Nanotechnology programs in Finland

13 February 2009

Finland is fast growing in the area of nanotechnology applications in various fields including chemical, information and communication and health. There is a plan to invest Euro 70 million for the period 2005 –2010 under Tekes FinNano program and the program is carried out under close collaboration with the Academy of Finland’s FinNano program.

During the last four years many new nanotechnology companies have come up in Finland and these companies either engaged in research areas or application. In the year 2008, 38 million euros were received from public under public funding and the industry has invested more than 56.6 million euros. The total investment including the funding received from capital venture increased by more than 33 percent in comparison to the year 2006.

The investment in nanotechnology is being made in priority areas including the chemical industry, material and forest industry and information and communication technology sectors only. Out of the total of more than 200 companies in the year 2008, 65 companies offer commercial products especially being offered to the above industries.

At present the nanotechnology industry in Finland hires 3000 people and has a revenue of approximately 300 million euros. With the current trend and growing investment in nanotechnology areas in specific sectors, it is expected that the commercial development in the nanotechnology field will strongly grow in the country and in a the year 2013, the industry will cross 1.2 billion euro and will hire more than 11,000 people.

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