Startups are aiming to become a key pillar of the Finnish economy.
With current progress, we are well on track to achieve this vision.
Insights into Finland's Thriving Startup Ecosystem
Startups in Finland grew rapidly between 2007-2021
- Annual revenue from €310M to €9.23B
- Number of startups from 177 to 1,932
- Number of startups in operation is growing slower than before.
- We expect the revenue growth to continue strongly in the future.
Startups drive the creation of highly productive new jobs for the economy.
- Employees from 3,600 to 32,000
- The number of employees in 2024 is estimated to be 36,000
We categorize startups into vintages based on the year they were founded. Young startups create jobs faster.
- Young: founded in 2015 or later
- Middle-aged: founded 2010-2014
- Old: founded before 2010.
- Each vintage employed approximately 10,000 workers in 2021.
The growth has been quickest in younger startups
Our chief economist has compiled more data about employment in Finnish startups.
We conduct a quarterly barometer survey to our members.
The survey captures Finnish Startup Community members’ sentiment on financial outlook, headcount changes, and the economic environment for the past and next three months. Results are summarized as balance figures (-100 to +100), with positive values indicating optimism.
