Industry Overview in Nutshell

High-tech is the essence of Oulu and the market potential for high-tech goods is global and growing. Companies from different sectors cooperate, utilizing each diverse skills for joint success and take advantage of prominent R&D generated in the region. Because of the strong link between research and education, Businesses in Oulu have a unique advantage for meeting the needs of future markets.

The high technology sectors in the Oulu region have annual revenue of EUR 5 billion and they employ almost 18,000 people in around 800 companies. Over 150 global companies such as Analog Devices, Flextronics, Hewlett Packard, National Semiconductor, Texas Instruments and Sun Microsystems are firmly rooted in the region. Home grown success stories include Nokia´s R&D Center, Polar Electro, Tracker and Elektrobit. Oulu companies are ranked by Business Week, Red Herring and appear in Deloitte's "Fast 50" list in the recognition of their phenomenal revenue growth and performance.