Pekka Soini - The impact of CTOs in innovation based renaissance of Finnish industries 4.2.2015

The impact of CTOs in innovation based renaissance

of Finnish industriesPekka Soini, Director General

TekesCTO of the Year 2015 Award Ceremony 4.2.2015

What we need for competitive innovation environment in Finland?

02-2015DM 1408636

! Encouraging atmosphere ! Competent workforce and

management available! Business friendly regulation

and taxation! Innovative public procurement! Smart innovation funding ! Push and pull for digitalisation

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» Set your targets on high level» Start revolutionary projects» Tekes helps – fifty-fifty risk sharing

Towards digital revolution

Digitalisation will influence all branches

Take benefit to your business from digitalisation

Take advantage of the top level ICT and digital experts available in Finland

Tekes will invest 300 million euros to boost digitalisation through three Tekes programmes! 5thGear! Industrial Internet! Bits of Health

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Pilot and demo funding to reach new markets

! A company can demonstrate that the results work in a large scale in a real operating environment

! A company can test the solution together with its customers

! Suits very well for large demonstration projects and for digital solutions

! Suits well for long development processes and quick pilots

! Examples: - robotic-based baggage handling system- power plant converting ocean waves to energy- user and usability testing for online auction

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Example – Waste collection for smart cities

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!Enevo One - Collect waste without wasting money

!Uses wireless sensors to measure and forecast the fill-level of waste containers

!Generates smart collection plans!Up to 50% in direct cost savings!Thousands of sensors deployed in

already 27 countries!Over 9 million euros

venture capital funding

Tekes customers are successful

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Ranks 50 fastest growing tech companies in Finland 2014. More than 80 % of these companies have grown to international markets.

Top 10 companies (Tekes customers bolded)

1. ePassi Payments (8,431%)2. Tuxera (6,391%)3. Valopaa (3,091%)4. Alekstra (2,240%)5. Diktamen (1,955%)6. iLOQ (1,832%)7. Anders Innovation (1,705%)8. Efima (1,435%)9. Eniram (945%)10. Solinor (749%)

(growth in 5 years, %)

The Wired Magazine lists Europe’s hottest startup companies. Most of the Finnish companies listed are part of the Tekes young innovative companies funding programme.

Nanol TechnologiesSumoingBedditDiktamenPlayravenNexstimNextgamesBitbar TechnologiesTeam Onomatics5th Wave Brands

What can we fund at Tekes?

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Insight about customer need

Better knowledge about target markets

New, improved business model

R&D to develop products, services, processes

Skillful management and organisation

02-2015

Innovation funding with proven impact

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For every euro invested by Tekes, companies

increase their own R&Dexpenditure by

2 euros

of Tekes customers state that the Tekes

funding was a significant factor in their success

Over 80%

In growth companies funded by Tekes, the

increase of turnover was

units faster than in other SMEs in

2010-2013

24%

5.8

Projects that were completed in 2014

produced

academic theses

1,090

Projects that were completed in 2014

generated

products, services or processes

1,500

Projects that were completed in 2014

resulted in

patents orpatent

applications

1,130

Tekes has partly funded

65%of well-known Finnish

innovations

SMEs expect projects in 2014

to produce

billion euros in turnover during the target year

In SMEs funded by Tekes the annual

growth of exports was

1 mrd €