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5/9

Call 2.4.-5.9.2024

Challenge competition for leading and challenger companies 2024

The competition is two-phased. Deadline of the first phase is Thursday 5.9.2024 at 23.59.

Further information

Kimmo Kanto (ICT ja digitalization)
kimmo.kanto (at) businessfinland.fi


Ella Kylmäaho (health and consumer business)
ella.kylmaaho (at) businessfinland.fi

Jarkko Piirto (energy and built environment, process industry)
jarkko.piirto (at) businessfinland.fi

Juha Suuronen (electronics manufacturing, manufacturing industry, shipbuilding)
juha.suuronen (at) businessfinland.fi

Objectives of the call

The goals of the competition are considerable increases in research, development and innovation investments by the companies in Finland, as well as the creation of new jobs and ecosystems for new business operations worth billions of euros. The projects suggested by the companies participating in the competition must provide solutions to major future challenges, either to missions or significant technological challenges. They must have a significant impact on Finland’s competence, competitiveness and investment in RDI.

Competition categories

Leading companies: companies that operate globally and have the capacity to make major additional investments in RDI in Finland. The maximum amount of funding is EUR 20 million for a leading company and EUR 50 million for ecosystem partners.

Challenger companies: for companies that strive to grow into a global player, solve a smaller or more focused challenge, develop completely new business openings or strengthen the role of a company operating in Finland in a globally operating group. The additional RDI investment promises are not quite as big as with leading companies. Funding for the challenger company up to 10 M€ and for its ecosystem 20 M€.

The competition is not limited to any specific theme or technology topic. The plan is to use a total of EUR 60 million for this challenge competition. The duration of the projects is 3-5 years. Joint projects between two companies are possible in both competition categories.

Call instructions (pdf)

Presentation materials of the info webinar 9.4.2024 (pdf)

Video of the info webinari 9.4.2024

More information about the funding for leading companies

If you need a version of the material based on the Accessible Directive, please contact us.