The Finnish Climate Fund

The Finnish Climate Fund (Finnish: Ilmastorahasto) is a Finnish state-owned investment company. It was established as Vake Oy (Valtion kehitysyhtiö Vake) in December 2016, following an initiative by Prime Minister Juha Sipilä to address Finland's economic challenges by selling state assets and using the proceeds to fund projects that generate wealth for the country. The company invests in unlisted companies and supports the launch of new activities in areas where private initiative alone would not suffice. Its focus areas include artificial intelligence, software and platforms, digitalisation, and new business models, with the goal of fostering ecosystems, know-how, and anchor companies important to the economy. The fund operates under the ownership of the State of Finland and is headquartered in Helsinki. It plays a role in Finland's climate and industrial policy by providing capital to companies and projects that advance climate goals and economic renewal.

The Finnish Climate Fund was established as Vake Oy (Valtion kehitysyhtiö Vake) in December 2016. Its creation was driven by Prime Minister Juha Sipilä's desire to solve Finland's economic problems by selling state-owned assets and using the proceeds to fund projects that generate wealth for Finland as a whole, such as commercial activities deemed important for economic restructuring and overall societal development. Vake Oy was founded as a state-owned special-purpose company focused on creating, owning, managing, and developing other limited liability companies, as well as transferring or acquiring their shares. It invests in unlisted companies and supports the launch of new activities in areas where this would not happen without assistance. The emphasis is on artificial intelligence, software and platforms, digitalisation, and business models, with the goal of fostering ecosystems, know-how, and anchor companies important to the economy. Over time, the entity has also been associated with the name The Finnish Climate Fund, reflecting its role in climate-related investments. It remains a state-owned enterprise under the ownership of the State of Finland.

• 2016

  Vake Oy (Valtion kehitysyhtiö Vake) is founded in December 2016 as a Finnish state-owned investment company.

State-owned investment company driving climate and industrial renewal in Finland.

Product categories. Equity investments · Growth capital · Climate projects financing

1. 1Société publique de développement Vakefr.wikipedia.org
2. 2The Finnish Climate Fundwikidata.org
3. 3Etusivu | Vantaan ja Keravan hyvinvointialuevakehyva.fi