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!
Senior Advisor, Invest in Finland
Hanna Hyttinen
Latest news
US based Plug Power Makes Strategic Move into Finland’s Green Hydrogen Economy
Plug plans to develop three green hydrogen production plants in Finland for European markets. This investment stands among Europe's largest, showcasing Finland's international competitiveness and marking a remarkable achievement, creating around 1,000 direct jobs and over 3,000 indirect jobs, significantly boosting the local economy.
Trending: Finncredible
“So how do you like Finland now?” Despite geopolitical turmoil, war and strife all around, Finland’s image receives additional shine and the country's overall visibility was record high in 2022.
The Magnetic North
Simon Anholt, leading authority on national image and the creator of the Good Country Index, has been a fan of Finland for a long time. Currently ranking 5th in the world in the Good Country Index, Finland has a tendency to punch well above its weight class in the image department, he says.
Cases
Fraunhofer and BCB Medical: Finnish–German collaboration in health data accelerates innovation
Bringing together great minds, new technologies, and latest research enables new solutions to support the treatment of chronic diseases. Thanks to Business Finland, Fraunhofer and BCB Medical found each other in the testing phase of the digital twin prototype.
PerkinElmer thrives in Turku
What’s the perfect place to conduct world-class life sciences research for the benefit of millions around the globe? – For global leading company PerkinElmer the answer is simple: Finland!
Quantum technology company IQM Finland exports Finnish deep tech expertise
IQM Finland, a Finnish manufacturer of quantum computer chips located in Mankkaa, Espoo, makes the impossible possible. In just a few years, the largest manufacturer of superconducting quantum computers in Europe has risen to the forefront of international quantum companies. IQM Finland has been a customer of Business Finland since the company was founded in 2018.