New Space Economy
Launch your business into the new space economy
Finland’s strengths in the new space economy are enabling disruptive companies to transform diverse sector areas, from natural disasters and climate change to maritime and mining. As a result, we’re driving rapid developments in machine learning, AI, analytics, and data services too.
2 satellite companies designed, built, and launched satellites into orbit
Leading manufacturing capabilities
Finland has an excellent technology backbone and capabilities to build satellites, satellite systems, and components. We also have comprehensive testing facilities, specifically in radio technology.
Leading manufacturing capabilities
Finland has an excellent technology backbone and capabilities to build satellites, satellite systems, and components. We also have comprehensive testing facilities, specifically in radio technology.
2 satellite companies designed, built, and launched satellites into orbit
New Space Economy in Finland
Thriving research and education
Our universities and research institutes feed into a vibrant ecosystem and have a long tradition of space research, from astrophysics to air pollution. Finnish instruments have been on board over 70 space missions too.
Break-through situational awareness capabilities
Finnish sensors, satellites, and drones are driving advances in earth observation, backed by world-leading know-how in environmental surveillance and a reliable and secure wireless communication system.
Pioneering collaboration
We are driving genuine collaboration in the new space economy. Home to an ever-expanding and exciting ecosystem that spans huge sectors, Finland participates in the design and development process for dozens of satellites in ESA and international partners.
Making space more sustainable
As space becomes more crowded, Finland is pioneering new de-orbiting technologies to create a more sustainable space environment for science and businesses. Space physics missions and dedicated investment are helping to monitor space conditions too.
Our industry contacts
Our network of experts offers local expertise with global insights. We’re happy to help!
Communications and Mobility, Electronics and Electrics, Metal and Machinery, Software and Data
Contact me
Communications and Mobility, Electronics and Electrics, Metal and Machinery, Software and Data
hanna.hyttinen (at) businessfinland.fi
+358 50 325 0610
Latest news
247 new foreign-owned companies to Finland in 2023
A total of 247 new foreign owned companies were established in Finland in 2023, according to Invest in Finland's national monitoring. The total number was less than in previous years – the willingness of companies to expand abroad globally was affected by economic uncertainty and high interest rates.
Startup in Finland webinar series in March 2024
What does the startup ecosystem of Finland have to offer for innovative startup founders – join our Startup in Finland webinar series to find out!
3 reasons why Finland is an attractive destination for green business
A substantial majority, close to 90 %, of Finnish people say nature is important to them. Therefore, it should not come as a surprise that Finland is a committed forerunner in the green transition, with a strong backing from its government, infrastructure, and industry.
Cases
Tech Mahindra taps into Finnish innovation – builds a Makers Lab in Espoo
Global tech giant Tech Mahindra has operated in Finland for over a decade. Now, the Indian company has opened an innovation center in Espoo to be close to Nordic innovators in quantum computing, foundational AI, the metaverse, IoT and more.
ÖÖD Hotels is expanding its operations to Finland
Estonian ÖÖD Hotels, known for its unique glass cabins, is investing in Finland. The first ÖÖD cabins will be completed soon in Pyhtää. The company plans to expand its operations next to Mikkeli, and discussions are underway with places like Naantali and Kuusamo.
AMADA steers their big European push from Finland
AMADA is a Japanese comprehensive manufacturer of metalworking machinery and a long-term friend of Finland. To cap off a business and capital alliance of more than ten years, AMADA fully acquired a Finnish automation solution manufacturer for metalworking machinery company and renamed the company in 2020.