A growing market for companies in all sectors

Extended Reality Solutions from Finland offering (updated Feb 2023)

The Extended Reality offering puts together the best Finnish Virtual and Augmented Reality know-how in various industries and research:

• Simulation and surveillance
• Planning and Design
• Training
• Maintenance
• Gaming and Entertainment

Download the Extended Reality Solutions from Finland offering

The fast-growing VR/AR markets are worth around 5.5 billion dollars. These technologies will already form a market worth an estimated 150 billion dollars by 2020. Although media attention has focused more on virtual reality for gaming and entertainment, it is thought that the business sector will be the first to benefit from augmented reality.

Program target groups

Mixed Reality program (2017-2019) encouraged companies to develop solutions and to utilize virtual and augmented reality in their business operations, and to build expertise in this area in Finland. The program provided also networking opportunities to companies, research organizations and other public actors.

Program objectives

• Finland will be home to the world's leading companies producing VR/AR technology and content.
• Finnish companies will become global forerunners in developing and utilizing AR/VR technology. Health care, for example, and all key industrial sectors will come on board in addition to games and entertainment.
• The Finnish VR/AR ecosystem will be closely connected to other, major corresponding ecosystems around the world.

A growing market for companies in all sectors

Mixed Reality technology, in other words a combination of VR and AR, can be applied in all sectors; the program is intended for companies in any sector, regardless of their size.

Mixed Reality program was carried out in cooperation with key actors FIVR (Finnish Virtual Reality), VR Finland and various companies.

What is Mixed Reality?

'Virtual reality', or VR, is a closed and fully immersive experience, which immerses the user in a separate, virtual world.

'Augmented reality', or AR, is an open and partially immersive experience, which brings virtual features into the real world of the user.

'Mixed reality', MR is a combination of the real and virtual worlds, where physical and digital aspects co-exist and can inter-communicate.