VTT Technical Research Centre of Finland Ltd is a state-owned and controlled non-profit limited liability company.

It provides research and innovation services and information for domestic and international customers and partners, both in private and public sectors.

[6] VTT is part of Finland's innovation system and operates under the mandate of the Ministry of Economic Affairs and Employment.

[7] VTT – then called the Technical Research Institute of Finland (VTL) – was founded on 16 January 1942 by President Risto Ryti’s decree.

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.

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.

[19] 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.

[24] On 30 October 2024, it was reported that VTT was selected as the first-ever foreign partner to join an ARPA-E research program funded by the United States Department of Energy.

In the program VTT, together with Lawrence Livermore National Laboratory, aim to accelerate the commercial use of fusion energy.