Funding for Research and Development

R&D funding, Innovation Voucher to purchase new knowledge or skills, Into to buy innovation expertise and Innovative Public Procurements for public procurement units

International
  • Program Type
    International
  • Industry Focus
    Finnish companies, universities, and research organizations (mostly small to mid-sized Finnish companies)

Business Finland R&D funding enables your company to develop products or services, production methods, and business models. Your company can also test and demonstrate the operation of a new, innovative solution and evaluate the benefits together with your customers.

 

WHO CAN APPLY?

A large company can benefit from our R&D funding, when you want to carry out challenging research and development work, which not only improves your company's own competitive advantage, but also increases the competence and exports of the SMEs belonging to your network.

WHAT DO WE FUND?

Business Finland R&D funding enables your company to develop new, innovative products or services, production methods and business models. The company can also test and demonstrate the operation of a new, innovative solution and evaluate the benefits together with your customers.

WHAT CAN THE FUNDING BE USED FOR?

1) DEVELOP THE PRODUCT OR SERVICE With Business Finland funding, your company can renew their existing products or services, production methods and business models, or develop new ones. Business Finland funds R&D through loans.

2) TEST AND DEMONSTRATE FUNCTIONALITY THROUGH A PILOT Involving customers in development work is beneficial in all business sectors. With our funding, you can pilot the features of a new, innovative solution alongside customers and obtain feedback for further R&D. Piloting can consist of a quick trial, as is often the case in software development, or involve long development processes, as in the energy or processing industries. You can also carry out piloting abroad. Piloting can involve:

  • The testing of a new innovative product, production method, process or technology in, for example, a production facility
  • The development and testing of a new innovative operating model or system in a real operating environment, for example, in a city district, traffic, or as part of client companies' operations
  • The development of a new innovative service and ensuring that it functions in the customer's operating environment and processes

    • Business Finland funds piloting through loans.

    3) CREATING NEW KNOWLEDGE AND COMPETENCIES Improve the competencies of your business and enhance the competitiveness of your products and services. Collaborate with universities and research organisations. Business Finland uses grants to fund new, innovative research.

    Future Phases

    Check out an overview of each competition phase below - complete rules for each phase will be released as the competition progresses.

    Documents

    Let’s Get Started.

    To apply or join the program, please submit an application.