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 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.
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 2022, the Group’s net turnover was EUR 165 million and its operating result was EUR 4.9 million. In 2022, the parent company had a total of 1,190 customers. Its domestic revenue accounted for 57% of its turnover and foreign revenue for 43% (at the Group level, the figures were 57% and 43%, respectively).
At the end of 2022, VTT had 2,213 employees representing 55 different nationalities. 85% of them have completed a university degree. Finland’s national metrology institute and national standards laboratory MIKES is part of VTT.
Our societal role
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.
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 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.
Ours extensive networks give customers and partners an access to the best knowledge worldwide
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.
Examples of European research alliances for VTT
• EARTO - European Association of Research and Technology Organisations
• EERA - The European Energy Research Alliance
• EIT Digital - European Institute of Innovation and Technology
• EIT Raw Materials - European Institute of Innovation and Technology
• EIT4Food - European Institute of Innovation and Technology
• EIT Manufacturing - European Institute of Innovation and Technology
• NUGENIA - Nuclear Generation II and III Association
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.
VTT in PPP initiatives (H2020)
• Big Data
• Cyber Security
• FoF (Factory of the Future)
• SPIRE (Sustainable Process Industry and Resource Efficiency)
• EeB (Energy Efficient Building)
Joint Technology Initiatives / Joint Undertakings
• Electronic Components and Systems ECSEL
• Biobased Industries BBI
• Fuel Cells and Hydrogen FCH