Tekesthe Finnish Funding Agency for

Technology and Innovation

Innovation - more than technology

Tekes - what do we do and why

Examples - of successful R&D work

Finland - committed to invest in R&D

Facts - and figures

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What is innovation?

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Knowledge and competence used in a manner that is new in economy or society

technology – society environment – business

user – design

Innovation activity is a key driver of economic growth and enables thefunding of welfare services in the long term.

Finnish wellbeing relies on the economic growth created by innovations

Innovation - more than technology

Tekes - what do we do and why

Examples - of successful R&D work

Finland - committed to invest in R&D

Facts - and figures

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Expertise and networks for innovations

Tekes services• Funding for innovative R&D and business

• Networking Finnish and global companies and researchers

• Tekes is non-profit and takes no equity or ownership on intellectual property.

Customers• Finnish and international companies located in Finland

• Universities, research institutes, hospitals etc.

Resources• Budget: 600 million euros annually

• Personnel: 360 in Finland and abroad

• Public agency under the Ministry of Employment and the Economy

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Tekes has a significant influence on innovations

Source: VTT Sfinno database, 1985-2007 commonly recognised Finnsh innovations

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Funding from Tekeshad a small role, 11 %

Funding from Tekeshad a significant role51 %

No funding fromTekes, 38 %

Tekes funding has had a significant impact on more than half of well-known Finnish innovations.

The impact of Tekes funding is emphasized in innovations that required a scientific breakthrough or that are new to the global market.

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Tekes aims to

build a strong networked knowledge base

renew the economy and create new businesses

increase productivity in industries and service sector

enhance wellbeing in society and improve environmental sustainability

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How do we work?

Tekes encourages companies to do challenging R&D • Funding for the creation of new know-how and development of products,

processes and service or business concepts

• We accept more risks than private financiers

Tekes facilitates collaboration and networking• between small and large businesses

• industry and the academia

• public and private organisations

• globally – nationally – regionally

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Key principles: confidentiality and dialogue

Continuous dialogue with both industry and academia• to plan Tekes programmes

• to define future strategies

Confidentiality • applications are evaluated in-house

• companies may submit applications anytime

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• Priority to growth-seeking, innovative SME’s

• Increased focus on forerunners and strategic innovations

• Customer success in global value networks• Services and non-technical contents equally

important as industry and technologies

• Tekes will be a more essential part of the innovation services cooperation network

• More customer-oriented and flexible approach

Strategy in a nutshell

Growth and wellbeing from renewal

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Strategic research areasdetermined by the Strategic

Centres for Science, Technology and

Innovation

Added value by solution-based services and intangible concepts

Business in global value networks

Renewing services and production by digital means

Naturalresources and

sustainableeconomy

Intelligentenvironments

Vitalityof people

Focus areas

Tekes R&D funding in 2012Total 570 million euros and 1,640 projects

The funding for R&D includes 14 million euros from EU Structural Funds.

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R&D grants to companies and

public organisations236 million euros

R&D loans to companies117 million euros

Research fundingfor universities,research institutesand polytechnics217 million euros

Impacts of R&D funding

Tekes’ s clients have experienced more rapid growth than companies in the business register in general.Business Aid Database Creation: Final Report by the Working Group (2006)

R&D funding increases the growth, activeness in seeking patents and demand for labour of companies and reduces the likelihood of business closures and mergers.Hovi et al. (2006)

R&D funding has increased the growth of productivity and improvedemployment in companies with a well compensated R&D.Piekkola (2006)

Nearly two in three companies perceived Tekes funding to have helped the company increase its net sales.Pekkanen et al. (2004)

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Innovation - more than technology

Tekes - what do we do and why

Examples - of successful R&D work

Finland - committed to invest in R&D

Facts - and figures

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Tekes customers are successful

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Global Top 300 i.e. Finnish companies on the list of most innovative technology companies,

all Tekes customers:

EpicrystalsHyperInKioskedMiradoreModzOvelinRelaxbirthSensegThingLink

TOP 100:Kiosked Relaxbirth

10 fastest growing companies in Finland in2012, 8 of which are Tekescustomers (growth in 5 years, %):

Dream Broker Oy (2712 %)

Nord Software Oy (2052%)

Analyse2 (1641 %)

Eniram Ltd (1514 %)

Aito Technologies Oy (1437 %)Klikkicom Oy (1200 %)

Vincit Oy (1036 %)

Nethit Oy (1036 %)

Rongo Oy (850 %)

Beneq Oy (801 %)

Finnish companies on the list of European hottest start-up -companies,all financed by Tekes:

Ovelin Kiosked Tinkercad Audiodraft Grand Cru Mendor Powerkiss Steam Republic Thirdpresence Grey Area

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Successful gaming industry one of Finland's strong points

Global gaming industry worth about USD 50 billion in 2008 (export value of the Finnish gaming industry about EUR 75 million)

Finnish international success stories such asAngry Birds, Habbo Hotel, Max Payne

Strong gaming culture (Assembly computerfestival) and technology know-how behind thesuccess

Digital distribution of games the next big thing Play Finland attracts international publishers

and investors Tekes has supported the Finnish gaming

industry strongly since 2001 www.playfinland.fi

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More efficient recycling of alkaline batteries

AkkuSer Oy

Idea

Energy-efficient chemical processing for used alkaline batteries

Impact

Recovery rate will rise above 80 percent.

Tekes role Functional Materials Programme Chemical models charted with Tekes funding

www.akkuser.fi/video

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Multi-storey buildings with technology that borrows from ship-building

Idea

Applying core panel technology borrowed from ship-building in the construction sector

Impact 

The share of prefabrication increases also in multi-storey buildings, improving quality and reliability. The structure also offers high energy

efficiency.

Tekes role  funding for the company funding for developing steel core panel technology

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Neapo Oy

Innovation - more than technology

Tekes - what do we do and why

Examples - of successful R&D work

Finland - committed to invest in R&D

Facts - and figures

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Encouraging innovation environment

Growing investments in R&D – public and private

Active dialogue involves companies, research institutes and public sector

Innovation leader – one of the four innovation leaders in EuropeInnovation Union Scoreboard 2010

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” There's a pragmatic, productiveand can-do attitude that goesalong with research in Finland.

Also, in my view there's less of paperwork and red tape to do,which makes research quicker.

Andreas HefnerHead of Research Ciba Specialty Chemicals

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Recent developments

New innovation strategy demand-based innovations innovative individuals and

communities international networking systemic approach

11-2009

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Recent developments

Strategic Centres for Science,

Technology and Innovation Forestcluster Ltd Information and

communications industries and services (TIVIT Ltd)

Energy and environment (CLEEN Ltd)

Metal products and mechanical engineering (FIMECC Ltd)

Health and wellbeing (SalWe Ltd)

Real estate and construction (RYM Ltd)

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Innovation - more than technology

Tekes - what do we do and why

Finland - committed to invest in R&D

Facts - and figures

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Key figures 2012

01-2013

21€in annual turnover

In SMEs, one euro fromTekes produces

Applications processed in

days

71

of company funding toSMEs

68 %

The projectscreated 1,260new or replacingproducts, services orprocesses

2,900funding applications

1,700development ideas tested

1,240rejected applications

350 million euros forcompany projects,of which 135million for younggrowth companies

6.2 billion euros

Target year turnoverexpected from companyprojects

50 out of 47fastest-growingtechnologycompanies in Finlandare Tekes customers

123

Funding for companies andresearch organisations,570 million euros

570 M€

€

Results of completed projects

Results of projects completed in 2012 520 new or improved products 400 new or improved services 340 new or improved production processes 980 patent applications 840 academic theses

Total 1,590 completed projects

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Million euros

Tekes R&D funding by sectors

2003 2004 2005 2006 2007 2008 2009 2010 2011 20120

50

100

150

200Services

Industry

Other sectors

Construction is included in the industrial figures.

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Keep in touch!

Information about Finnish innovation environment, Tekes activities

interesting publications and research and development projects

www.tekes.fi/en

Subscribe to Tekes Newsletter at

www.tekes.fi/en/newsletter

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