Finland: Business Finland

Name of Funding agency

Business Finland

Geographical coverage (national/regional)


Name of the programme/initiative

Smart Mobility and Batteries from Finland, Sustainable Manufacturing Finland, Bio and Circular Finland

Programme website

Programme owner

Business Finland

Program manager (executing funding organisation)

Business Finland

Contact person(s) (e-mail, tel.)

Satu Penttinen ()

Funding Commitment

1.000.000 € (more Business Finland funding can be considered in case of highly ranked projects)

Anticipated number of fundable research partners


Maximum funding per grant awarded to a partner


Type of research eligible for funding: eligible TRL range


Funding rates (approx.)

SMEs 65%, large companies 40%, universities and research organizations 70%

Major eligibility criteria
(e.g. types of organisations, thematic restriction, cost types and caps)

Applicant organisations must be legal entities registered in Finland. Business Finland’s normal funding terms and conditions apply.

SMEs and large companies can participate in consortia either independently or together with other Finnish partners. Finnish companies can either apply for Business Finland funding or act as an in-kind partner in the consortium.

Research organisations must work in parallel with companies. Consortia must include at least three companies of which at least two are Finnish companies (SMEs or large companies) to be eligible for funding.

All applicants are required to contact Business Finland in advance before submitting of applications.

Submission of the proposal at national/regional level (schedule, cut-off dates, deadlines, etc.)

End of February 2023

Submission of financial and scientific reports at the national/regional level

Reporting according to Business Finland standard reporting practices.

Further guidance