India and Finland have conventionally relished, warm and friendly relations. In recent years, symmetrical relations have acquired diversity with running collaboration in research, finance and creativity by both the countries. Finland finds India as a market for its products and an affirmative investment end for its advanced technology industries. India sees Finland as one of the most alpha members of EU and a depository of modern technology.
To make this relation more effective, Finland Collaboration was organized in Mumbai, India in June 2018 by Helsinki Business Hub and PrEver. The objective was to explore new opportunities for Indian companies in Finland. NCrypted joined this league of creative people with an aim to support innovative business solutions for the world.
NCrypted along with three other companies shared experiences in setting up business in Finland. Why did they thought about setting their business in Finland? Why it was a good idea? All these business perspectives were covered during the collaboration conference.
In the words of Mr. Kunal Pandya, CEO of NCrypted : “With the R&D support we receive from Business Finland and the Finnish ecosystem, we get our product developed in Europe. And having a European IPR is a distinctive advantage.”
Pandya further emphasizes on the importance of the startup valuation. “With startups the challenge is to build the trust with investors. In a situation when a foreign government agency like Tekes have done a comprehensive valuation of a startup, it adds value to company’s future valuation.”
NCrypted works with startups and helps entrepreneurs conceptualize and build the product with a clear go-to-market strategy. We have often found founders getting tired of the initial due diligence our team does in understanding the overall business model.
Kunal Pandya shared his experience on how important it is to take these questions with utmost sincerity and dedication. “A company once mentioned about how tiring it is that these guys ask so many questions. I told them it is good that you need to answer these questions now, at least you know what questions need to be addressed. Because investors will need answers to the same questions from you in the future.”
To put it succinctly, the collaboration conference turned out to be a win-win scenario for everyone.
With this, NCrypted is getting one step closer to its clients in Europe, especially in the Nordic region (Finland, Sweden, Norway, Denmark).
Check out more photographs of the Finland collaboration conference to get the highlights.