The new face of university–business cooperation in Finland

This paper analyses the development of university–business cooperation (UBC) in Finland in the context of the University Reform Act of 2009, drawing on the experience of four universities: Aalto University, University of Jyväskylä, University of Turku, and Lappeenranta University of Technology. Six UBC dimensions are examined: institutional context, stakeholders, motivations, facilitators/inhibitors, benefits, and drawbacks. We find that UBC, while a relatively recent process, is growing fast in dynamic local innovation and entrepreneurship ecosystems. The University Act of 2009 had an uneven effect on the six UBC dimensions, with the most visible impact being manifested on motivations. Aalto University’s leading position in UBC and strong capacity to raise public and private funding has a dual effect: while being a major achievement, it also tends to polarize the Finnish universities financially, through a Matthew effect that may slow down UBC development in other universities.