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Good practice Imported

Maria 01 — Helsinki's Former Hospital Turned Public-Nonprofit Startup Campus

Finland · Helsinki · See the Finland profile · See the Helsinki profile

Evidence: Observational / pre–post Top 19% 81/100 · Ask Evidence Copilot about this practice

Helsinki converted its oldest hospital campus, closed 2014, into Maria 01, a non-profit startup hub co-owned by the city; by 2025 its ~230 resident startups and alumni raised a record €337m in a single year, capturing 22% of Finland's national startup funding.

337 € million
Funding raised by members and alumni (2025)
230 %
Year-on-year funding growth (2025)
22 %
Share of Finland's national startup funding captured (2025)
230
Resident startups (2025)
20,000 sqm
Campus size (2019)
92 € million
Funding raised by members (2019)
Maria 01 — Helsinki's Former Hospital Turned Public-Nonprofit Startup Campus

Details

Maturity
Established
Promoter
Maria 01 (jointly owned by Startup Foundation, Helsinki Enterprise Agency and the City of Helsinki)
Period
2016-2026
Region (NUTS)
FI1B1
Keywords
urban redevelopment, startup ecosystem, venture capital, adaptive reuse

Context

Maria Hospital, one of Helsinki's oldest hospital campuses, closed in 2014. Starting in 2016, the site was repurposed into Maria 01, a non-profit jointly owned by the Startup Foundation, Helsinki Enterprise Agency and the City of Helsinki, with development partners including construction firm YIT and pension fund Keva.

Activities

The campus hosts resident startups, investors and venture-capital funds under one roof, and has undergone phased physical expansion — from its original buildings to a new wing opened in October 2019, with a further expansion plan targeting 70,000 square metres.

Results

By November 2019 the campus spanned 20,000 square metres, housing more than 120 startups, over 1,100 members and 12 venture-capital funds, with members raising €92 million that year. By 2025, per the City of Helsinki's March 2026 report, the community had grown to about 2,000 members and 230 startups, with a record €337 million raised in 2025 — up 230% year-on-year — with Maria 01's members and alumni, roughly 14% of Finland's startup population, capturing 22% of all domestic startup funding that year.

Conclusions

Funding concentration is significant: individual companies such as NestAi (€100 million) and Linear (€72.7 million) accounted for a large share of the 2025 total, so the aggregate figures partly reflect a handful of large raises rather than broad-based gains across all resident startups. The 70,000-square-metre expansion and its associated job targets also remain city-strategy projections rather than fully realised outcomes.

Implementation

Indicative cost
Medium (€50k–€500k) — Redevelopment of a former hospital campus with a further ~50,000 sqm expansion under way; costs not itemised in available sources.
Time to results
Long (> 3 years) — Launched 2015-2016, continuously operating and expanding through 2025-2026.
Staffing & skills
Startup Foundation, Helsinki Enterprise Agency, City of Helsinki, Development partners (e.g. YIT, Keva)

Conditions for success

  • Joint public-nonprofit-enterprise-agency ownership structure
  • Physical space for phased expansion
  • Presence of venture-capital funds and investor community on site

Common failure modes

  • Aggregate funding figures are driven by a small number of very large raises (e.g. NestAi, Linear), which may overstate broad-based gains
  • Expansion square-metreage and job targets are city-strategy projections, not yet fully realised outcomes

Commonly funded by

ERDF — European Regional Development Fund National / regional programmes InvestEU

Indicative funding routes for practices of this type — always check each programme's current calls and eligibility rules.

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Data sources

Where this practice's information was retrieved from, and when.

Attachments

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