This report is a descriptive account of the major features of the Venture Capital (VC) Industry in Finland. It has been prepared as a background report for a project entitled Venture Fun, carried out in an EU Network of Excellence PRIME and funded from the Sixth Framework Programme. The report...

The paper summarizes the findings obtained during the first year of the Venture Fun project, carried out in an EU Network of Excellence PRIME and funded from the Sixth Framework Programme. The paper defines the central concepts of the project, identifies questions for further elaboration and...

This report studies Finnish growth-orientated nascent entrepreneurship on the basis of an extensive computer-aided telephone survey. The findings suggest that growth-orientated entrepreneurs are typically well-educated men with a technical degree; they have prior managerial and/or entrepreneurial...

We summarize and compare previous studies considering the impact of R&D subsidies on firm-level labor productivity. These studies conclude quite consistently that the subsidies provided by Tekes do not have statistically significant impact on its client firms’ labor productivity. These studies...

There are almost 200,000 enterprises operating in the Finnish service sector, combined. However, not all of the service industries are the same. Some services have become independent of geographical locations, meaning that they can be exported, much like physical products. Other services still...

The turnover of the companies in North Savo in 2011 was nearly 10 billion euros, of which industry accounted for just under a third. The industrial structure of the region is not strong, but on the other hand it is not alarmingly thin either, because it does have certain successful niches. North...

As part of its environmental programme The Finnish National Fund for Research and Development (Sitra) ordered a report from Etlatieto about the status of venture capital (VC) investment in environmental industries including a plan for development of its statistics. A similar report on Finland`s...

Definition and Statistical Monitoring of Environmental Industry Increased Competitiveness for the Environmental Sector. Commissioned by The Finnish National Fund for Research and the Ministry of Trade and Industry, Etlatieto Ltd conducted a study to define environmental business activities and...

An important prerequisite for the renewal of Finland’s industrial and economic base is the ability of the universities to promote the renewal of the knowledge base. The UNI project studied ways in which changes in external funding mechanisms and recent governance changes in Finnish...

While societal expectations for university research have grown, university research has become more and more dependent on external funding sources. External funding has substantially increased at Finnish – and also UK – universities, and currently in practice a major share of university...