The impact of Tekes and
innovation activities
2013
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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
Tekes has partly funded
65%
of well-known Finnish
innovations in 1985-2009
Projects that were
completed in 2012
generated
In SMEs, an investment
of one euro by Tekes
produces
21€
840
of turnover annually
academic theses
SMEs expect projects in
2012 to produce
For every euro invested
by Tekes, companies
increase their own R&D
expenditure by
1,260
6.2
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
Projects that were
completed in 2012
produced
over 80 %
of Tekes customers state
that the Tekes funding was
a significant factor in their
success
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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 €
Labour productivity in the private sector has
collapsed in Finland due to structural changes
Labour productivity in industry and private services
Index, 1995=100
Source: OECD STAN 2013
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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
%
Source: OECD, Research and Development Database
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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.
%
Share of innovating companies 2008-2010
Source: Eurostat, Community Innovation Survey
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Significance of various actors in early stages of
SMEs
Starting a company
0 = No significance
100 = 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
Enabling vital R&D cooperation projects
0 = No significance
100 = 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)
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Significance of various actors in the globalisation of
SMEs
Establishing international customer relationships
0 = No significance
100 = 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)
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The productivity of Tekes customers has increased
more compared to other companies in Finland
Growth in productivity in SMEs (3-250 employees 2001-2010)
Tekes customers received funding from Tekes in 2001. Companies
in the comparison sample have not received funding from Tekes.
Source: Etlatieto Oy, 2012
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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
Source: VTT Sfinno database, surveys, 662 responses
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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 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
Projects funded by Tekes in small and medium-sized companies
%
Source: Tekes customer survey in 2012 for projects that concluded in 2009
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Every year approximately one percent of Tekes
customers bankrupt
Number of bankrupts
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.
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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
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:
Epicrystals
HyperIn
Kiosked
Miradore
Modz
Ovelin
Relaxbirth
Senseg
ThingLink
In TOP 100
Kiosked
Relaxbirth
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Finnish companies on the
list of European hottest
start-up -companies,
all financed by Tekes:
Holvi
Jolla
Scartlet Motors
Supercell
Grand Cru
Protogeo
Walkbase
Zen Robotis
Indoor Atlas
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.
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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.
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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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