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Yes! There's even a whole site devoted to the startup scene in Nordic (and Baltic) countries: http://www.arcticstartup.com/

Cool! (heh)

I want to meet local entrepreneurs who are in tune with the HN ethos, but it's really hard sometimes in Jante country :)

In Finland, there's been quite a lot of happening lately: http://steveblank.com/2011/10/07/the-helsinki-spring/

Er, cough, Spotify...?

+ Skype, Zendesk, Opera, Rovio, among others.

Yeah,because Estonia is Scandinavian country LOL

Janus Friis and Niklas Zennström are both Scandinavians.