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FINLAND –

A TECH SUPERPOWERDr Jukka HolappaCommercial CounsellorCountry Head13.6.2018

BUSINESS FINLAND’S GLOBAL NETWORK

Silicon ValleyStamfordWashington DC

Mexico CityLimaRio de JaneiroSao PaoloSantiago de Chile

HelsinkiyStockholmOsloCopenhagenSt. PetersburgMoscowWarsawBrusselsLondonMunichViennaBucharestMadridIstanbul

LagosAbujaNairobiJohannesburg

AlmatiNew DelhiDubaiRyiadh

BeijingShanghaiTaipeiGuangzhouSeoulTokyo

Ho Chi MinhKuala LumpurJakarta

40 locationsglobally and 20 in Finland

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*The World Economic Forum, Global Competitiveness Report 2014-2017

FINLAND – THE MOSTINNOVATIVE AND EDUCATED

COUNTRY IN THE WORLD*

Why Finland? # 1 Innovative Country # 1 Educated Nation# 1 Digital Country# 1 Trust Society# 2 Start-up ecosystem# 1 Best Governed Country # 1 Sustainable Country# 1 Safest Country# 1 Cyber Cleanest Country

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Finland – The best location for Foreign Direct Investment in EU*

• One of the lowest corporate tax rates in Europe: only 20 %

• The only Nordic country with the Euro

• Highly skilled brainpower at a very competitive cost

• Fastest flight connections between Europe and Asia

*Copenhagen Economics study commissioned by European Commission, 2016

Solid innovation platform

• Finland: world’s biggest contributor per capita to global innovation (ITIF 2016)

• Vibrant start-up scene, Silicon Valley inspired business culture

• Strong innovation funding • Efficient research collaboration

between research institutes, corporations and startups

• Nation of early adopters, a perfect test-bed for global solutions

• Excellent language skills. 90 % of people under 30 speaks English

19.6.2018 © Finpro 7Slus

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Welcome to Finland

• Well educated Self-driven, creative problem solvers. Finns boost productivity with new innovations

• Foreign direct Investments welcome

• Strong innovation support by government

• World class technology ecosystems. Brainpower for service and product innovation

Finland accelerates business growth

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Global giants have already recognized the groundbreaking possibilities in Finland

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INVESTED IN FINLAND

INVEST INFINLAND

CONNECTIVITY AND DATA MANAGEMENT

ANALYTICS APPLICATIONS

Strong Ecosystem at Each Essential Sub-Sector of IoT

DATA ACQUISITION

Note that the logos are web links. View the slide show in presentation mode in order to click them.

Device design

Human-machineinteraction

Service creation

Embedded SW development

Internet technology

Sensor technologies

Standardization

Information Security

RF design

Advanced vertical industries

The range of Finnish expertise in IoT extends from silicon to cloud Core Expertise in Fundamental Technologies

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PFM, ASSET/WELTH MANAGEMENT FINANCIAL MANAGEMENT

PAYMENT TECHNOLOGIES

BLOCKCHAIN, CRYPTO CURRENCY

AUTENTHICATION AND SECURITYRISK, TRADING, FUNDING, M&A

BANKS, INSTITUTIONS, FUNDS

INSURANCE

REGULATION, FEDERATIONS ACCELERATORS, INCUBATORS, VCRESEARCH, EDUCATION

FINTECHS

Fintechs and Smart Finance in Finland

Digital Baltic Sea

• Digitalization will transform marine industry in near future and give a powerful push towards new innovations. The early adopters will get clear benefits simply by being the first ones on the market

• ONE SEA is a high-profile ecosystem with a primary aim to lead the way towards an operating autonomous maritime ecosystem in the Baltic Sea by 2025.

• Co-creation ecosystem OneSea seeks global partners to join the leading research co-creation ecosystem.

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Datacenters• Waste heat recovery and re-use

• Waste heat produced by datacenters is a sellable asset• District heating systems (up to 20 % reduction in O PEX as reported by Yandex)

• Symbiotic relations with suitable industries

• Income from backup energy infrastructure• Backup energy systems can be used to stabilize the power grid against intermittent

disturbances

• Diplomatic safe harbor for data outside home country• A service provided by SSH Communications Oyj: Encrypted and tunneled connection from

customers own servers to Finnish territory• Requirements:

• Trusted hosting country with favorable legislation• Guaranteed physical security• State of art protection for:

• data-at-rest• data-in-use

• data-in-transit

• Access to data only by the customer from home country

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Usable Data

Encryptedbits

Digital borderline

Zalando• Zalando tech hub in Finland established Aug 2015• Full-stack and mobile developers, user experience

specialists, data scientists, and product owners• Co-operation with innovative start-ups and academia

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Innovation Funding• Business Finland Innovation funding for large corporations: https://w w w .businessfin land.fi/en/for-finnish-

custom ers/services/funding/large-com panies/research-developm ent-and-piloting/

• What is funded:• Develop the product or service• Test and demonstrate functionality through a pilot• Creating new knowledge and competencies

• Funding levels• Loans: For large companies the loan accounts for 50% of total project costs at a maximum, interest

rate 1%• Grant for research and creation of new knowledge: For large companies the grant accounts for 40%

of total project costs at a maximum. Large companies must spend at least 40% of total project costs to acquire services from SMEs or research organisations, or the project must be carried out as a genuine joint project with SMEs and research groups.

• Funding decisions per project i.e. project plan required for decision making

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THANK YOU