 Kiitos. Täällä on hyvää olla täällä. Ja puhutaan jotain, että ensimmäinen on suunnittava eri-anitokuvan syy-anitokuvan syy-anitokuvan, ja sitten yksi SME-anitokuvan. Se on tämän päivänä. Kun katsotaan syy-anitokuvan syy-anitokuvan, Finland on toivonlaista eri-anitokuvan ympäristöä. Olemme joitakin tai aivan, mutta on tärkeää rnd-anitokuvan ja rnd-anitokuvan. Tämä on tärkeää, että meillä on hyvin aktivaailu tämän syy-anitokuvan ja rnd-anitokuvan ja syy-anitokuvan. Tämä korvus on tärkeää ja ulos ekonomiista, niin kuin me olemme, on todella hyvää asioita ja korvus. Kun katsotaan syy-anitokuvan, niin on myös aikaan ympäristösyy-anitokuvan maailman. Täällä on kaksi kaihoitoksia, joka on kaihoitokuvan kulttuurin ja edikaisuus. Tämä on kaihoitokuvan kaihoitokuvan ja kaihoitokuvan kaihoitokuvan ekonomi. Tämä on kaihoitokuvan myös research, mutta se on klipuolta researcha ja rnd-anitokuvan. In other ministries, there are small research institutes, but they are not really funders in that sense. This, when looking a little bit at how we are operating and where are we placing in this system, here you see that the Academy of Finland really in this basic research area, take as applied research up to go-to-market area and then Finvera, what is the actor in export funds and all that, so that takes the role there. These different players, we are forming so-called Team Finland together with the Ministry of Foreign Affairs today means that we try to bridge these Finnish companies to global business. That initiated some years ago the tighter collaboration and we are doing quite well there. I guess that the tightest collaboration is actually in markets outside Finland and we are trying to tighten the collaboration even more inside Finland. The one example of that tightening collaboration is that we very recently now this year we decided with some of the actors which were present in this previous slide, we even created a common strategy so-called strategy for strengthening or to finish economy means that how we as different players see the situation first of all global friends, global megatrends but how they are anchored to Finland. What is the relevance in these trends in Finland? We can't pick everything but we have to pick something and then depending on the areas then we can separately agree with different players who will take a ball and how we align our activities and actions together. We are not acting everybody in every field but in a selected manner we can trigger different activities. These players here probably recognized from previous every academy of Finland is really the basic research fund Finpro's export agency CITRA is a think tank more or less under parliament so that doesn't belong to any ministry but that is under parliament but it's quite influential think tank because it is neutral and it's listened very carefully because their studies and their knowledge is very deep and they take examples around the world so that is a good addition to the ministry actors around so that is we are very pleased that our collaboration is deepening. Then when looking this strategy or strategy what we kind of pulled together and also how we as TechEston took our role in that strategy there are few points again what we figured out. There are certain areas that we feel that are strong holds in Finland in terms of the... Do we have here light? It's very weak but yeah. Natural resources and resource efficiency is something what is typical global megatrain but very strong capabilities in Finland. Digitality, renewing business and industry again very strong capabilities in Finland digitalization and then health area well-being and health and here specifically e-health and personalized health development so those are the areas that we picked as themes to really focus on but then in addition to that we figured that there are commonalities market access is a problem for Finnish companies there are lots to do and there needs to be a lot of things to be done together that is not only funding issues there are overall areas of taxation, regulation all that kind of things what needs to be tackled wider. New business ecosystems that is also an interesting area but what are the platforms kind of mechanisms we need to have that we can have even systemic change and enhancing some of the innovation and pushing things to market so that kind of things we collectively found out we also built here digitalization intensibility and value creation here in the middle because these are really cross cutting fields what is taxing everything as we say the digitalization there is no field in society it doesn't touch it's education, it is healthcare it's everything what is also very public sector issues in addition to normal businesses and then also this intensibility and value creation business models will change a lot when going forward therefore we are not concentrating on technology in innovation only but anything what is renewing economy what is renewing businesses and creating something new in Finland out of there just to highlight what we are doing we are really funding organizations R&D programs innovation in Finland but in addition to that we are providing also networks and expertise for companies we have different projects programs I will talk a little bit about those also but our focus customers are growth seeking innovative SMEs so we are seeking companies who would like to grow who would like to scale ideas and also aspiration to go beyond Finland boundaries our elements or instruments are grants, loans and also capital investments but our capital investments is only fund of funds so we are not investing directly to the companies but we have fund of funds what invest in that kind of funds what are investing in seed and early phase companies annual budget 550 to 570 million euros and our personal is about 400 people so growth potential is something what we are seeking when customers are approaching us so we are not only handling issues with customers by paper we have a lot of dialogue personal dialogue with customers and trying to understand their potential and aspirations by that so SMEs so we have different mechanisms and different kind of tools to tackle them and we are constantly developing new elements of how we can help SMEs going forward this research and development is definitely something but even before that we have for example instrument for planning and growth and so forth demos, piloting very important piece of SMEs and then also foresight we have a service what is called the Finland Future Watch what is the foresight information for companies not only information or data what is around but something through sense making mechanism what does that mean if in China this law changes so what does it mean for this SMEs in Finland what is it interpretation and what does it mean for you not the data but really the kind of tailored tailored information in a sense that it is not tailored for one company means that for the group of company for sector or something in a dialogue with the companies that is the most important element also when going forward how to get these SMEs to grow and getting different kind of tools and not only tekes but in collaboration with others here it is the most important issue is how we can align different actions and activities within Finland and also elsewhere to get these companies growth in startup area it's covered pretty well already we have different stages for getting startups to grow and our jewel is this funding for young innovative companies this is a program what is not by invitation but by application the best of the best can get into this program and there is a funding up to one million euros and it's covering a little bit more than R&D and that is very efficient and has been a very good example we also of course developing all the time different kinds of tools we have Vigo Accelerator program there's currently 10 accelerators and those companies bring expertise and funding mechanisms and we help them to develop companies and then I mentioned already this tekes investment in startup which is a fund of funds 20 million annually what is the plan there some examples of the long development cycles game industry development has been a long cycle in Finland and there afterwards it's good to remind ourselves that what has been different steps and why this game industry developed in Finland currently there is about 1 billion revenue of the game industry in Finland and very often they are very small players but this tells that it's a long story started already in 80's and different steps happened during the way and the acceleration of this game industry of course happened in 2000 mobile gaming boom was definitely something what collected combine Finnish capabilities in mobility applications in mobility via Nokia of course and then the new trend but then importantly very important examples role models have happened during the way so Finnish companies can be really successful and that is a very important message to other companies, small companies we can be successful as well so that's important to look always afterwards what happened that is another phenomena I've been discussing with many people yesterday about this this is a student driven huge kind of get together what brings together startups later stage companies and capitalists in Finland this year event collected 14,000 visitors last year 7,000 and previous year something like 3,000 so it's doubling every year and it's organized by students and that is weird CEO of Schlush is 25 year old student COO of Schlush is something like 26 years old student and the team is quite small what is the core team and they are running the whole show volunteer based people coming from students and that is it's one of the biggest startup event in whole Europe and it's attracting best investors in the world and here it says that it attracted 40 billion worth of venture capital last year this year figure wasn't here but it was 200 billion worth capital this year 200 billion best business in the world were present here right so that is just an example of the boom of startups in Finland and that is very important in terms of the crash root development it doesn't solve the Finnish economical issues currently that is very important for the long term and also building the new kind of capabilities we are measuring our figures measuring our results annually what do we do and what was generated in one year and typical year is that we had close to 2,000 funding positive funding decisions about 2,000 projects funded every year so we have some thousands of projects running all the time and volume is very high 577 one third in principle goes in research and two thirds to company company projects we can also fund foreign companies and that is a typical case also that foreign companies come after talent but also the case funding is available for them our programs I mentioned that we trigger programs under certain themes in any given time we have maybe 15-20 programs running in different areas and new this year program what we actually triggered a few weeks ago 2 weeks ago are digital programs we initiated 3 strong digital programs worth of 150 million euros for 5 years expecting that industry will double that so that means that worth 300 million digital programs going forward so one kind of boost for this digital theme what we are driving very very strongly one example of this program program is this WIDI city program it's not smart city program because everybody uses smart city named WIDI city and that is a good example of the platform and kind of the system where it might be a new development area of the city for example where we push the city to use innovative procurement public procurement, innovative procurement to really attract new fresh ideas new companies to bring solutions for safety well-being waste management, energy management and all that kind of things and we are boosting strongly that piece in Finnish ecosystem currently and then just finishing up that yes we have we have as I said that we collect our results annually but spending close to 600 million in innovation programs annually we have to be able to prove also impact of the funding not only input and output immediately but also impact in society in long term and last 10 years we have conducted something over 70 70 impact studies of TEKES different programs, projects whole TEKES, innovation capabilities in Finland and all that kind of things what we feel that is pretty important that we cover it also academically even this impact is pretty difficult to prove longer to change up very often, very long and you can sometimes you can tell the story afterwards for example this gaming industry development in Finland it's a story and then you can pick and point the issues that were for example governmental role was pushing a little bit further in some areas nudge things further and then the end result is visible one example may be here so how we are measuring it so we do three years after every project we found three years afterwards we go back and ask from that company what was the result was the result something that was compared to the expectations and how successful it was and so forth and here we have a couple of measures from 2009 and between 2009 and 12 so TEKES funded projects they generated about 20% better sub growth and sales turnover compared to companies which were not funded and then even longer term we have a database in Finland what is called as Fino database what collects every innovation in Finland and according to that database 65% of all well known innovations in Finland were funded by TEKES or partly funded by TEKES and then what is important is that over 80% of TEKES customer state TEKES funding was significant factor in their success of this innovation projects and then also this at this personality one TEKES euro boosts company R&D expenditure by two euros and that has been also there where several studies have been concluded the same result that there is really they are adding this R&D and R&D intensity is improving in that sense so that is very important to measure and also prove this kind of results also one typical result is that about 1000 patents or patent applications are coming through this annually from our funding and so we continue to do that and constantly improving and trying to develop also in academic world the measures how this impact is measured and also we try to prove it in a simple manner also to the general public and also politicians that yes it is worth funding this way to innovations and you can really collect the results and you can prove the results late so that was all Thank you so much, that was really really fascinating