Group Explorer funding is aimed at groups of 4–10 enterprises to explore significant joint business opportunities in international markets.
Applying for the Group Explorer financial service will be suspended for the period between 12.12.2022 and 15.1.2023.
The Group Explorer funding service is aimed at groups of enterprises to explore joint business opportunities in the international market.
We grant funding for groups of 4–10 enterprises eligible for support which possess either a joint range of products/and or services with significant growth potential or a strong desire to explore an identified business opportunity together. The group of enterprises must include a minimum of four mutually independent enterprises and at least half of the group must consist of SMEs. The group of enterprises can include enterprises belonging to the same group of companies, as long as the aforementioned condition is fulfilled.
Group Explorer funding is aid provided under the de minimis rule and does not need to be repaid. The proportion of the aid is 50% of accepted costs for SMEs and 40% of approved costs for midcap and large enterprises. The amount of the funding is a minimum of EUR 2,500 and a maximum of EUR 20,000 per enterprise. Midcap enterprises are classified as large enterprises in terms of Group Explorer funding.
The recommended maximum duration of a Group Explorer project is a year.
In addition to funding, Business Finland can provide help in finding suitable service providers in the target markets and in Finland. You can find people with expertise in international markets through the Expert Search service.
We cannot grant your company funding if:
Group Explorer funding is de minimis aid, of which your company may not receive more than EUR 200,000 during the current and the previous two tax years. All companies controlled by the same entity or belonging to the same group of companies are deemed a single company when calculating the de minimis accumulation.
At the application stage, your company must find out how much de minimis funding it has received during the aforementioned period considered. Such aid is granted by a range of public organizations, including Finnvera and the ELY Centers.
For example, we cannot grant funding in the following cases:
The Funding Terms and Conditions describe the costs for which Business Finland can provide funding, how we monitor your project costs, and how you should report on the progress of your project.
Do you want to discuss the terms in more detail with us before submitting an application? Get in touch with our customer service and let's talk about how we can best help your company!
Each member of the group of enterprises submits their own application, appendices included, through the online service. All members in the group of enterprises must submit their application within two weeks of the first enterprise having submitted its application to Business Finland.
The parallel applications of a single project must be given the same identifier. Before the submission of the applications, the group of enterprises must inform Business Finland of the Group Explorer identifier (max 100 characters) it intends to use by sending an email to ydinsovellukset (at) businessfinland.fi.
You can also keep track of the processing of your application in the online service.
Define 2–5 concrete and measurable goals for your project in your application. The goals must be linked to concrete outcomes of the project and the development of your business. The project's goals are recorded in the funding decision, and Business Finland will monitor their achievement. The achievement of the defined goals is a significant factor in deciding whether your company can receive possible further funding from Business Finland.
Examples of project goals:
Draw up a joint project plan which each enterprise then appends to its own application. An individual enterprise need not append, in addition to this, a separate detailed project plan to the application. Instead, the project's enterprise-specific implementation and content is described on the application form
If your company does not have any audited financial statements yet, please submit, along with your application, an income statement that is no more than two months old, and a balance sheet ledger for the current accounting period.
To make the funding decision, we may ask your company for additional information if necessary.
Agree on the distribution of the costs of the joint project between the enterprises involved.
Costs are accepted starting from the date on which the application was submitted, at earliest. The funding applied for from Business Finland is 50% of the accepted costs for SMEs and 40% of the accepted costs for midcap and large enterprises. The project's direct eligible costs include solely external purchased professional services.
Enter only the proportion of the professional services to be purchased by the applicant concerned on the project's cost estimate in the online service. When necessary, you can add a computed item of other costs (equal to a maximum of 20% of the eligible professional services to be purchased), which may be approved for inclusion in the budget. Do not make separate entries on salaries in money or indirect personnel costs in the cost estimate.
Other costs include overheads, travel expenses, interpreter and wage expenses, the costs of materials and supplies, facility rentals, equipment purchases, equipment depreciation costs, and equipment rentals. Business Finland approves these costs to the extent of an amount equal to a maximum of 20% of the purchased services. Other costs do not need to be itemized in the application, nor do they need to be included in the project accounting.
Discuss any changes beforehand with your contact person at Business Finland. Examples of changes to projects:
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.