- Internet in 1990’s, Social media in 2000’s
- startups - arctic universities and colleges big companies not very interested - or dont have tools financing sector looking for opportunities, not sure how public organizations hover around and make projects Tekes has money, hundreds of millions -- Nobody really understands how the business environment is changing -- Internet in 1990’s, Social media in 2000’s
- changing slowly if you have a company, you are out of the social security system we lack the courage to put all our money in
- Two active guys started blogging about startups later events helped startups get financing read all over world
- Newcomer, some 2 years old also active guys from the university doing their thing very important role in proving that entrepreneurship is cool earlier a rockstar or a big company, now for some own business, freedom and money
- There are a number of this kind of companies investing a little bit money but mostly helping companies - for shares - with their expertise - Kisko also helping with early stage tech development
- one year old roots in Mobile Monday, begun from Helsinki, now all over world From Nokia to small startups Very good networks to Israel and Silicon Valley Taking companies to Mobile World Congress and South by Southwest
- Arctic - big thing in Finland - Siberia... Arctic evenings maybe 4-6 a year in all nordic countries open coffee about once a month, informan gathering Slush once a year, by startups for startups -- if you can make it in dark and slush, you can make it anywhere Mindtrek for 10 years in Tampere Igda for a long time, Neogames
- Scred - microfinancing Sulake - habbo and irc-gallery Xiha - multilingual social network Severa - Project management system, free for 1 Dopplr - travel logging Floobs - videochannel Jaiku - twitter Muxlim - largest muslim social network Blyk - free operator for young people Linkotec - Managing media bw phone and laptop Everyplay - social casual gaming fruugo - global internet shopping hitlantis - social music for indie bands heiaheia - sports logging remedy - max payne, alan wake eat.fi - restaurant recommendations Sofanatics - watching sports alone with friends tvkaista - recording/watching tv over broadband balancion - managing bank information
- it is a long way to millions from Finland young people are not the same as us old farts - or the finns you think you know collaboration, honesty, openness Financing the biggest obstacle being fast the second largest new breed is sharing experiences