Fudan iLab

Fudan iLab program is done in cooperation with Fudan School of Management. The 1905 founded Fudan University in Shanghai is one of the oldest and most prestigious universities in China.

During the intensive six month work period (January-June), a Fudan MBA team can work on the following areas:

• Market analysis and analysis for market entrance
• Feasibility analysis for business operations
• Product analysis and a development strategy
• Business plan (focus points, networking, marketing, distribution and financing plan etc.)

The scope and other details of the project are decided together with your company before starting the project. Fudan iLab Program process is supervised and coordinated by staff from the Fudan School of Management.

Funding for Fudan iLab Program

1. Primarily Market Explorer funding for SME companies and midcap-sized companies. Other alternatives: 
2. Tempo funding (SMEs) as de minimis subsidies,
3. R&D funding (all companies),
4. Funding for young innovative companies. This financing option is intended for companies that have been granted Tekes' funding for young innovative companies. Expenses related to participation to Market Access Programs will be incorporated into the projects' costs.

Fudan iLab Program requirements

• Business operations based on an innovative product concept
• Independent company or a unit of a larger corporation
• Sufficient technological expertise
• Concept that provides a sustainable competitive edge
• Paying clientele
• Sufficient funding and/or positive cash flow for the following 1 to 2 years
• Website in English

Company commitment towards Fudan iLab

• € 15,000 program fee
• Access to company information, customers, financials and strategic plans
• Average 1-2 hours per week from March to June
• Host 5 students for 3-4 days visit to company headquarters in Finland at the end of April 2021
• One trip to Shanghai: Mid-June 2021

Submission of applications in autumn 2021

For the program 2021-2022, the timetable is as below:

• July – October, 2021: Finnish companies submit applications to Business Finland
• November, 2021: Company interviews will be organized. Representatives from Fudan University and Business Finland will interview applicant companies
• End of November 2021: Project decided & announced to Fudan MBA students
• December, 2021: Student/Faculty selection and assignment to teams
• January, 2022：Initial team formation
• February, 2022: Preparation
• March, 2022: iLab projects officially kick off
• March – June, 2022: Conduct and completion of the Fudan-Business Finland iLab projects
• 15th March, 2022: Submission of the project proposal signed off by companies
• End of April, 2022: Mid-term evaluation with companies in Finland (Fudan MBA students go to Finland)
• June, 2022: Final report submission and presentation to companies in Shanghai (Partner companies come to Shanghai)

Contact Business Finland advisor before applying to the program.

Finnish companies in Fudan iLab Program

2020
Freeport Cobalt Oy, Berner Oy

2019
Freeport Cobalt Oy, Harvia Oy, Domretor Oy, Kalaneuvos Oy, Parkkisähkö Oy

2018
Yousician Oy, Verman Oy, Freeport Cobalt Oy, Kuudes Oy, Beneq Oy

2017
Yanisan Air Oy, Magisso Oy, Prosys OPC Oy, Vepe Oy

2016
Avaintec Oy, Optofidelity Oy, Ekolet Oy, Virranta-yhtiöt

2015
Valio Oy, M-Brain Oy, Premix Oy, Modern Diagnostics Oy

2014
Lumene, Vallilla Interior, BioGTS, Visual Components, Serres

2013
Cesim, Confidex, Sintrol, StereoScape, Planray