Finland is among European leaders in innovation activities

Companies in Finland spent about EUR 7 billion on product and process innovation activities in 2008, according to Eurostat’s Community Innovation Survey.

nland has performed relatively well in terms of innovation activities, according to Eurostat’s Community Innovation Survey for the period 2006-2008. The Community Innovation Survey is a European innovation study conducted every other year which maps out companies’ innovation activities and their prevalence, scope and nature. The latest results are based on the period 2006-2008.

In the companies surveyed in Finland during the period 2006-2008, slightly more than half stated that they had undertaken innovation activities. Less than half of the companies had activities related to developing product and process innovations, and almost a third stated that they had brought product innovations to the market. Altogether about 17% of the companies operating in Finland introduced new products to the market.

According to the survey results, companies in Finland stated that they had spent about EUR 7 billion on product and process innovation activities in 2008. About 16% of the companies’ total turnover was formed by product innovations introduced to the market in the period 2006-2008.

The survey results show that Finland is one of the leading countries in Europe in product and process innovations, according to researchers Ari Leppälahti and Mervi Niemi, writing in Statistics Finland’s Tieto&Trendit magazine. The next Community Innovation Survey will cover the period 2008-2010 and will commence in autumn 2011.

Sources: Statistics Finland, Eurostat