- News article -

Finnish CTOs: Resource circulation should be encouraged by tax deduction of investment costs

10 Oct 2013

Resource scarcity is the new trend. We have e.g. too little clean water, energy, and rare raw materials. At the same time many resource side-flows from production are being thrown away or seen as waste. The mountains of garbage at the landfills are growing as we speak. Could your waste be my gold? Can this even be seen as a new underused business opportunity? According to the CTOSurvey2014, the respondents believe so.

A good example of a new business in this area is the Finnish company Crisolteq, who saves valuable materials from the side-flows of the chemical industry. Through this process it differentiates industrial metals that couldn’t be used otherwise. Another example is the collaboration between Sandvik and Kuusakoski; a win-win situation in which Sandvik gets back its valuable rare metals.

Using other companies’ side flows for your own production is called industrial symbiosis. Over 50% of CTOs see that the value of their products and/or services could be highly improved by collaborating across industries. But the system is complex. How to encourage big and small international companies across different industries to collaborate together? How do they even find each other and understand each other’s needs and material flows?

Obviously, the understanding of the value needs to be increased. But also large scale investments into joint pilot and demonstration facilities are needed. According to the survey the Finnish CTOs feel that tax deductibility of costs would be the most natural funding model for encouraging industrial symbiosis initiatives in Finland.

If getting the investment money is no issue, what are the company’s internal drivers to start investing into collaboration? According to CTOs the three most important factors for driving industrial symbiosis in their companies are the usual suspects: 1) Company strategy 2) Cost reduction and 3) Improved profitability. Before we get there, more good examples are needed.

Last but not least, it is important to remember that resource circulation is not only a potential new business but also helps make sure our children won’t drown in our waste. There is a lot of unused gold out there.

The results come from the CTO Survey that Spinverse executed in September – October of 2013. It was the fourth time that this annual survey was made. 100 Finnish CTOs participated in the study; including almost half of the CTOs of the companies among top 100 R&D investors in Finland. The CTO Survey examined the Finnish R&D investment landscape and innovation ecosystems in both large and small companies. The CTO Forum is a joint undertaking between Spinverse, the Finnish Innovation Fund Sitra, and Technology Academy Finland TAF. The results of the CTO Survey were published on Thursday 10.10.2013 in the CTO Forum.

Survey results

CTO Survey 2014

- Contact us -

Want to learn how Spinverse could help you? Contact us now!



Markku Heino

Principal Consultant, Ecosystem Leader, D.Sc. (Tech.) +358 40 7191221

- News -

Relevant posts

Our People Spinverse News

Spinverse has its mind set at the future

7 Nov 2019

Spinverse helps to refine an innovation into business — we know where large companies are going to be in f...

CTO Forum Spinverse News

How we use data is evolving

6 Nov 2019

The 2019 CTO Survey revealed that the way Finnish companies utilise data is changing....

open innovation ecosystem Spinverse News

Spinverse led smart city ecosystem expanding

5 Nov 2019

LuxTurrim5G ecosystem led by Nokia and Spinverse is building the digital backbone of smart city. Based on th...

open innovation ecosystem Spinverse News

Spinverse wins three large competitive tenders and strengthens position in Digital and Health care ecosystems in Finland

4 Nov 2019

Size does matter in R&D, but by joining forces via open innovation and ecosystems, also small actors can...

EU funding EU project FTI

Three Nordic technology companies joined forces to create a more sustainable transportation fuel

25 Oct 2019

Bridging the gap to economically feasible fuel ethanol from Nordic wood – Spinverse helped three Nordic co...

CTO of the Year ctoeurope Spinverse News

Announcing the finalists of the Chief Technology Officer of the Year Europe awards 2019

23 Oct 2019

We are pleased to announce the finalists of the Chief Technology Officer (CTO) of the Year Europe Award. Now...