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Sitra’s Annual Report 2004 was published

The year 2004 was 37th year in the history of the Finnish National Fund for Research and Development Sitra.

Published

The year 2004 was 37th year in the history of the Finnish National Fund for Research and Development Sitra. Sitra’s operations were evaluated and planned in detail in 2004 as a new course was being set for the strategy period 2005 to 2007. Intensifying the social impact of the operations became the main objective. To this end, Sitra reformed its operations so that from now on, it will focus its resources on a few key areas at a time and on related programmes. The innovation system, Health care, nutrition, environment, Russia and India, were chosen as the first focus areas. The general objective of the programmes is to extensively influence social decision-making and the capacity of the Finnish society to renew. The implementation of the programmes is based on Sitra’s methods, which include research, training, innovative experiments, new business development and corporate funding. Sitra finances its operations with the returns from its endowment capital and from its financing activities. Returns from the endowment capital increased to a moderate level during the year under review. The volume of Sitra’s investment decisions fell from € 32 million in the previous year to € 28 million. Sitra reported a net profit of € 7.6 million for 2004. Enquiries regarding Sitra’s Annual Report 2004: sitra@sitra.fi or tel. +358-9-618 991. The report can also be found on the Sitra website (pdf-document). Annual Report 2004