Scathing Review of Internationalisation Among Finnish Businesses From EU Report

The most damning thing I was reading today about the state of business affairs in Finland. Bad indicators in Finland on number of businesses started & going international.

EUFinlandReport2016

… 3.4 new companies per 1000 persons of the working-age population are created. This proportion is lower than the EU median……. Early-stage entrepreneurs in Finland are less internationally oriented and see their businesses as less innovative than early-stage entrepreneurs in most other EU Member States.

The info is from this EU Country Report Finland 2016.

The thing that I was so surprised to see in those two graphs is we are in this situation even though since 2009 there has been huge talk about entrepreneurship from politicians, policy makers etc and there has been big startup/business events like Slush, Nordic Business Forum, Arctic 15 etc.. I assumed there would be some positive affect of them in reality. Apparently not much.

Author: Venkata Gandikota

Venkata has more than 13 years of technical engineering, research, ideation, strategy and business modeling experience. Based on his experience with the Indian market and realizing also the need for affordable & sustainable solutions for Finland and other European markets, he started The Nordic Frugal Innovation Society in late 2013 with 2 colleagues. By organizing ideation workshops and 2 major conferences involving Cities, Universities, and businesses he started to mainstream the concept in Finland and the Nordics. Gandikota has also written several articles focusing on frugal innovations in the Finnish media. He has also been helping Finnish businesses in India as CEO of Indianeer Consulting and gives guest lectures at JAMK University of Applied Sciences in Jyväskylä. He has a Bachelors in Chemical Engineering from India and a Masters in Environmental Engineering from USA.