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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.