Qatar and Finland are building structural links between their small and medium-sized enterprise (SME) and startup ecosystems, leveraging global innovation hubs like Slush in Helsinki and Web Summit Qatar in Doha to accelerate trade and venture capital flows.
The initiative involves collaborative efforts between the Qatar Research and Development and Innovation (QRDI) Council and Business Finland, establishing a framework to build research, development, and innovation ties across key growth sectors, Finnish ambassador Juha Mustonen told Gulf Times Tuesday.
Mustonen said diplomats are exploring pathways to connect Qatari and Finnish business networks, starting with delegation exchanges across both flagship tech gatherings.
"Slush is Finland’s major startup conference. The embassy recently discussed how to strengthen connections between Qatar’s and Finland’s business ecosystems. One possible starting point would be to bring a delegation of Qatari small and medium-sized enterprises and investors to Slush, followed by a delegation to an event such as Web Summit. These are two platforms we should explore, and I’m very excited about taking this cooperation forward,” Mustonen said.
The cross-border initiative comes as Finland pushes aggressive targets to expand its national R&D infrastructure.
Under-Secretary of State and Deputy Minister for International Trade of Finland Jarno Syrjälä also said Finland plans to allocate 4% of its GDP to research and development by the end of this decade, with SMEs and early-stage ventures driving much of that output.
Syrjälä emphasised that Finland’s startup ecosystem offers practical lessons for Qatar as both nations cultivate local talent and scale high-tech ventures.
"Finland has a very strong ecosystem, particularly when it comes to startups, and continues to invest heavily in research and development. Our goal is for R&D spending to reach 4% of GDP by the end of this decade. Much of this work is carried out by small and medium-sized companies that begin as startups. We hope they will scale up and eventually become major players,” Syrjälä explained.
Syrjälä also highlighted Slush as a primary engine for founder-investor deal-making. "It’s currently the largest event of its kind in Europe, bringing together people to discuss future cooperation. Last year, 14,000 participants from around the world attended, creating opportunities for investors to connect with startups as well as with one another,” Syrjälä noted, pointing to Web Summit Qatar as a similar event capable of generating cross-border collaboration.
"The idea is the same for both events, and I believe we can cooperate, learn from each other, and connect the right people,” he continued.
Beyond venture building, Syrjälä identified deeptech, 5G and emerging 6G connectivity, artificial intelligence (AI), quantum computing, satellite technologies, and education as key strategic pillars for Qatari-Finnish commercial collaboration.
"Our equation is straightforward: we invest heavily in research and development, and then in education to create the right environment for innovation. Communication is a critical area, particularly as digitalisation accelerates and becomes even more important.
"The transition to 5G—and eventually 6G—is already underway, and Finnish companies are active participants in these developments. At the same time, artificial intelligence is transforming every sector, alongside advances in quantum computing and satellite technologies,” Syrjälä pointed out.