EUREKA 2.0 EUREKA Turbo 2017 pilot - Finland funding information Author: Version: Date:

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1 EUREKA 2.0 EUREKA Turbo 2017 pilot - Finland funding information Author: Version: Date: Chisnall Peter 6 04-Jan :27

2 Table of Contents 1 Grants 4 2 Loans 5 3 National process 6 4 Project Assessment 7 5 Project Selection 8 6 Project Monitoring 9

3 How to use the NFB funding information template Grants Loans National process Project Assessment Project Selection Project Monitoring EUREKA 2.0 Initiative Turbo EUREKA 2.0 Call ID Turbo2017pilot Country Finland NFB TEKES Status NOT STARTED Contact Mr. Matti Evola Phone Name of funding programme Tekes general funding Available budget for this call Earmarked 2 M, but have additional fund or provide grants to 3-5 projects of around 1 M per project. Type of funding Grants and Loans What type of activities are eligible funding? Create new knowledge and competencies. Develop the product or service. Test and demonstrate functionality through a pilot. 3

4 1 Grants Funding available through Grants? YES What type of activities are eligible funding? Grants are used to fund new innovative research. Improve the competencies of business and enhance the competitiveness of products and services. Collaborate with universities and research organisations. Funding possibility Type of Support Maximum Maximum Additional information and organisation offered? % EUR remarks SME Yes 60% No limits EU definition of SME Midcaps Yes 50% No limits < 300 M annual turnover Large Companies Yes 50% No limits Networking requirements Research Organisation Yes 70% No limits Networking requirements University Yes 70% no limits 70% no limits Networking requirements Public sector No 0 0 4

5 2 Loans Funding available through Loans? Yes What type of activities are eligible funding? Loan is suitable for piloting and product development close to the commercialisation stage. Companies can renew their existing products or services, production methods and business models, or develop new ones. Funding possibility Type of Support Maximum Maximum Additional information and organisation offered? % EUR remarks SME Yes 70% No limits EU definition of SME MIDCAPS Yes 70% No limits < 300 M annual turnover Large Industry Yes 50% No limits Networking requirements Research Organisations No University No Public sector No 5

6 3 National process National application form required? Yes English language website National language website 6

7 4 Project Assessment Do you support and use the international peer reviews? No Comment We have our own evaluators. Do you use the standard assessment criteria of Quality, Impact, and Excellence? Yes we use but we also evaluate the budget and the motivation of the company. We take away marketing, selling and investment costs. We evaluate the size of the project compared to the size of the company, and is the the company really willing to grow internationally. Comment 7

8 5 Project Selection Who is authorised to decide on the funding of project proposals for your agency? Different directors depending of the size of the project. 8

9 6 Project Monitoring Do you have national monitoring rules above what is described in your EUREKA call document? Yes. We need to know specially what the Finnish company is doing in the project and where the money goes. Comment 9