It was established on 1 January 2018, with the goal of attracting trade, tourism, and foreign investment, and providing funds for innovation[1] to Finland.

As of 2021, this position is occupied by the vice-chairman, Petri Peltonen who is also the Undersecretary of State for Ministry of Economic Affairs and Employment.

The composition of the Leadership Team and the board of directors is as follows: Business Finland functions as a funding agency for research and technology development.

The staff more or less retained their roles within the newly formed organization, with restructuring only occurring towards the end of the summer.

[6] The agency is based in Helsinki, and is represented in fourteen regional Employment and Economic Development Centres (also known as the TE-keskus) throughout the country.

The agency also has offices in Beijing, Brussels, Tokyo, Silicon Valley, Hong Kong, and the District of Columbia.