Tekes to expand funding programme for service sector

The finnish government aims to boost growth companies through its state-backed investment fund, Tekes.

Tekes, The Finnish Funding Agency for Technology and Innovation, has increased the funding and extended the investment period for its services industry programme from 2010 to 2013. By providing financing the funding body aims to create spearheads in the sector which, they believe, will further speed of the development of the entire sector.

The programme, Serve - Pioneers of Service Business 2006-2013 - is said to "promote the development of customer-oriented service innovations based on knowledge and know-how." Total budget for the programme after the extension to 2013 is EUR224m. Tekes contributes approximately half of this sum.

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• Nordics