Innovation co-operation with RussiaInnovation co-operation between Finland and Russia aims to strengthen these countries’ competitiveness within the global economy, while creating a framework for closer co-operation between enterprises, research institutions and development organisations.
In 2005 the Finnish-Russian International Commission for Economic Co-operation set up a working group for innovation under the Commission, aimed at intensifying R&D&I co-operation between Finland and Russia.
The objective is to define focus areas of innovation co-operation, in line with the countries’ common goals. Key fields of co-operation include nanotechnology, energy efficiency and ecological building, and well-being, including biotechnology. Digital products and the maritime industry have also been identified as potential co-operation industries.
Finland’s Ministry of Employment and the Economy, and the Russian capital investment company Rusnano (Russian Corporation of Nanotechnologies), signed a co-operation agreement in 2008, with the objective of promoting co-operation between the countries in nanotechnology application. Finnish Industry Investment Ltd and Rusnano agreed on capital investment co-operation in 2010. Other operators in the Ministry of Employment and the Economy’s administrative sector, such as VTT Technical Research Centre of Finland, Tekes - The Finnish Funding Agency for Technology and Innovation, and Finpro, are engaged in co-operation projects with Russian operators. Russia participates actively in the EU’s Framework Programmes for research and technological development.