22 Finland and Israel share very similar structure in their healthcare systems We leverage Finnish capacities in smart grids, energy storage, hydrogen economy and waste-to-energy tech exports. Finland is one of the first countries in the world to set up a national digital patient data repository covering both the public and private healthcare sectors. 100%population penetration in electronic health records make Finnish health data unique in terms of breadth and depth. “Digital Health, and especially secondary use of data supported by AI/ML related solutions, is one of the key verticals. Finland and Israel share very similar structure in their healthcare systems: it is a world class, universal, centralized, digitalized, public sector driven and therefore all residents are entitled to basic health care as a fundamental right,” says Sääskeläinen. “TheFinnishbiotechnologyandespeciallyhealth technology sector havegrown in the recent years. The interest and capital from angel investors can be partly explained by the Covid-19 pandemic. The biotechnology sector has great prerequisites in Finland because of the rich natural resources and encouraging atmosphere for research,” add DLA Piper’s Tuominen. There is a digital health innovation collaboration between Finland and Israel, launched in 2019. This initiative is led by Israel Innovation Authority and Helsinki Business Hub and its goal is to help Israeli and Finnish companies to collaborate with each other's. “Israel has groundbreaking technologies and on the other hand, Finland has very progressive health policies and is situated as one of the global leaders in healthcare technology. Combining these, and also, connecting entrepreneurs and scientists from both countries makes this initiative important regarding commercial relationship between Israel and Finland,” points out Tuominen. “The Israeli energy sector is undergoing substantial developments – mainly around the reform of the electricity sector and renewables targets. We cooperate with both sides to leverage Finnish capacities in areas such as smart grids, energy storage, hydrogen economy and waste-to-energy,” adds Alon Gold, Senior Advisor in Trade and Economic Affairs at the Finnish Embassy in Tel Aviv. “Cleantech expertise in Finland is advanced especially in the field of renewable energy, recycling, food solutions and clean water. Many Finnish companies are sort of pioneers in the cleantech sector, for example Neste, Fortum, or even more traditional steel companies like Outokumpu. This is partly because of
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