Annual Report 2012

Mission, vision and values

Mission 

Finnish Industry Investment's mission is based on a special law governing the company. The company's main aim is to develop Finland's risk capital market and to promote the growth and internationalisation of Finnish companies through venture capital and private equity investments. Investments in funds enhance the development and internationalisation of Finland's risk capital market. Direct investments, for their part, are focused on areas in which there is a limited supply of private venture capital available.

FII's key principle is to work hand-in-hand with private investors from Finland and abroad, to share risk in order to increase the availability of funding, investment expertise and networks to Finnish companies.

Vision

FII seeks to be a preferred partner for other investors, who value its expertise and feel that when co-operating with FII they receive added value both in screening companies and in managing existing investments.

The operations of FII must be profitable in the long-term. The investment portfolio is managed in a way that investments are sufficiently diversified and that profitablility can be achieved in the long term.

 Values

  • Market-based operation

FII's guiding principle is that all its investment activities are conducted on market terms. This principle is evident in every individual investment, because each investment is always made hand-in-hand, and on equal terms, with a private majority investor. Operating on market terms ensures that FII does not distort the market to the detriment of private players. Market-based operation is believed to be the best way to develop the market over the long-term. Investments are allocated according to market mechanisms and, supplementing this, in companies that are most viable and have the best economic impact.

  • Result orientation

The company's operations must be profitable over the long-term so that the return on investment exceeds the general level of inflation. Result orientation also means achieving a viable result in terms of Finland's industrial policy – in other words, meeting the targets set for economic impact.

  • Responsibility

The principles of responsible investment are addressed and promoted in the company's operations. Portfolio companies are also encouraged to act responsibly. The company operates as a long-term investor and also endeavours, both in its operations and in its decisions, to address the needs of stakeholders.

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Annual Report

Financial Statements

Responsibility