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

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

9. Job Growth From Existing Companies willDecline

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. Entrepreneurs are Coming to Finland to Start Companies Helsinki Spring

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

20. Total Available Market > €300m

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

23. Needs “Risk capital”

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

28. Partner

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

32. Partner

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

35. Social Enterprise: Profitable

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

38. Scalable Startups Will Provide the Highest Job Growth

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

41. No funding

42. Building product

44. mentoring = experience

45. networking

46. shared office

47. small funding ~ €30K

48. limited time ~ 6 monthsIncubators Scalable Startup Ecosystem

50. searching for a business model

51. limited funding ~ €300K

52. mentoringIncubators Scalable Startup Ecosystem

54. Found a business Model

55. Scale

56. Multiple rounds of money

58. Capital Gains

59. Investment Incentives

60. Immigration

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

63. Consultants are paid with Tekesmoney

64. Few are willing to change or criticize

65. All are on the wrong incentive system

66. Equity not cash

67. Missing experienced startup entrepreneurs

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

70. Public Funding of Private Capital Does Not Work

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

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

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

74. ChallengeWhat Is the One Vision of Sitra, Tekes, Aalto, Finnish Technology Industries?

75. Find It and Put Public Funding for Innovation Out of Business

76. Thank You