Research Centre of Finland. VTT was divided structurally into groups. In addition to the parent company VTT, the new VTT Group consisted of three subsidiaries: VTT Expert Services Ltd, VTT Ventures Ltd and VTT International Ltd. VTT Memsfab Ltd started its operations in 2011. In 2012, VTT had more than 3,000 employees. In January 2014, VTT reformed its organisation and divided its operations into three business areas: Knowledge Intensive Products and Services, Smart Industry and Energy Systems; and Solutions for Natural Resources and the Environment. In May 2014, the Government proposed that VTT would be made a limited liability company and that Mikes and VTT would be merged. According to the Ministry of Economic Affairs and Employment, VTT operated in a very businesslike manner: it received about 70 per cent of its income from commissions assigned by companies and research funding open to competition. VTT Technical Research Centre of Finland Ltd (2015–) In January 2015, the Centre for Metrology (MIKES) was merged with VTT, and VTT Technical Research Centre of Finland became a limited liability company. The company’s field of activity was defined as applied research in technology, taking research results to practical use, and operating as a national metrology institute. As a limited liability company, VTT was able to react more easily to changes in the customers and the environment, and to operate more freely in the financial markets. Bioruukki, a research centre for the bioeconomy and circular economy, was established in Kivenlahti, Espoo. Its aim was to overcome the ‘valley of death’ associated with the commercialisation of inventions. In January 2018, VTT sold Labtium Ltd and VTT Expert Services Ltd, which provided testing, inspection and certification services, to Eurofins Scientific Group. In May, it was announced that VTT would start coordinating a European consortium of more than 10 million euros to develop commercial applications for high-temperature SOFC fuel cell technology. In 2019, VTT launched its own incubator activities, VTT Launchpad, through which it provided support for research teams in setting up businesses. In December, VTT established a unit focusing on autonomous mobility in Turku, VTT Senseway. In May 2020, VTT announced that it would acquire Finland’s first quantum computer. Its aim was to build a 50-qubit quantum computer. The Finnish IQM Finland Oy, which works with quantum computing, was selected as the supplier of the quantum computer. Organization VTT’s head office is located in Otaniemi, Espoo. The President