With the recent closure of the Tempo call in October 2023 and its scheduled reopening today on March 26, 2024, eligible startups can embark on a transformative journey towards international growth. In the dynamic landscape of entrepreneurship, the quest for international growth stands as a hallmark of success. Enter Tempo...
Business Finland offers innovation vouchers for SMEs with a new product or service idea that has potential to grow internationally. You are able to apply for innovation voucher starting from January 24, 2024. The Innovation Voucher, tailored for small businesses under 5 years old, is intended to provide support for...
In a rapidly evolving digital landscape, the EU countries are taking a significant step towards shaping a fair and innovative data-driven economy with the introduction of the Data Act. The proposed legislation, a key component of the 2030 digital objectives, aims to redefine how data is accessed, used, and shared...
Artificial Intelligence (AI) refers to the capacity of machines to perform tasks that typically necessitate human intelligence, including reasoning, learning, and decision-making. Recent years have witnessed rapid advancements in AI, thanks to the availability of extensive data, robust computing resources, and breakthroughs in algorithms. AI holds the potential to revolutionize...
Finnish legislation is being prepared to comply with the cross-border business conversions directive that will enter into force in the end of January 2023. The directive removes the obstacles that hinder the freedom of establishment of companies in the European Union. Legislative amendments under preparation to the Limited Liability Companies...
Preparations for the Unitary Patent (UP) and the Unified Patent Court (UPC) have progressed. The court estimates that it will start operating in early 2023. There are currently a little over 50,000 European patents and national patents valid in Finland. With the Unified Patent System, the number of patents concerning...
Finnish Startup Permit enables entrepreneurs from outside the EU to establish a startup company in Finland. Applying for the permit is an easy two-step process that can be done online. First, you need to receive an Eligibility Statement from Business Finland, which assesses whether your business is suitable for the...
On March 25th 2022 the European Commission (EC) and the United States announced a new Trans-Atlantic Data Privacy Framework. The goal is to foster data flows between the two continents and address the concerns the Court of Justice of the European Union (CJEU) raised. Altogether, this is now the third...
The Finnish Employment Contracts Act has been amended, and the regulation of non-competition clauses has changed. The changes are important, and employers should be aware of what’s changed and what to do next. Let’s go through the most important changes to legislation, and practical steps to take in your company.
The European Parliament and the Council adopted the digital contracts directive in May 2019, and Member States have two years to implement the directive in their national law. The new rules will then begin to apply all around EU by the end of 2021. In Finland, the Government has recently...
