SITRA is an acronym that stands for the Finnish Innovation Fund, originally named Suomen Itsenäisyyden Tukiliitto ry, which translates to the Support Association for Finland's Independence. Sitra is an independent public fund established in 1967 by the Finnish Parliament to promote social welfare, economic development, and ecological sustainability in Finland.
Sitra's main objective is to generate, test, and implement innovative solutions to societal challenges. It is dedicated to fostering a sustainable, fair, and competitive society by supporting research, conducting projects, and creating networks across different sectors. Sitra operates in collaboration with government agencies, businesses, nonprofits, and other stakeholders to initiate long-term positive change in Finnish society.
The fund focuses on various themes, including sustainable well-being, new work, success in the circular economy, and fair data economy. Sitra aims to develop and share knowledge, provide financing, and engage in dialogue to tackle societal problems effectively. It also participates in international cooperation to learn from and contribute to global initiatives addressing similar challenges.
Sitra plays a crucial role in Finland's innovation ecosystem, as it provides expertise, guidance, and resources to projects that align with its strategic goals. Through its diverse activities, Sitra aims to shape a more sustainable and prosperous future for Finland, utilizing the power of innovation and collaboration to create lasting impact.
