Marcus Wallenberg Foundation
The foundation established in 1973 has promoted the development of Finnish business management and business economics research through grants, guest lectures, symposia, and other projects for already over half a century. Its goal has throughout its history been to support high-quality, internationally oriented research and education in the field of business management.
Supporting Finnish business management and business economics research
To further strengthen the good relations and cooperation with Finland and the Finnish business sector, in the early 1970s Marcus Wallenberg donated 2 million Finnish marks for the establishment of a foundation. Companies related to the Wallenberg family such as Scania, Ericsson and SKF had grown their activities in Finland significantly and were important for the country’s economic development.
With the foundation deed dated the 14th of December 1973, the Foundation was established under the name Bergsrådet Tekn. and Ekon. dr h.c. Marcus Wallenbergs Stiftelse för Företagsekonomisk Forskning – Vuorineuvos Tekn. and Kauppat. tri h.c. Marcus Wallenbergin Liiketaloudellinen Tutkimussäätiö. The purpose of the Foundation is to promote education and research in the field of business administration, primarily in Finland but also in international contexts.
Grants Awarded
Each year the foundation awards grants to high-quality scientific research. Importance is placed on the fact that the research area is within business administration or is otherwise central from a management perspective. The Foundation may also grant support for researchers’ participation in international conferences and the organisation of international symposiums and international guest lecturers in Finland within the area of business administration.
Research Project Grants
The Foundation hereby announces funds available large-scale ambitious scientific research projects in business administration and in areas that are central from a management perspective.
Funding for an individual project is granted for 2-3 years with a total amount of no more than 300.000 euros.