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Espoo As a Digital Launch Pad Espoo As a Digital Launch Pad Digital Entrepreneurship Monitor Espoo as a digital launch pad Espoo as a digital launch pad © Tero Sivula/Shutterstock.com The city of Espoo is today regarded as one of the high-tech hot-spots of Europe. The city was long heavily dependent on a limited number of technology flagship companies: Espoo was synonymous to Nokia. Hence, when Nokia’s situation became tougher, Espoo had to face a major challenge: how to cope with a massive wave high-skilled, unemployed technology experts. This crisis was turned into new opportunities by Espoo, by creating a vibrant start up ecosystem. For example, Slush, Europe's leading startup event, originates from Aalto University of Technology. Today, Espoo is entrepreneurship and entrepreneurship is Espoo. Nokia’s initiative to turn layoffs into The aim of this collaborative action 1 new opportunities was notably to survey the skill and recruitment requirements of The city of Espoo and Nokia along companies in the metropolitan area with the national government and Problem statement in order to provide advice and education providers have developed trainings to Nokia’s laid off collaborative strategies to ease A European high-tech hot-shop employees. Nokia’s strain and to turn it into The city of Espoo is regarded as one Finland’s benefit. The success of the initiative is of the high-tech hot-spots of Europe. illustrated by the high number of In 2011, Nokia launched the “Bridge The city benefits from strong former Nokia employees who found programme” which aimed to provide innovative roots deeply linked with new career paths and employment new career opportunities to its laid- the history of Aalto University and opportunities thanks to the program. off employees.3 the headquarters of large companies Despite Nokia shock, Espoo remains such as Nokia. The Bridge programme led to the vibrant place for digital innovation creation of about 1,000 business Nokia is major contributor to Finnish start-ups by former Nokia workers Despite the Nokia crisis, the city of economy who benefitted from the Espoo managed to preserve its Nokia plays a major role in the entrepreneurship programs and the technology-driven prosperity. digital economy of Espoo. During its investments made by Nokia to The phenomenal success of the peak, this Finnish multinational (re)train its former labour force. company and the rapidity of its company employed more than Public support complements Nokia’s decline act as powerful reminders of 23,000 workers in Finland and efforts to re-employ laid-off workers the negative impacts and knock-on accounted for ca. 4 % of the Finnish effects likely to result from a digital GDP.1 The engagement of the city of Espoo disruption. was reflected by the creation of the Layoffs at Nokia are a big challenge “Task force for the structural change Over the past 10 years the vibrant on the national and local level in the Metropolitan area”.4 start-up community in Espoo has Over the past decade, the series of been extremely active. Lately this This network-based collaboration layoffs at Nokia and the acquisition digital start-up community has model gathered companies, of Nokia’s mobile phone business by highly contributed to the digital educational institutions and career Microsoft have left the city of Espoo transformation processes of local planning services. with a surplus of tech workers. traditional companies. 14,000 ICT professionals (14%) out The concentration of tech workers of the approximately 100,000 ICT- Mass layoffs and the innovation and workers in the country, have been of Nokia in Finland entrepreneurship spirit drove Espoo affected by the mass layoffs of Nokia. to a supreme burst of digital A large majority these layoffs took Out of 100,000 ICT-workers transformation. place in Espoo.2 in Finland, 14,000 were affected by the layoffs 2 Espoo as a digital launchpad Digitalisation has also reached the public service in Espoo 2 The development of a digital economy has increased the wealth Realised benefits generation capacity of the city of Espoo. Consequently, this led to the and new creation of improved public services opportunities for the city residents. The city of Espoo has increasingly Abundance of highly skilled, laid-off involving local tech companies and workers attract foreign companies students to develop innovative digital solutions to tackle local The crisis of Nokia brought new societal or environmental opportunities to Espoo. Foreign tech challenges. companies struggling to find highly skilled developers and engineers Aalto University focuses exclusively moved to Espoo to benefit from the on the skill-demand of businesses skilled workers made redundant by The creation of Aalto University and Nokia. the recent strengthening of its digital Continuing investments in Espoo competence form part of the further strengthen digital workforce academic strategy to meet the needs of the quickly digitizing economy in Leading global companies, such as Espoo. Google, Microsoft and most recently the Chinese tech company Huawei Aalto University announced the and the Russian Yandex, have launch of a project to study the engaged in direct investments in opportunities and impacts of Finland. digitalisation, robotics, the platform economy, and the energy revolution. The attractiveness of the city of Espoo for new Foreign Direct These strategic projects received Investments (FDIs), for start-ups and over EUR 13 million of funding from for major companies has increased the Academy of Finland's Strategic the amount of digital jobs and Research Council (STN).6 business tax revenues in Espoo. They will enable the creation of With this background, it is estimated targeted policy solutions to that the population of Espoo grows accelerate the digital transformation by 24% within the next 20 years. 5 of Finnish industries. Espoo’s strong digital ecosystem “Aalto University is phenomena of its enabled the instant recovery own; combining technology, business, The Nokia case and the new art and science under the one roof” opportunities which resulted from – Micke Paqvalen, CEO of Kiosked the generation of highly skilled ICT professionals served as a prime evidence for the benefits arising from the creation of a digital ecosystem in Espoo. As a result, an increasing number of traditional businesses in Espoo are engaging in a digital transformation processes. This digital shift of which was carried out by start-ups and traditional businesses in Espoo has revitalised the local economic fabric. © SFIO CRACHO/Shutterstock.com 3 Espoo as a digital launchpad Aalto University is a birthplace of Local businesses are largely focused innovative potential in Espoo on the high-tech industry 3 The University of Aalto is the “heart” Espoo’s local industry with its huge and centre of the digital ecosystem amount of high-tech firms is the Drivers and in Espoo. The university started main driver of the digital ecosystem operating in 2010 as a result of the in Espoo. merger of the Helsinki School of obstacles The presence of the headquarters of Economics, the University of large companies, such as Nokia, Technology and the University of Art Key stakeholders Kone, Fortum, and Neste and various and Design. The City of Espoo actively fosters an market leading tech companies, like enabling ecosystem The creation of the new Aalto Kiosked and Rovio had a university has reinforced Espoo’s considerable impact in the digital The Economic and Business reputation regarding research transformation processes of the city Development of the city of Espoo excellence and innovation. Its of Espoo. acts as a facilitator in the digital establishment was well received The existence of huge amount of ecosystem. For this, the local across local businesses and brought software companies, the university government has launched numerous renewed interest in industry- as well as the start-up sauna have initiatives such as the Espoo academia collaboration. Innovation Garden. influenced the boom of the software Aalto University has embraced the and gaming industry over the last By following these initiatives, the added value of industry-academia years. city intends to provide the required collaboration conditions for startups and firms to Intermediary organisations fuel the form networks as well as to create The recent nomination of the former digital transformation of Espoo Nokia employee Henry Tirri as collaborative platforms between Intermediary organisations are the “Executive in Residence at Aalto local stakeholders (businesses, the cornerstones for the change of mind- University” reflects the institution’s public sector, universities etc.) and set towards innovation and digital commitment to better integrate the the citizens. transformation. academic and business domains.7 The creation of new incubators and His role is to strengthen the digital “Digital ecosystem should foster the accelerators are mainly privately-led competence, which will definitely dialogue between large and small initiatives which proved essential to have a broader impact on society firms in the city.” - foster open innovation and digital and on the digital transformation of Taina Tukiainen, Aalto University entrepreneurship in the city. local businesses. The excellent reputation of Espoo in the software, gaming and health sectors is attracting different types of talents from all around. Key initiatives Creation of the biggest digital ecosystem in Northern Europe The Espoo Innovation Garden is poised to shape Espoo as Europe’s digital star. The Keilaniemi- Otaniemi-Tapiola area is situated at the heart of the Espoo Innovation Garden and has become the largest innovation hub in Northern Europe. The area connects businesses, firms and Aalto University with the Technical Research Centre of Finland (VTT). “In Espoo, we have moved from closed to an open innovation” - Tuula Antola, City of Espoo © Rawpixel.com/Shutterstock.com 4 Espoo as a digital launchpad “We, as a city, are a matchmaker Aalto is also a forerunner in the The Startup Sauna, a student between people, capabilities, talents digital transformation of local and operated accelerator and skills.
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