Public funding instruments
for business development

Always check up-to-date terms and conditions with the official funding authority.

Setting up a business

YOUNG INNOVATIVE COMPANIES >>
For the development of international business in fast-growing companies under 5 years of age (<50 employees, <10 meur turnover / balance sheet). Grant max 500.000 e, loan max 750.000 e (max 75% of expenses) in three periods.

ESTABLISHMENT GRANT >>
For rural businesses in setting up a company or renewing operations 5.000-35.000 e. Experimental support for determining demand 2.000-10.000 e. Business and action plan required.

START GUARANTEE >>
For investments and working capital of domestic companies that have been operating for up to three years. The bank files the application. Guarantee 10.000-80.000 e (max 80% of the amount of the loan).

STARTUP GRANT  >>
Personal support for unemployed jobseekers or part-time entrepreneurs stating a full-time business. Terms e.g. full-time, profitability and capacity. Starting after the grant decision.

Developing products, services and processes

INNOVATION VOUCHER >>
For well-established SMEs who have a new product or service idea with international growth potential and need for external expertise. Grant max 4.000 e. Self-financing contribution 1.000 e.

DEVELOPMENT & PILOTING >>
For SME and mid-cap companies with know-how and desire to expand into export markets. For developing and testing a product, service, production method or business model. Loan max 50%, payment period 7-10 years.

RESEACH >>
For SME and mid-cap companies to generate new knowledge and competencies skills in cooperation with universities and research institutes. Grant 45-60%.

INNOVATION >>
For SMEs aiming to enter export markets by purchasing of innovation consultancy services, acquiring industrial rights or hiring an expert from a research organisation. Grant min 15.000 e (max 50%).

CO-INNOVATION >>
For co-development of new knowledge and innovations of research organizations and companies as a basis for international business. Min 2 companies, optimum 5-7 participants.

ENERGY INNOVATIONS >>
To promote the development of innovative solutions for replacing the energy system with a low-carbon alternative in the long term.  Grant for investigation projects 40-50% and investment projects 10-40% (min 10.000 e).

MATERIAL AUDITS >>
Audit of material flows (according to Motiva’s model) in order to investigates the amount of waste generated by  business operations, the costs of the waste, and measures for reducing waste. Grant max 15.000 e (50%).

INVESTMENTS >>
For rural businesses to acquisition of fixed or intangible assets and construction or acquisition of buildings (grant 20-40%). Investment feasibility study (grant 40-50%).

TESTING AND PILOTING >>
For rural businesses to develop, test and pilot products, services, processes, supply chains and marketing or promotion (grant 60%).

CO-DEVELOPING >>
For rural business groups (3-10 companies) for joint and company-specific development (grant 75%) as well as for group training (grant 75%).

DEVELOPMENT SERVICES >>
Business analysis and development plan (260 e/day, 1-2 days). Business expert services (325 e/day, 2-15 days / 3 years). Training for growth, productivity, marketing (grant 70%). Application period opens in February 2021.

DEVELOPMENT GRANT >>
Improvement of production technology, feasibility studies and preparatory projects, export promotion, development of product / service / production methods (grant 50%). Investments (grant 10-20%).

SME GUARANTEE >> 
For SMEs that have been operating for more than 3 years. For investments, working capital and product development. The bank files the application. Guarantee 10.000-120.000 euros (max 80% of the amount of the loan).

GUARENTEES >>  & LOANS >>
Domestic investments, working capital, acquisitions etc.. Guarantee 50-80% of the amount of the loan or other financial commitment. Loan min 50.000 e.

Aiming for an international success

TEMPO >>
Finnish limited liability companies aiming for international growth by testing the functionality of business concept, obtaining feedback from potential customers or investigating demand in a new market. Grant max 50.000 e (75%).

MARKET EXPLORER >>
SMEs and mid-cap companies seeking for new export markets for a products, service or business model by purchasing of new information and expertise. Grant 5.000-10.000 e (50 %).

TALENT EXPLORER >>
SMEs and mid-cap companies seeking for new export markets for a product, service or business model by hiring an expert. For employment cost within 6-12 months. Grant max 20.000 e (50%).

GROUP EXPLORER >>
Business groups (4-10 companies) who have a joint offering or other strong interest to work together with an identified international business opportunity. Recommended project duration one year. Funding 2.500-20.000 e/company (40-50%).

EXHIBITION EXPLORER >>
SME groups (min 4 companies) participating in international b-to-b trade fairs outside Finland (in a joint department or separate departments). Grant 500-30.000 e/company, min 5.000 e/project (max 50%).

COSME >>
Developing the competitiveness of SMEs e.g. through the introduction of new business models, value chains and digitalization

EIC ACCELERATOR >>
For SMEs seeking international growth to prepare for the commercialization of new, innovative products or solutions. Project size 0.5-2.5 million euros. Grant and investment.

EUREKA >> 
Research and development projects close to the market based on the needs of companies. Participants from at least two countries (funding criteria as for domestic projects).

EUROSTARS >>
Research and development of growth companies (grant 40-50%). Participants from at least two countries. The consortium leader should be an SME that invests at least 10% of its turnover or human resources in R&D.

HORIZON >>
International collaborative research and innovation projects and business development for SMEs. Several programs.

SME INNOVFIN >>  &  EASI >>
EU-backed guarantees issued by financial institutions (up to 80%). Inquire guarantees from your own bank.

INVESTMENTS IN DEVELOPING COUNTIRES >>
Equity, long-term investment loans, mezzanine financing and expertise for companies operating in developing countries. The criteria are economic profitability, environmental and social responsibility and measurable impacts.

BUSINESS CO-OPERATIONS IN DEVELOPING COUNTRIES >>
For long-term trade cooperation and business with developing countries. For the planning, development, training and piloting phases of projects. Grant 30-85%.

FINNVERA >>
Financing for the internationalization of business operations, exports and hedging against export risks. Pre-production and post-delivery financing, advance payment and delivery guarantees.

INVESTMENTS OUTSIDE EU/EFTA >>
Assessment and preparation of investments outside the EU / EFTA area as well as environmental pilotages. Loan max 50.000 e (max 40%), which is converted into grant on the basis of the project results (50-100%).

VC/GROWTH EQUITY >>
Minority investments in Finnish growth companies together with other investors. For internationalization, product and service development, investments, corporate and ownership arrangements.

Please contact

Marja Vainionpää
Tel. +358 40 531 7208
marja.vainionpaa@intoseinajoki.fi