Page 57 - Azerbaijan State University of Economics

Odiljon Abdurazzakov: Role of technology transfer catalysts in stimulating
innovation: how to apply finnish experience to emerging economies

- VTT Metrology, which is the National Metrology Institute of Finland and
performs high level metrological research and develops measuring
applications in partneship with industry;
- PrintoCent, which is the world‟s first pilot factory for printed intellifence
industrialization;
- A pilot-scale research environment for fibre processes which enables the
development of novel products and supports the renewal of pulp and paper
industry;
- Micronova, which is a world class facility fully equipped for the fabrication
of silicon, glass and thin film based microsystems.

VTT Technical Research Center has research units in different parts of Finland as
well in South Korea and Brazil. VTT has over 1200 patents and patent application. In
2015, VTT made 296 inventions and 48 new patent applications. VTT researchers also
published 614 scientific articles in 2015. In 2015, VTT has generated 21 spinoff
companies which were created as a result of the research conducted at VTT. VTT
Ventures Ltd is a development company that generates and develops spinoffs based on
VTT‟s technology. The company works closely with VTT scientists to find the most
valuable new technologies to commercialize. Through VTT Ventures, entrepreneurs
have access to innovative ideas and know-how of nearly 380 patent families. This is the
bases for the dealflow that enables VTT to create companies with global potential. As
of 2016, there are 21 companies in the portfolio of VTT Ventures generating 35 million
euros of annual revenue (VTT Review (2015)).
Third important part of Finland‟s technology transfer system is the private sector
participants. Among different private sector participants, Technopolis has an important
role in stimulating innovation in Finland. It is an international chain of technology
parks. Technopolis was first established in Oulu in 1982. Because of high demand for
its services from companies like Nokia, Technopolis grew 2300% until 1999. In 1999 it
was listed as a for profit public company in Helsinki stock exchange. Technopolis
operates in 6 countries and 13 cities. In Finland, Technopolis has branches in cities of
Helsinki, Espoo, Vantaa, Oulu, Tampere, Jyvaskyla, Kuopio and Lappeenranta. Besides
Finland, Technopolist has branches in Oslo (Norway), Tallin (Estonia), St. Petersburg
(Russia), Vilnius (Lithuania) and Gothenburg (Sweden). Technopolis has 21 campuses
with more than 120 buildings. It has about 1,700 resident companies located in
Technopolis with total employees of 49,000 people.
Technopolis offers not only space but also supporting services to its resident
companies. Through such support, Technopolis enables its reseident to focus on
their growth and make their operations more efficient. Technopolis facilitates local

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