Innovation aid for shipbuilding is granted to companies operating in the shipbuilding sector. Funding can be used to develop and market advanced ship or offshore solutions.
Innovation aid for shipbuilding is a government subsidy aimed at safeguarding and enabling innovations in shipbuilding. The aim of the grant is to create innovations that are new in the sector or are improvements over its current leading solutions.
The grant may not exceed 25% of the eligible costs defined in the Government Decree. For a single project, we will grant up to EUR 15 million. Innovation aid for shipbuilding is a grant that we pay in installments according to the schedule defined in the financing decision, based on the progress of the project. Your company does not need to repay the grant.
Applications for innovation aid must be submitted before the ship order is placed, but the aid is granted after your company has received the order.
Apply for shipbuilding innovation aid for your company when:
Innovation aid for shipbuilding is intended for innovation development in ship projects. The aid is restricted to the investment, planning, and testing costs that are directly and exclusively related to the innovative part of the project. Grants may only be awarded for activities that take place after the application has been submitted.
We cannot grant your company funding if:
The Funding Terms and Conditions specify 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.
Send your application and attachments via our online service. You can also keep track of the processing of your application in the online service.
Business Finland awards grants only for activities taking place after the application has been submitted.
Eligible costs include the following costs related to the project:
The entities the innovation aid relates to must be separated from the rest of the construction project. The development activities which the innovation aid has been granted for must have their own cost center and job number assigned, and you must keep records of the development activities during the project. If your company is liable to pay VAT, VAT related to costs is not included in acceptable costs. Costs based on an order placed before the start of the period cannot be allocated to the project except when the order includes a cancellation clause linked to the start of the project.
Eligible costs for a new type of vessel and offshore structures
The costs referred to in paragraphs 1 to 3 above that are comparable to the conventional ship design of a previous vessel type are not eligible costs.
The additional costs arising from the construction of the first vessel of the new vessel type may include the difference between its personnel and indirect personnel costs as well as overhead costs and the corresponding costs of subsequent vessels in the same series (sister vessels).
The costs of the construction of a new type of vessel may only amount to a maximum of 10% if they are necessary for the practical implementation of the technological innovation and are estimated to exceed 3% of the production costs of the sister vessels to be manufactured at a later date.
Eligible costs for new components or systems
The following costs that arise from new components or systems eligible for the innovation aid are eligible to the extent and for the period that the components or systems have been used in the project, provided that they are directly linked to the innovation:
Eligible costs for new methods
The following costs arising from new methods eligible for innovation aid are eligible to the extent and for the period of time that the methods have been used in the project, provided that they are directly linked to the innovation process:
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.