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home > epc > spring 2003 > pharmacluster finland - a unique network
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European Pharmaceutical Contractor

PharmaCluster Finland - A Unique Network

PharmaCluster Finland is a unique mixture of science and business. The Cluster was created within the framework of the National Centre of Expertise Programme. Its aim is to facilitate development of the new pharma network in Finland. Cluster members represent established industries, start-up companies, research and educational units and also venture capital funds. All the key players in the field are members of the Cluster. This broad base offers good opportunities to influence decision-makers in specific development activities relating to the pharmaceutical industry in Finland.

Finland - Key Strengths:

One of the most important factors in the success story of Finnish high tech is the high level of investment devoted to R&D. In 2002 more than three per cent of the total GDP was invested in future research activities

According to a United Nations Development Programme (UNDP) report released in 2001, Finland is the most advanced country in creating and using technology

The International Institute for Management Development (IMD) ranked Finland second in overall industry competitiveness in 2002

According to the World Economic Forum (WEF), Finland is ranked first in current competitiveness, growth competitiveness and economic creativity. In innovation capacity, Finland is ranked second and in technology third

Finland has more than 140 biotech companies making it sixth in the European ranking


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By N Tapani Saarinen, Vice-President Business Development, Turku Science Park Ltd
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N Tapani Saarinen
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