Tekes (agency)

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Tekes
Tekes (agency) logo.png
Agency overview
Formed 1983 (1983)
Parent agency Ministry of Employment and the Economy
Website www.tekes.fi/en/

Tekes – the Finnish Funding Agency for Technology and Innovation, a part of Finnish Ministry of Employment and the Economy, is the most important public funding agency for research funding in Finland. It was founded in 1983 through the president of Finland, Mauno Koivisto, who ratified the Act on the founding of Tekes.

In 2009, Tekes invested €579 million in 2,177 projects, of which €343 million was directed to enterprise projects and €236 million to universities, polytechnics and public research institutes.[1] Tekes functions as a funding agency only.

"Tekes" is derived from Tekniikan edistämiskeskus (Center for Advancement of Technology).

In enterprise projects, funding is given to transform research-stage ideas into viable businesses, and may combine direct unconditional funding with Tekes-guaranteed loans conditional on the success of the resulting business.

National Technology Agency[edit]

The Agency is based in Finland.

The National Technology Agency (known until 1999 as the Technology Development Centre) (Finnish language: Innovaatiorahoituskeskus Tekes or simply Tekes) is an organization for research and technology development in the Republic of Finland. It was formed on 1 July 1983. According to the Agency, its purpose "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". Its annual budget is four hundred million EUR. Its funds come from the Ministry of Trade and Industry.

Locations[edit]

The Agency is based in Helsinki. It has fourteen regional Employment and Economic Development Centres (also known as the T&E Centres) throughout the Republic. The Agency also has offices in Beijing, Brussels, Tokyo, Silicon Valley, Shanghai, and the District of Columbia. The Agency claims to employ 320 people.[citation needed]

Brief history[edit]

The Centre was founded primarily in response to an economic recession during the 1970s. At its formation in 1983, it employed twenty people. It began researching energy technology in 1995.

See also[edit]

References[edit]

External links[edit]

Coordinates: 60°12′0″N 24°55′35″E / 60.20000°N 24.92639°E / 60.20000; 24.92639