Transforming to a culture that focuses on growth and innovation is not easy, but Nordic countries have led the way and proven that it is possible. From being a land of Vikings history, Santa Claus, snow, and fish industries, to creating industry leaders like Nokia, Spotify, H&M, Ikea, Volvo, Ericsson, Rovio, Supercell and the list goes one. There’s something all governments and business leaders can learn from, and create greater things for the future.
Nordic companies already have around USD 20 billion investments in India, and with more than 500 companies operating here, there’s lot more to gain from Indias’ economic development and growth plans and talent base.
With this as context, I attended the launch of Nordic India Innovation Forum (NIIF) last month. An initiative that aims to do exactly this – by connecting India with Nordics and facilitate a knowledge sharing and business growth platform.
Facilitating great discussions – with a twist:
Time and again, we all attend sessions where there’s a panel discussion that is moderated and then Q&A at the end for 15-20min. Here, they started off with a twist.
Panel discussion started with audience questions, which were grouped into themes and then the panel set to answer these themes with real examples. So during the discussion, there were no monologues or irrelevant discussions.
The panelists were carefully selected and had great representatives who have led teams and businesses globally, including Nordics and India.
The discussion started with – How can Nordic startups tap the Indian market and the other way round? And moved to automation and how can government avoid unemployment in developing markets? Everyone in the room were already convinced on – ‘Why’ they should focus on India/Nordic markets, but then this session aimed to address the question ‘How’? Starting to create solutions together.
What added to this event concept, was also a working session on the previous day. GOInternational team had set up several working sessions for Nordic organizations to meet Indian experts in smaller groups and go through their business challenges directly.
The event ended with this summary: With immense opportunities for innovative solutions within health, education, clean energy, data security, government technology, there is a lot that India has to offer to Nordic companies. On the other hand, Indias’ highly skilled workforce, frugal innovation methods and business leaders can provide direction and shape the future of Nordic businesses. NIIF team agreed to engage all the stakeholders and continue to address the question – how?
So, What do you think are the opportunities between Nordics and India? Do you have any experience in working between these two markets? And do you want to contribute to this initiative? Send me your comments or visit the NIIF website now!
Disclaimer: Having lived in Nordics for about 10 years, I see a need, and also advise NIIF team with business planning and strategy. But, these observations are more from a participants’ perspective.
Some images from the event below: