Finland - Home of innovation

Finland is an advanced industrial economy with a thriving private sector and a business environment that is highly conducive to FDI. The government is business-friendly and the country has a developed infrastructure, a skilled workforce and competitive operating costs. Red tape is minimal and Finland is one of the least corrupt countries in the world according to Transparency International.

Foreign-owned companies can benefit from government investment incentives and access to the latest research from the extensive cooperation between Finnish universities and the private sector. Foreign investment in Finland is welcomed as a boost to the dynamism of the economy. As one of the most competitive and open economies in the world, Finland has a great deal to offer foreign investors.

• Strong cooperation between universities and companies
• Biggest turnover from innovation in Nordic Countries
–  15.6 % of total turnover from new products
• Number one for utility patents in the EU
• Number three globally for R&D spending per capita
• Easy access to venture capital

The Finnish economy is knowledge-based and strong on innovation.  It is among the top countries globally in terms of R&D spending per capita, the first in terms of utility patents in the EU, and also has the biggest turnover (15.6%) from new products in the Nordic countries. Finnish companies and consumers are early adopters of emerging technologies, which makes Finland an ideal test bed for new solutions and technologies.

FDI in Finland is often related to knowledge-driven investments. Finland has several high-tech clusters with many technology companies that have cutting-edge expertise. These include companies specializing in wireless and mobile solutions, cleantech, health care and life sciences, and new materials and processes.