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
FDI Barometer: International companies want to keep growing in Finland
Even during the Covid-19 pandemic, international companies operating in Finland were hard at work planning to expand local operations. Over half (57%) of foreign affiliates had plans to expand operations or make new investments in Finland in 2020-2022.
FDI Barometer: FDI continues to drive well-being and innovation in Finland
More than half of foreign-owned companies surveyed have considered expanding their operations in Finland in the past two years. What’s more, nearly half of these companies are planning to hire more personnel in 2023.
Share of carbon-free electricity soon over 90% in Finland
With the regular electricity production of OL3, Finland’s self-sufficiency in clean electricity grows – the share of carbon-free electricity production will rise from 87% to over 90%.
Cases
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.
GE Healthcare expands operations in Finland
When Covid-19 struck, the global demand for patient monitors and gas measurement modules used in ventilators skyrocketed. GE Healthcare sprang into action in Finland, rapidly ramping up production of the medical equipment at its Helsinki-based manufacturing plant.