{"id":166418,"date":"2025-06-03T16:56:40","date_gmt":"2025-06-03T13:56:40","guid":{"rendered":"https:\/\/www.vaikuttavuussaatio.fi\/?p=166418"},"modified":"2025-06-03T16:56:40","modified_gmt":"2025-06-03T13:56:40","slug":"the-effectiveness-of-the-funding-system-ultimately-depends-on-people","status":"publish","type":"post","link":"https:\/\/www.vaikuttavuussaatio.fi\/en\/the-effectiveness-of-the-funding-system-ultimately-depends-on-people\/","title":{"rendered":"The effectiveness of the funding system ultimately depends on people"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">The effectiveness of the funding system ultimately depends on people<\/h2>\n\n\n\n<div class=\"aligncenter wp-block-ugb-container ugb-container ugb-629fa89 ugb-container--v2 ugb-container--design-basic ugb-main-block\"><style>.ugb-629fa89-wrapper.ugb-container__wrapper{border-radius:0px !important;background-color:#fcfcfc !important}.ugb-629fa89-wrapper > .ugb-container__side{align-items:flex-start !important}.ugb-629fa89-wrapper.ugb-container__wrapper:before{background-color:#fcfcfc !important}.ugb-629fa89-content-wrapper > h1,.ugb-629fa89-content-wrapper > h2,.ugb-629fa89-content-wrapper > h3,.ugb-629fa89-content-wrapper > h4,.ugb-629fa89-content-wrapper > h5,.ugb-629fa89-content-wrapper > h6{color:#222222}.ugb-629fa89-content-wrapper > p,.ugb-629fa89-content-wrapper > ol li,.ugb-629fa89-content-wrapper > ul li{color:#222222}@media screen and (min-width:768px){.ugb-629fa89-content-wrapper.ugb-container__content-wrapper{width:90% !important}.ugb-629fa89.ugb-container{margin-top:0px !important;margin-bottom:0px !important;padding-top:0px !important;padding-bottom:0px !important}}@media screen and (min-width:768px){.ugb-629fa89 > .ugb-inner-block > .ugb-block-content > *{padding-top:30px !important;padding-bottom:30px !important}}<\/style><div class=\"ugb-inner-block\"><div class=\"ugb-block-content\"><div class=\"ugb-container__wrapper ugb-629fa89-wrapper ugb--shadow-1\"><div class=\"ugb-container__side\"><div class=\"ugb-container__content-wrapper ugb-629fa89-content-wrapper\">\n<div class=\"wp-block-media-text has-media-on-the-right is-stacked-on-mobile\" style=\"grid-template-columns:auto 44%\"><div class=\"wp-block-media-text__content\">\n<p class=\"wp-block-paragraph\"><strong>In Finland, increased public investment in research and development has been introduced to accelerate the innovation funding system. The allocation of these investments is widely debated \u2013 and for good reason \u2013 but it\u2019s increasingly clear that funding alone is not enough. We need people.<\/strong><\/p>\n<\/div><figure class=\"wp-block-media-text__media\"><img decoding=\"async\" width=\"671\" height=\"800\" data-src=\"https:\/\/www.vaikuttavuussaatio.fi\/wp-content\/uploads\/2025\/06\/KL_Keksi_Vaikuttavuussaatio_Poutanen-1047.jpg\" alt=\"\" class=\"wp-image-166386 size-full lazyload\" data-srcset=\"https:\/\/www.vaikuttavuussaatio.fi\/wp-content\/uploads\/2025\/06\/KL_Keksi_Vaikuttavuussaatio_Poutanen-1047.jpg 671w, https:\/\/www.vaikuttavuussaatio.fi\/wp-content\/uploads\/2025\/06\/KL_Keksi_Vaikuttavuussaatio_Poutanen-1047-252x300.jpg 252w\" data-sizes=\"(max-width: 671px) 100vw, 671px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 671px; --smush-placeholder-aspect-ratio: 671\/800;\" \/><\/figure><\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">A significant share of R&amp;D investment goes to payroll expenses, which translates into a growing demand for research professionals. The Finnish startup community has raised the issue, estimating that up to 25,000 new persons will be needed in Finland by 2030. Achieving this goal will require not only more domestic training but also attracting international talent and returnees. the recent <a href=\"https:\/\/okm.fi\/en\/pilot-projects-for-doctoral-programmes\">doctoral pilot program<\/a> is a step in the right direction.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, the equation is not simple. According to a recent report by <a href=\"https:\/\/www.sitra.fi\/wp\/wp-content\/uploads\/2025\/05\/sitran_muistio_vaestoennusteet_ja_talous_final.pdf\">Sitra<\/a>, Finland is approaching a demographic turning point: without successful immigration, the number of working-age people will start to decline permanently in the 2040s. <a href=\"https:\/\/www.vaikuttavuussaatio.fi\/en\/business-cooperation-provides-a-way-to-integrate-foreign-expertise-and-strengthen-finnish-competitiveness\/\">Studies<\/a> show that while some foreign PhDs stay in Finland after graduation, many continue their careers elsewhere. Finland also ranks relatively low in international comparisons of talent attractiveness and preferences. This is about both pull and retention \u2013 or the lack thereof.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2024, we launched a new <a href=\"https:\/\/www.vaikuttavuussaatio.fi\/en\/business-cooperation-provides-a-way-to-integrate-foreign-expertise-and-strengthen-finnish-competitiveness\/\">funding instrument<\/a>: Tandem Industry Academia (TIA) Seed. It gives researchers who have recently moved to Finland the opportunity to network and collaborate with Finnish companies early in their careers. The first funded projects show that this combination \u2013 internationalising research and domestic industry \u2013 is not only possible but also highly promising from an innovation perspective. It allows us to bring high-level expertise to Finland and integrate it into our economic structures through research.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is essential that we build models and systems in Finland that not only attract talent but also help them establish roots and careers here. The new TIA Seed projects funded by the Foundation combine cutting-edge research, real business needs, and mutual learning. At the same time, collaboration with companies supports researcher retention by creating networks and continuity in their research careers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The efficiency of a funding system is not based solely on euros or programmes, but on the ability of the right people to meet at the right time. This is where our Foundation has a role to play: as an enabler, connector and pathfinder.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Petro Poutanen, CEO<\/em><br><em>Finnish Research Impact Foundation<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The effectiveness of the funding system ultimately depends on people In Finland, increased public investment in research and development has been introduced to accelerate the innovation funding system. The allocation of these investments is widely debated \u2013 and for good reason \u2013 but it\u2019s increasingly clear that funding alone is not enough. We need people. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[38],"tags":[],"class_list":["post-166418","post","type-post","status-publish","format-standard","category-annual-report-2024","entry"],"featured_image_url":[],"post_author":"vaikuttavuussaatio","assigned_categories":"Annual Report 2024","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","sidebar-featured":"","genesis-singular-images":"","ab-block-post-grid-landscape":"","ab-block-post-grid-square":"","gb-block-post-grid-landscape":"","gb-block-post-grid-square":""},"post_excerpt_stackable_v2":"<p>The effectiveness of the funding system ultimately depends on people In Finland, increased public investment in research and development has been introduced to accelerate the innovation funding system. The allocation of these investments is widely debated \u2013 and for good reason \u2013 but it\u2019s increasingly clear that funding alone is not enough. We need people. A significant share of R&amp;D investment goes to payroll expenses, which translates into a growing demand for research professionals. The Finnish startup community has raised the issue, estimating that up to 25,000 new persons will be needed in Finland by 2030. Achieving this goal will&hellip;<\/p>\n","category_list_v2":"<a href=\"https:\/\/www.vaikuttavuussaatio.fi\/en\/category\/annual-report-2024\/\" rel=\"category tag\">Annual Report 2024<\/a>","author_info_v2":{"name":"vaikuttavuussaatio","url":"https:\/\/www.vaikuttavuussaatio.fi\/en\/author\/vaikuttavuussaatio\/"},"comments_num_v2":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The effectiveness of the funding system ultimately depends on people - Vaikuttavuussaatio<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vaikuttavuussaatio.fi\/en\/the-effectiveness-of-the-funding-system-ultimately-depends-on-people\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The effectiveness of the funding system ultimately depends on people - Vaikuttavuussaatio\" \/>\n<meta property=\"og:description\" content=\"The effectiveness of the funding system ultimately depends on people In Finland, increased public investment in research and development has been introduced to accelerate the innovation funding system. The allocation of these investments is widely debated \u2013 and for good reason \u2013 but it\u2019s increasingly clear that funding alone is not enough. We need people. 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