Young Innovative Company Funding

DEVELOP A STARTUP'S INTERNATIONAL BUSINESS

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

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. On average, the selected companies have 13 employees, net sales of EUR 420,000, and equity investments of EUR 1,000,000. The companies' managers have significant international expertise, and most companies are already engaged in international business. Some 40% of the companies have foreign investors.

We provide funding in at least three periods. The funding for the first period is a grant of EUR 250,000, the funding for the second period is also a grant of EUR 250,000, and the funding for the third period is a loan of EUR 750,000.

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.