The University of Helsinki receives the largest amount of competitive research funding of all Finnish universities. Its research funding consists of basic funding from the government, competitive external funding and the University’s own funds. University researchers have successfully acquired external research funding, which reflects the high quality of research. For example, the University receives approximately a third of all research funding granted by the Academy of Finland. The most significant external research funders for the University are the Academy of Finland, the Finnish Funding Agency for Innovation (Tekes), the European Union and various foundations. NordForsk is one of the most important Nordic funders.