Finland's road to further innovation

The Finnish government has outlined a new national strategy for keeping its innovation agenda fresh; despite having the world's most competitive economy, many in Finland worry that its highly successful research and innovation agenda is not as competitive as it should be.

The new report, entitled simply "Science, Technology, Innovation", outlines a national strategy, coordinated by Finland's Science and Technology Council and chaired by the Finnish Prime Minister, Matti Vanhanen. The report lists specific areas in which the strategy should make an impact, specific markets to focus on, areas that should receive more funding, and even increased targets for research and development (R&D) investment.

A Finnish government statement outlines the programme, which will see, "a goal of increasing R&D intensity (research investments as a proportion of GDP) from the current 3.5 per cent to 4.0 per cent by the end of the decade."

Across the EU, the average spend on research and development was as little as 1.9 per cent of GDP in 2004. Recent research has shown that increasing investment in R&D will have a drastic impact on economic growth, making it rise by as much as 10 per cent.

The reasons for going back and re-formulating a strategy are "increasing employment, high productivity and international competitiveness. In this context, research, development of technology, exploiting their results and strengthening social and technological innovation activities play a crucial role," reads the release.

The strategy aims to make an impact in five key areas:

  • Promote the innovation system and its ability to renew itself;
  • Enhance competence base;
  • Improve quality and focus of research;
  • Promote introduction and commercialisation of research results;
  • Secure economic "prerequisites", including human resources.

The report identifies five key areas for research, beginning with Strategic Centres of Excellence in STI (science, technology, innovation) in: energy and the environment; metal products and mechanical engineering; forest clusters; health and well-being; and information and communication industry and services. The Finnish Ministry of Trade and Industry and the Ministry of Education will appoint a committee to steer and evaluate measures to develop these areas.

To ensure these areas are exploited effectively, the report proposes continuously developing and improving the structures of research, including a dedicated researcher career system, which will mean increasing the number of research posts.

The government also notes that "Novel financing procedures and resources are needed to develop national infrastructures - research equipment and stations, collections, databases, etc." To do this, a public-private committee will assess long-term needs and give expert opinion on new infrastructure projects.

The Finnish proposals include a programme for increasing public research funding, with particular targets for:

  • Strategic Centres of Excellence;
  • The development of researcher careers;
  • Basic funding for universities;
  • Infrastructures;
  • Research and education in technology;
  • Competitive science and technology (S&T) funding.

The plan also targets fragmented funding streams, with the aim of bringing them together to back large-scale research projects, whether the money is from national or international sources.

For further information, please visit:
http://www.minedu.fi/OPM/Tiede/tiede-_ja_teknologianeuvosto/?lang=en

Copyright ©European Communities, 2006
Neither the Office for Official Publications of the European Communities, nor any person acting on its behalf, is responsible for the use, which might be made of the attached information. The attached information is drawn from the Community R&D Information Service (CORDIS). The CORDIS services are carried on the CORDIS Host in Luxembourg – http://cordis.europa.eu.int. Access to CORDIS is currently available free-of-charge.

Most Popular Now

Commission Joins Forces with Venture Cap…

The Commission has launched a Trusted Investors Network bringing together a group of investors ready to co-invest in innovative deep-tech companies in Europe together with the EU. The Union's investment...

Philips and Medtronic Advocacy Partnersh…

Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and Medtronic Neurovascular, a leading innovator in neurovascular therapies, today announced a strategic advocacy partnership. Delivering timely stroke...

Wearable Cameras Allow AI to Detect Medi…

A team of researchers says it has developed the first wearable camera system that, with the help of artificial intelligence (AI), detects potential errors in medication delivery. In a test whose...

New AI Tool Predicts Protein-Protein Int…

Scientists from Cleveland Clinic and Cornell University have designed a publicly-available software and web database to break down barriers to identifying key protein-protein interactions to treat with medication. The computational tool...

AI for Real-Rime, Patient-Focused Insigh…

A picture may be worth a thousand words, but still... they both have a lot of work to do to catch up to BiomedGPT. Covered recently in the prestigious journal Nature...

New Research Shows Promise and Limitatio…

Published in JAMA Network Open, a collaborative team of researchers from the University of Minnesota Medical School, Stanford University, Beth Israel Deaconess Medical Center and the University of Virginia studied...

G-Cloud 14 Makes it Easier for NHS to Bu…

NHS organisations will be able to save valuable time and resource in the procurement of technologies that can make a significant difference to patient experience, in the latest iteration of...

Start-Ups will Once Again Have a Starrin…

11 - 14 November 2024, Düsseldorf, Germany. The finalists in the 16th Healthcare Innovation World Cup and the 13th MEDICA START-UP COMPETITION have advanced from around 550 candidates based in 62...

Hampshire Emergency Departments Digitise…

Emergency departments in three hospitals across Hampshire Hospitals NHS Foundation Trust have deployed Alcidion's Miya Emergency, digitising paper processes, saving clinical teams time, automating tasks, and providing trust-wide visibility of...

MEDICA HEALTH IT FORUM: Success in Maste…

11 - 14 November 2024, Düsseldorf, Germany. How can innovations help to master the great challenges and demands with which healthcare is confronted across international borders? This central question will be...

A "Chemical ChatGPT" for New M…

Researchers from the University of Bonn have trained an AI process to predict potential active ingredients with special properties. Therefore, they derived a chemical language model - a kind of...

Siemens Healthineers co-leads EU Project…

Siemens Healthineers is joining forces with more than 20 industry and public partners, including seven leading stroke hospitals, to improve stroke management for patients all over Europe. With a total...