Innovation Manager has successfully helped with various types of public funding applications for different kinds of organizations. In total we have created over 300 approved Tekes, ELY-Keskus, Finnpartnership applications with success rate ~90 % and more than 40 approved EU applications with success rate ~60 %.
- Generally, the public funding is either in the form of a grant or a loan.
- The applicant is either a single organization (for example an SME) applying funding for their own project or the applicant is a part of a consortium applying funding together.
- Collaborative projects are focused on clearly defined scientific or technological objectives and specific expected results (such as developing new knowledge or technology to improve European competitiveness). They are carried out by a consortium made up of participants from different countries, and from industry and academia.
We can help you and your organisation, if you plan to apply for funding from EU’s Horizon2020, EUREKA’s Eurostars, Business Finland, Finnpartnership or ELY Centres. Contact us to discuss more!
EIC Accelerator Pilot, Horizon 2020
EIC Accelerator (former SME Instrument)
0.5 M€ – 2.5 M€, 70% funding
EIC Accelerator helps SMEs develop their business concept further into a market-ready product, service or process aligned with their growth strategy.
Activities funded can be of several types: trials, prototyping, validation, demonstration and testing in real-world conditions, and market replication.
EIC Accelerator is designed SMEs with radically new ideas underpinned by a business plan for rolling out marketable innovation solutions and with ambitions to scale up. There are no set topics, all technologies and business areas are applicable.
Country dependent, Finnish SME 50% grant
Eurostars supports international innovative projects led by R&D-performing SMEs. Eurostars supports the development of rapidly marketable innovative products, processes and services. Eurostars is an ideal first step in international cooperation, enabling small businesses to combine and share expertise and benefit from working beyond national borders.
Eurostars has a bottom-up approach which means that all technologies and business areas are applicable.
EU Coordination and Support Actions (CSA)
EU Coordination and Support Actions (CSA)
50% – 100% grant of eligible costs
These are actions that cover not the research itself, but the coordination and networking of projects, programmes and policies. This includes, for example:
- Coordination and networking activities, dissemination and use of knowledge
- Studies or expert groups assisting the implementation of the feasibility plan
- Support for transnational access to major research infrastructures
- Actions to stimulate the participation of SMEs, civil society and their networks
- Support for cooperation with other European research schemes (e.g. “frontier research”).
5 000 € grant, 100% funding
Innovation vouchers are for purchasing new knowledge and skills for SMEs who have a new product or service idea with international growth potential and for which the company needs external expertise. The aim is to find new business opportunities for businesses to support business growth and encourage SMEs to innovate.
10 000 € grant, 50% funding
Explorer funding is meant for buying new information and expertise to help companies make progress in a new international market. The funding can be used only for expenses incurred from purchased expert services. Explorer is suitable for SMEs that are seeking new international markets for their products, services, or business models.
50 000 € grant, 75% funding
Tempo funding is for testing the business concept, getting feedback from potential customers for export markets and quick first demo or prototype implementing. The funding enables companies to develop their vision and strategy for international growth, enhance their growth capabilities and map out demand in the export markets.
Tempo is for startups, that have been operating under 5 years and are aiming their innovative product or service idea towards export markets.
Technology Development and Piloting Funding
Min 100 000 € loan, 50% or 70% funding
Technology development funding is for SMEs developing products or services, production methods, and business models or developing new ones. The funding can also be used for testing and demonstrating functionality through a pilot.
The company can pilot the features of a new, innovative solution (for example a product, service, production method, process, technology, operating model) alongside customers or in real operating environment and obtain feedback for further R&D.
Young Innovative Company Funding (YIC)
250 000 € grant + 250 000 € grant + 750 000 € loan
The YIC funding is meant for the most ambitious, rapidly growing Finnish SMEs. The startup must be founded under five years ago and have proven its business concept with paying customers. The funding can be used for sales, marketing activities and comprehensive development of business activities, such as strengthening the team, developing business model and growth strategy, and opening up new markets.
50% grant of eligible costs
Research funding is for bringing high risk and novel innovations closer to market with research activities. Usually research projects are implemented in collaboration with universities and research organisations. Typically technology development and piloting funding are followed by research funding.
Business Partnership Support
50% / 70% / 85% grant, depending on OECD’s DAC list
Target countries for business partnership support are the developing countries listed by OECD’s Development Assistance Committee (DAC).
Business Partnership Support is meant for Finnish organisations to implement a profitable business venture that has a long-term development impact in the developing country.
20-40% grant of eligible costs
ELY Centre grant is for rural area micro enterprises that want to diversify their business activities outside agriculture.
The investment grant can be used for purchasing premises and renovating them, buying machinery, equipment, etc. that has critical impact for the company’s growth and development.
The grant can be also be applied for planning of investments and feasibility planning.
50% grant of eligible costs
The export grant is for SMEs that aim to enter the international markets or seek new international markets for their products, services, or business models. It is meant for buying new information and expertise to help companies make progress in a new international market. With the grant, the company can develop their vision, strategy, and capabilities for international growth, and map out demand in the export markets.
The funding can be used for traveling expenses, fair and tradeshow participation costs, expenses incurred from purchased expert services and hiring an international business manager.