VTT transferred to a Group structure at the beginning of 2010. The Acts that enabled this change came into force on 1 January 2010. VTT Expert Services Ltd began its operations at the same time. The company offers expert and certification services, including laboratory services. VTT Ventures Ltd also began operations, with the task of administering and developing the spin-off companies born out of VTT’s research. The following year, 2011, marked the beginning of operations for Memsfab Ltd. The company’s task is to manufacture small series of micro- and nanotechnology components.
VTT International Ltd, which had been launched earlier, implements VTT's internationalisation efforts, and manages tasks relating to VTT’s international service points and R&D projects that demand the participation of legal persons.
Changes in VTT's name
VTT's name changed through an Act that came into force on 1 December 2010. The new official name in Finnish became Teknologian tutkimuskeskus VTT. This long form of the name is only for use in official contexts, and VTT continues to use the short title “VTT” in Finnish communication. The new official Swedish name was now Teknologiska forskningscentralen VTT. The short title “VTT” is also used in Swedish communication. The English name, VTT Technical Research Centre of Finland, remained unchanged.
The new Act modernised the legislation concerning VTT to correspond to the changes in the operating environment. These changes gave VTT more latitude and improved opportunities for developing its operations and serving its customers.
VTT became a limited company
The structures and research funding of state research institutes were renewed according to the Government Resolution issued on 5 September 2013. VTT and the Centre for Metrology and Accreditation Mikes were united. VTT became a not-for-profit, fully state-owned limited company performing a specific service. The operations of the new limited company began on 1 January 2015. Becoming a company brought more flexible financing opportunities to financial planning and the development of business operations. VTT Ltd continues to receive research funding from government for the purpose of implementing its basic task of creating expertise in support of business renewal.
Impact and internationalisation
Of VTT's research focus areas for the 2010s, printed intelligence (electronics) and technologies that enable transfer to bioeconomy are two that have demonstrated particular impact and commercial potential. The number of international commissions and projects has continued to rise in the current decade. VTT’s operations have led it to become the most active Finnish actor in EU projects.
VTT has also become a highly desirable workplace amongst technology students. Since the 2000s, VTT has regularly ranked among the three most popular employers in Finland.
Organisational renewal 2014
VTT renewed its organisation and operational model on 1 January 2014. The renewal targets flexibility, a lighter cost structure, and VTT’s improved competitiveness. An important goal is to achieve greater impact on both customers and society. The VTT strategy has three key focus areas related to research and customer activities. These are Knowledge-intensive products and services, Smart industry and energy systems, and Solutions for natural resources and the environment. The three focus areas will also represent VTT's business areas.
New CEO from November 1st, 2015
VTT’s board chosed D.Tech Antti Vasara as its new CEO from November 1st, 2015. Before coming to VTT Antti Vasara has been on the leadership team of Tieto Corporation, acting as Executive Vice President, Product Development Services. Before Tieto Corporation he has worked for Nokia in several roles such as Senior Vice President Nokia Eseries Business Unit, SVP Product Development and Vice President Corporate Strategy. Before he was CEO of a software firm and has been a management consultant at McKinsey & Company.