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Spinverse News (23)

Turning Finnish research into commercial success: Evaluation of the Tekes TULI Programme shows need to focus on results

Finland has been criticized for its ability to turn R&D investments into commercially successful innovations. The evaluation of the Tekes programme “Creating Business from Research” (TULI) showed that the structures and competences for commercialization – as well as attitudes – have developed substantially during the last 10 years. While this competence-building phase was necessary, it is now time to move on to the next level where success is measured by commercial results.

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“Will Finland pay for innovations of others?” – Pekka Koponen’s column in Kauppalehti

The European Commission is launching the biggest Framework Programme for Research and Innovation, Horizon 2020. Its budget of 70 billion for seven years is the biggest of its kind in the world. In the previous Framework Programme, Finland was a net recipient: we received 1.33 times more money than we contributed. Many things will change this time around and there is a possibility that we’ll be left with nothing.

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The growth of CTO investments declines in Finland

According to the annual Chief Technology Officer (CTO) Survey by Spinverse, investments in research and development (R&D) will increase in 2013 in almost half of the Finnish companies, and almost a third of the companies will recruit more this year. However, CTOs are not as optimistic as in the previous years: less companies are increasing investments and recruitment.

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