Business Finland's funding is intended for large companies that seek significant network impact and societal benefits from their projects. Funding enables a company to reform or develop completely new products or services, production methods and business models, or to pilot the functionality of new innovations.
Business Finland helps large companies aiming to expand to new export markets by granting grants or loans. Through funding, large companies are encouraged to cooperate with research institutes and SMEs.
The grant is intended for research work, which creates new knowledge and competence for the company to be used as a basis for product development work. Research projects in large companies receive a grant of 40% of the total project cost. A large company should spend at least 40% of total project costs to acquire services from SMEs and/or research organizations
The loan is intended for the company's development and piloting projects. The loan can cover at most 50% of the project's total costs. A large company must spend at least 15% of total project costs to acquire services from SMEs or research organizations. The company can receive 30% of the loan funding granted for your project as an advance loan at the beginning of your project, and we will pay the remaining loan amount based on the realized costs. The loan has a low interest rate (1% at present), and no collateral is primarily required. As a rule, the loan period is seven or ten years, of which three or five – or more, if necessary – are installment-free. If the project does not achieve the intended results or the results cannot be utilized in the company's business, the loan may be partially converted into a grant for justified reasons.
When a large company participates in a Co-Innovation-project with its own sub-project, the incentive impact of funding on cooperation and networking can also be assessed through the Co-Innovation project's network cooperation.
Apply for funding for research, development, and piloting for your company, for example, when:
Here are some examples of research and development projects that your company can receive a Business Finland grant or loan for:
Business Finland provides funding for new creative research through aid.
Business Finland finances development and piloting with a loan.
We cannot grant the company funding if:
The Funding Terms and Conditions describe 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.
Do you want to discuss the terms in more detail with us before submitting an application? Contact our customer service. Let's discuss it and try to find the best way to help your company!
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, please define 2–5 goals for the project to be measured at the end of the project. The goals must be linked to concrete outcomes of the project and the development of your business during the project. The project's goals are recorded in the funding decision, and Business Finland will monitor their achievement. The achievement of the defined goals is a factor in deciding whether your company can receive possible further funding from Business Finland.
The concrete goals of the project may relate, for example, to the following themes:
Please submit a project plan as part of the application. You can attach the plan as a separate file to the application.
We would like you to explain at least the following in the project plan:
The content and goals of the project determine which project costs can be accepted.
In research and development projects, eligible cost types include:
Costs of piloting projects may include:
The following costs cannot be accepted as piloting project costs:
If you receive income from a prototype, demonstration project or production testing created in your project during or immediately after your piloting project, it must be reported to Business Finland immediately or no later than during the final report. If the income is significant, we may refuse to accept any costs related to commercial activities.
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.