Facts and Figures about Finnish Biotechnology

Distribution of equity in Finnish biotech firms by age

Infant firms
(equity Eur 116 million)

Adolescent firms
(equity Eur 51 million)

Middle-aged firms
(equity Eur 48 million)

Definition: A principal owner (PO) is an owner who has a strong influence on the planning and decision-making of a firm.
Alternatively, the PO can be an investor who simply owns the largest share of the firm's equity.
Source: Ownership and Financial Structure of Biotechnology SMEs: Evidence from Finland, ETLA publication no 835, 2002