VTT Technical Research Centre of Finland
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|Teknologian Tutkimuskeskus VTT Oy
Teknologiska forskningscentralen VTT Ab
Main building of VTT in Otaniemi, Espoo
|Formed||January 16, 1942|
|Headquarters||Vuorimiehentie 3, Otaniemi, Espoo|
|Employees||2,600 (VTT Group 1.1.2015)|
|Annual budget||277 M€ (VTT Group 2014)|
|Parent department||Ministry of Employment and the Economy|
VTT Technical Research Centre of Finland Ltd is a Finnish non-profit multidisciplinary R&D organisation. VTT Group is a government agency, and has four subsidiary corporations: VTT Expert Services Oy, VTT Ventures Oy, VTT International Oy and VTT Memsfab Oy. 65% of funding is external (private), 35% is from the government and 21% international (2014).
VTT was founded in 1942 for scientific and public utility. VTT has its headquarters in Otaniemi. VTT is originally an abbreviation of Finnish words "Valtion Teknillinen Tutkimuskeskus" (State Technical Research Center).
VTT’s key technology fields
- Applied materials
- Bio- and chemical processes
- Information and communication technologies
- Industrial systems
- Microtechnologies and electronics
- Services and the built environment
- Business and innovation research
VTT has 2,600 employees (2014), of which over 80% have a university degree. VTT has a patent portfolio of 1,200 patents and 1,500 publications yearly.
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