Growth from health sector innovations and research
The health sector is one of the fastest growing industries in the world. Finland is in an excellent position to become a top player in health care business, well-being and health services and the new services in the sector.
Growth and renewal in the health sector is being boosted with the national growth strategy for research and innovation announced in spring 2014. Its implementation is jointly steered by three ministries (Ministry of Economic Affairs and Employment, Ministry of Education and Culture and the Ministry of Social Affairs and Health) and the providers of funding (Academy of Finland and Tekes).
The aim of the strategy is to systematically develop the sector’s operating environment and ensure its competitiveness, boost investments and to achieve economic growth in the sector. The health sector growth strategy will also create opportunities for better health care and a basis for a more efficient social and health sector.
The aim of Team Finland Health (in Finnish), a growth programme administered by Finpro, is to help in the marketing of Finnish expertise, attract investments and support enterprises in their international expansion. The Academy of Finland and Tekes are directing and developing funding instruments in accordance with the priorities laid out in the health sector growth strategy. Consideration is also given to the issues that must be taken into account in the commercialisation of the sector.
Government Programme supports practical implementation of the strategy
One of the Government's growth policy priorities is to accelerate growth in the health sector. On 14 June 2016, the Government published the Health Sector Growth Strategy for Research and Innovation Activities, Roadmap for 2016–2018. This gives further details about the implementation of the growth strategy published in 2014 and accords with the Government's key projects and priorities.