“The year 2018 was a good year for VTT,” President and CEO Antti Vasara said. "VTT’s most notable achievements during the year included the launch of eight new innovation ecosystems, a boost to the organization’s finances and a 12% increase in income from customer projects.
“We served a total of 1,510 customers during the year, the majority of whom were private businesses based both in Finland and abroad,” Vasara added. "A staggering 94% of VTT’s customers said that they had experienced a boost in knowledge and competence thanks to cooperation with VTT."
Innovation ecosystems have proven the most effective way for VTT to collaborate with businesses, and the fact that 8 new innovation ecosystems were launched in 2018 was one of the highlights of the year.
The annual report also includes a GRI-based review of VTT’s efforts to promote corporate responsibility.
“I am pleased to say that last year gave a considerable boost to our ability to continue carrying out meaningful research and help our customers. The fact that our annual government grant was permanently increased by €7 million as of the year 2019 is proof of our success”, Vasara said. “I would, therefore, like to thank all of our customers and partners and especially VTT’s staff for our excellent year, which puts us in a great position to work even harder towards an increasingly bright future.”