Helsinki, Finland’s capital, has been ranked the first in local connectedness among investors, founders, and experts. Over 500 tech startups are operating in Helsinki. It’s a big number for a city of Helsinki’s size.
In 2019 Business Finland provided innovation funding 168 million euros for Finnish startup companies. The purpose of these startup grants is to help and encourage new businesses and promote employment.
The grant provides a secure income during the period of getting the business up and running. It can be given for the company for one year. Startup grant consists of a basic grant, which amounts to EUR 33.78 a day.
In 2019, there were 292,377 businesses operating in Finland. Companies in Finland employ over 1.5 million people. Also, 93% of companies are micro-enterprises, employing less than 10 people.
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