Startup Sauna, founded in 2010, is a non-profit organization for startups and aspiring entrepreneurs in Northern and eastern Europe and Russia. Our aim is to implement a blooming startup ecosystem and a pay-it-forward culture into the region in order to make it the best place to be a startup.
In practice, Startup Sauna consists of three different operations:
1) An internship program for aspiring entrepreneurs to work at high-growth companies in Helsinki and in Silicon Valley. More than 60 interns have been matched through the program up until today.
2) An accelerator program for early-stage startups from Northern Europe and Russia, where the companies get coached by experienced serial entrepreneurs and investors in an intense one-month program in Helsinki. Ninety companies have graduated from the program since 2010, with more than USD 34 million of funding raised.
3) The Slush conference, which brings together the early-stage startup ecosystem in the region to meet top-tier venture capitalists and media from around the world. In 2013, Slush gathered more than 7.000 unique attendees, 1200 companies, over 100 international VC funds, 300 angel investors and 400 media representatives.
Statup Sauna is physically located in our own co-working space found on Aalto University’s campus in Espoo, Finland, which is where many of our events and programs also take place.
Run by its own foundation, Startup Sauna is funded by Aalto University, Teknologiateollisuus, Sitra and Tekes, among others.