Startup accelerators and the role of TEKES

K. Halme, K. Salminen, J. Wiikeri, P. Rouvinen, A. Kotiranta, M. Pajarinen, B. Barge, A. Walker, C. Miller, Paolo Borella, E. Autio

Research output: Book/ReportReport

Abstract

Startups have an important role in economic growth and renewal. Not only do young and rapidly growing companies create a disproportionately large share of new jobs (and tax revenues), they are also sources of new innovative products, services, technologies, and business models, which can catalyse the renewal− or even the disruption− of whole industries (see more in chapter 2). These impacts are also arguments for public intervention for supporting startups as innovation and entrepreneurship policies in advanced economies have increasingly shifted towards supporting young companies with the greatest potential.
In Finland, Tekes has arguably been the most important implementation organisation of Finnish policies for startups and high-growth companies. In 2016, the total Tekes funding for startups (less than six-year old companies) was€ 142 million, of which€ 25 million was provided through the Young Innovative Companies (NIY) programme....
Original languageEnglish
PublisherTEKES
Number of pages117
ISBN (Electronic)978-952-457-635-2
Publication statusPublished - 2018
MoE publication typeD4 Published development or research report or study

Publication series

SeriesTekesin katsaus
ISSN1797-7339

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    Halme, K., Salminen, K., Wiikeri, J., Rouvinen, P., Kotiranta, A., Pajarinen, M., Barge, B., Walker, A., Miller, C., Borella, P., & Autio, E. (2018). Startup accelerators and the role of TEKES. TEKES. Tekesin katsaus https://www.businessfinland.fi/globalassets/julkaisut/startups_accelerators_and_role_of_tekes1_2008.pdf