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President, CEO Leppävuori, VTT: Finland should create a national bioeconomy strategy
Date:4/12/2012

operating: In addition to research, attention must also be paid on development and commercialisation of business throughout the innovation chain", states Erkki KM Leppvuori, President and CEO of VTT

VTT as playmaker

Erkki KM Leppvuori, challenges Finnish companies, research institutions and authorities to act together to expedite this development. "Bioeconomy much more than solely the utilisation of biomass is an opportunity to succeed for Finnish growth companies. We should act together to turn Finland into a forerunner in bioeconomy, a country that develops operating models and products." For the concept of Finland as pioneer country to succeed, this above all requires bold new business ideas, the participation of public funding to share the risk, and foreseeable legislation and control measures.

"The renewal of Finland's business sector can be expedited by forming a voluntary partnership network the Finnish Institute of Technology and Innovation (FIT). Research programmes in the network could be opened up to each other and large-scale multidisciplinary projects initiated in applied research," says Leppvuori. "This is also a question of effective utilisation of Finland's limited research resources."

"VTT has its own tool, the Advanced Study Centre (ASC), which was established for in-depth, international discussion," Leppvuori continues. "We invite research organisations and companies to participate in ASC-type operations to structure a bioeconomy strategy, and discuss and implement bioeconomy."

The European Union strategy introduces bioeconomy as the foundation of smart and green growth. According to Erkki KM Leppvuori, for Finland this is not only a challenge but an opportunity to exploit the country's high-grade competences for the benefit of business life and exports. Finland's valuable raw materials forests, water and minerals can be utilised more effectively to become highly refined export products.'/>"/>

Contact: Erkki KM Leppvuori, President and CEO
erkki.leppavuori@vtt.fi
358-207-224-100
VTT Technical Research Centre of Finland
Source:Eurekalert

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