The Finnish Model of STI Policy: Experiences and Guidelines. KNOGG Thematic Network WP4 Country Report - Finland

This report reviews the Finnish science, technology and innovation (STI) policies. The structure and actors of national innovation system (NIS) are described shortly as well as the functioning of education system. The performance of the Finnish STI policies is evaluated by referring to alternative comparative measurements. The roles of multinational companies and EU research programmes in the NIS are discussed briefly. The main conclusion of this report is that the Finnish STI policy has been successful in creating a wellfunctioning NIS and providing higher education. The main challenges are related to the absorptive capacities of Finland. So far, flows of inward FDI have not been satisfactory.