Finland's bid to win Europe's start-up crown
Summary
Finland is working on making the largest start-up area in Europe, named Maria 01. It's being built to give a place for new and growing tech companies to work and share ideas.Key Facts
- Finland is building a large area for start-ups called Maria 01. "Start-ups" are new, small companies.
- This area is being set up on an old hospital site of 20,000 square meters (think of it as 3 soccer fields together).
- There are already about 240 start-ups working in the existing area.
- Maria 01 is partly funded by the city of Helsinki. The city has donated over €6m ($6.7m; £5.2m) since 2016.
- The plan is to become the biggest start-up area in Europe by 2028 with the addition of three new buildings.
- A new program to help fast-growing start-ups is planned to start later this year.
- Finland has already created 12 successful businesses, each worth a billion dollars or more, including game makers and a food delivery platform.
- Finland's start-up ecosystem was ranked the 7th best in western Europe and 14th in the world last year. This system includes support from the government and universities.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.