Skip to content

Boost for international growth

Tempo funding is for startups, SMEs and midcap companies that have a new product or service idea. With Tempo funding, you can plan your company's international growth by testing the functionality of the idea, gaining feedback from potential customers and studying demand in the new international market. After the Tempo project, your company is ready to move on to a research and development project.

Tempo funding

Applying for the Tempo financial service will be suspended for the period between 12.12.2022 and 15.1.2023.

The maximum amount of Tempo funding is EUR 50,000. Funding from Business Finland covers 75 per cent of project costs that can be at most EUR 66,667. 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. For mid cap companies, the entire funding will be paid in conjunction with the 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 and 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
  • 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?

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.