Rovio, the Finnish developer of the game hit Angry Birds, has collected 40 million dollars in venture capital from investors. The spotlight on Angry Birds has made other Finnish businesses more visible to investors.

Antti Vilpponen, co-founder of the ArcticStartup blog which follows developments in technology entrepreneurship in the Nordic countries, says that Finland is one of Europe's leaders in attracting venture capital to growing companies.

New expanding businesses can bring considerable economic growth to Finland and create more jobs. New start-up companies with major growth opportunities have sprung up quickly in Finland's technology sector in recent years.

"We can certainly talk of a boom. In the last three-four years, a significant number of new businesses have been founded, and it's been brilliant to observe that many have sprung up from the actions of the so-called serial entrepreneurs. In other words, those who have previously launched successful businesses," Vilpponen says.

Nokia's troubles behind the boom

According to Vilpponen, difficulties experienced by traditional employers in the technology field, such as Finnish mobile phone giant Nokia, have set the stage for the current boom.

Companies which were considered to be safe employers only ten years ago no longer match up to the image.

"This has made people consider other career options. People then have found new opportunities with expanding businesses," Vilpponen says.