We are very happy for the status as one of the best countries in the world for startup entrepreneurs. Especially the amount of angel activity in proportion to GDP.
Finland and FiBAN has again had the privilege to receive flattering acknowledgement this time at the annual European Business Angels Network’s (EBAN) Congress in Dublin, Ireland. We are very happy for the status as one of the best countries in the world for startup entrepreneurs. Especially the amount of angel activity in proportion to GDP was noticed, where Finland and Estonia achieved the top two rankings (the news was tweeted among others by the President of Estonia, Mr. Ilves). Finland also had the privilege to have Mr. Jari Ovaskainen, first investor in Supercell, awarded the “European Business Angel of The Year”.
We have indeed been working hard for the ecosystem of startups in Finland. Gladly, FiBAN has also been noticed both on the international and national level. The tax incitement that came in to force in May last year was the first result of our lobbying efforts. Since then we have been in deep and fruitful cooperation with the state and the public institutions in a number of important issues. In recent time we have had the honor to be involved in the evaluation and strategic planning of Finnish Industry Investment Ltd, we have commented the new law for Tekes and Tekes Venture Capital Ltd and we have been asked to give our opinion about future crowd funding legislation and the tax competition within Europe in respect to the US.
The last two weeks have offered even better highlights in terms of FiBAN’s role regarding the opinion making and public administration in Finland. As managing director of FiBAN I was invited to parliaments committee of economic affairs to give an experts view on funding of small unlisted companies. The discussion was mainly about crowd funding, but also business angel activity was thoroughly covered and I feel that the parliamentarians now have a deeper view on what we are doing.
If not the most important in terms of decision making, at least the most glamorous was visiting the President of the Republic on Finland. The President invited the board and the management of FiBAN for a private chat about what FiBAN, business angels and other involved in our field are doing for the growth, jobs and future in Finland. We had a great discussion about personal involvement and the meaning of taking a personal stand and some personal risk. An invitation was handed to the President to also take part at our EBAN Helsinki business angel conference in November.
The government of Finland have proven to be deeply engaged in supporting the startup community and we are happy to continue our private efforts in one of the best countries for startup entrepreneurship in the world.
Wishing you all a great midsummer and summer vacation,
Jan D. Oker-Blom
Managing Director of FiBAN
FiBAN's news about startup investing.