1. The impact of Tekes and
innovation activities
2013
DM 1114485
04-2013

2. 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.
DM 1114485
04-2013

3. Innovation funding with proven impact
Tekes has partly funded
65%
of well-known Finnish
innovations in 1985-2009
In SMEs, an investment
of one euro by Tekes
produces
21€
Projects that were
completed in 2012
produced
840
of turnover annually
academic theses
Projects that were
completed in 2012
generated
SMEs expect projects in
2012 to produce
1,260
6.2
For every euro invested
by Tekes, companies
increase their own R&D
expenditure by
products, services or
processes
billion euros in turnover
during the target year
47 of the 50
1
fastest2
growing
3
technology
companies in Finland
are Tekes customers
over 80 %
of Tekes customers state
that the Tekes funding was
a significant factor in their
success
DM 1114485
2 euros
Tekes Global Access
Program (GAP ) has
increased GDP by more
than
20 M€
04-2013
For every
14,000€
of Tekes funding, one
permanent job is created
in the private sector
Projects that were
completed in 2012
resulted in
980
patents or patent
applications
In the GAP Program, one
euro invested by Tekes
has generated
17 €

4. Labour productivity in the private sector has
collapsed in Finland due to structural changes
Labour productivity in industry and private services
Index, 1995=100
175
Sweden
150
USA
125
Finland
100
Germany
75
50
25
0
1980
1984
1988
1992
1996
2000
Source: OECD STAN 2013
DM 1114485
04-2013
2004
2008
2012

5. Jobs in the private sector have decreased
especially in industy
Work force, 1,000 persons
700
Public
services
600
Industry
and mining
500
400
Trade,
accommodation
and food services
300
200
Other private
services
(incl. Banking
and insurance)
100
0
1975
1980
1985
1990
1995
2000
Source: Statistics Finland, National Economics 2012
DM 1114485
05-2013
2005
2010

6. Public funding for R&D in companies
USA (2011)
Austria (2009)
Norway (2010)
Estonia (2011)
Great Britain (2011)
France (2010)
New Zealand (2009)
OECD (2010)
EU 27 (2010)
Korea (2010)
Ireland (2011)
Italy (2010)
Sweden(2011)
Israel (2010)
China (2010)
Germany(2011)
Canada (2011)
Netherland (2009)
Finland (2011)
Denmark (2011)
Switzerland (2008)
Japan (2010)
0
2
4
6
Source: OECD, Research and Development Database
DM 1114485
04-2013
8
10
12
14 %

7. Finland is the leading country in innovation cooperation
between companies and research sector
Tekes plays a significant role in creating innovation partnerships
between companies, universities and research organisations.
FINLAND
Austria
Belgium
Denmark
Netherlands
Sweden
Norway
France
Germany
Portugal
Italy
Universities
Research organisations
0
5
10
15
20
25
Share of innovating companies 2008-2010
Source: Eurostat, Community Innovation Survey
DM 1114485
04-2013
30 %

8. Significance of various actors in early stages of
SMEs
Starting a company
80
Venture capitalists
(74)
Tekes (219)
Finnvera (110)
Sitra or Finnish
TE/Ely Centre (112)
Industry Investment
Ltd.(23)
EU Framework
Programme (29)
60
40
Finpro (23)
20
0 = No significance
100 = Indispensable
0
0
20
40
60
80
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)
DM 1114485
04-2013
100

9. Significance of various actors in SME R&D
activities
Enabling vital R&D cooperation projects
80
Tekes (263)
EU Framework
Programme (33)
60
Venture capitalists
(74)
Sitra or Finnish
Industry Investment
TE/Ely Centre (112)
Finnvera (112) Ltd. (25)
40
Finpro (27)
20
0 = No significance
100 = Indispensable
0
0
20
40
60
80
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)
DM 1114485
04-2013
100

10. Significance of various actors in the globalisation of
SMEs
Establishing international customer relationships
80
Finpro (33)
60
Venture Capitalists
(67)
EU-Framework
Programme (34)
Tekes (232)
Finnvera (101)
Sitra or Finnish
Industry Investment
Ltd. (24)
TE/Ely Centre (110)
40
20
0 = No significance
100 = Indispensable
0
0
20
40
60
80
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)
DM 1114485
04-2013
100

11. The productivity of Tekes customers has increased
more compared to other companies in Finland
Growth in productivity in SMEs (3-250 employees 2001-2010)
140
130
Tekes
Customers
120
Comparison
sample
All SMEs
110
100
01
02
03
04
05
06
07
08
09
Tekes customers received funding from Tekes in 2001. Companies
in the comparison sample have not received funding from Tekes.
Source: Etlatieto Oy, 2012
DM 1114485
04-2013
10

12. Tekes funding has played a crucial role in about
one half of well-known innovations
12%
Tekes funding
had a minor role
Tekes funding
had a crucial role
No Tekes funding
35%
53%
Source: VTT Sfinno database, surveys, 957 responses
DM 1114485
04-2013

13. Significance of Tekes funding is highlighted
for innovations that are new in the global market
13%
Tekes funding
had a minor role
Tekes funding
had a crucial role
No Tekes funding
29%
58%
Source: VTT Sfinno database, surveys, 662 responses
DM 1114485
04-2013

14. Tekes funding has had a significant impact on
innovations based on public research
6% 6%
Tekes funding
had a minor role
Tekes funding
had a crucial role
No Tekes funding
88%
Source: VTT Sfinno database, surveys, 194 responses
DM 1114485
04-2013

15. 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
DM 1114485
04-2013

16. Over 50 percent of the SME projects funded by Tekes are
commercially successful to a certain degree
Projects funded by Tekes in small and medium-sized companies
%
60
50
40
30
20
10
0
Commercial success
was very good,
good or fair
Commercialisation
has not yet
happened
Commercial
success was
poor
Commercialisation
failed
Source: Tekes customer survey in 2012 for projects that concluded in 2009
DM 1114485
04-2013

17. Every year approximately one percent of Tekes
customers bankrupt
Number of bankrupts
90
86
80
70
67
60
50
40
30
58
53
40
37
42
48
47
28
20
10
0
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Annually Tekes has approximately 5,000 customers which have received Tekes funding in
the 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.
DM 1114485
04-2013

18. Young innovative companies (YIC) funded by
Tekes have grown despite the recession
Average turnover in thousand euros
2,000
YIC
1,800
1,600
Reference
1,400
1,200
1,000
800
600
400
200
0
2006
2007
2008
2009
2010
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
DM 1114485
04-2013

19. Tekes customers are successful
10 fastest growing companies
in Finland in 2012, 8 of which
are Tekes customers
(growth in 5 years, %):
Dream Broker Oy (2712 %)
Nord Software Oy (2052%)
Analyse2 (1641 %)
Eniram Ltd (1514 %)
Aito Technologies Oy
(1437 %)
Klikkicom Oy (1200 %)
Vincit Oy (1036 %)
Nethit Oy (1036 %)
Rongo Oy (850 %)
Beneq Oy (801 %)
Global Top 300 i.e.
Finnish companies on the
list of most innovative
technology companies, all
Tekes customers:
Epicrystals
HyperIn
Kiosked
Miradore
Modz
Ovelin
Relaxbirth
Senseg
ThingLink
TOP 100:ssa
Kiosked
Relaxbirth
DM 1114485
04-2013
Finnish companies on the
list of European hottest
start-up -companies,
all financed by Tekes:
Ovelin
Kiosked
Tinkercad
Audiodraft
Grand Cru
Mendor
Powerkiss
Steam Republic
Thirdpresence
Grey Area

20. According to an international comparison, Tekes is
one of the world's leading innovation funders
Tekes has enhanced the quality and
capabilities of research.
It has also increased cooperation and
externality in addition to improve the
international competitiveness and
productivity of Finnish companies.
Source: Evaluation of Tekes – Final Report, Publications of
the Ministry of Employment and the Economy, 22/2012.
DM 1114485
04-2013

21. Tekes funding creates turnover and jobs
For every euro invested by
Tekes, companies increase
their R&D expenditure
by 2 euros.
For every 14,000 euros of
Tekes funding, one
permanent job is created
in the private sector.
DM 1114485
04-2013

22. 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.
DM 1114485
04-2013