The renewal of Finnish manufacturing companies has often been addressed through their innovative activities. But companies do renew themselves in many other ways. This report takes into account, in addition to innovative activities, product and service range, supply and distribution channels,...

This paper compares the post-investment value-added activities performed by governmental venture capital (GVC) and independent venture capital (IVC) for their portfolio companies, and controls for the selection effect that the different investment profiles of these investors might have on the...

In this paper our aim is to assess the evolution of the Finnish biotechnology sector during the 2000's. Particular focus is given to the growth expectations and realized outcomes of Finnish biotechnology companies, to the evolution of public investments, and to potential determinants of company...

This paper aims to provide an overview of the recently introduced demand based innovation policy instrument in Finland - the Strategic Centers for Science, Technology and Innovation (in Finnish - SHOKs). SHOKs are formed to support the innovative activities of existing industries in Finland with...

This study examines the researcher's perspective on the impact of recent major changes in the Finnish research environment. Three virtually simultaneous changes are of special importance. The first is the on-going renewal of the Universities Act governing the Finnish higher education system in...

Climate change is a major global challenge and governments around the world are now promoting environmental technologies to address both climate change and realize new employment and growth opportunities in this rapidly expanding area. Investments have reached unprecedented levels and stimulus...

In order to shed light on the consequences of the ongoing financial crisis, ETLA conducted two surveys at the end of October 2008. The firm survey targeted firms employing at least 10 persons in Finland (2,017 observations with a response rate of 33%) and the consumer survey targeted...

We make several findings related to the dynamics of labour markets and industry life cycles in our analysis, which makes use of longitudinal employer-employee data that cover the whole working age population in Finland. Firstly, we find that across industry transitions of the employed are...

The role and tasks of polytechnics in Finland have been debated in recent years. These discussions have brought forth questions regarding the division of labour between the polytechnics and universities, the position of polytechnics in the Finnish national innovation system, and the size and...

This paper aims to establish how the innovative activity in Finland has changed over time in the transition from a resource-driven economy to a knowledge-driven economy. The paper first takes a historical perspective on innovation and industrial activity in Finland through a descriptive...