Jenni Lukander’s Post

In principle, could not agree more with Jenni Lukander - more #innovation and deep #technology knowledge is something we definately need. However, building a #IPR based licensing business will be a unfeasible #strategy for many Finnish companies or at least it will take years to develop. This being said, I would like to see more companies think of the knowledge assets through licensing, rather than merely cost of protecting your business.

📰 Interesting article from last week's Helsingin Sanomat: Foreign inventors now account for more than half of Finnish patent applications 📈 According to ETLA Economic Research, the share of foreign inventors in Finnish patent applications has increased to 60 percent. This number includes inventors from 68 different countries, especially in the field of information and communication technology. Quote from the research director: "Highly educated immigrants strengthen the ability to innovate and promote economic growth." This is (yet) another reminder that Finland absolutely needs international talents to grow and innovate. Supporting international talents is crucial for the country's continuous development and global competitiveness. 👉 Read the full article (in Finnish here): https://lnkd.in/dA3HCkqy #theshortcut #internationaltalents #helsinginsanomat

In last night's episode of Yle A-Studio titled "Mistä talouskasvua?" hosted by Petri Raivio, panelists Heli Koski, Research Director of Etla, Kai Seikku, CEO of Okmetic, and Ilkka Niemelä, President of Aalto University, discussed the crucial roles of the data economy, research and development (R&D), and ICT investments in driving economic growth. A central focus was on Finland's innovation policy and its global positioning. The panel emphasized the strategic importance of directing investments toward innovation policy, particularly vital in the context of Finland's shrinking population. A key challenge highlighted was the difficulty in identifying which #research and #innovation activities would most effectively benefit Finland, given the traditional focus on established industries and maintaining existing expertise. The discussion therefore tried to address how the state should strategically select and support leading innovations. The traditional dilemma of ”selecting winners” is, in my opinion, increasingly outdated in tech fields due to shifts in the principle of technological neutrality, particularly within the European Union, which now emphasizes #CriticalTechnologies in its economic security strategy. Many of these technologies also happen to be areas in which Finland has world-leading talent and innovation capabilities. Another important topic was the interaction between universities, corporations, and experts in Finland's innovation landscape. The episode pointed out the pivotal role of top experts in driving company success and shaping Finland's global competitiveness. However, Finnish companies often struggle to offer competitive salaries compared to international standards, a situation worsened by strict immigration policies. Finnish research expertise, however, is still a competitive and globally attractive asset. We should capitalize on this advantage. There is a clear need for Finland to more effectively integrate academic institutions into its talent development strategies, enhancing the attraction of international experts through academic collaborations in strategically important fields. The smoother transition of talent from academia to industry, compared to direct international recruitment, underscores the need for cohesive cooperation among key innovation sectors. Strategic alignment between academic research and industrial application benefiting all parties involved. This collaboration must be robustly supported by targeted political strategies to cultivate a resilient and forward-looking economic landscape. By effectively bridging these sectors, Finland can leverage its academic strengths to enhance industrial innovation in emerging strategic sectors like disruptive technologies, driving sustained economic growth. #ResearchAndDevelopment #InnovationPolicy #EconomicGrowth #FinnishInnovation #EducationPolicy

Very interesting to see the WIPO's Global Innovation Index (article from The Economist) It's good to see GB as No.5 and Japan is not too bad at all. "The index adopts a broad definition of innovation. It includes “outputs”, such as patents, scientific publications and high-tech exports, as well as “inputs”, such as spending on research and development (r&d), the number of engineering graduates, and venture-capital deals. The index takes into account a country’s adoption and use of technology, as well as its production of it. Countries that import a lot of high-tech products and spend liberally on intellectual property from abroad score better on the index. " #innovation #UK #Japan

Great article on the possibilities, case examples and misconceptions about expanding Finnish Business to France! France is the second largest economy in the EU and Europe’s most attractive destination for foreign direct investment (2023), 5th time in a row. While Finland is known in France for it’s nature, Finland and Finnish companies would benefit from marketing themselves and all the high-tech solutions and clean transition innovations better - not to forget food and culture exports, where we also have a lot to offer! The article interviews Jussi Palola from Virta Ltd - a global pioneer in developing smart electric vehicle charging services. The company had followed the French market and business environment for electric cars and entered the market ten years ago. Now France is one of the biggest markets for the company, who was listed in the Financial Times 1000 Europe's Fastest Growing Companies again in 2024. Time to roll up our sleeves and go into Business with the French! https://lnkd.in/dwKj2EVf 💡This webinar focused on Finnish-French opportunities in Photonics could also be a place to start: https://lnkd.in/eFvMvCKr We at Business Joensuu Oy help companies in the Joensuu region with internationalization. 🇫🇮🇫🇷 #businessjoensuu #investinfrance #photonics #internationalbusiness #businessfinland

This book is incredibly exciting and a testament to the power of collaborative research by academics from Malaysia, Indonesia, and beyond! The Future of Human-Computer Integration: Industry 5.0 Technology, Tools, and Algorithms explores the next frontier of Industry 5.0, merging global expertise to redefine the boundaries of human-computer interaction. A must-read for those passionate about the future of technology and innovation. #Industry5 #HumanComputerInteraction #Innovation #GlobalCollaboration #TechForTheFuture

Chinese companies are poised to dominate the global market, causing concern for the United States. This is due to the Western bloc's diminishing competitiveness and inability to address issues such as hunger, poverty, and terrorism effectively. In contrast, the Global South is increasingly focused on investing in development and infrastructure to support their populations. Meanwhile, the Western bloc prioritizes immigration and is engaged in continuous conflicts that harm other countries' economies, resulting in refugee crises. This approach will no longer ensure success for the US and its allied states. Fact 1: The United States has imposed a 100% tariff and the European Union a 38% tariff on Chinese electric vehicles (EVs). As a result, an EV that costs $11,000 in China is significantly more expensive in the US and EU. Consequently, consumers in these regions must work more to afford an EV. Additionally, US-made EVs are priced considerably higher than their Chinese counterparts. Fact 2: The United States imposed sanctions on the semiconductor industry, restricting the sale of advanced semiconductors to China. This move has exacerbated the situation, as China is the largest customer for US-made semiconductors. Without the ability to sell to their biggest customer, the sustainability of the US semiconductor industry is in question. Additionally, China anticipated this development and has taken steps to prepare accordingly. "Huawei completes US$1.4 billion campus in Shanghai ‘with 100 cafes’ to lure foreign talent Around 30,000 R&D personnel are expected to move into Huawei’s new Shanghai campus to work on semiconductors, wireless networks and the Internet of Things, Qingpu district head Yang Xiaojing said at a government press conference in January." Many are unable to grasp the full extent of the crisis, making this a particularly fascinating moment. Before our eyes, monetary policy and the global financial system are gradually evolving. The era of hegemony and coercion is coming to an end. Invest money in the research and development. https://lnkd.in/gawzTM_U

[KCCI opens office in Germany for AI, energy collaboration] The Korea Chamber of Commerce and Industry , South Korea’s major business group, said Monday it launched an office in Frankfurt to build a broader network in Germany where the largest number of Korean companies are doing business in Europe. Germany, home to smart factories embedding artificial intelligence and clean energy technology, is Korea's largest trading partner in Europe. Korea is the second-largest export market in the Asia-Pacific region after China. “The office located in Frankfurt will search for strategic responses on common pending issues encountered by the two countries by enhancing the business network,” the KCCI said in a statement. The new location marks the KCCI’s third overseas office, following the establishment of offices in Beijing in 1993 and Hanoi in 2009. Tap below to read full story. #KCCI #office #Germany #Korea #AI #energy #collaboration #partnership #Hanoi #overseas #Korea #Chamber #Commerce #Industry https://lnkd.in/gsTzJ6QA

To ensure security of supply, security, and strengthen Europe’s position, significant actions are being taken in the semiconductor industry. With the global semiconductor market expanding, there is a growing demand for microchips. This scenario calls for transformative actions across Finland and Europe. Hence, the launch of new initiatives is crucial to spur the industry. Since 2020, SoC Hub has been instrumental in fostering System-on-Chip design skills, mobilizing companies and nurturing emerging talent. In line with these efforts, Tampere University is introducing a new master’s degree module in SoC design, commencing in the autumn 2024. In addition, Tampere Chips Programme led by Business Tampere is implementing the opportunities of Chips Joint Undertaking to advance Finland's semiconductor industry. Read the comments of Ari Kulmala, Professor of Practice of System-on-Chip design at Tampere University in Tekniikka&Talous article (in Finnish). #SoCdesign #ChipsFromTampere https://lnkd.in/da_us6XV

📌How technology may promote industry transformation? 🌟In the first session, SIGs under the Innovation Wing will take turns to introduce their regular activities through PowerPoint and share their visions of “how different technologies may promote industry transformation” based on HK cases. 🌟In the second session, students from The University of Hong Kong (HKU) and Peking University (PKU) will have some free talks. They may exchange ideas on how the mainland and Hong Kong may cooperate with each other in terms of technology advancement to pursue a better future for the Greater Bay Area. 🌟In the third session, two local guest speakers will be invited to give a speech on the exact technologies they are specialized with and how those technologies may benefit Chinese industry and society. The speeches are less academic- oriented but meant to be fun for everyone. 🌟See you all there!!!