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Leverage from leading companies

Business Finland challenges global companies to lead ecosystems that consist of companies of different sizes and other players.

Challenge competition 2021 now open

The aim is to challenge global leading companies to solve major future challenges, to increase their RDI investments significantly, create new jobs and build new high-valua business ecosystems in Finland. The maximum available funding per leading company is EUR 20 million. In addition, Business Finland can provide funding up to EUR 50 million to the leading company’s partners during a period of five years. Cut-off date for the first round proposals: September 1st 2021.

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Partnership model funding call

Business Finland offers partnership funding for research, development, and innovation projects in leading companies' ecosystem themes. Funding is intended in particular for joint projects between companies and joint projects between companies and research organizations. Funding can be applied continuously. Next cut-off date is January 31, 2022.

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What is a challenge competition?

In 2020 Business Finland launched a challenge competition in which companies with international operations agreed to resolve significant future challenges and increase their research, development and innovation investments in Finland. If successful, these projects will lead to additional investments of several billion euros in Finland. The proposed projects were to solve significant future challenges and have a remarkable impact on the R&D&I (Research, Development and Innovation) target of 4% and the employment target of 75% laid down in the Government Programme.

The leading companies are: ABB, Fortum and Metsä Group, Kone, Neste, Nokia and Sandvik.

The winning companies have committed to creating hundreds of new research, development and innovation jobs and increasing their R&D&I investments by several hundred million euros in total. In addition, the leading companies were to boost R&D&I cooperation with research organisations and SMEs.

Business Finland can provide a total of 120 million euros of funding to the projects that win the challenge competition, payable once jointly agreed goals have been reached.

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Ecosystems and roadmaps

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Chief Advisor

Karin Wikman

+358 50 557 7723