Research organizations can apply for Research to Business funding for the commercialization of research ideas. The deadline for applications is 14 September 2023.
The purpose of the commercialization preparation is to clarify the potential exploitation paths of the researched product or service idea and to help choose the most promising paths and ways that can lead to business either in a new start-up or in an existing company. Funding is provided by Business Finland through the Research to Business funding instrument.
At the start of the project, there must be several commercialization options. The entity who commercializes the idea can not be known at the start or during the project. After the project the best way to commercialize the idea should have been identified.
Research to Business projects typically vary in duration from 12 to 24 months, depending on the project’s industry and idea readiness.
Funding
Business Finland can fund up to 70 % of the total project cost. The total project costs are limited to 700 000 euros for individual projects, while for joint projects the maximum is 800 000 euros. At least 40 % of project costs must be allocated to the preparation of commercialization.
Application
The application should be submitted via Business Finland’s online system, and should include the following:
- Online application form with basic applicant and project information (must be submitted by all participants in a joint project)
- Project plan (max. 25 pages recommended)
- Statement of intellectual property rights
More detailed instructions can be found here.
Please contact research@hanken.fi if you are interested in this call.
