Research to Business funding is intended for public research organizations for projects in which research groups and researchers aim to develop their research into new business and to commercialize their research results.
The first 2022 call for applications is open. Apply by March 2, 2022.
With Research to Business funding, public research organizations can prepare the commercialization of research-driven product or service ideas and conduct applied research that supports commercialization. The project's main goal is the preparation of commercialization. At the same time, researchers can increase their commercialization skills.
Funding is granted for research organizations, not for individual researchers or groups of researchers. An organization whose main purpose is to independently engage in basic research, industrial research or experimental development is regarded as a research organization (e.g., universities and research institutions).
The Research to Business service provides not only funding, but also networking opportunities with investors and other teams receiving Research to Business funding to support the preparation of commercialization. Examples include the annual Science Startup Day event and the DealFlow service.
Apply for Research to Business funding when:
The funding is intended for preparing the commercialization of a research-driven product or service idea and for conducting applied research that supports commercialization.
Commercialization can be prepared throughout the project, and it must account for at least 40% of total approved project costs.
If your project does not proceed in accordance with its approved plan and the goals set for it, we will not continue to provide funding for your project.
They help you evaluate the suitability of Research to Business funding for your project and can support you in the application process. If you are planning to carry out your project jointly with another research organization, make sure that all parties are committed to the project.
The application process includes a brief presentation of the project to Business Finland's specialists before submitting an application.
Examples of projects carried out using Business to Finland funding are available on the websites of organizations for which funding has been granted:
The funding terms and conditions describe the costs that Business Finland can fund, how we monitor your project costs, and how you should report on the progress of your project.
First and foremost, you should first contact your organization's innovation unit, if any.
Send your application and attachments via our online service. You can also keep track of the processing of your application there.
Set two to five interim goals for your project (for every six to ten months, depending on the duration of your project), as well as two to five final goals. The goals must be linked to the project's concrete results. The final goals will be agreed together with Business Finland. Business Finland will monitor the achievement of the goals.
Attach a project plan with your application. Enter the key points of the plan directly in designated fields on the application form, and attach a separate project plan (up to 25 pages) as a file with your application.
The project plan must clearly describe the following:
Our specialists will evaluate each research project seeking the preparation of commercialization as a whole. Other competing funding applications will also be taken into account in the evaluation.
Key evaluation areas are:
If a project involves significant risks and uncertainties, we can divide project funding into phases so that only part of the funding is granted initially. If a project divided into phases proceeds in accordance with the goals set for it, funding for the next phase can be granted based on a change application.
The goal of Research to Business projects is to use research results in the form of new business.
New information produced in a project and related intellectual property rights are the research organization's property that it can assign to the user of the results for compensation.
After the research project, the results will be public. Before the results are made public, it must, however, be ensured that they do not hinder the generation of business due to prevented patenting or the publicity of business secrets, for example.
If a startup company is established to commercialize your project's idea, the project's goals will be considered to have been achieved, and project funding will be discontinued.
All eligible costs must be in line with the project plan and linked to the fulfillment of the project. Eligible costs include:
Eligible costs are defined in more detail in the general terms and conditions of public funding (pdf).
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.