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....
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 language | English |
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Publisher | TEKES |
Number of pages | 117 |
ISBN (Electronic) | 978-952-457-635-2 |
Publication status | Published - 2018 |
MoE publication type | D4 Published development or research report or study |
Publication series
Series | Tekesin katsaus |
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ISSN | 1797-7339 |