EU Funding

EU Funding

EU funding programs offer excellent opportunities for innovative companies developing new solutions and looking to expand their business internationally.

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EU funding for innovations and business internationalisation

The EU offers significant financial support to companies that develop new innovations and seek to grow their business internationally.

EU funding not only provides financial support, but also access to expert support, networking opportunities and access to global markets.

This particularly supports the development of SMEs and start-ups, which may otherwise face financing difficulties.

Key EU funding programmes

Eurostars

Eurostars is aimed specifically at innovative SMEs developing new products, processes, or services. Funding is available to companies that collaborate with partners in other EU countries. Funding for Finnish participants is provided by Business Finland, primarily in the form of grants for SMEs and mid-cap companies.

EIC Accelerator

The EIC Accelerator is one of the EU's most significant funding programmes, targeting companies with market-disrupting solutions and international growth potential. The maximum amount of support is up to €2.5 million in grants, and in addition, the company can be granted up to €10 million in equity investment.

EIC Pathfinder and Transition

EIC Pathfinder supports early-stage research projects that develop new technologies. EIC Transition helps commercialize research results and bring them to market.

Other programmes and awards

The EU also supports projects that focus specifically on the environment, health, energy and digitalisation. For example, the EU Innovation Procurement Awards recognise public and private procurement organisations that promote the procurement of innovative solutions.

What should companies consider when applying for EU funding?

  • The application process for EU funding is usually multi-stage
  • The application particularly emphasizes the innovativeness, market potential and social impact of the project.
  • Applicants can receive support from various experts and advisory services that help with completing applications.
  • The company must have a clear business plan and real growth potential.

Support levels and companies’ own financing contribution

  • The amount of EU funding varies from programme to programme, but usually the support covers 50–70% of the approved project costs.
  • Companies are often required to make a self-financing contribution, which can vary depending on the nature and scope of the project.

Examples of EU funding

A Finnish company received EU funding to develop an innovative recycling plant. The EU funding enabled the plant to expand and the company to internationalize. EU support therefore accelerated the company’s growth and expansion into the global market.

Another Finnish company received funding from the EIC Accelerator programme, which enabled it to develop and commercialize a new technology. The support enabled the company to grow rapidly and become international, and the company’s innovative solutions have significantly changed the industry.

Grants – an experienced partner for EU funding

Applying for EU funding often requires:

  • a clear, innovative development project
  • a credible project plan and international growth outlook
  • knowledge of funding programmes and conditions

Grants helps companies:

  • identify suitable EU funding programmes, such as Eurostars, EIC Accelerator and EIC Pathfinder and Transition
  • plan development and innovation projects that are eligible for funding
  • prepare applications and annexes
  • utilise EU funding in the long term as part of international growth

Our EU funding experts

At Grants, you will find Finland’s most experienced EU funding experts, who have extensive knowledge of diverse EU-funded projects. The professionalism of our funding experts guarantees growth companies the best possible support in their applications for EU funding.

Find out your company’s EU funding opportunities

We offer a free consultation where we will review your company’s opportunities to utilize EU funding.

The discussion can assess, for example:

  • suitable financial instrument
  • open application periods
  • project funding opportunities

Book a free consultation

FAQ

EU Fundings

For which kind of companies are EU fundings suitable for?

EU funding is available to almost all types of organisations. Typically, SMEs and research institutes and universities have the most opportunities, but mid-caps and large companies can also participate through suitable consortium calls. SMEs with growth potential can receive support for developing innovations and internationalisation.

Research organisations and universities are also eligible for funding, especially when they collaborate with companies. Consortia with several companies and research institutes from different countries can apply for support, which may be significantly higher than that received by individual companies.

What are typical EU funding targets?

The EU funds scientific research, the development of technologies and innovations, and significant investments that generate benefits across the European Economic Area. Internationalization is supported indirectly, with the expectation that most products, services, and solutions developed with EU funding have the potential to scale to global markets.

Direct grants for internationalization are available only in exceptional cases. Instead, the primary focus is on research and development activities that can enable international growth. In particular, the EU prioritizes environmentally friendly and sustainable innovations, such as energy-efficiency solutions, clean technologies, and circular economy initiatives.

What kind of opportunities do EU funding programs offer?

EU funding programs provide opportunities for innovative companies that want to develop new products, expand their business operations, and bring their solutions to international markets. Securing EU funding can help companies unlock new business opportunities, accelerate growth, and achieve technological breakthroughs.

Still unsure about applying for public funding?

Our experts can provide a comprehensive and clear assessment of your company’s funding potential and identify the funding instruments that best match your needs and objectives.

Book a free consultation