{"id":6859,"date":"2022-01-12T10:32:38","date_gmt":"2022-01-12T08:32:38","guid":{"rendered":"https:\/\/blogit.lab.fi\/labfocus\/?p=6859"},"modified":"2022-01-12T13:36:35","modified_gmt":"2022-01-12T11:36:35","slug":"chinese-ecosystem-of-entrepreneurship-and-innovations","status":"publish","type":"post","link":"https:\/\/blogit.lab.fi\/labfocus\/en\/chinese-ecosystem-of-entrepreneurship-and-innovations\/","title":{"rendered":"Chinese Ecosystem of Entrepreneurship and Innovations"},"content":{"rendered":"\n

In mid-December the Regional Council of South Karelia, Mingle Advisors and LUTES organized International Entrepreneurship: The Chinese Ecosystem event. During the hybrid event the participants got an idea of the Chinese ecosystems effect on entrepreneurship and innovations in general. The main speaker of the event was Lauri Tammi. Tammi is the CEO and Founder of Mingle Advisors, a company specialized in helping new companies to enter Chinese market.<\/p>\n\n\n\n

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Image 1. Screenshot of the hybrid event. (LUTES 2021) <\/figcaption><\/figure>\n\n\n\n

Expandint the company to China is not as difficult as thought<\/h2>\n\n\n\n

According to Lauri Tammi, China is full of possibilities and is very open and inviting for global partners. China is not the backwards country as some might still think. According to Tammi\u2019s experience working as business advisor, China is a very advanced and vibrant country, especially in the urban areas. (Tammi 2021.)<\/p>\n\n\n\n

Even if China is open to newcomers, you need to be aware of cultural differences. Chinese people have a bit of different approach in trusting people than Finns, for example. In Finland, we trust you unless you prove otherwise, but in China it is the other way round. You need to proof your trustworthy first. This might take time, but Tammi believes that as long as you keep on going and work towards the goal it is achievable. (Tammi 2021.)<\/p>\n\n\n\n

Finns, and Nordic countries in general, have a very good reputation for being innovative and trustworthy. In that sense companies from these countries might find it a bit of easier to enter China. On the other hand, Tammi reminds audience that there are differences on how easy it is to enter the Chinese market with your product. If your company is concentrated on digitalization, sustainability, or clean tech, you are welcomed with open arms. However, if you work in the cyber security or other sensitive area it might be extremely difficult. (Tammi 2021.)<\/p>\n\n\n\n

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Image 2. Nordic companies are well-known and trusted in China. (Tammi 2021) <\/figcaption><\/figure>\n\n\n\n

Tips for companies interested in Chinese markets<\/h2>\n\n\n\n

Lauri Tammi gave many useful tips on his presentation, here are some of them:<\/p>\n\n\n\n