The keynote presentation of Pekka Soini in the CTO of the Year 2015 Awards Ceremony.

1. The impact of CTOs
in innovation based renaissance
of Finnish industries
Pekka Soini, Director General
Tekes
CTO of the Year 2015 Award Ceremony 4.2.2015

2. What we need for
competitive innovation environment in Finland?
02-2015DM 1408636
! Encouraging atmosphere
! Competent workforce and
management available
! Business friendly regulation
and taxation
! Innovative public procurement
! Smart innovation funding
! Push and pull for digitalisation

3. DM 1408636 02-2015
» Set your targets on high level
» Start revolutionary projects
» Tekes helps – fifty-fifty risk sharing

4. Towards digital revolution
Digitalisation will influence all branches
Take benefit to your business from digitalisation
Take advantage of the top level ICT and digital
experts available in Finland
Tekes will invest 300 million euros to boost
digitalisation through three Tekes programmes
! 5thGear
! Industrial Internet
! Bits of Health
02-2015DM 1408636

5. Pilot and demo funding to reach new markets
! A company can demonstrate that the results
work in a large scale in a real operating
environment
! A company can test the solution together with
its customers
! Suits very well for large demonstration projects
and for digital solutions
! Suits well for long development processes and
quick pilots
! Examples:
- robotic-based baggage handling system
- power plant converting ocean waves to energy
- user and usability testing for online auction
DM 1408636 02-2015

6. Example – Waste collection for smart cities
02-2015DM 1408636
!Enevo One - Collect waste without
wasting money
!Uses wireless sensors to measure
and forecast the fill-level of waste
containers
!Generates smart collection plans
!Up to 50% in direct cost savings
!Thousands of sensors deployed in
already 27 countries
!Over 9 million euros
venture capital funding

7. Tekes customers are successful
02-2015DM 1408636
Ranks 50 fastest growing tech companies in
Finland 2014. More than 80 % of these
companies have grown to international
markets.
Top 10 companies
(Tekes customers bolded)
1. ePassi Payments (8,431%)
2. Tuxera (6,391%)
3. Valopaa (3,091%)
4. Alekstra (2,240%)
5. Diktamen (1,955%)
6. iLOQ (1,832%)
7. Anders Innovation (1,705%)
8. Efima (1,435%)
9. Eniram (945%)
10. Solinor (749%)
(growth in 5 years, %)
The Wired Magazine lists Europe’s hottest startup
companies. Most of the Finnish companies listed are
part of the Tekes young innovative companies funding
programme.
Nanol Technologies
Sumoing
Beddit
Diktamen
Playraven
Nexstim
Nextgames
Bitbar Technologies
Team Onomatics
5th Wave Brands

8. What can we fund at Tekes?
DM 1408636
Insight about customer need
Better knowledge about target markets
New, improved business model
R&D to develop products, services, processes
Skillful management and organisation
02-2015

9. Innovation funding with proven impact
02-2015DM 1408636
For every euro invested
by Tekes, companies
increase their own R&D
expenditure by
2 euros
of Tekes customers
state that the Tekes
funding was a significant
factor in their success
Over 80%
In growth companies
funded by Tekes, the
increase of turnover was
units faster than in
other SMEs in
2010-2013
24%
5.8
Projects that were
completed in 2014
produced
academic theses
1,090
Projects that were
completed in 2014
generated
products, services or
processes
1,500
Projects that were
completed in 2014
resulted in
patents or
patent
applications
1,130
Tekes has partly funded
65%of well-known Finnish
innovations
SMEs expect
projects in 2014
to produce
billion euros in turnover
during the target year
In SMEs funded
by Tekes the annual
growth of exports was
1 mrd €