OECD Reviews of Innovation Policy: Finland 2017

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Although Finland achieved a widely acclaimed transformation to become a leading knowledge-based economy in the late 20th century, the 2009 recession and disruptive change contributing to a deep restructuring of the information and communication technology (ICT) industry and the downsizing of traditional sectors have weighed on the economy, productivity growth and international competitiveness. Numerous policy reforms have since been undertaken, and public and private investment, especially in applied R&D, has been cut back. Strengthening and lifting Finland’s innovation system out of a period of uncertainty requires a coherent and unified new vision for science, technology and innovation (STI), renewed investment and policy instruments. This vision should be oriented towards renewal tackling societal challenges and developing new knowledge-based competitive advantages at global scale. Success calls for better co-ordination and co-operation among policy actors and national and regional-levels, and further internationalisation.



The role of public research institutions in the Finnish innovation system

This chapter discusses public research institutions – encompassing higher education institutions and public research institutes – highlighting the evolution of their respective roles in the Finnish innovation system. It reviews the reforms that have taken place in both types of institutions, and how these reforms and changes to public research institutions’ governance and funding mechanisms shape their research and innovation activities. It also discusses how these recent changes might impact on the performance and development of Finland’s research and innovation system, bearing in mind that many of them have been adopted and implemented only very recently.


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