Silicon Valley most startups in Finland are IT related. Recently, however, companies developing physical end-products has risen. Notable examples include Jalo Helsinki and Uploud Audio. Former producing fire alarms while the latter producing nice looking loudspeakers. In 2009 Finland was second largest investor in early stage startups in Europe measured in venture capital as a percentage of GDP. Finnish member of Parliament Lasse Männistö has established a startup group inside the Finnish parliament. In 2019, Finland accounted for 10 percent of global startup exits, according to TNW. In terms of local connectivity, the 2018 Global Startup Ecosystem report ranks Helsinki's ecosystem as the best in the world. In the 2020, Finnish startups raised a record-high of €951 in growth funding, the largest investor group being venture capital investors, who invested €495 million into Finnish startup during the year. Notable companies Hybrid Graphics (1994) Iobox (1999) Riot-E (2000) Rovio Entertainment (2003) Jaiku (2006) Supercell (2010) Jolla (2011) Wolt (2014) References Economy of Finland Entrepreneurship