The aim of this paper is to broaden the knowledge concerning the development of Finnish firms’ innovation activities. The results show that during 2008–2017 the share of overseas R&D has risen. Currently, 14–25% of Finnish firms’ total R&D are conducted overseas. If Nokia is taken into...

In recent years, business angels have invested in a few hundred Finnish firms annually. The target firms are mainly young and small: 75% of them employ fewer than 10 workers and are less than 8 years old. These firms are most likely to be found in the ICT and professional service industries and...

In this paper, we shed new light on the productivity impact of breakthrough patents, as well as their role in the variability of productivity across countries. We use text analysis and machine learning-based estimates of the number of breakthrough patents and show that there was a significant...

In this paper, we shed new light on the productivity impact of breakthrough patents, as well as their role in the variability of productivity across countries. We use text analysis and machine learning-based estimates of the number of breakthrough patents and show that there was a significant...

This study investigates the relationship between innovations and firm growth, based on the data of Finnish firms operating in the software industry. We find that in terms of turnover and employment, firms with only technological innovations do not grow more rapidly than other firms. However,...

In this paper, we examine firm innovation and its link to firm growth. Instead of using the conventional conceptualization and operationalization of innovation in terms of the R&D budget, we use a more elaborate 12-dimensional conceptualization, which takes into account also the...

Tutkimuksessa tarkastellaan Nokiaa osana Suomen innovaatiojärjestelmää. Nokia toimii sekä innovaatioresurssien käyttäjänä että uusien resurssien tuottajana. Nokialla on suuri vaikutus siihen, että Suomen tutkimus- ja tuotekehityspanostukset suhteessa BKT:hen on maailman kärkiluokkaa....

The report looks at Nokia in the Finnish innovation system. Nokia serves both as a user and as a producer in the innovation system. Nokia has had a remarkably positive impact on Finland’s very high ratio of R&D expenditure to GDP. Moreover, at least partly due to Nokia, Finnish exports of...