In the ever-changing Information and Communications Technologies sector, Finnish companies work at the cutting-edge when it comes to innovation, digital media, highly skilled work force and quality of enterprises' operating environments. Finland has a high availability of talented and qualified ICT engineers and other interesting opportunities. These include Finland's ICT market's proximity to Russia and the Baltic countries, easy access to public R&D funding and developer networks, potential test bed for new technologies and strong consumer demand for ICT products and services.
Years ago Finland was known mainly for its forest industry. Today, people mostly associate Finland with ICT.
High-end technology products accounted for 17.5 % of total exports in 2008, amounting to EUR 11.5 billion. In 2008, high tech imports reached nearly EUR 8.7 billion. This amount accounts for almost 14 % of Finland’s total imports.
In 2009 the export and import of high-end technology products shrank remarkably due to the global financial crisis. Nevertheless, the role of electronics and telecommunications equipment in Finland’s total export and import continues to be high. It is worth noting that the foreign trade of many high-tech product categories shrank less than Finland’s total foreign trade in 2009. Thus, it is evident that Finnish ICT companies continue to be significant actors in the global market place and offer a number of opportunities for international companies.
ICT solutions have been integrated effectively in the everyday life of Finnish people. The country's upcoming generations are comprised mainly of the so-called "digital-natives". Companies, homes and public institutions use information technology in various activities. For example, Finland is the leading country in the world in online banking usage. This development can also be seen in various other technological solutions.
In a few years Finland will be facing the emergence of the 'silver economy' (the ageing population). Silver economy is a term that is explained as the population structure that comprises a large group of people reaching the age of retirement at the same time. Finland is the ultimate test-bed market as it will be the one of the first countries to face the changes brought on by a rapidly ageing population. Thus, new opportunities for creative ICT companies will arise in this sector.
In Finland, customer companies can find partners that use the latest technology and innovative R&D. Many international companies locate their technological development laboratories in Finland. Finnish companies and institutions are leaders in the development of wireless and Web convergence. However, there is demand for expertise talent in specialty areas as there is a limited pool to draw from in such a small country.
InnoConnections can help you to bridge over to this extraordinary market.
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