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VTT transferring to a Group structure from the beginning of 2010

09.11.2009


VTT is actively reforming its structure and operations to be better able to increase its customers' competitiveness and to help them prosper in domestic and international markets. Set for adoption at the beginning of 2010, VTT's new structure – VTT Group – is formed of the parent organisation and three subsidiaries and several affiliated companies participating in technology transfer. VTT Group will increase the exploitability and impact of VTT's scientific results. The new structure will also improve VTT's ability to produce efficient and flexible services for its customers and partners.

The President of the Republic of Finland has ratified Acts enabling the transfer to the VTT Group structure. The Acts enter into force on 1 January 2010, on which date the new VTT Group companies, VTT Expert Services Oy and VTT Ventures Oy, will also begin operations. The operations of the third company, VTT International Oy, have already been launched.

Parent organisation VTT Technical Research Centre of Finland, which conducts self- and jointly funded research on the departmental format as well as paid research, will continue its operations directly under the Ministry of Employment and the Economy. VTT will continue to house all of VTT's research and development operations. The parent organisation will administer the three fully state-owned companies, also taking responsibility for their ownership steering.

VTT Expert Services Oy will take over VTT Technical Research Centre Finland’s expert, testing, certification and approval services, as well as inspection, analysis and calibration services. VTT personnel transferring to the company will be those in charge of producing these services, approximately 250 people, along with the equipment and agreements pertaining to the operations. The new company model will provide better conditions than exist at present for developing business operations and services for customers.

The task of VTT Ventures Oy will be to administer and develop the spin-off companies born out of VTT’s research. Parent VTT will continue to be in charge of the management, licensing and sales of the IPR created in connection with research operations.

VTT International Oy will implement VTT's internationalisation efforts as well as manage tasks relating to VTT’s international service points and R&D projects which demand the participation of legal persons.


Additional information

Erkki KM Leppävuori
President & CEO
+358 20 722 4100

 

 

Additional information

Erkki KM Leppävuori
President & CEO
+358 20 722 4100