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3XEOLFVHFWRUDFWLYLWLHVRI5 'LQ)LQODQG PARLIAMENT Science and Technology Policy Council Ministry of Education Academy of Finland Universities GOVERNMENT Ministry of Trade and Industry Tekes VTT Other ministries and their institutes Sitra Finnvera Oyj Finpro Regional TE-Centres Courtesy : Veli-Pekka Saarnivaara
,PSDFWRI7HNHVDFWLYLWLHV To increase exports, broaden Finland s industrial base, generate new jobs, expand welfare. competitiveness profitability growth new businesses new enterprises Enterprises projects and programmes international co-operation Research institutes and universities Courtesy : Veli-Pekka Saarnivaara Tekes l provides expert services and R&D funding l co-ordinates programmes
6WDUWXSRIQHZWHFKQRORJ\LQWHQVLYHFRPSDQLHV ILQDQFLHUVDQGSURPRWRUV $ Public investments, benefits Cash flow of a company Financing for development of business and internationalization (Finnvera ) Venture capital financing (private) Venture capital financing (seed, start-up; Sitra, TESI) Time Funds for knowledge improvement in business and finance (Tekes, science parks) R&D funding (grants, risk loans, capital loans; Tekes) Search and identification of new ideas for start-ups (Tekes, science parks) Applied research (Tekes) Strategic basic research (Tekes) Curiosity research (Finnish Academy) Courtesy : Veli-Pekka Saarnivaara
,QQRYDWLRQ3URFHVV 5HVRXUFHVDQG)XQGLQJLQ Million FIM Public Private Academy of Finland Universities Tekes Tekes 2.400 Basic research Applied research Business R&D Courtesy : Veli-Pekka Saarnivaara VTT From abroad Ministeries ME MTI, TE-Centres Other min, sectoral research Companies Small business angels Venture Capitalists private Tesi Sitra Finpro Found. Fin. Innov. Finnvera Business development Marketing Intermationalization
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