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The impact of Tekes and innovation activities 2013. Finnish wellbeing relies on the economic growth created by innovations. Innovation activity is a key driver of economic growth and enables the funding of welfare services in the long term. Innovation funding with proven impact.

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finnish wellbeing relies on the economic growth created by innovations
Finnish wellbeing relies on the economic growth created by innovations

Innovation activity is a key driver of economic growth and enables the funding of welfare services in the long term.

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innovation funding with proven impact
Innovation funding with proven impact

Tekes has partly funded

of well-known Finnish innovations in 1985-2009

In SMEs, an investment of one euro by Tekes produces

of turnover annually

Projects that were completed in 2012 produced

academic theses

For every

of Tekes funding, one permanent job is createdin the private sector

65%

14,000€

21€

840

Projects that were completed in 2012 generated

products, services or processes

SMEs expect projects in2012 to produce

billion euros in turnoverduring the target year

For every euro invested by Tekes, companies increase their own R&D expenditure by

Projects that were completed in 2012 resulted in

patents or patentapplications

6.2

1,260

980

2 euros

Tekes Global Access Program (GAP ) hasincreased GDP by morethan

In the GAP Program, oneeuro invested by Tekeshas generated

47 of the 50fastest-growingtechnologycompanies in Finlandare Tekes customers

over 80 %

1

2

3

of Tekes customers state that the Tekes funding was a significant factor in their success

20 M€

17 €

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labour productivity in the private sector has collapsed in finland due to structural changes
Labour productivity in the private sector has collapsed in Finland due to structural changes

Index, 1995=100

Source: OECD STAN 2013

Labour productivity in industry and private services

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jobs in the private sector have decreased especially in industy
Jobs in the private sector have decreased especially in industy

Work force, 1,000 persons

Source: Statistics Finland, National Economics 2012

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public funding for r d in companies
Public funding for R&D in companies

%

Source: OECD, Research and Development Database

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finland is the leading country in innovation cooperation between companies and research sector
Finland is the leading country in innovation cooperation between companies and research sector

%

Share of innovating companies 2008-2010

Source: Eurostat, Community Innovation Survey

Tekes plays a significant role in creating innovation partnerships between companies, universities and research organisations.

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significance of various actors in early stages of smes
Significance of various actors in early stages of SMEs

Starting a company

0 = No significance100 = Indispensable

Coming up with an invention that can be commercialised

Source: Tekes customer survey in 2012: SME projects that concluded in 2009(number of companies that used the services in brackets)

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significance of various actors in sme r d activities
Significance of various actors in SME R&D activities

0 = No significance100 = Indispensable

Launching a company's own R&D efforts

Source: Tekes customer survey in 2012: SME projects concluded in 2009(number of companies that used the services in brackets)

Enabling vital R&D cooperation projects

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significance of various actors in the globalisation of smes
Significance of various actors in the globalisation of SMEs

0 = No significance100 = Indispensable

Establishing international R&D partnerships

Source: Tekes customer survey in 2012: SME projects concluded in 2009(number of companies that used the services in brackets)

Establishing international customer relationships

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the productivity of tekes customers has increased more compared to other companies in finland
The productivity of Tekes customers has increased more compared to other companies in Finland

Tekes customers received funding from Tekes in 2001. Companiesin the comparison sample have not received funding from Tekes.

Source: Etlatieto Oy, 2012

Growth in productivity in SMEs (3-250 employees 2001-2010)

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tekes funding has played a crucial role in about one half of well known innovations
Tekes funding has played a crucial role in about one half of well-known innovations

Source: VTT Sfinno database, surveys, 957 responses

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significance of tekes funding is highlighted for innovations that are new in the global market
Significance of Tekes funding is highlightedfor innovations that are new in the global market

Source: VTT Sfinno database, surveys, 662 responses

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tekes funding has had a significant impact on innovations based on public research
Tekes funding has had a significant impact on innovations based on public research

Source: VTT Sfinno database, surveys, 194 responses

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results of completed projects
Results of completed projects

Results of projects completed in 2012

  • 520 new or improved products
  • 400 new or improved services
  • 340 new or improved production processes
  • 980 patent applications
  • 840 academic theses

Total 1,590 completed projects

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over 50 percent of the sme projects funded by tekes are commercially successful to a certain degree
Over 50 percent of the SME projects funded by Tekes are commercially successful to a certain degree

%

Source: Tekes customer survey in 2012 for projects that concluded in 2009

Projects funded by Tekes in small and medium-sized companies

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every year approximately one percent of tekes customers bankrupt
Every year approximately one percent of Tekes customers bankrupt

Number of bankrupts

Annually Tekes has approximately 5,000 customers which have received Tekes funding inthe last five years or which have an outstanding Tekes loan. About one percent of these bankrupt every year. In all Finland, about one percent of companies bankrupt.

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young innovative companies yic funded by tekes have grown despite the recession
Young innovative companies (YIC) funded by Tekes have grown despite the recession

Average turnover in thousand euros

YIC companies funded by Tekes, 33 companies. Reference group: companies established in 2003 or later, not part of Vigo, YIC or Growth Channel groups, sales less than EUR 2.5 million in 2006

Source: Rannikko, 2012

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tekes customers are successful
Tekes customers are successful

10 fastest growing companies in Finland in 2013, 9 of which are Tekes customers (growth in 5 years, %):

iLOQ(7 379 %)

Multi Touch (4 024 %)

Dream Broker Oy (2 231 %)Ecolane Finland (2 203 %)

Alekstra(2 069 %)

SLM Finland (1 832 %)

Solinor(1 595 %)

Valopaa(1 516 %)

Paytrail(1 464 %)Eniram Ltd (1 514 %)

Out of 50 fastest growing companies 49 are Tekes customers.

Global Top 300 i.e.Finnish companies on the list of most innovative technology companies, all Tekes customers:

EpicrystalsHyperInKioskedMiradoreModzOvelinRelaxbirthSensegThingLink

In TOP 100KioskedRelaxbirth

Finnish companies on thelist of European hotteststart-up -companies,all financed by Tekes:

Holvi

Jolla

Scartlet Motors

Supercell

Grand Cru

Protogeo

Walkbase

Zen Robotis

Indoor Atlas

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according to an international comparison tekes is one of the world s leading innovation funders
According to an international comparison, Tekes is one of the world's leading innovation funders

Tekes has enhanced the quality andcapabilities of research.

It has also increased cooperation andexternality in addition to improve theinternational competitiveness andproductivity of Finnish companies.

Source: Evaluation of Tekes – Final Report, Publications ofthe Ministry of Employment and the Economy, 22/2012.

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tekes funding creates turnover and jobs
Tekes funding creates turnover and jobs

For every euro invested byTekes, companies increasetheir R&D expenditureby 2 euros.

For every 14,000 euros ofTekes funding, one permanent job is createdin the private sector.

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tekes funding increases cooperation and shares distributes the risks of innovation
Tekes funding increases cooperation and shares distributes the risks of innovation

Tekes funding affects company strategies, cooperation between companies, and the challenge level, risks, quality and methods of projects.

Tekes' financial incentives and programmes have had a major impact on the innovation cooperation of companies, universities and research institutes.

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