1/2006

Helsinki, 2008

Jaakko Helenius M.Sc. MBA

Managing Director

Helsinki Business and Science Park Ltd (HBSP) provides development, production and marketing support services for innovations that originate from academic research, but under a business environment. One aim is to create new startup companies through the HBSP incubator system. Existing companies, and research institutes derive a mutual benefit through HBSP.

The main fields of operation are biotechnology, diagnostics and medical technologies, food technology and environmental technology.

HBSP is located in both the Viikki (Bio) and Meilahti (Medical) campuses in the city of Helsinki.

2/2006

• Over 1.2 million inhabitants (population

in Finland over 5.2 million)

• Highest level of education in Finland

• 16 universities and polytechnics

• More than 60,000 companies

• 30% of jobs of Finland as a whole

FINLAND

Helsinki

Helsinki Region

Finland• Population over 5.2 million

• Enterprises appr. 220 000, 99.8% SMEs

• Mobile phone penetration 91% (2003)

• Broadband internet connections

penetration 48% (2003)

• Finnish R&D to 3.5% of GDP (2003)

3/2006

In figures:

OPERATIVE COMPANIES

• 23 science parks • 550 employees• 100m€ turnover• 7 500 business contacts

SCIENCE PARKS• 1 600 enterprises and other organisations• 32 000 experts • over 1 000 000 m2

Member of Tekel

4/2006

Helsinki Business and Science Park Ltd – HBSP

Facts

Established 1992• full-time activity 1996

Facilities (Viikki and Meilahti)• total 16 000 m2

15 Employees• +4 outsourced

Turnover 2.8 million €

Industry federations

(5)14 %

SITRA, Finnish

national fund14 %

University of Helsinki

14 %

Ministry of Education

29 %

City of Helsinki

29 %

Ownership of HBSP

5/2006

Helsinki Region – Strong in industry/academia collaboration

Biotech industry in Finland

57 % sector’s jobs established and 67% sector’s turnover comes from Helsinki Region

Biotech companies andorganizations in Finland totaled 137• Helsinki Region 45 %• Turku 32 %• Tampere 6 %• Kuopio 8 %• Oulu 4 %• Others 5 %

(ref. FIB Index 2003)

• Ranked in 74th place the Best Universities in the World

o 11 facultieso 38 000 degree students and 7 500 staffo Annually 4 000 master’s degree and 355 doctorates

Academic quality – University of Helsinki

Together with Viikki and Meilahti campuses receive 46 % of the Academy of Finland’s biotech money.

6/2006

Customers – Tenant StructureT

iede

o poi

kkiti

etee

llisy

ys, n

eutr

aliu

s

University of Helsinki, University Hospital

Helsinki Region

Pharmaceutical/Medtech/Welfare/Food/Other Industries

Otherservice

provides law

accountIT-service

market analysisfinancing

etc..

Un

iver

sity

Res

earc

h I

nst

itu

tes Start-ups SMELife Science/High technology

Idea

7/2006

Services – HBSP• Premises and Office services

– Real estate management and maintenance services– Office and entrance hall service – Security services

• Laboratory and Instrument services– Clean-up and waste disposal services (with special demand)– Laboratory utensil care– Chemical storages, constant temperature rooms – Core facility services (University of Helsinki)

• Business services– feasibility, market analysis– strategy, business plan– business and technology training– mentor-program– network/co-operation partners

• Financial services– alternatives, matching– negotiations, agreements

• Local and international contact network; Industry, University

• Others; Accounting, legal, IT, marketing and library services

[No.] Year

Service facilities

Produced services

Service providers

1999 7 8 2

2004 23 60 31

8/2006

Viikki – BioCampus Institute of Biotechnology

Cultivator II (HBSP)

Cultivator I (HBSP)

Info Center Korona

University• Four University faculties: Agriculture and Forestry, Biosciences, Pharmacy,

Veterinary Medicine

Others• Two Centres of Expertise• Game and Fisheries Research• National Veterinary and Food

Research Institute of Finland

Facts• 6 000 students• 2 500 staff• 40 (+field 160) hectares

One of the largest bio-campuses in Europe

9/2006

Meilahti – Medical Campus

University Central Hospital and Hospital District of Helsinki and Uusimaa

Biomedicum

University• Faculty of Medicine • Helsinki University Central Hospital

Other• Centre of Expertise• National Public Health Institute KTL• Finnish Institute of Occupational Health TTL

Facts• 2 000 students• 1 500 staff• 20 hectares

FO

TO

: JU

HA

TIA

INE

NBasic and clinical research productively combined

10/2006

Companies in Viikki and Meilahti campuses

Cultivator I and II– 30-40 companies p.a.– 5 research groups from University of

Helsinki– 1 research institute

Viikki Area– 8 companies

Meilahti Area – Biomedicum 2– 15 companies

Kumpula Area– 1 company

South Finland– Appr. 250 food(technology) companies

Appr. 55 companies or research groupsNearly 400 employees

Service29 %

Other24 %

Food5 %

R&D3 %

Health Care5 %

Pharma / Diagnostics Enzymes Reagents

31 %

Environment3 %

11/2006

Companies by sector and maturity

Start-up Later Stage

Drug Discovery

Diagnostics

Manufacturing

Treatment

Foodtechnology

Wellness

Services

Glykos Finland ltd.excellence in glycobiology

12/2006

Finnish Innovation system – Network, Partners

Mentors

HSE

Hanken

Finpro

…

Service providers

Innovation Agents(University)

TEKES(R&D)

TULITUPAS(Tekes)

Venture Cup

Universities

ResearchInstitutes

Industry

Sitra

Private Investors

Finnvera

Banks

Institutions

Venture Capital

(seed/late)

Industrial Investors

Licentia

Foundation for Finnish Inventions

LIKSA(Tekes, Sitra)

Tekes loans, R&D

TE-Center

TESI

Idea, Innovation Start-ups, Spin-off Start-ups/SME (Growth)Evaluation Strategy, Business Plan Finance

Helsinki Business and Science Park Ltd

13/2006

Special themes in the Finnish system

Clusters

• The Centre of Expertise Programme (OSKE), is a special government programme aimed at focusing regional resources and acticvities on development areas on key national importance

• 13 clusters: HealthBIO, Food Tech, ICT, Cleantech, Nanotech, Energy Tech, Forestry, etc.

• The local centres of expertize (21) take care of implementing

• Some (local) clusters which are initiated by the relevant industry itself and are functioning without major public support

• The cluster - idea is well received in Finland and is widely implemented

14/2006

Special themes in the Finnish system

Tekes – Finnish Funding Agency for Technology and Innovation

• Large national, publicly funded and controlled project provider for both research intitutes, large corporations and SME’s

• Currently running 20 innovation programs, in every industry sectors

• Total amount of annual funding (grant, loans) app. 550 million euros - funding up to 100 % of the costs

• Focus on high tech companies and internationalization of the firms

15/2006

Special themes in the Finnish system

Cooperation

• Many publicly funded programmes require cooperation between firms themselves, and between firms and research insititutes

• Clear job descriptions. On the top of that cooperation is the most effective, it’s more a stage of mind ?

• OSKE – Programme is a change - agent programme which initiates cooperation within an industry

16/2006

Special themes in the Finnish system

Involvement at the project development stage

• Business parks are not involved in the development stage of the university research programs (however help to screen possibilities)

• Some university projects are funded by Tekes (Finnish Funding Agency for Technology and Innovation), requires a plan how to commercialize the innovation

• Legistlation regarding universities is changing, focus also on the business - and other impact on the society

• Business parks should have a role, a bridge between research and the commercialization

• The Centre Of Expertise Programms are part of a coordinated policy and thus

17/2006

Special themes in the Finnish system

Funding

• Still having a problem in the seed stage financing, especially in biotech - Business - angels

• Business parks usually don’t provide funding, but help in applying for it

•A start –up entrepreneur can apply for Tekes-funded TULI investment that is normally intented for the preparation of market surveys by external consultants

• Funding at the later stage is easier to find

• Venture capital market is already well - developed