Local funding

Business Finland R&D Funding

Aim of the programme: Funding for research and industrial research of companies with a grant and projects aiming to produce new innovative services and products with a loan.

Project size: > 100 KEUR, no predefined maximum (typically 0,3-2 MEUR)

Funding rate: Grant or Loan that covers 40-60%

Link to the programme: LINK

Business Finland Tempo

Aim of the programme: Funding for growth oriented SME’s to validate their innovations business potential in international markets (internationalization strategy creation, market studies, partner searches, test marketing campaigns, small scale pilots=.

Project size: 80 KEUR

Funding rate: Grant that covers 75%

Link to the programme: LINK

Business Finland Young Innovative Companie

Aim of the programme: Three step program for innovative and very promising startups (less than 5 years old, significant net sales and evidence of international growth) for scaling up their business internationally, funding for sales and marketing activities.

Project size: Three stages: 1) 250 KEUR grant 2) 250 KEUR grant 3) 500 KEUR grant

Funding rate: 75%

Link to the programme: LINK 

ELY development grant

Aim of the programme: Funding for development and growth projects of SME, finances internationalization activities or new product and service development.

Project size: 50 KEUR

Funding rate: 50%

Link to the programme: LINK 

Business Finland Market Explorer

Aim of the programme: The Market Explorer program aims to provide funding for SMEs and midcap companies that are over 5 years old and have a product, service, or business model in the idea or pilot stage. Through Market Explorer funding, companies gain access to information about new international markets.

Project size: 80 KEUR

Funding rate: 50%

Link to the programme: LINK

Nopef

Aim of the programme: Nopef provides funding for Nordic companies to assess and prepare for international investments outside the EU/Efta area. In addition, Nopef supports projects aiming at commercial-scale demonstration and pilot projects for environmentally friendly technologies and solutions.

Project size: 100 KEUR

Funding rate: 50%. The funding is provided as an interest-free conditional loan, which is converted into a grant upon completion of the project. If the project leads to the establishment of business operations or a similar investment abroad, the entire funding from Nopef will be converted into a grant. However, if the project does not result in business operations abroad, 50 percent of the funding from Nopef will be converted into a grant.

Link to the programme: LINK 

Finnpartnership

Aim of the programme: Finnpartnership promotes business between Finland and developing markets, with a focus on creating positive development impacts in target countries.

Project size: Maximum grant 400 KEUR

Funding rate: 30-85%

Link to the programme: LINK