SITRA the Finnish Innovation Fund, was founded in the year 1967 as a part of the Bank of Finland

Bank of Finland

The Bank of Finland is the central bank of Finland. It is the fourth oldest central bank in the world.-History:The Bank of Finland was established on 1 March in 1812 in the city of Turku by Alexander I of Russia. In 1819 it was relocated to Helsinki...

. Currently it is an independent public foundation which operates directly under the supervision of the Finnish Parliament. Sitra's president is Mr. Mikko Kosonen.

Sitra's duties are stated in legislation. Its operations are funded with endowment capital and returns from capital investments. Through its activities, Sitra aims to promote the economic prosperity and the future success of Finland

Finland

Finland , officially the Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden in the west, Norway in the north and Russia in the east, while Estonia lies to its south across the Gulf of Finland.Around 5.4 million people reside...

. Sitra’s aim is to be a respected partner in building a knowledgeable and innovative society.