Major companies in the Finnish forest cluster together with the Technical Research Centre of Finland, the Finnish Forest Research Institute and four Finnish universities are the owners of Forestcluster Ltd.
The new innovation company is responsible for the operation of the cluster's strategic centre for science, technology and innovation. Its task is to initiate research and innovation programmes and to channel research funds to selected focus areas. The forest sector's strategic centre - led by Forestcluster Ltd - intends to become the strongest innovation environment of the branch globally.
In October 2010 the Finnish forest cluster published the updated national research agenda with the goal of doubling the value of its products and services by 2030. With the establishment of new innovation company the industry is launching Finland's first strategic centre for science, technology and innovation.
The Finnish forest cluster research strategy outlines the focal points of research that are crucial to the forest cluster and its client sectors. The target is to double the value of forest cluster products and services from the 2006 levels by 2030. At least half of the value will come from products and services that were not yet in production in 2006.
Another goal is to establish in Finland a successful, constantly developing forest cluster, whose products and services are among the most sought after in the world. This will pave the way for a sustainable bioeconomy.