1. 04-2013DM 1114485 The impact of Tekes and innovation activities 2013

2. Finnish wellbeing relies on the economic growth created by innovations 04-2013DM 1114485 Innovation activity is a key driver of economic growth and enables the funding of welfare services in the long term.

3. Innovation funding with proven impact 04-2013DM 1114485 47 of the 50 fastest- growing technology companies in Finland are Tekes customers 123123 In SMEs, an investment of one euro by Tekes produces of turnover annually For every of Tekes funding, one permanent job is created in the private sector 14,000€ For every euro invested by Tekes, companies increase their own R&D expenditure by 2 euros over 80 % Tekes Global Access Program (GAP ) has increased GDP by more than 20 M€ In the GAP Program, one euro invested by Tekes has generated 17 € Tekes has partly funded of well-known Finnish innovations in 1985-2009 65% 980 SMEs expect projects in 2012 to produce billion euros in turnover during the target year 1,260 6.2 Projects that were completed in 2012 resulted in patents or patent applications 21€840 Projects that were completed in 2012 produced academic theses Projects that were completed in 2012 generated products, services or processes of Tekes customers state that the Tekes funding was a significant factor in their success

4. Labour productivity in the private sector has collapsed in Finland due to structural changes Source: OECD STAN 2013 Labour productivity in industry and private services 04-2013DM 1114485 Index, 1995=100

5. Jobs in the private sector have decreased especially in industy Source: Statistics Finland, National Economics 2012 05-2013DM 1114485 Work force, 1,000 persons

6. Public funding for R&D in companies Source: OECD, Research and Development Database 04-2013DM 1114485 %

7. Finland is the leading country in innovation cooperation between companies and research sector Source: Eurostat, Community Innovation Survey Tekes plays a significant role in creating innovation partnerships between companies, universities and research organisations. 04-2013DM 1114485 % Share of innovating companies 2008-2010

8. Significance of various actors in early stages of SMEs Source: Tekes customer survey in 2012: SME projects that concluded in 2009 (number of companies that used the services in brackets) 04-2013DM 1114485 0 = No significance 100 = Indispensable Coming up with an invention that can be commercialised Starting a company

9. Significance of various actors in SME R&D activities Source: Tekes customer survey in 2012: SME projects concluded in 2009 (number of companies that used the services in brackets) Enabling vital R&D cooperation projects 04-2013DM 1114485 0 = No significance 100 = Indispensable Launching a company's own R&D efforts

10. Significance of various actors in the globalisation of SMEs Source: Tekes customer survey in 2012: SME projects concluded in 2009 (number of companies that used the services in brackets) Establishing international customer relationships 04-2013DM 1114485 Establishing international R&D partnerships 0 = No significance 100 = Indispensable

11. The productivity of Tekes customers has increased more compared to other companies in Finland Source: Etlatieto Oy, 2012 Growth in productivity in SMEs (3-250 employees 2001-2010) 04-2013DM 1114485 Tekes customers received funding from Tekes in 2001. Companies in the comparison sample have not received funding from Tekes.

12. Tekes funding has played a crucial role in about one half of well-known innovations Source: VTT Sfinno database, surveys, 957 responses 04-2013DM 1114485

13. Significance of Tekes funding is highlighted for innovations that are new in the global market Source: VTT Sfinno database, surveys, 662 responses 04-2013DM 1114485

14. Tekes funding has had a significant impact on innovations based on public research Source: VTT Sfinno database, surveys, 194 responses 04-2013DM 1114485

15. Results of completed projects Results of projects completed in 2012  520 new or improved products  400 new or improved services  340 new or improved production processes  980 patent applications  840 academic theses Total 1,590 completed projects 04-2013DM 1114485

16. Over 50 percent of the SME projects funded by Tekes are commercially successful to a certain degree Source: Tekes customer survey in 2012 for projects that concluded in 2009 Projects funded by Tekes in small and medium-sized companies 04-2013DM 1114485 %

17. Every year approximately one percent of Tekes customers bankrupt 04-2013DM 1114485 Number of bankrupts Annually Tekes has approximately 5,000 customers which have received Tekes funding in the last five years or which have an outstanding Tekes loan. About one percent of these bankrupt every year. In all Finland, about one percent of companies bankrupt.

18. Young innovative companies (YIC) funded by Tekes have grown despite the recession Source: Rannikko, 2012 04-2013DM 1114485 YIC companies funded by Tekes, 33 companies. Reference group: companies established in 2003 or later, not part of Vigo, YIC or Growth Channel groups, sales less than EUR 2.5 million in 2006 Average turnover in thousand euros

19. Tekes customers are successful 01-2014DM 1225369 Global Top 300 i.e. Finnish companies on the list of most innovative technology companies, all Tekes customers: Epicrystals HyperIn Kiosked Miradore Modz Ovelin Relaxbirth Senseg ThingLink In TOP 100 Kiosked Relaxbirth 10 fastest growing companies in Finland in 2013, 9 of which are Tekes customers (growth in 5 years, %): iLOQ (7 379 %) Multi Touch (4 024 %) Dream Broker Oy (2 231 %) Ecolane Finland (2 203 %) Alekstra (2 069 %) SLM Finland (1 832 %) Solinor (1 595 %) Valopaa (1 516 %) Paytrail (1 464 %) Eniram Ltd (1 514 %) Out of 50 fastest growing companies 49 are Tekes customers. Finnish companies on the list of European hottest start-up -companies, all financed by Tekes: Holvi Jolla Scartlet Motors Supercell Grand Cru Protogeo Walkbase Zen Robotis Indoor Atlas

20. According to an international comparison, Tekes is one of the world's leading innovation funders Source: Evaluation of Tekes – Final Report, Publications of the Ministry of Employment and the Economy, 22/2012. 04-2013DM 1114485 Tekes has enhanced the quality and capabilities of research. It has also increased cooperation and externality in addition to improve the international competitiveness and productivity of Finnish companies.

21. Tekes funding creates turnover and jobs 04-2013DM 1114485 For every euro invested by Tekes, companies increase their R&D expenditure by 2 euros. For every 14,000 euros of Tekes funding, one permanent job is created in the private sector.

22. Tekes funding increases cooperation and shares distributes the risks of innovation 04-2013DM 1114485 Tekes funding affects company strategies, cooperation between companies, and the challenge level, risks, quality and methods of projects. Tekes' financial incentives and programmes have had a major impact on the innovation cooperation of companies, universities and research institutes.