What is new in the Finnish technology industry?



The Finnish gaming scene has exploded in the past few years. Companies such as Rovio and Supercell have completely taken the mobile app gaming sector by storm. Backed by the government, investment into the sector is pouring in. Even new and existing degree programs centered around game development have emerged to support the expanding mobile gaming sector. Cooperation and a willingness to try something different are key aspect which allows the companies to thrive in a highly dynamic and competitive sector. Currently, Finnish companies are in the spotlight for their innovative approach to managing their businesses from the top-down while creating some of the highest grossing mobile games ever.


Technical knowhow and reliance on technological innovation are key factors for Finland’s success. Finns have a good ‘can do’- attitude in addition to extensive technical skills and knowledge, which are augmented by Finland’s excellent educational system.


When considering the implications of climate change and the responsibility of businesses to address it, a Finnish company Lifa Air, started a joint-venture with a Chinese company to tackle China’s pollution issues. Lifa Air’s innovative indoor air purification system produces clean air in a cost-effective manner and is perfectly poised to tackle the Chinese market. The system can be monitored and controlled via a mobile app. Indeed, the demand for these types of technological innovations is expected to give a boost to Finland’s economy in the near future due to increase in global demand.


Finns are also known for developing popular and top-grossing applications. A few Finnish companies have taken upon themselves to create applications that minimize food waste. The idea is that users of the application can purchase low cost leftover meals from restaurants that would otherwise go directly to the bin. This cuts down on food and garbage waste, brings the restaurants more revenue, and is cheaper for the customer. Companies like Lunchie and ResQ have developed such applications and are now planning on extending their businesses abroad.


The next big thing from Finland might be printed smart technology. This would mean printing different electronic components and eventually molding the sheets into usable electronic components. When it comes to the printed high-tech sector, Finns have pioneering information. This kind of innovation could be the next turning point for Finnish technology industry and it could see a huge demand globally.


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The Finnish export



Finland’s economics are mostly based on services and in the future Finland should invest on exporting these services. The rise in Finnish economics comes mainly from service sector. According to OECD statistics 56% of export increment value comes from services. That number is bigger than the global average but it doesn’t tell the whole story. IT services are the most known export product from Finland where the technological knowledge is on a very high level. There are many well know companies from Finland which have taken over the global IT markets, few to mention Supercell and F-Secure.


Even though the Finnish export has been down lately it gets higher only by taking action. There seems to be rise in international economic situation which could help Finnish economics get to a higher level by exporting and marketing. We believe that it’s important to invest on marketing. When taking over the global markets the company should know the customers and culture of the target country. It’s also important to invest on marketing in the right way.


– Smart Investments –



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The Finnish dilemma

Finnish companies have made numerous high-quality products, some of which have made excellent success abroad: Nokia, Kone and Rovio to name a few. We strongly believe that Finnish companies have some amazing concepts and products that could do well abroad which have proven their worth in the Finnish market.

We believe Finnish people have potential in selling. There are so many great products and services on the market right now. These companies are waiting for their international breakthrough and looking for a chance to expand to foreign markets. Expanding to a foreign country without contacts can be very difficult, and without the knowledge of local laws, customs and the local culture, the chance of failure is high.


According to Tulli, Finnish customs, Finnish exports in January 2016 went down 10% compared to January 2015. The Finnish economy has traditionally relied on exports, and Finland has struggled to fill the GDP decrease created by their quick decrease.

Even in the midst of these news, some companies have still managed to succeed and increase their sales. Usually these companies have a presence abroad. We want to globalize more products and increase their presence worldwide, and strengthen Finland’s country brand. Together, we can do it.

Here’s hoping for a great rest of the year.

Smart Investments Team