R&D funding in the state budget
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R&D funding in the state budget in 2011 (%)
| R&D funding | Share of R&D funding | |
|---|---|---|
| Mill. € | % | |
| Universities | 555.7 | 26.9 |
| Academy of Finland | 349.9 | 16.9 |
| Tekes, the Finnish Funding Agency for Technology and Innovation | 590.3 | 28.6 |
| State research institutes | 301.9 | 14.6 |
| University central hospitals | 40.0 | 1.9 |
| Other research funding | 227.2 | 11.0 |
| Total | 2 065.0 | 100.0 |
Source: Statistics Finland, Science and Technology Figure
Government budget appropriations or outlays on research and development (GBAORD) for 2011 amount to EUR 2.065 billion. Increase from the previous year is EUR 76 million. In nominal terms research expenditure is set to rise by nearly 4 per cent. Government R&D expenditure as a proportion of overall government spending exclusive of debt servicing stands at 4.3 per cent. The share of public R&D funding of GDP is 1.09 per cent.
>> R&D financing decisions of Tekes and the Academy of Finland
22.2.2011 Statistics Finland
