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.

As part of the growth strategy, a proposal for a national genome strategy has already been announced, while the eHealth and eSocial Strategy 2020 is being implemented.

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.

Further information:

Asta Wallenius, Ministry of Economic Affairs and Employment
Saara Leppinen, Ministry of Social Affairs and Health
Antti Valle, Ministry of Economic Affairs and Employment
Liisa-Maria Voipio-Pulkki, Ministry of Social Affairs and Health
Hannu Hämäläinen, Ministry of Social Affairs and Health
Erja Heikkinen, Ministry of Education and Culture
Riina Vuorento, Ministry of Education and Culture
Riitta Maijala, Academy of Finland
Jarmo Wahlfors, Academy of Finland
Anssi Pulkkinen, Tekes