There will be 100 million euros invested into the Digital Trust Finland program so that Finland can become the Nordic centre for digital trust.
The Digital Trust Finland program aims to future proof and ensure the safe development and use of digital services and solutions.
The cybersecurity market
It is estimated that the cybersecurity market will be worth 210 billion euros by 2025. However, the indirect effects of digitalising infrastructure will be much larger for the global economy.
Over the next five years Business Finland will be investing in digitalisation in the areas of digital trust, new space economy, connected intelligent industries, smart mobility and AI.
The concept of digital trust
Business Finland argues that digital trust is the link which brings individuals, companies, and societies together.
Business Finland said: “Digital infrastructure is our new critical infrastructure, where safety and trust are key factors. The new 100 million euro Digital Trust Finland program will focus on driving smooth collaboration between Finnish companies and the globally growing market of digital trust-based business models and solutions, inviting companies and organizations from abroad to co-innovate and become part of the growing ecosystem. In the next five years Finland is expecting to invest altogether one billion euros in digitalization.”
Finland as the Nordic centre of digital trust
The Minister of Economic Affairs, Mika Lintilä, commented: “Finland is already considered as trusted business partner and safety is part of our country image, which is a great starting point for developing infrastructure and societies based on digital trust further, Minister of Economic Affairs.”
The Director General of Business Finland, Pekka Soini added: “Finland is a safe, secure, non-aligned and transparent society ideally placed to invite global cooperation and investments in the digital trust sector…Business Finland’s Digital Trust Finland program will fund innovations and business growth in security and trust solutions and services by 100 million euros over four years.”