Business development grant and National RDI funding
Two different types of funding can be applied for as business development support:
1. Business development grants are granted for SME development or investment projects related to growth, product development and the development, or internationalisation of services and processes. The amount of support is 10–20% in investments and 50–60% in other development measures.
2. National RDI funding for SMEs
The ELY Centre has opened a national funding call for development and investment projects related to research, development and innovation (RDI) of small companies in Southern and Western Finland.
National RDI funding can be applied for by:
A small company that has been or is involved in the research, development and innovation development projects of universities of applied sciences, universities and research institutes. In an exceptional case, the grant can also be granted to a medium-sized company that was or is involved in the development project mentioned above, when the company is still mainly operating in the domestic market.
A start-up company less than five years old. A start-up company means a company that is less than five years old. The age of the company is calculated from the time of company registration. In addition, it is required that the company has not continued the operation of another company and the product has not been commercialized in another company before and the company has not been created through a merger. The exception is the situation where the merged companies are less than five years old. If the company is part of a group, all companies in the group must be less than five years old at the time of the financing decision.
The funding guidelines and support levels of the ELY Centres are applied to the funding. National RDI funding is applied for in the regional administration e-services system.
