Kainuun Etu Oy participated in the Ownership Transfer conference at Finlandia House on 6th November 2018. The event was organised by the Business Transfer Forum, the members comprise of Business Finland, Danske Bank, Confederation of Finnish Industries (EK), Fennia Group and Elo, Finnvera, Finland Chamber of Commerce, Nordea, Seinäjoki University of Applied Sciences, SEKES, Finnish Enterprise Agency, Federation of Finnish Enterprises, Business Mentors Finland, Suomen Yrityskaupat and The Ministry of Economic Affairs and Employment (TEM).

The conference offered insights into the national level business transfer landscape from various public and private actors who are involved and facilitate business transfer. The Nationwide ownership change barometer 2018 (in Finnish) was presented by author and researcher Elina Varamäki, Vice Rector and docent of Seinäjoki University of Applied Sciences. A key result of the barometer determined that due to the aging of entrepreneurs, a need for change of ownership will directly affect around 50,000 Finnish companies during the next decade.

Main outputs from the conference for Kainuun Etu included targeted awareness raising and solidifying national level cooperation with the various institutes and organizations for the upcoming business transfer and growth renewal seminar to be held in Kainuu in January 2019. The regional event will be organised by Kainuun Etu as a part of the STOB regions Interreg Europe project and aims to assemble regional and national stakeholders, including buyers and sellers to gain insight on methods to strengthen regional business transfer services.

The conference’s theme centered upon the opportunity for growth and innovation renewal of SMEs during the transfer process, this aligns entirely with Kainuun Etu’s approach for the development of the regional action plan to implement consolidated and quality-oriented business transfer services linked to potential growth renewal for the companies of the Kainuun region.

More information regarding the barometer and National Business Transfer project can be found here.

More information regarding STOB regions' Finnish partner Kainuun Etu Ltd., can be found here.