The Nordic countries and Europe must take an active role and strenghten our competitiveness, said Jacob Wallenberg, Chairman of the Board of Investor, at the honorary doctorate celebration held in his honour at the University of Vaasa. According to Wallenberg, competitiveness can be supported by investments in research and development, infrastructure, more developed European capital markets, fossil-free energy supplies, accelerating AI adoption, as well as by strengthening collaboration between businesses and universities.