Finland Most Innovative Companies – 2024

Finland has consistently ranked as one of the most innovative countries, recently advancing to 6th place in the 2023 Global Innovation Index (GII) by WIPO. (Source) This upward trend reflects Finland’s strategic investments in infrastructure, institutions, and human capital, which have contributed to its remarkable growth in innovation outputs.  This article presents two lists: one ranking companies based in Finland and another ranking companies with headquarters outside Finland based on patent count. These comprehensive rankings provide valuable insights into Finland’s innovation landscape and its global implications, while offering insights into current and future technological trends.

Finland based Innovative Companies

Key Findings:

The dataset showcases the technological diversity in the innovation landscape of Finland.

Industrial and Environmental Solutions: Valmet (ranked 1^st), UPM (ranked 4^th) and Metso (ranked 9^th)

Energy and Chemicals: Neste (ranke 2^nd) and Kemira (ranked 8^th)

Telecommunications and Electronics: Nokia Tech (ranked 6^th), Dispelix (ranked 7^th) and Nokia Solutions & Networks (ranked 10^th)

Biotechnology and Healthcare: VTT Technical Research Centre (ranked 5^th), Planmeca (ranked 16^th), Medicortex Finland (ranked 19^th) and Nightingale Health (ranked 29^th)

Sustainable Solutions: Infinited Fiber (ranked 14^th) and Stora Enso (ranked 15^th)

Heavy Machinery and Automation: Ponsse (ranked 11^th) and Konecranes (ranked 17^th)

Food Production: Myllyn Paras (ranked 24^th) and Fazer (ranked 34^th)

Insights and Takeaways:

Companies like Coolbrook (ranked 20^th), Kempower (ranked 21^st) and Safegrid (ranked 32^nd) with fewer patents indicate the emerging innovation hubs focusing on niche technologies and novel market solutions.

Foreign Innovative Companies in Finland

Key Findings:

Information Technology and Telecommunications: Google (ranked 1^st), Huawei (ranked 2^nd), ZTE (ranked 3^rd), NTT Docomo (ranked 4^th), Oppo (ranked 7^th), LG Electronics (ranked 9^th) and Apple (ranked 16^th)

Biotechnology and Pharmaceuticals: Regeneron Pharmaceuticals (ranked 5^th), Roche (ranked 6^th), Novartis (ranked 18^th), Edwards Lifesciences (ranked 21^st) and Pfizer (ranked 22^nd)

Industrial Machinery: Andritz (ranked 8^th), Man Energy Solutions (ranked 17^th) and Alfa Laval (ranked 46^th)

Electronics: LG Electronics (ranked 9^th) and Samsung Electronics (ranked 13^th)

This dataset highlights significant contributions from companies to Finland’s innovation landscape. From industrial machinery to biotech and sustainable materials, these companies drive significant advancements, reinforcing Finland’s role as a global innovation leader.

Need to know anything else? We got you covered!