2022 | StartupBlink View the Global Startup Map p. 100 Helsinki maintains its dominance nationally with a total score considerably higher than any other Finnish startup ecosystems. However, it’s good to see 2nd tier ecosystems have moved this year, closing the gap with the national leader. Oulu, now Finland's 2nd ranked startup ecosystem, advanced 137 spots globally to 195th. If sustained, this advancement may signal Finland's startup ecosystem to reach a new level of maturity. So far, Finland's startup scene has been characterized by concentrated entrepreneurial innovation in one city, Helsinki, with no other city reaching the global top 200. This year, for the first time, we see signs of a second Finnish city rising, and we hope Oulu continues this upward trend, giving Finland a second stable, strong ecosystem. Turku also continued to show positive momentum, climbing the national ranks and positioning itself as Finland's third startup ecosystem, as well as advancing into the global top 300. Due to the stellar momentum of these two cities, Tampere decreased in the Index to 4th nationally and 328th in the world. We would like to congratulate the three Finnish cities that have entered the Index this year: Lappeenranta (at 896th), Kuopio (at 925th), and Salo (at 927th). In the top 1000, Finland now has 9 cities as opposed to 6 last year, signaling both that entrepreneurial activity is accelerating in the country and that the startup scene is becoming less concentrated. Going forward, Finland should make sure that Helsinki, its top startup ecosystem, retains its positive momentum. Startup Ecosystem Overview Finland has a thriving startup ecosystem supported by key factors like the country’s location, access to sea routes with modernized ports, world-class technology, a talented workforce, and excellent R&D opportunities. The public sector in Finland offers many incentives and is generally supportive of startups. The government offers funding and services for innovative early-stage companies and supports universities in commercializing their ideas. For instance, the Finnish Startup Permit makes it possible for international growth entrepreneurs to build a startup company in Finland. The permit is meant for innovative startup founders coming from countries outside the European Union. In addition, the Finnish business environment is attractive to foreign investment. Finland has a vibrant ecosystem of accelerators, angel investors, and VCs backed by strong government support. In 2022, Finland was named the happiest country in the world for the 5th year in a row by the United Nations World Happiness Report. The Finnish society is generally stable and transparent, with a low level of bureaucracy. It should also be noted that one of the world’s biggest global startup events that involves tens of thousands of participants, Slush, is hosted in Finland, giving the nation’s rankings a boost. The country has consolidated its stake in gaming and has an increasing number of tech innovations aimed at developing this sector. In addition to a developed gaming industry (any Angry birds players here?