Innovation

How Finland’s Innovation Transformed The Global Market

Implement Similar Powerful Strategies To Kickstart Your Business

Finland is recognized for generating ground-breaking corporate concepts that soon become international hits.

The Finnish innovators, who have created everything from Nokia to Angry Birds, are famous around the world for their ground-breaking ideas that are altering the way we think about education and business.

When I was putting together a research paper for my vocational business studies course earlier this month, I was impressed by two really innovative freshly produced concepts.

These inventions, which were selected from a list of the top ten startups in Finland, will undoubtedly inspire your inner creativity and get you thinking.

It is extremely likely that these two technologies will have enormous future potential if the startups can successfully market their services at an early stage of their growth.

FrontAi FrontAI, a company that provides customer care chatbots, was formed in 2019. Customer service representatives working for FrontAI are trained to communicate with consumers on a 24-hour basis and to understand a variety of languages and dialects.

This is a fantastic move because it will improve the overall customer service experience while also potentially addressing the issue of communication delays.

More significantly, it may aid customers in getting their questions answered as fast as possible.

When it comes to increasing sales and building trust, this is really beneficial.

In general, it has the potential to significantly improve the customer-business connection.

iFarm

Ifarm is a project that aims to make it easier for people to get their hands on nutritious organic food. As a result, more greenhouses and vertical farms are being built, allowing everyone to grow vegetables, berries, and herbs for personal and commercial use throughout the year.

The firm was awarded the Nordic Startup Award and obtained seed funding in the first few months of 2019.

This is a transformative endeavor, as it will fundamentally alter the way food is grown and consumed in the future.

This is not a completely new concept, but it is a significant one for the Scandinavian region, particularly in Finland, where the vast majority of culinary herbs are imported from regions with milder weather, making this an important undertaking.

By taking this step, the government of Finland hopes to address the shortage of fresh, nutritious greens and vegetables in the country.

Ifarm also hopes to make the technology available to the general public so that they can grow their own plants at home. Families and couples will soon have the option to participate in the light gardening process of planting, collecting, and devouring their fresh food.

There are numerous advantages to doing so. It is a really therapeutic and peaceful practice to be involved in the gardening and growing process.

Vertical farms and urban greenhouses will become increasingly frequent as cities grow in size and as people become more concerned about eating nutritious organic foods, which will benefit both the people and the economy as a result of this trend.

Important Take-Aways

When dealing with digital media and communication, it is important to remember that we are living in an internationally digitalized era in which everything revolves around technology and automation. Both advantages and disadvantages can be found with this approach.

For business owners and potential start-up founders, while developing a new business idea, it is critical to first consider what the digital market does not currently provide.

In this regard, the example of FrontAi is ideal, as the company’s founders developed their creative idea on the basis of the problem that exists in customer service, that is delay in effective connection with potential consumers.

The absence of greenhouses and access to gardening facilities in the case of iFarm was identified as a problem because most Finns live in small flats with no outdoor space for gardening.

They worked on overcoming this shortcoming in order to provide a modernized solution that harnessed the power of technology.

Another point of comparison is that both are offering a cutting-edge solution that makes use of cutting-edge technological advances.

When it comes to achieving success in the corporate world, modernization and technology are closely connected.

When these two characteristics are combined with a compelling business concept, you are almost always on your path to achieving success with your startup.

They began by researching their selected market and looking for potential weaknesses in order to identify areas where they could fill a gap in the market and develop a solution that would solve the problem.

Implement These Strategies Below:

• Analyze your selected market and consider the present problems that exist in it.

How can your solution resolve the issue while also providing a modernized digital touch to it through the use of technology?

• Plan your inventive ideas utilizing online tools such as the business model canvas and the pitch planner canvas template. By utilizing the power of mind mapping and brainstorming, these templates can help you extend your viewpoint while also organizing your startup.
• Investigate the elements of a great pitch so that you can sell your idea to investors, clients, and businesses alike. When it comes to pitching ideas, the NABC approach is a widely recognized strategy that allows you to improve your idea by harnessing the power of simplicity.