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Business Finland rolls out 5G industrial initiative


Business Finland rolls out 5G industrial initiative
Finland is incentivising technology businesses to invest in 5G research and development to create export opportunities
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Published: 11 May 2021 11:57
The Finnish government has approved a plan to roll out a multibillion-euro initiative to spur the development of 5G technologies for export.
Business Finland’s 5G Project Initiative (5G-PI) has already attracted private partners such as Nokia Corporation. It is targeting the development of advanced innovations, including new 5G technologies for mobile data connections that can deliver faster transfer rates to consumers.
Nokia is providing an initial €50m to the project, and Business Finland’s opening capital contribution is €20m. Technology Industries of Finland (TIF/ Teknologiateollisuus), a central organisation for IT enterprises in the country, has also joined 5G-PI as a senior industry partner. ....

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