The aim of the project is to implement Kuitu3 building investment in Savonlinna, implemented by Mikkeli University of Applied Sciences. The space to be built is about 649 square meters and is located in Savonlinna Technology Park. The investment strengthens bioproduct technology know-how and research and development activities in the region. At the same time, the project enables innovation in new uses of wood and thus significantly promotes the industry’s business in South Savo. The Mikkeli University of Applied Sciences has a fibre laboratory in Savonlinna, which carries out strong applied research in fibre and process technology and business-driven development activities. The expansion of bioeconomy research in the province requires the strengthening and expansion of research and development laboratories to enable the development of new high value-added products and their manufacturing techniques, in particular from wood. A particular need is to increase the volume of research and development of microcrystalline cellulose. In addition, special equipment and analytical services will be placed in the laboratory complex to strengthen cellulose technology research in Savonlinna. The project’s measures include detailed civil engineering planning, construction services and the purchase and purchase of construction works. The Mikkeli University of Applied Sciences will be responsible for the project’s operations and, after the merger will take place since 1 January 2017, the University of Applied Sciences in South East Finland will be in charge of the project. As a result of the Fiber3 investment project, a new bioeconomy research and development environment will be completed in Savonlinna Technology Park. At the same time, the city will form a nationally significant centre of research and excellence in the bioeconomy. In the longer term, the investment will make it possible to increase the effectiveness of operations at national level, to increase the visibility of cooperation with bioeconomy sector research institutes and to internationalise operations. The investment will strengthen industrial cooperation in the field of the development of new bio-products and process know-how.