HIIT research is funded by
- Aalto University
- University of Helsinki
- Academy of Finland
- other foundations financing Finnish hi-tech research
- European Union (EU)
- private companies.
Academy of Finland - Suomen Akatemia is the prime funding agency for basic research in Finland.
Tekes - Finnish Funding Agency for Technology and Innovation - is the main government financing and expert organisation for research and technological development in Finland. Tekes finances industrial R&D projects as well as projects in universities and research institutes. Tekes especially promotes innovative, risk-intensive projects.
FP7, the Seventh Framework Programme for Research and Technological Development, is the EU's main instrument for funding research in Europe and it will run from 2007-2013. FP7 is also designed to respond to Europe's employment needs, competitiveness and quality of life.