The Market Explorer funding service is designed for SMEs and mid-cap companies that are seeking new international markets for their products, services, or business models. The company may be in its early stages of internationalization or already operate internationally.
The company must also have an innovative product or service idea or business model which it needs expertise in order to export to new international markets. The company's product must be at least in the piloting phase. The target market and/or customer segment investigated in the project must be new to the company.
You can use Market Explorer funding to buy new information and expertise to help your company make progress in a new international market. The funding is designed for expenses incurred from purchased expert services. In addition, other costs will be accepted up to the amount of 20 percent of the sum of purchased services (From 1.10.2020). It is not necessary to itemize these other costs. The maximum amount of Business Finland funding is €5,000–10,000, covering 50% of the total costs of the expert services. company or a group of companies may receive Market Explorer funding for a total of three times.
You can use Market Explorer funding to buy expert services to support your company's international growth. The service provider can be a company, research organisation, information dissemination organisation or an expert (an individual). The service provider can also be from abroad.
You can find expertise from e.g. Business Finland's Expert Search.
Funding is applied in advance and the project start date may not be earlier than the date the application is submitted to the electronic system. The amount of Business Finland funding is EUR 5,000–10,000, covering 50% of the purchased expert services. Your company pays 50% of the expert services expenses. Payment in advance is not possible.
The funding will be paid on the basis of the reported cost following the completion of the project. No financing is paid in advance. The enterprise must have sufficient funding to cover the costs of the project and other business costs. When planning self-financing, it must be taken into account that Business Finland financial support is paid retrospectively against actual and paid costs, unless otherwise stated in the decision.
In its final report to Business Finland, your company details what expert services have been purchased, how much they cost and from whom they were obtained. The maximum duration of projects is one year.
Apply for funding via Business Finland's online services. When you submit the application, your company must have a preliminary idea of the service provider of the expert services. Your company may change service providers during the project if it is necessary in order to reach the objective.
Enter purchased services in the budget in the application service. In addition, other costs will be accepted up to the amount of 20 percent of the sum of purchased services (From 1.10.2020). It is not necessary to itemize these other costs. Funding provided by Business Finland accounts for 50% of the purchased services.
Please note that your company and the service provider you selected may not be linked as associated companies (see further details in section 3.5 of the General Terms).
We aim to process applications within two weeks of receiving them.
Market Explorer is de minimis support, defined by the European Commission for small development projects. The maximum sum of de minimis aid that can be granted to one company over the current and two previous fiscal years is €200,000. The company must assess how much de minimis funding it has received in previous years at the application stage. Such aid is granted by a range of public organisations in addition to Business Finland, such as Finnvera and the ELY Centres.
No, it cannot be used to fund retail businesses. The company must make the products or services it sells.
A company or group can receive Talent Explorer funding up to three times, and the same restriction applies to Market Explorer funding. We do not recommend that a company or group have several Talent/Market Explorer projects running at the same time. If the company’s financial and human resources are in order, funding for parallel and successive projects may be granted in some cases.