Though Finland was once known as the birth place of Nokia, world’s biggest phone manufacturer, the heritage is starting to deplete after the downfall of the company in the last few years with the company firing around 10, 000 employees worldwide. But not only that the government of Finland accepts it; they have also started to focus on the future strategies because they know that they can’t rely on just “one big giant force” for lifetime. Slush, which has now become Northern Europe’s largest start-up conference with 500 companies and 200 investors, has been a potential platform for many new start-ups. That’s why Finnish Prime Minister, Jyrki Katainen, was recently seen in the Slush conference wearing multicolored nail varnish as a promotion for the Finnish start up Ovelin. The Finnish government has thus decided to provide incentives as tax-deductions to the R&D sector of start-ups and investors as well.
Jolla has been one of the biggest highlights of the show and the upcoming talent has announced that their first Smartphone device will be carried by the Finland’s main networks after launch. Apart from Jolla, there are many other famous start-ups from Finland such as Rovio, Supercell and Ovelin.
While the Finnish Prime Minister still recalls the positive impact that Nokia had on their economy, some consider the Nokia’s downfall the best thing that could happen as it has opened doors for the new Start- ups to face challenges and showcase their talent to the world.
What’s your take on this?