Finnish Innovation Index 2023

FII 2023
The Finnish Innovation Index (FII) is a national measure of the perceived innovativeness of companies among Finnish customers.

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 2023 FII Winners

 

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

 

64-60

 

59-50

49-45

    

44-40

39-30

 

 

1.

 

Fashion and design retailers

 

2.

 

Furniture retailer

 

3.

 

Food and beverage manufacturer

 

4.

 

Online food delivery platforms

 

5.

 

Streaming services

 

6.

 

Consumer electronics

 

7.

 

Health and well-being services

 

8.

 

Specialty retailers

 

9.

 

Hotels

 

10.

 

Sports retailers

 

11.

 

Fast food retailers

 

12.

 

Telecom

 

13.

 

Supermarkets

 

14.

 

Gas service stations

 

15.

 

Energy companies

 

16.

 

Passenger transports

 

17.

 

Insurance

 

18.

 

Bank

 

19.

 

Stated own companies

 

 

Company

 

Industry

 

 

1.

 

Marimekko

 

Fashion and design retailers

 

2.

 

Fiskars

 

Fashion and design retailers

 

3.

 

Ikea

 

Furniture retailers

 

4.

 

Lumene

 

Fashion and design retailers

 

5.

 

Fazer

 

Food and beverage manufacturer

 

6.

 

Spotify

 

Streaming services

 

7.

 

Paulig

 

Food and beverage manufacturer

 

8.

 

Wolt

 

Online food delivery platforms

 

9.

 

Verkkokauppa

 

Consumer electronics

 

10.

 

Hartwall

 

Food and beverage manufacturer

 

 

 

 

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

FII 2023

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". 

FII 2023

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