Finnish companies are less likely to do so than those in countries more committed to radical innovation. Incentives for “radical” innovation development and adoption should be strengthened, not only through public funding programmes but also through stronger and more systemic (and inclusive) cross-sectoral collaboration and better aligned industry-science co-operation for research and innovation. In principle, aggregate figures place Finnish firms among the best performing of OECD countries in terms of co-operation (co-operating with others in innovation, all types of partners combined). A closer look shows that co-operation activity by SMEs seems to have suffered dramatically since the crisis and has not recovered to its 2008 levels.