HELSINKI, Finland and NOIDA, India, Oct 4, 2023—HCLTech, a leading global technology company, has entered into a memorandum of understanding with Business Finland to pursue innovation and growth in areas of generative AI, metaverse, space and quantum technologies.
Business Finland is the Finnish government organization for innovation funding and trade, travel and investment promotion. The collaboration will enable Finnish companies and technology startups to take their solutions to global enterprises through HCLTech’s Innovation Network, eSTiPTM, which includes 1,500+ startups, 14+ venture capitalists, 16+ trade commissions and five academic institutions worldwide. HCLTech’s global delivery model allows enterprises an easy scale of business operation and secure integration.
This alliance strengthens HCLTech's presence in the Nordic region. HCLTech will get early access to emerging technologies and innovations in Finland.
“We have always helped clients and startups in their growth roadmap by connecting both parties through digital innovation solutions. By aligning innovative technology solutions with clients' needs, both parties can create a robust business ecosystem to grow and ensure business continuity. We are delighted to collaborate with Business Finland to bring the latest Finnish startup technologies, like Gen AI, quantum technologies and space technologies, to the global market,” said Kalyan Kumar, Global Chief Technology Officer and Head of Ecosystems, HCLTech.
Dr. Juuka Holappa, the Commercial Counselor of the Embassy of Finland, New Delhi and the Country Director at Business Finland India said: "We believe that companies like HCLTech are vital for our startups’ global growth. Through this partnership, we aim to highlight the best that Finnish technology has to offer to HCLTech and its clients. At the same time, by having access to these clients, we hope to support our startups in growing their presence to become leading technology providers across every industry. We aim to ensure that every Finnish startup has a firm foundation in the global market with solutions that can benefit as many people as possible. We hope this partnership will be the starting point of a long-lasting relationship between HCLTech and us."
HCLTech and Business Finland will explore joint initiatives to empower startups with informative trends and insights on emerging technologies and help them market their solutions globally.
ABOUT BUSINESS FINLAND
Business Finland is the Finnish government organization for innovation funding and trade, travel, and investment promotion. Business Finland’s over 700 experts work in over 40 offices globally and in 16 regional offices around Finland. Business Finland is part of the Team Finland network. For more information, please visit www.businessfinland.com.
About HCLTech
HCLTech is a global technology company, home to more than 223,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG, and Public Services. Consolidated revenues as of 12 months ending June 2023 totaled $12.8 billion. To learn how we can supercharge progress for you, visit hcltech.com.
For further details, please contact:
Business Finland
Brenda Li, Region East Asia & India
HCLTech
Michelle Rico, Americas
michelle.rico@hcl.com
Elka Ghudial, EMEA
elka.ghudial@hcl.com
James Galvin, ANZ
james.galvin@hcl.com
Siddhartha Bhatnagar, India
bhatnagars@hcl.com