Talent Explorer funding can be used to hire an internationalization expert to provide new information and expertise about your target market, and promote your business in the new market.
Talent Explorer funding is a grant that your company does not need to repay later. You can use the funding to hire an expert to work in Finland to help your business internationalize. This person must have international expertise and/or knowledge of your target market.
The maximum project cost eligible for funding is 40,000 euros, of which the amount of Talent Explorer funding granted by Business Finland can be up to 20,000 euros. Thus, the funding covers up to 50 percent of the expert's employment costs, or their salary and other personnel costs and potential travel expenses for the first 6–12 months. Other expenses (such as travel, for example) can be up to 20% of the total salary.
We will not disburse Talent Explorer funds in advance, so your business must have sufficient funding to cover the project and other business operations. A company or group of companies can receive Talent Explorer funding up to three times.
Talent Explorer funding can be used to hire an internationalization expert to provide new information and expertise about your target market, and help your company make progress in the new international market. The hired expert may be an international student who has graduated from a Finnish university or university of applied sciences, or a graduate thesis student who has international expertise or knowledge of the target market. Knowledge of the target market may be cultural knowledge, language skills or networks in the target market.
What can the funding not be used for?
We cannot grant funding for your company if:
Please make sure to sort out the above matters before applying for funding.
Talent Explorer funding is de minimis support. A company can receive de minimis support of up to €200,000 in the current and two previous fiscal years.
The company must assess, at the application stage, how much de minimis funding it has received in the previous years. Companies belonging to the same group or controlled by the same party (for example, same majority owner) are considered one company. Such aid is granted by a range of public organizations, such as Finnvera and the ELY Centers.
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.
Send your application and attachments via our online service. You can also keep track of the processing of your application in the online service.
In the application form, you will be asked to set 2–5 measurable targets for your project. The targets must be related to concrete outcomes of the project and the development of your company's business. The project targets will be recorded in the funding decision, and Business Finland will monitor their fulfillment. Accomplishing these targets has a significant impact when applying for potential further financing from Business Finland.
Please describe the targets in the form "outcomes of the project upon its completion".
Examples of project targets:
As a part of your application, we will ask you to submit a project plan. You can either type your plan in the application form, in the ("Project realization: Please describe the intended use of the funding you are applying for") field or attach it to the application in a separate file.
Please detail at least the following items in your project plan:
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 2 months old, and a balance sheet ledger for the current accounting period.
In order to make the funding decision, we may ask your company for additional information, if necessary.
Attach the CV of the person you intend to hire to your application.
Business Finland can accept costs starting from the date the application was submitted, at the earliest.
Acceptable costs for a Market Explorer project are the salary of a new hiree, the personnel costs associated with their employment, and other similar costs. In the application service, only enter the costs of the hired expert in your project's estimated cost: salary, personnel costs up to 30%, and other expenses up to 20% of total salaries.
The following costs cannot be accepted as project costs
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.