This week, Nordic Compass launches, a new pan-Nordic industry alliance for resilience and competitiveness.
The ambition is to move faster than the current European process and turn Nordic industrial strengths into concrete initiatives, aligned between the business community and the Nordic governments.
Initiatives in four critical areas will be presented at the Nordic Compass Summit in Gothenburg on 4-5 November. At the first summit this autumn, the alliance will launch concrete initiatives aimed at the Nordic capital markets, deep tech, defence, and energy that can be implemented and scaled up quickly.
Nordic Compass is chaired by former Prime Minister of Finland, Jyrki Katainen.
The ambition is to strengthen Nordic and European resilience and competitiveness amid rising geopolitical tensions.
The Nordic countries are individually small but are regarded among the best in capacity for innovation. Taken together, the Nordic Region ranks among the world's largest economies, yet industrial cooperation across the region remains underutilised, according to the alliance.
Nordic Compass gathers more than 25 leading Nordic companies, foundations and organisations as partners in various capacities, including Aker ASA, Aker Solutions, Alfa Laval, atNorth, Carl Bennet AB, Chr. Augustinus Fabrikker, Danfoss, Embla Medical, EQT, Ericsson, EY, The Finnish Innovation Fund Sitra, KONE, Kromann Reumert, McKinsey & Company, Nasdaq Nordic, Nokia, Nordea, Nordic Innovation, Novo Nordisk Foundation, Nscale, Saab, SEB, Vattenfall, Wallenberg Investments, and Ørsted.
An advisory board to Nordic Compass will provide national insights through eight representatives from the Nordic countries, including Greenland, the Faroe Islands and Åland, as well as the Secretary General of the Nordic Council of Ministers.
Lead image: Markus Esselmark.
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