Jeffery: Welcome to impact investing brought to you by supportersfund.com from the student visa capital of the world Toronto Canada I’m your host Jeffery JP Potvin and let’s please welcome from the sauna capital of the world cleanest water and the with the most heavy metal bands Helsinki Finland we have Kustaa and Peter who are building the very first underground rail connecting Helsinki and Tallinn in Estonia. Welcome, Kustaa, Peter, it’s a real pleasure having you back on the show.

Kustaa: Thanks. Great to be here.

Peter: Yeah, thanks. Awesome back.

Jeffery: I love it. Well, to kick things off and I know this is going to be a little bit of a different segment because we’re doing a follow up to a previous interview that we did. So we’re doing a follow up to this massive project, this $15 billion project that you guys are working on. But because we want to do jump back into how this all started and where this all came from, maybe we’ll jump back into a little bit of cost and maybe you can share a little bit just super high level again, a bit about yourself and background and then Peter and then we’ll jump in to how those projects coming along.

Kustaa: All right. So my name is Kustaa Valtonen, an entrepreneur business angel with a tech background from companies like HP, Microsoft a long time ago investing my time and money into early stage companies and that with Peter we we ran a joint investment company that has about I think, 60 startups in the portfolio at the moment. And then of course we’re running this hits and keep telling an undersea railway tunnel project. So that’s one of the topics on the agenda today.

Jeffery: I love it. And Peter, how about yourself?

Peter: Yeah, yeah, yeah. So entrepreneur here in finance Bay area Hub and Finland have more specifically and yeah basically been focusing on increasing the talent density here in our new world. So in many areas we’re already leading the way. So I liked your point about Toronto being like student visa capital of the world. So we’re going to take you on for that. So we’re actually attracting a lot of talent, a lot of students to Finland and to Estonia and to Sweden right now sort of on this Bay Area. And that actually is also one of the reasons why we’re doing the tunnel project. So that’s one way of creating gravity when you invest 15 billion into infrastructure and in this case in Japan, it creates a lot a lot of, you know, these kind of like ripple effects. And and that is kind of one of the main main reasons. But then now if you look at, you know, our part of the world and I always talk about the Finnish Bay Area, we have the highest number of startups per capita. We have the highest number of unicorns per capita. And maybe most importantly, we have the highest amount of venture capital invested in local startups per capita. So if you look at like obviously the number of Estonia was number one, Finland number two in number three, Sweden number four and the US number five. When you look at venture capital for capital, we always have to add the per capita because we’re tiny little countries up here in north. So you know, have regard for it in absolute numbers, but we can do a pretty good job, you know, when you look at the per capita numbers. So yeah, the total project is like I don’t know if you can call it the tip of the iceberg in this case, because it is like the iceberg or like below water, but it’s sort of like a body. Yeah, if it’s got like upside down, like tip of the iceberg because it really is just like tiny little detail in this bigger scheme of things. And that is all about increasing the talent density and extending the lead that we currently have over the rest of the world when it comes to, you know, the startup ecosystem. And of course it’s all about the fuel. You know, it’s really people, namely young people. And that’s a big, big focus of our sun that we’re going to take on Toronto and the rest of the world. When you look at like number of student visas and maybe we don’t even add to the per capita thing, there will be a few in absolute numbers as well. So yeah, that’s awesome.

Jeffery: Well, I know that right now we’re sitting at a million students, I believe a year that have been it’s increased some staggering amounts. So I think that if more countries start to look at this.

Peter: But they’re not all in Toronto, that’s like Canada.

Jeffery: No, Correct. They’re they’re spread across Canada. Right. So that’s I believe that’s the full immigration number. And right now there’s 500,000 students coming in a year. So and what they say is that within three years, all of those people are moving to Toronto. So I think there’s some incredible maybe shift in migration across Canada.

Peter: Yeah, I think that you have total immigration, actually that 500,000. So they are not all students. But anyway, we will have, you know, maybe 500,000 students a year will get to a high number anyway.

Jeffery: No, that’s great. I think they’re probably trying to rope ours in because again, in the last two years, because of the high numbers of immigration coming in, students and and everyone that it’s putting a buckle on the system. So regardless there’s lots happening here, which is great. But I love that there is even more happening where you guys are at. So maybe we’ll jump right into kind of diving into the