Finland is known for introducing the newest smart technologies to the world. Today, we are at the forefront of revolutionizing health and a recognized world-class healthcare innovation hub.
Finland offers a unique combination of high-quality health data and an open society of trust. 100% of our patient records are in electronic format. International researchers have a national one-stop-shop access to our data, including population-based biobanks, comprehensive digital healthcare registers and electronic medical records.
The Act on the Secondary Use of Health and Social Data (2019) and Biobank Law (2012) elevate research, innovation and investment opportunities across health and wellbeing from disease prevention to predictive and personalized medicine and new treatment methods, with a full focus on data privacy and security.
Healthcare is advancing rapidly with by the digital revolution, and Finland is a global leader in digital health. Health tech is the largest and one of the fastest-growing export segments of the high-tech industry (Healthtech Finland 2019). We have the best availability in the world of the latest technologies, scientists and engineers, enabling us to reach this recognized position (World Economic Forum Global Competitiveness Report 2017–2018). Finnish life-saving innovations utilize exponential technologies, like AI, XR and 3D, more creatively than ever.
Finland’s flexible business environment, strategic government support and buzzing startup culture allow the growth of innovations. For several years now, Finnish startups have been the most attractive VC investment targets in Europe (The Finnish Venture Capital Association). We have the technology, the latest innovations and the best experts to solve global health problems.
Our culture of working together creates public-private cooperation and business ecosystems that generate innovation and growth. Our ecosystems consist of companies, research organizations, cities and municipalities, government regulators as well as innovation and internationalization accelerators, all working closely together toward a common goal. As a small country, we value international cooperation and networks.
Consistently ranked among the leaders in various international comparisons, Finland offers a business environment with a uniquely high level of stability, continuity and predictability.
Finland is an attractive health travel destination with e.g. cancer treatment results ranking among the highest in the world. Finland is a reliable partner in healthcare with innovative doctors, many of them being international opinion leaders in their respective fields.
We have the competitive ability to combine medical, engineering and health technology know-how. Major global players like Bayer, Thermo Fisher Scientific, Fujitsu and GE Healthcare have chosen Finland as a location for their R&D centers of excellence. It’s no wonder – because Finland ranks high in education as well as in the quality and availability of health tech professionals. The 5G network makes our health test beds attractive locations.
Finland is among the most technologically advanced, innovative and dynamic economies in the world, providing better living conditions and better social protection than our peer countries, cohesively and sustainably (World Economic Forum Global Competitiveness Report 2019).
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