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KSUM Inks Pact with Business Finland to Boost Startup Ecosystems

In Business
December 04, 2023

Kerala Startup Mission (KSUM) is set to associate with Business Finland to bolster the ecosystems of nascent firms in India and the Scandinavian country.

KSUM signed a memorandum of understanding with the Finnish governmental organisation, seeking to support and maintain regular contact for mutual exchange of information and knowledge related to the startup ecosystems in both countries.

The pact, which was signed at Helsinki this week, will serve as a vital link fostering mutual innovation and market access within the ecosystems. Creating a robust startup bridge, collaborative opportunities and growth prospects across diverse domains, the strategic alliance was cemented at the November 30-December 1 ‘SLUSH 2023’ in the Finnish capital, conceived as a founder-focused event.

KSUM sent a delegation of top-tier startups to SLUSH 2023, amid efforts to explore the possibilities of collaboration on various initiatives which can have a direct impact on skilling, research, startups, investment and business development. Serving as a platform to showcase one’s innovations to the world, connect with investors and gain expert insights, the high-profile event saw the participation of 13,000 creative minds, including 5,000 startups and 3,000 investors besides 300 media representatives.

Kerala Finland Innovation Corridor, which is the collaboration platform being established under the MoU, will function as a bridge to accomplish the various initiatives by both organisations. These go beyond startup acceleration to efforts such as research co-operation, joint events, and communication and marketing. A KSUM volunteer exchanged the MoU with Business Finland Senior Director Laura Lindeman.

As per the agreement, both parties will hold webinars, seminars and conferences to promote those events. Also, the two will facilitate and provide support in terms of visits, programmes and activities, for which detailed modalities will be worked out after mutual discussions.

Business Finland, under the country’s Ministry of Employment and the Economy, has been working for six years towards attracting trade, tourism and foreign investment while also providing funds for innovation. KSUM is the state government’s nodal agency established in 2006 for entrepreneurship development and incubation.

SLUSH 2023, while bringing the global startup ecosystem under one roof, saw speakers from across the globe addressing delegates. Simultaneously, the two-day event facilitated unique networking opportunities with hundreds of side events.