Growth strategy for Finnish science parks under external economic crises

Abstract

Finland has experienced several economic crises since the 1990s. Among these, the last two economic crises such as the global financial crisis in 2008 and the EU sovereignty debt crisis are still ongoing process because the nation still fights for its economic recovering. Although the national economy has suffered from a low economic growth due to the external economic environment, Finnish science parks known as Technopolis Plc have achieved a high growth and a rapid expansion even to other European countries. Technopolis Plc is a comprehensive service provider for high tech companies growing rapidly in domestic and global markets. At the same time, it is regarded as an innovative company playing significant roles in innovation and high economic growth in the region. The paper argues how Technopolis Plc could grow rapidly particularly under the economic crises and explores which growth strategies have been implemented. Moreover, it also analyses how its future prospects are and whether its growth strategies can be sustainable or not.