This paper aims to establish how the innovative activity in Finland has changed over time in the transition from a resource-driven economy to a knowledge-driven economy. The paper first takes a historical perspective on innovation and industrial activity in Finland through a descriptive...

This paper discusses the outcomes of university-industry interaction from the perspective of an individual academic researcher. Two contributions are made to the extant literature. First, in the existing research, the focus has mostly been on outcomes such as university-based patenting,...

Nanotechnology, as an emerging science-based technology, is seen to have great potential both in scientific as well as economic terms. In this paper the focus is on identifying the technological linkages between the Finnish nanotechnology community and the industrial incumbents. These...

Technological change and innovation is driven by the generation and accumulation of new knowledge. However, these processes are elusive from an empirical viewpoint and economists have put a lot of effort into identifying and developing appropriate indicators to measure knowledge and its...

Patents form a central pathway for capturing the value of intangible assets in a knowledge-intensive business. Patents can potentially generate and support earnings in two ways: they can be traded or licensed out, and they can provide critical protection for core production technologies or...

Nanotechnology has been touted as a general purpose technology (GPT) and engine of growth for the 21th century, following in the footsteps of ICT. Nanotechnology is still in an early phase of development, it is scientist driven and thus largely exogenous to the economy at present. In Finland the...

Hardly any other field has received so much public R&D investments globally in such a short time as nanotechnology. Nanotechnology can be considered as an umbrella term for R&D at the nanometer scale (1‐100 nm) where unique phenomena enable novel applications. The interest given to...

This paper compares the post-investment value-added activities performed by governmental venture capital (GVC) and independent venture capital (IVC) for their portfolio companies, and controls for the selection effect that the different investment profiles of these investors might have on the...

In this paper our aim is to assess the evolution of the Finnish biotechnology sector during the 2000's. Particular focus is given to the growth expectations and realized outcomes of Finnish biotechnology companies, to the evolution of public investments, and to potential determinants of company...