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The Technology Industries of Finland have started an extensive
one-hundred-million-euro programme of measures to develop
Finnish technology companies. Striking capacity is badly needed
to give a thrust to growing economic areas and a global reconstruction.
"We want to speed up the change; we don't oppose it.
Finland's location far away from many growing market areas
and the high cost level are making it very challenging for
companies to keep their competitive position," stresses
Harri Jokinen, who heads the programme.
The TRIO programme challenges companies and company networks
to invest in technology, strategic regeneration and internationalization
between 2004-2009.
"Constructing growth for the future will require exceptional
courage, risk-taking and the desire to develop on the part
of entrepreneurs. The programme will offer partnership for
implementing these growth strategies."
820 companies involved
The programme is directed in particular at suppliers of systems
and components in the sector. As the main purchasers are outsourcing
their operations and wanting to buy increasing amounts from
a decreasing number of sources, systems suppliers must put
themselves into a position to become major international players.
This will also mean specialization by component suppliers.
The aim is to involve 820 companies, 20 of which will develop
into international systems suppliers. A hundred systems suppliers
will develop into strategic partners with their main suppliers,
and 200 companies will become specialized systems suppliers.
In addition, 500 SMEs will specialize by investing in new
technology, thus achieving a strong position in company networks
that are going international.
The co-partners in the programme will provide the companies
with a wide range of choice in measures and financing. Participating
in the programme, aside from the Technology Industries of
Finland, will be the Metalworkers' Union, the National Technology
Agency of Finland, the National Research Centre of Finland,
the Ministry of Trade and Industry, the Ministry of Labour,
the Finnish Work Environment Fund, the Finnish National Fund
for Research and Development, Finnvera Oy, Finpro, Fintra,
Finnish Industry Investment Ltd, T&E Centres and the SME
Foundation.
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Finland's biggest
The technology industry (the electronics and electrotechnics
industry, mechanical engineering industry and metals
industry) plays an unusually big role in Finland. It
is the biggest industrial sector in Finland, covering
over 80% of the industry's R&D investment, almost
50% of the turnover and 60% of exports. More than 70%
of the products go to global markets. The Technology
Industries of Finland's task is to ensure that the technology
industry is in a position to succeed in international
competition.
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www.teknologiateollisuus.fi
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