Espoo, Finland: innovation profile

Espoo is number 165 in the 311 Innovation Cities Index, with an innovation score of 33. It is home to 8 R&D labs, 1 startup and 12 of the world's largest companies in the 311 Institute directories.

Part of the 311 Innovation Cities Index (311institute.com). Last updated 7 October 2026.

Largest companies

• Nokia (#382)
• Neste Oyj (#384)
• Kone Oyj (#608)
• Metso Oyj (#1127)
• Valmet Oyj (#1141)
• Fortum Oyj (#1167)
• Huhtamäki Oyj (#1378)
• Oriola Oyj (#2106)
• Orion Oyj (#2132)
• Tieto Oyj (#2146)
• Metsä Board Oyj (#2197)
• Fiskars Oyj Abp (#2726)

Startups

• IQM Quantum Computers

R&D labs

Aalto University, BM-Science, Finland government, Finnish Geospatial Research Institute, Keskuslaboratorio, Nokia, Universities in Finland, VTT Technical Research Centre of Finland.