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Funding for research organizations

In a Co-Creation project, research organizations and companies work on a new research idea together, which may proceed to a joint Co-Innovation project, providing companies with significant international business opportunities and research organizations with the opportunity to conduct high-quality scientific research.

Co-Creation funding

We can provide your research organization with funding, covering 60% of accepted total project costs. The project's size can be up to EUR 100,000 per idea. While the project may also be shared by several different research organization, its total size can still be at most 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.

Who can apply for funding?
  • Your research organization is a research or information dissemination organization, such as a university, university of applied sciences, or research institution.
  • The main goal of your research organization is to independently conduct basic or industrial research or experimental development, or distribute the results of these activities through education, publications or data transfers.

See instructions for applying for funding

How does Business Finland funding work?

1
Before you apply

Plan a project and define its goals. Ensure the sufficiency of self-financing.

2
Apply for funding

Submit your application through online services. Submit the additional information requested.

3
Approve the funding decision

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.

4
Use the funding

Arrange project accounting. Notify Business Finland of any changes.

5
Report your project

Report your project's implementation and costs. Attach the additional information requested with your report.

Definition

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.