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According to a study by Tesi, the Finnish Startup Community, and the Finnish Venture Capital Association, the Finnish startup ecosystem continues to grow strongly, even though the rest of the economy is facing headwinds. Finnish startup-based companies already generate over EUR 12.5 billion in turnover and employ nearly 50,000 people.
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Balnord, an early-stage investor focused on the Baltic Sea region, has exceeded its €70 million fund target and is on track for a final close of €100 million by mid-2026. The fund targets companies advancing Europe’s technological reindustrialisation, focusing on space, healthcare, and industrial resilience.
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Finland will have its own pavilion at COP30, the world's largest climate event, showcasing Finnish expertise and innovative sustainable technology solutions for achieving carbon neutrality. The pavilion aims to strengthen Finland's reputation as a pioneer in climate solutions.
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The Technology Industries of Finland supports increasing the EU budget to address challenges such as security, innovation gaps, and global competitiveness. They emphasize that investments should focus on competitiveness and effectiveness to benefit Finnish export companies.
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Energy trading firm Gunvor Group has withdrawn its bid to acquire Russian oil giant Lukoil’s international operations, including Finnish oil company Teboil, after a warning from the U.S. Treasury Department.