VTT as a company

In addition to the parent company, VTT Group consists of three fully-owned subsidiaries:

• VTT Holding Oy
• VTT International Ltd
• VTT Ventures Ltd

VTT's business areas

Carbon neutral solutions

We develop systemic and technological solutions to de-carbonise the economy and society. Our focus is on energy systems, built environment, mobility and transport and hydrogen.

Sustainable products and materials

We create sustainable processes, technologies, materials and products for a sustainable future. Our focus is on industrial biotechnology, food solutions, industrial chemistry, biomaterial processing and products, knowledge-driven design and cognitive production industry.

Digital technologies

We focus on digital breakthrough technologies to enable a safe and connected society. Our special expertise includes microelectronics, quantum technology, sensing solutions, foresight and data economy. Besides, Finland’s national metrology institute and national standards laboratory MIKES is part of VTT.

In 2023, the Group’s net turnover was EUR 188 million and its operating result was EUR -1.1 million. In 2023, the parent company had a total of 1,135 customers. Its domestic revenue accounted for 55% of its turnover and foreign revenue for 45%.

At the end of 2023, VTT had 2,355 employees representing 59 different nationalities. 86% of them have completed a university degree. Finland’s national metrology institute and national standards laboratory MIKES is part of VTT.

Read more about VTT's executive leadership team. You can find more information about VTT in our annual reports.

By its public mandate, VTT has a strong societal role. We engage in active cooperation between stakeholders (companies, universities and colleges, research institutes, research funding agencies, ministries, municipal and regional administration) in order to foster regular information flows and a common vision of Finland’s priority areas. We work in close collaboration with industry and highlights the renewal of industrial value chains and sustainable competitiveness in Finland and Europe.

Furthermore, we support public decision making by providing scientific studies and calculations for authorities. We also facilitate public sector to understand the innovation needs of different industrial sectors. Our research and innovation actions bring value broadly to Finnish society and industry.

Through scientific and technological means, VTT turns large global challenges into sustainable growth for businesses and society. All of VTT’s research is guided by global challenges to which we develop systemic and technologic solutions.

VTT has 80 years of experience in cutting-edge research and science-based results. Our research, development and innovation activities are divided into three business areas: carbon neutral solutions, sustainable products and materials and digital technologies.

VTT is an active and recognised partner in many European research and innovation communities, having strategic cooperation agreements with top-rated universities, research institutes and companies. VTT’s public mandate and broad technology portfolio have created the basis for this participation.

VTT is also among the most active European research institutes participating in the European Union research programmes. Joint European programmes such as Horizon Europe, EIT, Euratom, Eureka and Nordic Programmes, form the core of VTT’s international research activities. In these competitive research projects, VTT develops solutions with other key players around the world.

VTT is active in industry-relevant Public Private Partnerships (PPPs) and numerous ETPs (European Technology Platforms). VTT is also involved in three Knowledge and Innovation Communities (KICs) of the European Institute of Innovation and Technology (EIT Digital, EIT Raw Materials, EIT Food and EIT Manufacturing), as well as the European Energy Research Alliance EERA. VTT works in close collaboration with industry and participates in projects that will boost the competitiveness and renewal of industrial value chains in Europe.

The common vision of European RTOs (research and technology organisations) is being promoted via active participation in EARTO.