Finland will soon hand out cash to 2,000 jobless people – the idea, universal basic income, is gaining traction

Finland will soon hand out cash to 2,000 jobless people – the idea, universal basic income, is gaining traction

Martti Kainulainen | AFP | Getty Images

No one would confuse this frigid corner of northern Finland with Silicon Valley. Notched in low pine forests just 100 miles below the Arctic Circle, Oulu seems more likely to achieve dominance at herding reindeer than at nurturing technology start-ups.

But this city has roots as a hub for wireless communications, and keen aspirations in innovation. It also has thousands of skilled engineers in need of work. Many were laid off by Nokia, the Finnish company once synonymous with mobile telephones and more recently at risk of fading into oblivion.While entrepreneurs are eager to […]

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