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Posted by on Dec 15, 2012 in Companies | 0 comments

The fall of Nokia created a new wave of startups in Finland

The fall of Nokia created a new wave of startups in Finland

(Cc) flickr Roo Reynolds

Understanding the philosophy of the Nordic countries is not simple. With ancient cultures and levels of success hard to find in other western states, to think that something like what happens with the company logo of can be good, it’s almost sarcastic, but, how to understand that, as an entrepreneur Finn says “some people even say that the current decline of is the best thing that ever happened to this country because we are challenged to come up with new ways to have a basis for our welfare. “

These statements paint a little the current landscape of the country grew and became famous in the world of technology and telecommunications with Nokia, a company that for years he reigned in merado mobile devices, but today is a enrucijada that should burn their latest plans and strategies, could lead to a sad and lonely end.

But what about Finland if the flagship company of the country falls to his knees and does not rise more? Slush The conference, held in the city of Helsinki shows that even in the worst moments you can find opportunities for success.

More than 500 companies and investors gathered in this fifth edition of Slush, with the goal of finding the next prodigal son of the Nordic countries. And not very far to find it.

Rovio, one of the leading exponents worldwide success of the games for phones and tablets with their angry is the spearhead of a new generation of “Eagles” intended to display the flag of the Finnish Poderia world market.

Slush The conference was created just for the marketing manager of Rovio, Peter Vesterbacka, who estimates that after the debacle began and subsequent layoffs at Nokia, more than 200 new companies were born in Finland in the hands of former employees of the telephone .

But it also involved the Nordic idiosyncrasies we said, sometimes it is as complex as the East, since the very Nokia, after laying off more than 10,000 people, of which 40% consisted its local workforce, initiated programs training and guidance to help these former employees qualified to create their own businesses and startups.

Even, already known for several based in the country began receiving funds from Silicon Valley. For state and Prime Minister Jyrki Katainen, confidence and enthusiasm is palpable and will recognize the importance of in its economic future.

This is why we have begun to monitor and encourage these entrepreneurs with tax breaks and incentives for research and product development, to regain the positive impact you have had Nokia in Finland’s economy, which in 2000 came to bring you 4% of its GDP, a figure that barely reached 0.5% last year.

As some entrepreneurs say, “we must seize the moment and leave the shade of the big tree in a forest Nokia was very small.”

Link: Nokia finnish startup boom sparks decline (BBC News)

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