ARTICLE · 31 AUGUST 2005

A New Act on University Inventions is Pending in Finland

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The commercialisation of academic research is an active topic in Finland. Due to the new legislative change in Finland, Finnish universities may hold shares in companies and also establish university-based companies.

FinlandIntellectual Property

Ben Rapinoja

Hannu Järvinen

The commercialisation of academic research is an active topic in Finland. Due to the new legislative change in Finland, Finnish universities may hold shares in companies and also establish university-based companies.

The new legislation will come into force this autumn. In addition, there is also another legislative proposal already pending.

In December 2004, the Finnish government submitted a proposal for a new Act on university inventions, aiming to solve difficulties concerning the distribution of intellectual property rights in research projects undertaken by universities and other institutions of higher education and commercialised in collaboration with industrial partners. This article discusses different aspects related to these reforms.

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