World class eco systems and competitive business environment
World class eco systems and competitive business environment
Business Finland has asked Copenhagen Economics to address the following questions:
How have Business Finland’s invest-in activities succeeded to attract foreign investments that increase renewal of companies in the Finnish business environment and will do so in the future?
How have Business Finland’s funding and services succeeded to build trial platforms and ecosystems in Finland will do so in the future?
Overall, we find indications that the invest-in services have helped bringing new FDI to Finland, but we also find that there is a potential for Business Finland to focus the investment promotion more towards Finnish strongholds and more proactively pur-suing clients.
Strong ecosystems are a key driver of FDI. We find that Business Finland’s funding of ecosystem development has a positive and significant impact on employment and turnover in the SMEs and start-ups that receive funding. Funding from Business Fin-land for SMEs increases employment by around three employees in the average sup-ported firm. It is estimated that the investment programmes have a payback time between seven and nine years.
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