Finnish Innovation Index 2023
Top rankings on the Finnish Innovation Index (FII), which measures the innovativeness of companies from a consumer perspective, were achieved by Finnish companies through cutting-edge and social innovation.
Winners are selected based on the results of a national survey from approximately 5000 customers who evaluated 64 companies across 19 industries on key metrics, including innovation, customer loyalty, attractiveness, and social innovation.
The winners of the Finnish Innovation Index (FII) are:
The results from the Finnish Innovation Index 2023 show: Companies Excelling in Both Social and Commercial Innovation Achieves Success.
The results of FII show that meaningful innovation that integrates solutions for society’s grand challenges is part of what makes these companies stand apart from their competitors. The Finnish Innovation Index (FII) provides evidence that innovation without the intent to make societal difference does not lead to strong customer loyalty. Companies excelling in both social and commercial innovation achieve success.
| INNOVATIVENESS | |
|---|---|
|
100-75 |
|
|
74-65 |
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64-60 |
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59-50 |
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49-45 |
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44-40 |
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|
39-0 |
Industry Ranking 2023
| 1. | Fashion and design retailers |
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| 2. | Furniture retailer |
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| 3. | Food and beverage manufacturer |
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| 4. | Online food delivery platforms |
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| 5. | Streaming services |
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| 6. | Consumer electronics |
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| 7. | Health and well-being services |
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| 8. | Specialty retailers |
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| 9. | Hotels |
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| 10. | Sports retailers |
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| 11. | Fast food retailers |
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| 12. | Telecom |
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| 13. | Supermarkets |
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| 14. | Gas service stations |
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| 15. | Energy companies |
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| 16. | Passenger transports |
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| 17. | Insurance |
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| 18. | Bank |
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| 19. | Stated own companies |
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Commercial Innovation Index Results 2023
| Company | Industry | ||
|---|---|---|---|
| 1. | Marimekko | Fashion and design retailers |
|
| 2. | Fiskars | Fashion and design retailers |
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| 3. | Ikea | Furniture retailers |
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| 4. | Lumene | Fashion and design retailers |
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| 5. | Fazer | Food and beverage manufacturer |
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| 6. | Spotify | Streaming services |
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| 7. | Paulig | Food and beverage manufacturer |
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| 8. | Wolt | Online food delivery platforms |
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| 9. | Verkkokauppa.com | Consumer electronics |
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| 10. | Hartwall | Food and beverage manufacturer |
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Social Innovation Index Results 2023
| Company | Industry | ||
|---|---|---|---|
|
1. |
Lumene |
Fashion and design retailers |
|
|
2. |
Fiskars |
Fashion and design retailers |
|
|
3. |
Ikea |
Furniture retailers |
|
|
4. |
Marimekko |
Fashion and design retailers |
|
|
5. |
Vattenfall |
Energy Companies |
|
|
6. |
VR |
Passenger Transport |
|
|
7. |
Sokos Hotel |
Hotels |
|
|
8. |
Valio |
Food and beverage manufacturer |
|
|
9. |
Neste |
Gas service stations |
|
|
10. |
Paulig |
Food and beverage manufacturer |
|
FII 2023 Panelists
How to stay ahead of the game? Some secrets from the most innovative companies at Hankendagen 2023 are portfolio thinking, continuous improvement, acquiring capabilities customer research, and "being a little crazy".
Ingmar Björkman, Rector, Kristina Heinonen, Professor of Marketing, Lars Peter Lindfors, EVP, Innovation, Neste, Timo Hulmi, CEO & CSO, Ikea Finland, Tuomas Salusjärvi, EVP, Growth Businesses and R&D, Valio and Camilla Wardi, Head of Corporate Relations and Outreach at Hanken.
Learn more about Innovativeness
Are you interested in gaining deeper insights into the most innovative companies in Finland and how we compare to our neighboring Sweden?
Our research team has utilized the 2023 results of the Finnish Innovation Index (FII) and Swedish Innovation Index (SII) to establish parallels between these two indexes.
This report delves into the realm of firm innovativeness in Finland and Sweden, drawing upon insights obtained from a nationally representative consumer study. The FII and SII are central components of the Innovation Index Coalition (IIC), an international collaboration spearheaded by top business schools. Its mission is to promote a conversation on innovation capabilities and strategies across various industries and enterprises.
By taking a customer-centric approach to innovation, as measured by the FII and SII, this report illuminates the true essence of innovation from the customer's perspective. It clarifies how companies in Finland and Sweden can leverage this conversation to their advantage.
For more details on the differences and similarities, please follow the link.
Perceived Innovativeness in Finland and Sweden: Innovation as seen by the customer