Business
Finland

Finland's national innovation funding agency. Non-dilutive grants for R&D and commercialisation — from Sprint funding for small companies to co-innovation projects with research organisations.

ABOUT BUSINESS FINLAND

Business Finland is Finland's government agency for innovation funding and trade promotion. Following recent restructuring, its funding portfolio focuses on high-impact R&D — from Sprint grants for small companies with new innovations to larger co-innovation projects with research organisations. Funding is non-dilutive and most programmes accept applications on a rolling basis.

€50K–€1M+

Grant Range

40–75%

Funding Rates

Year-round

Applications

FUNDING INSTRUMENTS

  • Sprint — First R&D funding for small companies with new innovations (up to €100K, 75% funding rate)
  • Generative AI — Grants and loans for high-growth companies leveraging cutting-edge AI (50% funding for SMEs, 40% for midcaps)
  • Co-Innovation — Joint R&D projects between companies and research organisations
  • Research to Business — Funding for commercialising research-based solutions
  • Energy Aid — Investments in energy efficiency, renewables, and carbon neutrality

KEY FEATURES

  • Finnish companies only — Must be a registered Finnish limited liability company (Oy)
  • R&D focus — Funding directed at projects that create new knowledge, products, or services
  • Rolling applications — Most instruments accept applications without batch deadlines
  • Fast decisions — Streamlined processes, especially for Sprint (48-hour assessment)
  • Non-dilutive — Grants, not equity — you keep full ownership of your company

FINNISH
INNOVATOR?

Let's discuss which Business Finland instrument fits your project.