According to city council member Marcus Rantala said he wants the city to get operations up and running soon, saying Startup Maria could already be open by this summer - at least to some extent.
"Everyone was pleased with the decision, this is a big opportunity for Helsinki," Rantala said.
Organisers will set up offices on premises of the former Maria Hospital in downtown Helsinki, and will occupy a total of between six to seven thousand square metres.
Once it is up and running, it will be the largest cluster of startups in the Nordic countries.
The non-profit Startup Maria project will be organised by the city of Helsinki, startup foundation Startup-säätiö and Uusyrityskeskus Finland (roughly translated new company centre), a group that helps potential entrepreneurs with setting up a company, applying for funding and helping out companies still in the startup phase.