News

Aalto University Board appreciated the improved financial outlook

The Aalto University Board meeting convened on Tuesday and Wednesday 13–14 June 2017.

The Board appreciated the hard work and improved academic results of the Aalto community to secure additional external funding, which together with new government midterm review funding instruments, has improved the university financial outlook. The Board approved T1 2017 Management report and the basic funding frame to be allocated to the schools for the year 2018 (EUR 240 million). With the improved financial outlook, the basic funding from the Aalto University to schools is expected to continue roughly on the 2017 level until 2020.

In the meeting, the Board also reviewed campus plans. The cost estimates for Väre and School of Business buildings were updated due to overheating of capital area construction market causing increase in construction costs and due to additional user modifications to promote shared use of the facilities in accordance with Aalto University’s spatial guidelines. The Board also approved investment decisions on the construction of Bionova phase 1 and Lämpömiehenkuja 2 and 3 buildings which will be part of the University investment assets, contributing to the development of Otaniemi innovation ecosystem and to the funding of the University core operations in the future.

In its meeting, the Board also approved Aalto University Code of Conduct and emphasized the importance of continued engagement of the Aalto community in the further development of the Code.

The Board thanked Tuula Teeri cordially for her excellent work in building Aalto University as its President and Tiia Tuomi for her dedication in leading Aalto’s HR services. The appointment of the new President of the University is communicated separately.

The Board also discussed the strategy implementation plans and risk management review, and met Aalto University Academic Affairs Committee.

Code of Conduct

Aalto University basic funding 2018–2020

  • Published:
  • Updated:
Share
URL copied!

Read more news

Learning Centre, Main lobby
Research & Art Published:

Renovation of the service desk is starting in Harald Herlin Learning Centre

The service desk is going under renovation starting from 27 June. We apologize for the noise.
Drupal image for Comms use only. Abstract graphic with orange semi-circles and squares on a red background..
University Published:

A bug affecting aalto.fi on Safari

While we are working on the bug, please use Google Chrome or Firefox.
Someone working on a laptop typing.
Campus Published:

Staff device orders now handled by Väre Stations

Staff devices are no longer ordered via HR department. Orders can be made via Väre Stations or itorders-website.
Juhlapukuihin sonnustauneet ihmiset laskeutuvat portaita alas kohti kameraa
Research & Art, University Published:

A record number of new doctorates at the 2022 Ceremonial Conferment of Doctoral Degrees in Technology

The most prestigious of academic celebrations was held on the Otaniemi campus on 17 June. The previous conferment ceremony took place in 2019, and the annual tradition has had to be postponed two years in a row. As a result, this year's celebrations at Dipoli were grander than ever before.