Business Finland is a Finnish government organisation that focuses on supporting innovation, trade, and investment with its funding and advisory services.
The goal of Business Finland is to promote the competitiveness of Finnish companies by providing business support services such as:
- Research and innovation funding to help companies, research organisations, and public sector bodies in developing new solutions and products.
- Advisory services on internationalisation to assist companies in entering and expanding in global markets.
- Investment services that encourage and assist international businesses to invest and set up operations in Finland.
Business Finland plays a key role in fostering collaborations between enterprises, research institutes, and public authorities, ultimately aiming to drive economic growth and job creation in Finland.
It provides expert advice, funding, contacts, and networks to facilitate innovation and business development on both domestic and international fronts.
Invitation to collaboration
Our Chips Campaign invites companies, tech innovators, and researchers to partner with Finland’s microelectronics sector to renew the European microelectronics value chains.
Our national “Chips from the North” industry strategy aims to triple Finland’s semiconductor revenue to € 6 billion by 2035 with cutting-edge endeavors in chip design, advanced materials, MEMS, photonics, and quantum technologies.
Collaboration has been our success formula, from powering companies like Nokia to the shining stars of the startup boom: IQM, Oura, ICEYE, Varjo, Supercell, Rovio, Wolt, etc. Today, with nearly 300 companies striving for growth, we’re ready to co-create solutions that strengthen Europe’s semiconductor resilience, as emphasised by the EU’s Chips Act.
Join us to leverage Finland’s rich R&D ecosystem and shape the future. For collaboration opportunities, please see the list of Finnish actors below:
- Technology Industries of Finland’s Semiconductor Branch Group: https://teknologiateollisuus.fi/jasenille/membership/
- MicroElectronics Finland (MEF) is a national network of excellence in the highest level of research and education in Finland: https://www.microelectronics.fi/
- Kvanttinova is an industry-driven piloting and development hub that offers easy access to VTT and Aalto University piloting facilities for the development of microelectronics and quantum technology: https://kvanttinova.fi/
- An open SiPFAB (System in a Package) pilot line is being established in Tampere, where new chip systems are developed and tested in collaboration with companies. (website not published yet)
- Chip Zero aims to create the first semiconductor ecosystem in Finland with a mission to develop chips with zero lifetime emissions: https://www.chipzero.tech/
- The Carbon Age programme advances semiconductor technologies enabled by carbon nanotubes. (website not published yet)
- SoC HUb is an ecosystem initiative for a world-class co-developed Finnish System-on-Chip: https://sochub.fi/
- The Finnish Chips Competence Centre (FiCCC) aims to create a gateway for the Finnish chips ecosystem to connect with the wider European ecosystem and speed up the growth and competitiveness of the Finnish and European semiconductor sector: https://www.ficcc.eu/
- Oulu: https://www.businessoulu.com/en/about-us/programmes-and-projects/merebe-microelectronics-research-education-and-business-ecosystem/
- Helsinki: https://www.helsinkipartners.com/
- Enter Espoo: https://www.enterespoo.fi/
- Turku: https://teknologiakampus.businessturku.fi/tutkimus/explore-the-diverse-and-impactful-microelectronics-related-activities-at-turkus-universities/
- Photonics Joensuu is a consortium bringing together significant actors in the fields of research, development, education, business and innovation in the Joensuu region: https://businessjoensuu.fi/en/photonicsjoensuu
Electronics, photonics, and quantum tech in Finland
The global electronic and photonic market, with its imminent AI and Metaverse-driven expansion, is expected to grow beyond $1tr by 2030—more than double its current size. Responding to the centralised nature of global supply chains, the EU is countering with a strategic €43bn investment through its European Chips Act to boost Europe’s technological edge.
Advanced skills and expertise in micro-, opto-, and power electronics, photonics, and quantum technologies have been fundamental to the success of many Finnish tech companies during the 21st century. Today, with its deep-seated expertise in cutting-edge digital technologies, Finland is expecting marked economic growth, especially in the business sectors that rely on the adaptation of these key enabling technologies.
Finland is on the path to becoming some sort of powerhouse of semiconductor design in Europe, with its growing number of companies specialised in advanced system-on-chip designs. The nation is home to an impressive fraction of European chip design companies, mostly focusing on various types of wireless communication technologies but also in high-performance computing, industrial automation and wellness & healthcare.
The nation’s semiconductor industry is on track for substantial growth, potentially tripling by 2035, as outlined in Finland’s Semiconductor Branch Group’s strategy plan. The expected growth isn’t just in revenue but also in job creation, with expected employment jumping from 7,000 to 20,000.
The future of the Finnish chips industry
Finland’s potential to grow its semiconductor industry faster than the global average is largely due to the growth potential of SMEs, which today make up most of the business sector. The Finnish photonics industry—which has already surpassed a 50% increase since 2020, outpacing the EU average—is contributing over €2bn in annual revenue, primarily from exports, and employs more people than most other local industries. In quantum technology, Finland’s ambitions stretch even further as it strives for global leadership and aims to be among the top three in the field.
With one unicorn already under its belt, the quantum computer company IQM has backed up these ambitions with sizable investments in the development of future technologies. For example, a formidable €100 million investment for developing the new Kvanttinova facility and an ambitious quantum computing project are endorsed by the Research Council of Finland.
