VTT FutureHub

VTT as a company

VTT Technical Research Centre of Finland Ltd is a Finnish, fully state-owned limited liability company. The company’s ownership steering is the responsibility of the Ministry of Economic Affairs and Employment.

The special duty of VTT as an independent and impartial research centre is to promote the wide-ranging utilisation and commercialisation of research and technology in commerce and society. VTT is a non-profit company.

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

  • VTT Memsfab Ltd
  • VTT Ventures Ltd
  • VTT International Ltd
  • VTT SenseWay Ltd
  • VTT Holding Ltd.

In 2019, the Group’s turnover was EUR 147 million and its operating result was EUR 3.1 million. In 2019, the parent company had a total of 1,420 customers. Its domestic revenue accounted for 53% of its turnover and foreign revenue for 47% (at group level, the figures were 52% and 48%, respectively).

At the end of 2019, VTT had 2,103 employees. Finland’s national metrology institute and national standards laboratory MIKES is part of VTT.

Innovation and business activities combine

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 the company’s lighthouse themes: climate action, resource sufficiency, good life, safety and security and industrial renewal.

VTT has more than 80 years of experience in cutting-edge research and science-based results. Our research, development and innovation activities are divided into three business areas: knowledge intensive products and services, smart industry and energy systems and bio and process technology.

At the core of our research in 2019 was the circular economy of plastics, which we expect will generate breakthrough innovations in the 2020s.

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