High interest in the GenAI Proof-of-Concept funding call
North of 200 R&D funding applications and, so far, 130 R&D projects started – with many more coming. This incredible response to the Business Finland GenAI Proof-of-Concept, PoC, funding call highlights the eagerness of Finnish businesses to explore and harness the transformative potential of generative AI.
Not only are the numbers high, but we’re also thrilled to see such a wide variety in the funded projects. From healthcare and education to luxury yachts and gaming, companies are applying generative AI to solve real-world challenges and create new opportunities. This diversity not only reflects the versatility of the technology but also ensures broad impact across the Finnish economy.
Welcoming new innovators
One of the most exciting outcomes of the call is the number of new companies working with Business Finland. More than 50% of the funded projects come from companies that are either working with us for the first time or getting in touch with us after a long while. This strengthens Finland's AI ecosystem and brings new perspectives to the table.
While it's important to highlight these fantastic results, this is just the beginning. The real journey starts now, as these PoC projects move from concept to execution. We're eager to see how they evolve – some may grow into larger projects with continued support from Business Finland, and all have the potential to create meaningful impact in their respective industries.
The high level of participation, the influx of new collaborators, and the variety of the proposed projects all point to an exciting future.
As these initiatives unfold, we look forward to witnessing the breakthroughs and competitive advantages they will bring to Finnish companies – both locally and on the global stage.
Are you interested in developing new generative AI based solutions and services for global markets? Read more about the Generative AI campaign and contact us.