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Finnish Startup Scene 2010



Startup Crash Test
St. Petersburg
March 6th 2010


@rissanen
facebook.com/tommirissanen
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
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
THE ECOSYSTEM
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
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
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
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
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
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
Events

  Mobile Monday
  Arctic Evening
  Open Coffee
  Slush
  Mindtrek
  IGDA gatherings
  Aaltoes events


                    #sctpiter #sctest
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
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
TOMMI RISSANEN
  +358401645364
  TOMMI@RISSANEN.FI




                      @rissanen

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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

Notes de l'éditeur

  1. Language Gleb
  2. Social media digital ecosystems for 7 years in using tax money to help entrepreneurs thinking over consultancy -- transparency -- openness
  3. 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
  4. 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
  5. 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
  6. 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
  7. 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
  8. 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
  9. 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
  10. 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
  11. 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
  12. 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
  13. 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
  14. 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
  15. 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
  16. 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
  17. 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
  18. 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
  19. 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
  20. 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
  21. 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
  22. 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
  23. Two active guys started blogging about startups later events helped startups get financing read all over world
  24. 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
  25. 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
  26. 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
  27. 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
  28. 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
  29. 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