The dramatic increase in scientific publications and citations from Finland demonstrates the effectiveness of the national policy on innovation and highlights the impressive pool of talent available to pharmaceutical companies.

The advanced innovation system is maintained by a number of organizations in Finland that help support research at universities and with the private sector. Of the national organisations which provide funding for innovation systems, the Academy of Finland provides funding for basic research, while The National Technology Agency TEKES provides funding for applied technical research. The Finnish National Fund for Research and Development SITRA and private venture capital investors provide funding to launch the products onto the market.

The basis for the innovation strategy for the Helsinki region is to ensure that the competitiveness of Finland in the future is based only on the highest expertise, specialisation and improving on strengths.

“Commitment and coordinated action of regional authorities, a regional plan that is actively promoted.”  – Biotechnology in Finland, Publications of the Academy of Finland 11/02

Innovation system and VC financing
Academy of Finland 
Culminatum, Helsinki Region Centre of Expertise
Tekes, Finnish Funding Agency for Technology and Innovation
Finnish National Fund for Research and Development SITRA
Finnish Industry Investment
Finnish Venture Capital Association 

Advisory services, licensing, technology transfer and commercialisation
Employment and Economic Development Centre for Uusimaa
Finpro
Foundation for Finnish Innovations
IPR University Center
Licentia
Spinno Business Development Centre

Governmental and regulatory officials
Board for Gene Technology
Ministry of Education
Ministry of Industry and Trade
Ministry of Social Affairs and Health
National Agency for Medicines
National Research and Development Centre for Welfare and Health (STAKES)