Home to some of the world’s largest forest products companies, Finland is committed to staying at the front of this sector and others where it is particularly strong, according to a recent study by the country’s National Technology Agency, Tekes.
Introducing new product and business concepts in traditional industries has been identified as one of Finland’s key six application focus areas in the future.
As leaders in the forest products sector, Finnish companies face some tough challenges in deciding how to revitalise parts of their business and develop start-ups to take advantage of new business opportunities. Multidisciplinary and cross-technological initiatives will be a key avenue to solving these challenges, according to the Tekes report.
Finland’s metal and electronic industry face similar challenges. To succeed in a global economy, these sectors need to pay increasing attention to specialising in competitive products and services and introducing new business models. Modern process and production technology, and developing new ways of using ICT, will be important in enhancing long-term competitiveness.
The Tekes report also suggests that the interfaces between different industrial clusters will have a valuable role in generating important new strengths for the Finnish economy. Combining Finnish strengths in electronics and the forest industry will open up the way for new kinds of materials and communication solutions. Innovative approaches to the media could open up new opportunities for paper products and extend paper beyond printing into a broader range of media uses. Finnish companies are already developing printed electronics and smart packaging, for example, and these are expected to play an important role in life in the future.
More articles from Business and Finance:
5 things newly appointed CIOs must do to succeed
22.11.2013 | European School of Management and Technology (ESMT)
First port of call for news business models
08.11.2013 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO
International team of scientists develops new feedback method for optimizing the laser pulse shapes used in the control of chemical reactions
In many ways, traditional chemical synthesis is similar to cooking. To alter the final product, you can change the ingredients or their ratio, change the method of mixing ingredients, or change the temperature or pressure of the environment of the ingredients.
Like an accomplished chef, chemists have become very skilled ...
A genetic defect protects mice from infection with influenza viruses
A new study published in the scientific journal PLOS Pathogens points out that mice lacking a protein called Tmprss2 are no longer affected by certain flu viruses.
The discovery was made by researchers from the Helmholtz Centre for Infection Research (HZI) in Braunschweig in collaboration with colleagues from Göttingen and ...
The Light: Global study gets underway with online user survey
Light has a fundamental impact on our sense of well-being and performance. In cooperation with Zumtobel, a supplier of lighting solutions, Fraunhofer IAO has launched a global user survey of lighting quality in offices. The objective is to identify the best lighting conditions for a variety of spaces and lighting ...
Quantum entanglement, a perplexing phenomenon of quantum mechanics that Albert Einstein once referred to as “spooky action at a distance,” could be even spookier than Einstein perceived.
Physicists at the University of Washington and Stony Brook University in New York believe the phenomenon might be intrinsically linked with wormholes, hypothetical features of space-time that in popular science fiction can provide a much-faster-than-light shortcut from one part of the universe to another.
But here’s the catch: One couldn’t actually ...
A star is formed when a large cloud of gas and dust condenses and eventually becomes so dense that it collapses into a ball of gas, where the pressure heats the matter, creating a glowing gas ball – a star is born.
New research from the Niels Bohr Institute, among others, shows that a young, newly formed star in the Milky Way had such an explosive growth, that it was initially about 100 times brighter than it is now. The results are published in the scientific journal, Astrophysical Journal Letters.
The young ...
06.12.2013 | Materials Sciences
06.12.2013 | Life Sciences
06.12.2013 | Life Sciences
05.12.2013 | Event News
04.12.2013 | Event News
12.11.2013 | Event News