HELSINKI and CAMBRIDGE, Mass., Sept. 14, 2016 /PRNewswire/ -- Tekes – the Finnish Funding Agency for Innovation (Tekes) and IBM (NYSE: IBM) today announced a partnership that will enable Finland to utilize Watson cognitive computing to help doctors improve the health of its citizens, and strengthen and develop the Finnish innovation and business ecosystem in the fields of health and well-being. To facilitate the collaboration, IBM intends to establish a Watson Health Center of Excellence in Finland, the first Nordic Healthcare Competence Center, and the first National Imaging Center of Excellence outside the United States in Finland. These centers are expected to employ 150 people over the next few years.
Tekes anticipates this landmark collaboration with IBM will create data-driven cognitive computing applications and solutions and it will lead to an expansion and growth of Finland's business and innovation ecosystem. Specifically, Tekes expects the partnership to accelerate creation of new start-up companies in Finland, gain new opportunities for Finland companies for global growth, and help to digitalize the country's healthcare business sector for companies of all sizes.
"The combination of world-leading information and communications technology competences with health and well-being solutions are already creating world-leading health-tech innovations in Finland. In Finland, the close collaboration among health-tech companies, top-notch researchers and world-class hospitals has created a strong health eco-system, called the 'Health Valley'," said Pekka Soini, director general of Tekes. "I am positive that Watson cognitive computing capabilities will further boost innovation in Finland and put Finland at the forefront of game-changing health transformation, at the European level and in the global marketplace. Foremost, we believe the collaboration will benefit both IBM and Finland, and the development work conducted in Finland will further advance Watson's capabilities."
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Finland has a unique health ecosystem characterized by full electronic health records and nation-wide access to healthcare, in addition to the close co-operation among public and private sector entities working in health and wellness. Finland is also a European forerunner in designing new legislation for secondary and secure use of data on well-being and health. Enabling regulation is believed to open new opportunities for research, development and innovations.
