Finland Most Innovative Companies – 2023

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

RankCompanyPatent CountHQ CountrySector
1Valmet152FinlandAutomation
2Neste119FinlandOil & Gas
3Elisa Oyj90FinlandTelecommunications
4UPM83FinlandPaper Mill Company
5VTT Technical Research Centre of Finland82FinlandResearch & Technology
6Nokia Tech46FinlandResearch & Technology
9Metso36FinlandIndustrial Machinery
7Dispelix28FinlandWaveguide Combiners Manufacturing
8Kemira27FinlandChemical Industry
10Nokia Solutions & Networks21FinlandTelecommunications
11Ponsse20FinlandForestery Vehicles and Machinery
12Beneq19FinlandFilm Coatings & Equipment
13Picosun15FinlandMetal Fabricator
14Infinited Fiber13FinlandTextile Recycling
15Stora Enso12FinlandPackaging Company
16Planmeca12FinlandDental Equipment
17Konecranes12FinlandCrane Manufacturer
18Acon11FinlandSports Products Manufacturer
19Medicortex Finland11FinlandHealthcare
20Coolbrook10FinlandEngineering & Technology
21Kempower10FinlandElectric Vehicle Charging
22Suunto9FinlandElectronics
23Moviator Oy9FinlandInformation Technology
24Myllyn Paras9FinlandFood Production
25EcoUp9FinlandRecyclable Construction Materials Manufacturer
26ABLOY9FinlandSecurity & Lock Manufacturer
27KWH Mirka9FinlandAbrasives & Sanding Machines Manufacturer
28Metsa Board9FinlandPackaging Company
29Nightingale Health8FinlandHealthcare
30Canatu8FinlandCarbon Nanonmaterial Developer
31Rautaruukki8FinlandIndustrial Machinery
32Safegrid7FinlandElectric Fault Monitoring System
33Proventia7FinlandMotor Vehicle Manufacturing
34Fazer7FinlandFood Production

Key Findings:

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

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

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

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

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

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

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

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

Insights and Takeaways:

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

Foreign Innovative Companies in Finland

RankCompanyPatent CountHQ CountrySector
1Google35United StatesInformation Technology
2Huawei33ChinaInformation & Communications Technology
3ZTE32ChinaTelecommunications
4NTT Docomo29JapanMobile Phone Operator Company
5Regeneron Pharmaceuticals27United StatesBiotechnology
6Roche27SwitzerlandPharmaceuticals
7Oppo24ChinaTelecommunications
8Andriz24AustriaIndustrial Machinery
9LG Electronics23South KoreaElectronics
10Umicore21BelgiumMaterials Technology
11Sandvik20SwedenMining and Rock Technology
12Arcelormittal20LuxembourgSteel Manufacturing
13Samsung Electronics20South KoreaElectronics
14Virta19United KingdomElectric Vehicle Charging
15Voith Patent Gmbh19GermanyIndustrial Machinery
16Apple18United StatesTechnology
17Man Energy Solutions14South AfricaIndustrial Machinery
18Novartis14SwitzerlandPharmaceuticals
19ABB14SwitzerlandAutomation
20Illumina14United StatesBiotechnology
21Edwards Lifesciences14United StatesMedical Technology
22Pfizer13United StatesPharmaceuticals
23Signify12NetherlandsLighting Systems
24BASF12GermanyChemical Industry
25Husqvarna12SwedenPower Products Manufacturer
26Yokohama Rubber12JapanTire Manufacturer
27F L Smidth12DenmarkIndustrial Machinery
28Fronius International12AustriaPhotovoltaic Manufacturer
29Amgen11United StatesHealthcare
30Roche Diabetes Care11SwitzerlandHealthcare
31Merck11United StatesPharmaceuticals
32Hamamatsu Photonics11JapanOptical Sensor Manufacturer
33Blackberry10CanadaCybersecurity
34John Deere10United StatesIndustrial Machinery
35Skechers10United StatesFootwear
36Epiroc Rock Drills9SwedenMining and Rock Technology
37ZF Friedrichshafen9GermanyVehicle Parts Manufacturer
38Bristol Myers Squibb9United StatesPharmaceuticals
39Abbott Diabetes Care9United StatesHealthcare
40Framery9United KingdomSoundproof Pods & Booths Manufacturer
41Robert Bosch8GermanyEngineering & Technology
42El Ho8HollandSustainable Plant Pots Manufacturer
43Qualcomm8United StatesSemiconductor
44Solenis Tech Cayman8United StatesChemical Industry
45Eli Lilly8United StatesPharmaceuticals
46Alfa Laval8SwedenIndustrial Machinery
47Metabo Fiber7GermanyPower Products Manufacturer
48Fujitsu7JapanInformation & Communications Technology
49Wing Aviation7United StatesDrone Manufacturer
50Novozymes7DenmarkBiotechnology
51Schneider Electric7FranceAutomation
52Lenzing7AustriaChemical Industry
53Sulzer7SwitzerlandIndustrial Engineering & Manufacturing
54Atlas Copco Airpower7SwedenAir Treatment Systems
55Siemens Mobility7GermanyRail Technology & Traffic Systems
56Topsoe7DenmarkChemical Industry
57Takeda Pharmaceuticals7JapanPharmaceuticals
58Bayer7GermanyPharmaceuticals
59Boehringer Lngelheim Vetmedica7GermanyPharmaceuticals
60Parma Company7United StatesFarm Equpiment Supplier
61Evonik Operations7GermanyChemical Industry
62Oxford Instruments Nanotechnology7United KingdomIndustrial Machinery
63Ericsson7SwedenInformation & Communications Technology
64Nestle7SwitzerlandFood Production
65Rockwool International6DenmarkMineral Wool Manufacturing
66Yeti Coolers6United StatesOutdoor Products

Key Findings:

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

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

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

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

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.

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Our comprehensive report provides an in-depth look into the patent portfolio. The report includes a breakdown of the patent portfolio across various technologies, listing the patent along with brief summaries of each patent's technology.