11.05.2016

Finpro and Angels Unleashed help launch “Finland First” business accelerator program

Finland First is a business accelerator program aimed at helping Finnish startups in the IOT, Fintech and Smart Cities sectors to get a foothold in the UK and India. The program is operated by UK-based Angels Unleashed and Finpro has contributed to defining the program operating model.

Startups in the fields of IOT (Internet of Things), Fintech (finance sector ICT including insurance) and Smart Cities (ICT solutions for managing a city’s assets) with a level of maturity, capable team and a product applicable for the target markets of the UK and India can apply to the program now.

The companies are taken through a process of defining their strategy, market entry plan and business model, piloting in the target market and finally signing first commercial deals in the UK or India. Angels Unleashed runs the Finland First program.

“Business accelerators can have a significant impact on the internationalization of Finnish growth companies. The business accelerator process decreases the risk in entering a new market and speeds up the process of signing those first commercial contracts. Funding for growing the business can be applied for through the business accelerator program. The operating model for the program has been defined by Finpro and the business accelerator together,” explains Marko Vänskä, Head of Industry, Growth Capital, Finpro.

“We are very excited to be working with Finnish startups to expand to new international markets. We can bring unique insight in our knowledge of and our established networks in the UK and Indian markets. Upon completion of the program the start-ups will be introduced to key international contacts where they will form relationships and establish agreements in target international markets,” says Prem Kumar Barthasarathy, Co-founder, Angels Unleashed.

Applications for the program are now open. Four companies will make it to the first round of acceleration which begins in June.

For additional information/ to apply, please reach out to:

About Finpro
Finpro helps Finnish SMEs go international, encourages foreign direct investment in Finland and promotes travel to Finland. Finpro is a public organization consisting of Export Finland, Visit Finland and Invest in Finland. Our almost 240 professionals work in 37 Trade Centers in 31 countries and 6 offices in Finland. www.finpro.fi Finpro – Growth for Finland

In Team Finland, Finpro manages almost 40 significant Growth Programs such as Cleantech Finland, Food from Finland and FinlandCare. Through the Growth Programs, Team Finland helps hundreds of Finnish companies enter the international market and attracts investments from around the world to Finland. www.teamfinland.fi

About Angels Unleashed

Angels Unleashed Ltd is a limited company registered in England and Wales (Reg number: 09557812) and Financial Conduct Authority approved venture capital fund (Ref number: 743114) incorporated by ex-big 4 consultants with entrepreneurial experience.

The firm to date, has invested in 4 start-ups across Fintech, Clean tech and FMCG on Ecommerce and has played a key role in providing post-investment support and aiding their journey to the next stage. The fund is currently raising £2M, a precursor to a much larger £20M fund planned for next year and is advised by industry leaders Kayar Raghavan and Dan Sandhu.

Angels Unleashed aims to bridge the supply- demand needs in innovative technologies/ business opportunities between EU - India corridor and aims to become pioneers in this corridor. Angels Unleashed, through the Finland First program aims to accelerate Finnish start-ups and provide them with capital, intellectual capital and global reach through the network of Subject Matter Experts it has lined up and the significant corporate relationships it has established across UK and India.