Business aid to companies operating in Finland is coordinated by the Centers for Economic Development, Transport and the Environment (ELY Centers), whose 15 regional offices provide advisory, training and expert services and funding for investment and development projects. Foreign-owned companies in Finland can benefit from several different types of aid, especially for certain regions of Finland
TESI (Finnish Industry Investment) is a 100% state-owned equity investor. TESI’s mission is to invest in growth and develop Finland’s venture capital industry. It is a profit-seeking limited liability company with an independent Board of Directors responsible for investment decisions. In an investment project, Tesi’s share of the total investment is up to 50%. The private investors’ share must be at least 50%. The investment criteria are the same as private venture capital and private equity investors’ criteria.
Finnvera is a specialised financing company owned by the State of Finland and is also the official Export Credit Agency (ECA) of Finland. Finnvera strengthens the operating potential and competitiveness of enterprises in Finland by offering loans, domestic guarantees, export credit guarantees and other services associated with the financing of exports. The risks included in financing are shared between Finnvera and other financiers.