Impact study on world-class ecosystems in the Finnish economy

Technopolis Group and 4FRONT assessed the impact of Business Finland on developing world-class ecosystems. Currently Business Finland’s ecosystem portfolio consists of more than 40 ecosystems, ranging from new emerging ecosystems to mature international business ecosystems.

The main aim of the impact study was to analyse the additionality of the ecosystem policy. The main research questions were:

  1. How can public sector in Finland improve its ability to build ecosystems in order to attract global actors to Finland?
  2. What has been the main value added of the funding and services of Business Finland for promoting business ecosystems in the Finnish economy?
  3. What kind of critical obstacles and bottlenecks have affected, or could affect, the ability to achieve these goals?
  4. What kind of societal impacts (renewal of economy, environment, well-being, capabilities, company growth, ecosystems) have been achieved and how they could be measured?

The evaluation highlighted that the ecosystems show a lot of potential for addressing the key challenges of Finland. However, development of ecosystems takes time and requires stable policy and support over a longer period of time. Furthermore, ecosystem benefits can be further enlarged by exploiting coherence with other public policies and activities.

The report was published in May 2021.

World-class ecosystems in Finnish economy. Impact study.