Sprint funding (formerly Tempo)
Funding intended for early-stage companies to test market potential, develop an MVP, and take the first steps toward internationalization.
Business Finland Funding
Business Finland Funding
Explore your company’s opportunities for Business Finland funding. Grants helps you apply for Sprint, Market Explorer and R&D funding.
Business Finland funding to support your company’s growth
Business Finland funding helps companies develop new products, build competitive advantages, and grow in international markets. Funding can enable more ambitious product development, faster market entry, and better-resourced development projects.
Grants helps companies identify suitable Business Finland funding opportunities, build fundable projects, and successfully apply for funding.
We have worked with Business Finland funding for nearly ten years and have helped hundreds of companies leverage public funding to accelerate growth and internationalization.
Key Business Finland funding instruments
Business Finland offers several funding instruments for different stages of a company’s development.
Market Explorer
Funding for scouting new international markets, market research, and building distribution channels.
R&D grant
Business Finland's R&D funding supports companies' product development, technology advancement, and the commercialization of innovations.
R&D loan
Funding for larger research and development projects aimed at developing new technology or significant competitive advantages.
Who is Business Finland funding for?
Business Finland funds companies that have:
- a scalable product or service
- a clear growth target
- an ambitious development project
- a goal for international markets
Additionally, the company must have sufficient resources and a team to execute the project.
Grants – an experienced partner for Business Finland funding
Applying for Business Finland funding requires a strong project plan, demonstrating market potential, and knowledge of the funder’s evaluation criteria.
Grants helps companies to:
- identify suitable Business Finland funding
- design fundable development projects
- prepare applications and attachments
- utilize funding long-term as part of a growth strategy
For many of our clients, Business Finland funding forms a continuous funding path, where one project builds the foundation for the next.
Discover your company’s Business Finland funding opportunities
We offer a free consultation where we evaluate your company’s potential to utilize Business Finland funding.
During the discussion, we will review suitable funding instruments, key funding terms, and how the application process proceeds in practice.
FAQ
Business Finland – Grants
What is Business Finland funding?
Funding granted by Business Finland is public funding aimed at companies to support product development, innovation, internationalization, and growth. The funding can be in the form of a grant or a loan, depending on the project and the specific funding instrument.
What does Business Finland fund?
Business Finland specifically funds projects where a company:
- develops new products, services, or technology
- builds a competitive advantage through innovation
- tests new markets or internationalizes
- develops scalable business
Funding is typically targeted at research and development (R&D) projects as well as preparation for internationalization.
What does Business Finland fund?
The most common Business Finland funding options for companies are:
- Sprint funding (formerly Tempo) – for early-stage development projects
- Market Explorer – for scouting new markets
- R&D grant – for research and development projects
- R&D loan – for larger product development projects
- Young Innovative Companies (NIY) – for rapidly growing startups
Who can receive Business Finland funding?
Business Finland funds companies that have:
- an ambitious growth target
- a scalable product or service
- a clear development project
- a goal for international markets
The company must also have sufficient resources and a stable financial position to execute the project.
How much Business Finland funding can you receive?
The amount of funding depends on the funding instrument and the scope of the project.
For example:
- Sprint funding: typically a project of approximately €100,000
- Market Explorer: approximately €20,000–€40,000
- R&D projects: often ranging from hundreds of thousands of euros to the millions
Is it worth applying for Business Finland funding with a consultant?
Applying for Business Finland funding often requires a clear project plan, demonstrating market potential, and knowledge of the funder’s evaluation criteria.
An experienced expert can help you:
- choose the right funding instrument
- build a fundable project
- prepare the application and its attachments
- improve the probability of the application’s success
Still worried about applying for public funding?
Our experts provide you with a comprehensive and clear analysis of your company’s fundability and the most suitable instruments.