type: government agency
location: Helsinki, Southern Finland, Finland
WWW: www.tekes.fi
Tekes, the Finnish Funding Agency for Technology and Innovation is the main public financing and expert organisation for research and technological development in Finland. Tekes finances industrial R&D projects as well as projects in universities and research institutes. Tekes especially promotes innovative, risk-intensive projects.
The primary objective of Tekes is to promote the competitiveness of Finnish industry and the service sector by assisting in the creation of world-class technology and technological know-how. Specifically, Tekes’ activities aim to diversify production structures, increase production and exports, and create a foundation for employment and social wellbeing.
Tekes funds come from the state budget via the Ministry of Trade and Industry. Tekes has a budget of 400 million euros, a source of funding for 2,000 projects annually.