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Bioeconomy is a win strategy for Finland

Bioeconomy is a win strategy for Finland

HELSINKI: Nokia is synonymous with mobile phones, but the world-famous Finnish company was in fact started as a paper mill, on the banks of the Nokianvirta river over 100 years ago – hence the name.

Paper is a typical bio-economic based production, using water and wood as prime resources.

A Nokia phone was used when the world’s first GSM call was made in 1991 and the company defined the mobile industry for over a decade.

Nokia’s tax revenues paid for a large share of Finland’s generous social model, but Nokia lost its dominance and was sold to Microsoft in 2014.

In that same year, Finland turned back to nature and launched a bioeconomy strategyto help create future jobs and wealth.

The bioeconomy comprises those parts of the economy that use renewable biological resources from land and sea – such as crops, forests, fish, animals and micro-organisms – to produce food, materials and energy.

“What are the big problems in the world? Lack of resources and lack of bio-diversity. So, when a country is dependent on exports, like Finland is – we have to think what kind of solutions we can offer to these big problems in the entire world,” environment minister Kimmo Tiilikainen explains in an interview with EUobserver.