Transcript Document

Some Facts and Figures ... and Thoughts
on the Finnish Innovation Environment
Timo Kekkonen, Confederation of Finnish Industries EK
Innovation drives growth
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Intangible investments have a growing importance in
productivity growth and in the creation of wealth
Investments in intangible assets accounted for ⅔ – ¾ of labour
productivity growth in many OECD countries
Firms invest as much in intangible assets related to innovation
(R&D, software, skills, organisational know-how, branding,…) as
in traditional capital (machinery, equipment, buildings,…)
Some strengths of the Finnish Innovation System
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Openness of the economy
Favourable framework conditions, e.g. macroeconomic stability
High level of education
Sizeable R&D expenditure
Strong ICT sector
Long-term commitment to education and research
Close co-operation within the system
Radically optimistic entrepreneurial culture gaining ground
Start-up of several reforms
…
Finland in international comparisons 1/3
Finland ranks highly in competitiveness and innovation.
 According to Innovation Union Scoreboard 2010, Sweden, Denmark,
Finland and Germany are the Innovation leaders and all show a
performance well above that of the EU27.
 ITIF ranked Finland second with R&D input and personnel, venture capital,
productivity and trade indicators.
 A survey measuring the achievement of the EU’s Lisbon goals published
in 2008 indicated that Finland was the most competitive economy in the
Union. Finland came top in productivity development and human capital.
 Based on the Lisbon Review, Finland was third in competitiveness
comparison in the EU in 2008. Finland was on top in innovation and R&D
and in enterprise environment, as well as in sustainable development.
 According to WEF, Finland was the fourth most competitive country in
the world in 2011. The top three countries were Switzerland, Singapore
and Sweden. Finland rates also as one of the innovation powerhouses.
Sources: EU, The Innovation Union Scoreboard 2010; The Information Technology and Innovation
Foundation ITIF; The Atlantic Century II European Growth and Jobs Monitor 2008; The Lisbon Council
& Allianz Dresdner Economic Research: The Lisbon Review 2008;
WEF: The Global Competitiveness Report 2011-2012
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Finland in international comparisons 2/3
 IMD ranked Finland 15th in overall competitiveness in 2011. The three
most competitive countries were Singapore, USA and Hong Kong.
 Based on the comparison of the European Commission in 2005,
Finland was among the leading countries in investing into
knowledge-based economy and performance of the economy.
 In the Canadian Performance and Potential 2005-2006 comparison,
Finland was among the four gold medallist when OECD countries were
compared by economic, societal and environmental indicators.
 In a comparison made by the University of United Nations, Finland
was ranked second in overall ranking. Finland was also ranked
second in education, technology and information indices.
 According to the OECD PISA 2006 study, young Finns were first in
the OECD in sciences, second in mathematics and reading.
Sources: IMD: World Competitiveness Yearbook 2011; Key Figures 2005 on Science, Technology and
Innovation; Performance and Potential 2005-06, The World of Canada, Trends Reshaping Our Future,
2005; United Nations University, The Millennium Project 2001; PISA 2006 Science Competencies for
Tomorrow's World. OECD 2007.
DM 36054 05-2011
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Finland in international comparisons 3/3
Wellbeing and sustainable development
 Wellbeing Assessment is a method of assessing sustainability that
gives people and the ecosystem equal weight. The Wellbeing Index (WI) is
the combination of indicators related to human wellbeing (HWI, Human
Wellbeing Index) and ecosystem Wellbeing (EWI, Ecosystem Wellbeing
Index). Published in 2001, The Wellbeing of Nations surveys 180 countries.
In this comparison Sweden ranks 1st and Finland 2nd.
 The 2008 Environmental Performance Index (EPI) ranks 149 countries
on 25 indicators tracked across six established policy categories:
Environmental Health, Air Pollution, Water Resources, Biodiversity and
Habitat, Productive Natural Resources, and Climate Change. Finland is
ranked 4th.
 The Human Development Index (HDI) ranks 179 countries by a
composite measure of life expectancy, education and income level.
Iceland is at the top of HDI 2008, followed by Norway, Canada, Australia
and Ireland. Finland is ranked 12th.
Sources: Robert Prescott-Allen (2001), The Wellbeing of Nations. A Country-by-Country Index of
Quality of Life and the Environment; WEF: Yale and Columbia Universities; UNDP, Human
Development Report 2008; The Environmental Performance Index 2008
DM 36054 03-2010
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EU member states’ innovation performance
Sweden, Denmark, Finland and Germany are innovation leaders in the EU.
SII points 2010 (Summary Innovation Index)
0.0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
Source: Innovation Union Scoreboard (IUS) 2010
DM 36054 03-2011
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Innovation and competitiveness
Finland was ranked second with R&D input and personnel,
venture capital, productivity and trade indicators.
Source: The Information Technology and Innovation
Foundation ITIF; The Atlantic Century II, Benchmarking EU &
US, Innovation and competitiveness
DM 36054 07-2011
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Competitiveness
Total ranking 2011-2012
WEF
IMD
Global
Total
competitiveness competitiveness
2011
2011
2010
Switzerland
Singapore
Sweden
Finland
USA
Germany
Netherlands
Denmark
Japan
Great Britain
Hong Kong
Canada
Taiwan
Qatar
Belgium
Norway
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
1
3
2
7
4
5
8
9
6
12
11
10
13
17
19
14
5
3
4
15
1
10
14
12
26
20
1
7
6
8
23
13
Sources: WEF, The Global Competitiveness Report 2011-2012
and IMD World Competitiveness Yearbook 2011
DM 36054 09-2011
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Innovation index
Points according to WEF
The Innovation index covers quality of research institutions, company spending on R&D,
university and industry research collaboration, availability of scientists and engineers,
utility patents and intellectual property protection.
Source: WEF, The Global Competitiveness Report 2010-2011 DM 36054 and 789348 09-2010
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Science and innovation profile of Finland
Finland is a pioneer in many aspects of innovation activities.
Source: OECD Science, Technology and Industry Outlook 2010.
DM 36054 01-2011
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Finland leads in technology and innovation
Ranking
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Measurements of the comparison are R&D investments as percentage of GDP,
scientific and engineering researchers per capita and patents per capita.
Source: Martin Prosperity Institute: Global technology rankings.
DM 36054 10-2010
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Ranking of EU countries
The Lisbon Review
Total
rank
Sweden
Finland
Denmark
Netherlands
Luxembourg
Germany
Austria
France
Great Britain
Belgium
Ireland
Estonia
Cyprus
Slovenia
Czechia
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
1
5
3
2
7
9
6
10
4
14
13
8
16
12
17
2
1
3
5
12
4
8
9
7
6
10
14
21
11
13
Source: WEF, The Lisbon Review 2010
1
7
5
2
6
4
3
11
10
8
9
14
13
18
12
2
8
4
7
5
1
6
3
9
11
18
13
10
15
20
1
3
6
7
2
9
4
5
14
11
17
10
12
19
15
4
2
7
6
1
17
10
12
11
8
5
3
13
15
19
3
2
1
4
5
9
8
13
14
6
11
16
7
15
10
1
3
5
6
7
2
4
9
10
11
8
14
18
12
16
DM 36054 11-2010
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R&D investments in some countries
Percentage of GDP
5.0
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
Source: OECD, Main Science and Technology Indicators
DM 36109 and 36054 03-2012
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Public sector’s share of total R&D funding
in 2009
%
Source: Eurostat
DM 36109 and 36054 11-2011
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Companies’ share of total R&D funding
in 2009
%
Source: Eurostat
DM 36109 and 36054 11-2011
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Exports of Finnish goods have decreased significantly
with slow recovery as a result of the global crisis
Exports of goods by country
1995 = 100
Value index, national currencies, seasonal adjusted 3 month moving average.
Source: OECD Main Economic Indicators 2012
DM 36054 and 928485 03-2012
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Exports´ share of GDP in 2009
%
Source: Statistics Finland
DM 36054 11-2011
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High tech exports in some countries
% of total exports
Exports of Finnish high tech products totalled 4.6 billion euros
in 2011, i.e. 8 % of total exports of goods.
Sources: Eurostat and Finnish Customs
DM 32186 and 36054 03-2012
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Industrial production has grown rapidly in Finland, but the
global crisis has reduced production more than in other
developed countries
Volume index of industrial production
1995 = 100
Source: Eurostat, METI, OECD
DM 36054 and 928485 03-2012
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Labour productivity growth in the total
economy in 2001-2010
Average annual growth
%
Source: OECD
DM 36054 12-2011
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Reserve of foreign direct investments
% of GDP
Source: UNCTAD, World Investment Report 2011.
DM 36054 11-2011
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Business R&D input in Finland by sectors
Total 4.9 billion euros in 2010
Billion euros
5.5
5.0
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
*) estimate based on queries and other calculations
Source: Statistics Finland
DM 36100 10-2011
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Key actors of the Finnish innovation
environment
EU structural funds
for innovation
Finnish Industry
Invest in Finland
Investment Ltd Private investments
in innovation
Finpro Sitra
Investors
Business Angels
Finnvera
Companies
Regional Councils
Regional ELY Centres
Polytechnics
Centres of Expertise
Key actors
of the Finnish
innovation
environment
National Board of Patents
and Registrations of Finland
Research institutes
Universities
Technology Centres
Strategic Centres for Science,
Technology and innovation
Other ministries
Association
Inventions s
Tekes
Academy of Finland
Ministry of Education and Culture
Ministry of Employment
and the Economy
Investments in different sectors
like environment, health and traffic
Research and
Innovation Council
National public investment in
innovation and know-how
DM 36100 10-2010
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Something has to change. We need ...
• new measures to promote entrepreneurship – growth companies
• more non-technological innovations
• a more efficient and focused public innovation system
• more international mobility
• to increase productivity with new working models
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