Public Funding

Review the main sources of available public funding and what could best suit you.

 
 
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TEKES

Tekes offers funding for research and development work carried out by companies, research organisations, and public sector service providers in Finland.

TEMPO

Accelerating early-stage growth

Who can apply?

  • Companies less than 5 years old;
  • Aiming at international market
  • Product or service idea with competitive edge

What is the funding for?

  • Test functionality of the business concept
  • Obtain feedback from potential customers
  • Explore international demand 
  • Implement MVPs

R&D FUNDING

Research, development and piloting

Who can apply?

  • Finnish companies
  • Already tested the product and service
  • Aim to expand abroad

What is the funding for?

  • Develop products or services, production methods and business model
  • Demonstrate the operation and impact of a new and innovative solution

YOUNG INNOVATIVE COMPANIES

Accelerating global growth

Who can apply?

  • Finnish company less than 5 years old
  • Small and independently administered 
  • Making strong efforts in innovation activities
  • Has not distributed profits and not been formed through a merger

What is the funding for?

  • Accelerate global growth of fast growing startups
  • Strengthen the team
  • Develop a business model and growth strategy
  • Open up new markets
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FINNVERA

Finnvera is a specialised financing company owned by the State of Finland. Finnvera provides financing for the start, growth and internationalisations of enterprises and guarantees against risks arising from exports. Finnvera mainly focuses on: 

FINNVERA LOAN

A Finnvera Loan (previously named Investment and Working Capital Loan) is intended for newly established and existing small and medium-sized enterprises. It can be used to finance domestic construction, machinery and equipment investments, energy and environment projects, working capital needs, and various ownership arrangements.

ENTREPRENEUR LOAN

An Entrepreneur Loan is a personal loan to an entrepreneur and it can be used to finance investments in the share capital of a limited company and/or in the fund of invested unrestricted shareholder’s equity. An Entrepreneur Loan can also be used to finance purchases of shares of an existing limited company.

INTERNATIONALISATION LOAN

The Internationalisation Loan is intended for financing the business operations of a Finnish SME abroad.

BRIDGE FINANCING FOR THE PERIOD PRECEDING THE PAYMENT OF GRANTS

Bridge financing means a loan granted by Finnvera to meet a company’s need for working capital during the period between a positive grant decision made by a Centre for Economic Development, Transport and the Environment (ELY Centre) or Tekes and the actual payment of the grant.

BOND FINANCING

Finnvera may mark bonds issued by companies that meet the EU definition of an SME or larger companies with a maximum turnover of 300 euros in their latest approved Financial Statements.

GROWTH LOAN

Finnvera can grant Growth Loans to SMEs and midcap companies for the financing of major growth or internationalisation projects and corporate restructuring.

EXPORT RECEIVABLES LOAN

The Export Receivables Loan is intended for refinancing the export receivables of Finnish enterprises engaged in the export of capital goods.