In a Co-Creation project, research organizations and companies cooperate on developing a research idea carrying significant international business potential in relation to the required funding.
In a Co-Creation project, the research problem and the path to resolving it are determined, the project plan is processed to attract companies and a new network of companies is constructed. During the project, the companies also make preparations for their own R&D projects.
The goal is the Co-Innovation joint action carried out by the research organization in close cooperation with its new partnering companies.
Completed consortia can proceed directly to the Co-Innovation funding phase.
Funding is intended for new ideas that have the potential to open up significant international business opportunities for companies, and to enable research organizations to have the possibility to conduct relevant and scientifically well-merited research on the subject. Funding is aimed at developing radical innovations and creating new national and international cooperation.
The problem to be addressed and its solution must be provisionally defined in the application. The research idea must be new and broadly utilizable.
Business Finland's funding to a research organization covers 60% of the project's approved total eligible costs. The size of projects is at maximum EUR 100,000 per idea, and the duration of a project is typically 4–6 months. A fixed overhead cost rate of 20% and a indirect personnel cost rate of 50% is in the funding. The projects shall comply with the general terms and conditions of public research funding applied by Business Finland.
All costs that arise must be related to the implementation of the project. Eligible costs include:
The following project costs are not eligible:
Funding can be applied for at any time. Before submitting the funding application, you should first discuss the idea with your organization’s innovation service unit and after that with Business Finland’s research funding team. See below for contact details.
Funding applications is submitted via Business Finland's Online Service.
Advisers at Business Finland will evaluate the Co-Creation project. The evaluation will also take account of other, competing funding applications. Important evaluation factors:
Only the final report is provided. An auditor's opinion is not required. The projects follow the general terms and conditions for public research funding.