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Boost for international growth

Tempo funding is intended for under 5 years old startup companies with a new product or service idea.

With the Tempo funding, the company can prepare for international growth by obtaining feedback from potential customers and mapping the product's demand and functionality in the international market.

Granting Tempo funding requires that the company has a realistic follow-up plan for research and development measures to put the idea into practice if Tempo project's results encourage it.

Tempo funding

The maximum amount of Tempo funding is EUR 60,000. Funding from Business Finland covers 75 per cent of project costs that can be at most EUR 80,000. The funding constitutes a grant that does not have to be paid back. We will pay 70 per cent of the funding after the funding decision, and the remainder in conjunction with the project's final report.

Applications compete for funding and every company that meets the minimum criteria will not automatically receive funding. When making a decision, Business Finland always evaluates the company's business as a whole: competitive advantage, R&D continuation plan, growth plan, team and adequacy of financing.

What is required from your company?
  • A concrete idea for an innovative product, service or business concept that differs from the solutions currently offered on the international market.
  • Your company has a realistic follow-up plan for research and development measures to put the idea into practice, if Tempo's results encourage it.
  • At least EUR 30,000 in equity financing and confirmed self-financing during the project.
  • A committed team of at least 2 people working in Finland.

See instructions for applying for Tempo funding

How does Business Finland funding work?

Before you apply

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

Apply for funding

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

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.

Use the funding

Arrange project accounting. Notify Business Finland of any changes.

Report your project

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