The challenge competition is aimed at leading companies operating globally that are able to increase research, development and innovation (RDI) in Finland very significantly. Business Finland can provide funding of up to EUR 20 million for a leading company and up to EUR 50 million for an ecosystem assembled by a leading company.
Challenger companies can also participate in the challenge competition this year. Challenger companies strengthen the global role of an international business group through Finland or aim to grow into a global player, are solving a smaller or more focused challenge or develop new business. The funding of Business Finland can be up to EUR 10 million for a challenger company and up to EUR 20 million for an ecosystem assembled by a challenger company.
The challenge competition opened on June 16th, 2022. The deadline for first-round proposals is Wednesday, September 14, 2022 at 23:59 p.m.