Subsidies

Business subsidies

Business subsidies or aid are generally discretionary and require that the business’s operations are profitable. There is no need to pay back the subsidy or aid. Business aid must be applied for and a decision received before any investment is made. Aid for purchases made is generally only paid in arrears.

If the business is geared towards developing countries, it is possible to obtain a subsidy with the help of the Finnpartnership business-partnership programme  When planning the business, it is good to remember that its operations must not be reliant on subsidies. The business must be profitable without any aid.

Grants and Subventions

TEKES, the Finnish Funding Agency for Innovation, offers various types of funding for startups aiming at the international markets.

ELY Centres can provide grants for business development and internationalization.

Finnvera provides financing for the start-up, growth and internationalization of companies and for protection against export risks. It supports Finnish enterprises by offering loans, domestic guarantees, venture capital investments, export credit guarantees and other services associated with the financing of exports.

Finnish Startup Grant ensures income for an aspiring entrepreneur during the estimated time taken to launch and establish a full-time business, however for a maximum of 18 months.