China offers unlimited amount of possibilities in business and innovation.
Business Finland has established numerous frameworks to support Finland-China innovation collaboration on both national and provincial level. We provide information sharing, organize innovation workshops, do matchmaking, give advising/coaching for the projects and fund the most promising applications.
Joint innovation calls provide opportunities not only for joint R&D and piloting taregting in market entries and expansion, but also e.g. for standards and regulation contributions in strategic collaboration projects.
Think big and let us help you to boost your business with innovation!
Read the attached “China’s specific regulatory framework on data and how it impacts EU-China R&I collaboration” to know more about the recent regulatory changes that might affect your work or that are at least good to be aware of. The objective of the report prepared by the “EU Research and Innovation Knowledge Network on China” is to give an overview of applicable Chinese data laws which are relevant for the research and innovation sectors.
Remarks on China’s specific regulatory framework on data
The innovation calls are open for all those Finland-registered companies, who want to either target the Chinese markets or collaborate with the Chinese counterparts for innovations. Business Finland can provide funding for Finland-registered companies and co-innovation projects, where both companies and research organizations can be present. It should be noted that on the Chinese side, in addition to the companies, also research organizations alone can get funding.
Business Finland funding is not fixed and depends on the number of qualified applications. Project costs are not limited but must be in line with the resources and targets of the company. Normal Business Finland funding principles are applied. Typically projects range from 100 k€ to 1 M€ (due to Chinese side funding that ranges from RMB 1-5 million, depending on the call and topic), although co-innovation projects may be larger. More information about the funding principles is available on Business Finland funding website.
Maximum funding percentage of the project costs for SME's and Midcaps is generally 50 % grant or 50-70 % loan and for large companies 40 % grant or 50 % loan depending on the type of the project.
Maximum funding percentage of the project costs in co-innovation projects (with minimum 3 companies) is 70%. Research organizations cannot apply funding alone.
Trade and Innovation Consul, Head of Shanghai Office
mika.klemettinen (at) businessfinland.fi
tel. +86 134 8274 6884
elisa.yu (at) businessfinland.fi
tel. +86 138 0174 4271
maarit.kokko (at) businessfinland.fi
tel. +358 40 761 9555
ilmari.absetz (at) businessfinland.fi
+358 50 5577 837