Growth and internationalization through cooperation
Crowe Horwath Finland is
the main partner for a program, which enables Finnish growth companies to
internationalize. Kasvun Roihu Oy is the impelementer of the program. Within a
year over 40 Finnish growth companies has been taken to the Chinese and US markets
with the help of an operational model based on the support of a diversified and
high-level partner network. In this productive operational model, experts from
public and private sectors spar the growth companies that are selected for the
program through an application process. Kasvun Roihu Oy, Crowe Horwath and
partners decided to take action due to the recent, heavy cost cuts in the
public internationalization services which limit the companies’ ability to
enter international markets. The idea is to gather sparring teams that consist
of experts from different fields and who have influential networks in the
target country.
Kasvun Roihu invests heavily in increasing its network. The international partners are ready to invest in finding Finnish growth companies to add to their network. Support for growth companies and as partner for Kasvun Roihu is eight largest global professional services network Crowe Horwath. The partners include, among others, Techcode, a Chinese business accelerator focused on start-up companies. Kasvun Roihu’s partner network also includes Nasdaq, a stock exchange expert operating in the United States, specialized in the listing and trading of technology company stocks.
Together in high spirits
The Grow to Market programs include joint workshops for companies and partners and a one-week networking trip to the target country. The trips are carefully planned and meetings have been booked for companies to meet with potential partners. The program is built around the actual needs of the growth companies and communality as well as high spirits are emphasized in the program activities. Five years of experience from Kasvu Open and profound familiarity with the companies’ challenges of internationalization has provided Kasvun Roihu with unparalleled knowledge on which the model is based on.
“We do not make companies wonder around in fairs; we take them directly to actual, high-level negotiating tables. This is made possible through our partner network, which includes top actors in the fields of finance and jurisprudence, among others. We select as our partners only the best actors in the field who are committed and experienced and already have networks in the target country. This way, the value of the network increases like compound interest,” says Matti Härkönen, the CEO of Kasvun Roihu.
Rewarded curiosity
Oviku Oy, a smart lock company aiming to enter the Chinese and US markets, has participated in the Grow to China program, with good results. CEO Tomi Ek admits, however, that they were somewhat skeptical at first.
“We had not
really considered China as the target market, but that changed quickly. We have
grasped the potential of the Chinese market in a whole new way. We found
ourselves around the right negotiating tables much faster than we would have on
our own. We are now negotiating cooperation with major actors. Along the way,
we have also attracted a group of investors from Finland to our company,” Ek
tells.
Ek encourages companies to follow the example of small children who are
constantly learning through their endless curiosity. Ek believes that curiosity
is the most important quality for a growth-oriented company.
“I
encourage companies to look fearlessly under every rock, since often the best
things are discovered partly by chance,” Ek says.
Petri Palviainen,
the Head of Advisory Service in the globally operating audit community Crowe
Horwath Finland and a partner in several Grow to Market programs, acknowledges
the functionality of the model as well.
“This model has proven to be very productive. The companies’ learning curve is incredible, given the brevity of the project,” says Palviainen.
Application process for the Grow to China program starts
Next spring, Kasvun Roihu will once again take 15 interesting companies to China. The application process for the Grow to China program starts in Jyväskylä, in the Kasvu Open Carnival on October 26, 2017.
The Grow to Market program is intended to be easily accessible. Companies are not required to have a great amount of resources and the duration of the project is kept short. Two selected companies will get to participate for free, and others will pay a fairly reasonable participation fee.
“The goal is to give the companies a chance to get quick answers to all the essential questions and to test their internationalization plans in practice. The company does not have to be far along in its internationalization process, but enthusiasm and motivation are definitely required,” Härkönen says.
More information:
Crowe Horwath Finland
Petri Palviainen
partner
050 517 1663
Kasvun
Roihu Oy
Matti Härkönen, CEO
+358 40 578 2688
[email protected]
www.roihu.com