Results and impact

R&D and innovation are important for the national economy and welfare. The impacts of innovation are widely disseminated throughout the national economy and society at large. They increase prosperity and improve employment and the vitality of regions.

Several Finnish and foreign studies show that public R&D funding for companies serves to boost the companies’ own R&D investments. The research findings show that R&D investments substantially increase corporate expertise and networking. They generate patents and new products, processes and services. Expertise and new procedures manifest themselves as a growth of turnover, productivity and employment.

The purpose of Tekes funding is to encourage businesses to engage in more R&D. The results of Tekes funding and expert services bear fruit in businesses as new expertise and innovations.

Their impacts are distributed far and wide through networking and through innovative companies, boosting productivity and economic growth. Ultimately, the innovations funded by Tekes contribute to the welfare of citizens and of the environment.