A new record number of established companies at NewCo Helsinki


NewCo Helsinki provides business advisory and other sparring activities for about 5 000 entrepreneurs annually. NewCo Helsinki also supports Helsinki startups in many ways.

In 2018, record numbers were made in business advisory services: 1 180 new companies were established through the advisory service, representing an increase of almost 20% over the previous year. The number of customers and counseling visits also increased.

“Two years after establishment, about 90% of companies were still active and after five years 80% of companies. The figures are much better than those of companies established without advisory,” says Head of Services, Toivo Utso.

Immigrants’ share of customers grew by a few percent to about 38 percent. The number of companies established by immigrants also increased significantly and now stands at over 400.

Read more here (in Finnish).