Finland sets up task force that will develop AI strategy for country, invest in AI research and commercial projects, and attract top talent

Briefing

Finland sets up task force that will develop AI strategy for country, invest in AI research and commercial projects, and attract top talent

April 20, 2018

Briefing

  • AI Development Task Force – Finland’s Economic Affairs Ministry established national steering group (NSG), headed by former Nokia president and CEO Pekka Ala-Pietilä, which will spearhead artificial intelligence development strategy for country and advise government on AI-related policies
  • Attract Top Talent – Aims to develop AI expertise locally and attract foreign top talent by creating new models to drive capital investment and innovation-led partnerships
  • Support for Research Institutions – National AI strategy will also connect Finland’s tech universities to AI projects and investments
  • AI Investments – Will create funding structure for AI research and commercial-scale projects, partly accomplished through newly launched AI Business program, which will fund €200 million ($246.9 million) between 2018 and 2022 to Finnish start-ups, small and medium sized enterprises, and large companies developing and using AI
  • Goal – Make Finland top country in artificial intelligence and platform economy development and usage
  • AI Market Size – Estimates AI and platform economy to contribute 30% of Finland’s gross domestic product (GDP) by 2030

Accelerator

Market Disruption

Sector

Government (excluding military)

Organization

Finland Ministry of Economic Affairs and Employment

Source

Original Publication Date

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