In a Co-Creation project, research organization(s) and companies work together on a new research idea that could evolve into a joint Co-Innovation or an international joint project involving Finnish companies. The aim is to create significant international business opportunities for the companies and enable the research organization to conduct high-level scientific research.
We can provide your research organization with funding, covering 60% of accepted total project costs. The project's total costs cannot exceed EUR 100,000 per idea. While several different research organizations may participate in the project, its total costs can still be a maximum of EUR 100,000.
Funding is based on an overhead cost multiplier of 20% and an indirect personnel cost multiplier of 50%. The typical duration of a Co-Creation project is 4–6 months.
Co-Creation funding can be applied for when:
Only the project's final report needs to be submitted to Business Finland. We do not require an auditor's report. Business Finland's general terms and conditions of funding for public research apply to the projects.
Discuss your idea with your organization's research support services before submitting a funding application and with Business Finland's specialists afterwards. If your research organization has a contact person at Business Finland, please get in touch with them.
Co-Creation funding can be applied for at all times. Send your application and attachments via our online service. You can also keep track of the processing of your application in the online service.
In your application, define the preliminary problem and how it can be solved. The potential of the research idea must be high, and it must have broad applicability. When you apply for funding for a Co-Creation project, Business Finland's specialists will evaluate your application. During the evaluation, we will focus specifically on the following:
Impact of the project
Quality of the plan
Promoting the goals of Business Finland's programs
Attach a brief project plan of at most five pages with your application, including the following:
1. What is the significant problem that the research idea aims to solve, and what is its economic and social significance?
2. Describe your desired cooperation network and the roles of its different actors (companies, research organizations, other actors). International cooperation partners?
3. What kind of new international business opportunities could the project bring?
4. Describe the public research Co-Creation project's
We only accept costs that are associated with the implementation of the project. These costs include:
The following costs cannot be accepted as project costs
Plan a project and define its goals. Ensure the sufficiency of self-financing.
Submit your application through online services. Submit the additional information requested.
Business Finland will assess your application and notify you of its decision. Read the decision and its terms and conditions, and approve the decision in online services.
Arrange project accounting. Notify Business Finland of any changes.
Report your project's implementation and costs. Attach the additional information requested with your report.
Research and knowledge-dissemination organisation means an entity (such as universities or research institutes, technology transfer agencies, innovation intermediaries, research-oriented physical or virtual collaborative entities), irrespective of its legal status (organised under public or private law) or way of financing, whose primary goal is to independently conduct fundamental research, industrial research or experimental development or to widely disseminate the results of such activities by way of teaching, publication or knowledge transfer.
Where such entity also pursues economic activities the financing, the costs and the revenues of those economic activities must be accounted for separately. Undertakings that can exert a decisive influence upon such an entity, in the quality of, for example, shareholders or members, may not enjoy preferential access to the results generated by it.