The Academy of Finland’s mission is to fund high-quality scientific research, provide expertise in science and science policy, and strengthen the position of science and research. It is an agency within the administrative branch of the Finnish Ministry of Education, Science and Culture. In 2018, its funding for research amounts to 444 million euros. Each year, its funding contributes to some 2,700 people’s work (FTEs) at universities and research institutes. There are four research councils at the Academy of Finland. They each carry out the Academy's tasks within their their respective fields. According to the proposed Government Decree on the Academy of Finland, the Academy will have three research councils instead of four as of 1 January 2019:
- Biosciences, Health and the Environment
- Culture and Society and
- Natural Sciences and Engineering.
The Strategic Research Council (SRC) at the Academy of Finland provides funding to long-term and programme-based research aimed at finding solutions to the major challenges facing Finnish society.