Posts Tagged ‘finland’

antti // 23.02.2009

EDITORIAL: The Nordic Startup Scene

The nordic startup scene has been growing nicely in the last few years. There is a lot of potential in the companies that have sprung up. The Nordic curse, at least here in Finland, has been that we innovate and patent many of those innovations, but fail to commercialise them. With the recent development in the startup scene I'm beginning to feel more hopeful.

It's usually not the problem of money. The Nordic countries have one of the best support systems to start a company. In may cases startups can ask for grants to start the company and to follow up on lowering R&D costs, there are organisations such as TEKES in Finland that help leverage the use of money. Depending on the program of TEKES, companies can usually receive grants of up to 70% of R&D costs.

If you think about it, one of the biggest problems with the startup culture in the Nordics is that we haven't got that many serial entrepreneurs that would teach and mentor the new entrepreneurs. Especially from the point of view that the same mistakes that can be avoided - should be avoided.

Companies such as Spotify have a solid background with serial entrepreneurs. The founders of Spotify have started other companies in the past, namely TradeDoubler. The Finnish serial entrepreneur Taneli Tikka, has been attached to several companies after selling his most famous company IRC-Galleria to Sulake, the company behind Habbo Hotel. Taneli is a common visitor in many of the startup gatherings that are organised and it's him that many people turn to in need of help.


Taneli sharing some valuable advice.

One of the reasons why ArcticStartup was founded back in 2007 was that I realised we need a movement to enable entrepreneurship on the grassroots level. Our focus is to overcome these obstacles behind starting companies - we want to network people and ideas so more new innovative companies can be created. One of the ways we are doing this is organising events across the region called ArcticEvenings. These events are held in the evenings in one of the local pubs, getting together entrepreneurs from near and far, listening to a panel and talks, having a drink while networking with people you might not have known before.  Our next event is held in Helsinki, but are looking to have one in Stockholm and St. Petersburg before summer.

Northern Europe might not have the strong history in entrepreneurship that is needed to have better chances of success, but the new generations are definitely showing that there's will and passion in commercialising new ideas. I'm extremely glad we can be a part of this and help entrepreneurs succeed.

Antti Vilpponen is the founder of ArcticStartup, a movement promoting entrepreneurship in the Nordics and Baltics. Antti is also a co-founder of Gyllene Skor, a digital agency located in Helsinki Finland.
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vt // 23.12.2008

Peter Vesterbacka: Tough times generate great opportunities @ LeWeb

Peter Vesterbacka is a serial entrepreneur from Finland who left HP two years ago with the intent to build further start-ups. Peter had already founded MobileMonday in 2000, a grass roots community for people in the mobile business that has grown into the world’s leading mobile community present in 70 cities around the globe. Peter is also the founder of ConnectedDay, a community site aimed at enriching the dialogue between professional daycare centres, parents and children. Furthermore, Peter co-founded Star Wreck Studios, that has been hugely successful with its first feature film production „Star Wreck: In the Pirkinning“, a film in Finish language with 8 million downloads. Peter has now created WreckAMovie.Com, a new service around fim production. Another new service is Zipiko – described by Peter as „a cool business model all around intention“. Zipiko works well on high-end mobiles and lets your friends know what you would like or are planning to do. Peter started working with Zipiko a while ago and finds „they have a great team and are definitely going to go places. If you know people’s intent, it’s hugely valuable for marketing purposes.“ Although there’s a lot of doom and gloom out there, Peter is positive that „this is the best time to start a company. It’s cheap and people will have lots of time to participate“. As an advice for start-ups, Peter points out: „I’m a big believer in ecosystem. Stand up, look around the ecosystem, ask yourself who your competitors are and with who you could partner with. That’s the best way to understand the big picture.“

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vt // 01.12.2008

“I started with failing” serial entrepreneur Taneli Tikka @ SLUSH

How does the Finish startup scene look like? The best way to find out is by speaking with one of its most active players, Taneli Tikka. Over the last ten years he founded 4 businesses himself, funded 10, became a board member of 13 (such as muxlim), was the CEO or COO of 7 (such as dopplr), managed 10 rounds of financing for a value of 15 Mill, sold three companies (one for 12,5 Mill in shares) and bought 1. Taneli Tikka is most known for IRC-Galleria, a very active social network which includes more than 70% of the Finish youth. His newest engagement is RunToShop, a product recommendation system. At his blog tane.li, he describes himself as a "serial entrepreneur and dealmaker with an active history of allround leadership and strategy work. Plus a reasonably laid-back yet opinionated dude." There he writes about startups of cause but especially about war stories, tabus, success and failure cases. To learn more about the Finish startup scene, just follow him on his blog. A lot of numbers and informations... besides that, Taneli always looks for great new investment oportunities.
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