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Develop a startup's international business

Young Innovative Company funding is intended for startups with a high business potential that have been in operation for less than five years. Funding enables the company to invest in the growth of international business and, in addition, strengthen the team, develop its business model and growth strategy, and target new markets.

Young Innovative Companies funding

For the Young Innovation Company funding, we select promising startups that have been in operation for less than five years, are able to rapidly scale up internationally and already have significant net sales and evidence of growing international business. 

The companies selected for the funding have typically already used our funding services in previous projects. The age of a typical company selected for the Young Innovation Company funding is 4 years. The companies have an average of 13 employees, a turnover of more than EUR 420,000 from the scalable business, and EUR 1 million in equity investments. The companies' managers have strong international expertise, and most companies already have a significant international turnover. Some 40% of the companies have foreign investors.

We provide funding in three periods. The funding for the first and second period is a grant of EUR 250,000, the funding for the third period is a grant of EUR 500,000.

Please note: For companies selected to YIC program before 1.1.2024, the funding for the first and second period is a grant and the funding for the third period is a loan.

What is required of your company?
  • A business plan for rapid international growth.
  • Demonstrated the functionality of a scalable business model, and also international sales.
  • The company employs a full-time management team and has provided resources for the key roles.
  • The key personnel working full-time must have a significant ownership interest in the company.

If your company seems to be suitable for NIY financing, please contact us and discuss the suitability of your company in more detail. As there is a legal age criterion for NIY funding, please contact Business Finland no later than six months before the company turns five.

See instructions for applying for 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.