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The impact of Tekes and innovation activities 2013

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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The impact of Tekes and innovation activities 2013

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

  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

  3. 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 € DM 1114485

  4. 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 DM 1114485

  5. Jobs in the private sector have decreased especially in industy Work force, 1,000 persons Source: Statistics Finland, National Economics 2012 DM 1114485

  6. Public funding for R&D in companies % Source: OECD, Research and Development Database DM 1114485

  7. 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. DM 1114485

  8. 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) DM 1114485

  9. 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 DM 1114485

  10. 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 DM 1114485

  11. 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) DM 1114485

  12. Tekes funding has played a crucial role in about one half of well-known innovations Source: VTT Sfinno database, surveys, 957 responses DM 1114485

  13. Significance of Tekes funding is highlightedfor innovations that are new in the global market Source: VTT Sfinno database, surveys, 662 responses DM 1114485

  14. Tekes funding has had a significant impact on innovations based on public research Source: VTT Sfinno database, surveys, 194 responses DM 1114485

  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

  16. 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 DM 1114485

  17. 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. DM 1114485

  18. 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 DM 1114485

  19. 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 DM 1225369

  20. 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. DM 1114485

  21. 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. DM 1114485

  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

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