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The eco-innovation landscape in Finland has been remaining quite stable over the last years. Importantly, Finland is still ranked as one of the most innovative countries in the world. Finnish eco-innovation continues to benefit from a well-developed innovation system, open economy, and close collaboration between industry, academia and national research organisations.
Energy efficiency and circular economy have been established as key high-level policy priorities, and related national and regional initiatives are manifold. Both start-ups and established companies generate technologies, products and services in several sectors relevant to eco-innovations and the circular economy. Applications range from a mobile app designed to rescue leftover food from restaurants to pioneering energy management solutions and transformative products based on material recycling.
One of the most important policy developments is the inclusion of circular economy as a priority in the Strategic Programme of the Finnish Government from 2016 onwards. The Finnish Ministry of Employment and the Economy also published the Strategy to Promote Cleantech Business in Finland in 2014, which continues to guide policymaking and business initiatives. Other important strategies and programmes relevant to eco-innovations and the circular economy include the Finnish Bioeconomy Strategy (2014), the Finnish Material Efficiency Programme (2014), and the new Circular Economy focus area (2016) in Sitra, the Finnish Innovation Fund.
The main challenges for eco-innovation in the country are associated with the weak national economy and decreasing public and private research and development (R&D) spending .
2015 Eco-innovation Scoreboard ranking and eco-innovation index composites for Finland