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Buy new information and expertise for your company with the Innovation voucher

The Innovation voucher is intended for small companies under 5 years old that have a new product or service idea with international potential. With the Innovation voucher, you can acquire expert services for developing the idea.

The innovation voucher can be applied from January 24, 2024 from 12 a.m. under new conditions. Applications submitted in 2023 will be evaluated based on the funding guidelines at the time of application.

Innovation voucher is intended for small companies under 5 years old. The amount of the grant is 4,500 euros and the company's self-financing portion is 1,500 euros.

The uses of the note have been specified in such a way that the funding encourages companies to engage in R&D.

Funding is discretionary. The conditions for granting financing are described on this website.

Innovation voucher

The amount of the grant is 75% of the value-added tax-free amount of the purchased expert services and max 4,500 euros. The self-financing portion is 25% of the acceptable costs. You can use the funding to buy services from one or several service provider. Your company can get this voucher only once.

The aid is transferred to your company after you have approved and paid for the work performed by the chosen service provider. 

What is required of your company?
  • The company must have been in operation for less than five years before the funding application is submitted. The age is calculated from the date of registration in the Trade Register.
  • The company is small sized: fewer than 50 employees, and an annual net sales or balance sheet total of up to EUR 10 million.
  • Your company's credit rating (Rating Alfa) according to Suomen Asiakastieto is at least A.
  • Your company is developing a new product or service idea, and plans for its internationalization are already in place (not further development of an existing product).

  • Please NOTE that the requirement for a full-time entrepreneurship or a full-time employee has been removed.

See instruction for applying for funding

How does Business Finland funding work?

1
Before you apply

Plan a project and define its goals. Ensure the sufficiency of self-financing.

2
Apply for funding

Submit your application through online services. Submit the additional information requested.

3
Approve the funding decision

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.

4
Use the funding

Arrange project accounting. Notify Business Finland of any changes.

5
Report your project

Report your project's implementation and costs. Attach the additional information requested with your report.