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Not all businesses applying to public funding with Business Finland are aware that they can receive funding from Business Finland for the preparation phase of public funding proposals. This applies to international cooperation projects within Horizon Europe and European Defence Fund (EDF).
Since 2020, Business Finland has run challenge competitions for leading companies that operate globally and have the ability to increase their R&D&I investments in Finland to tackle significant future challenges. The next challenge competition was just announced – do you have what it takes to join?
Spinverse has been coordinating the extensive CleverHealth Network (CHN) ecosystem led by Helsinki University Hospital (HUS) for a good five years now. Business Finland recently granted an extension to funding of this health care growth engine. This enables CHN to continue the work in harnessing health data, AI and Machine Learning with an aim to co-develop efficient care paths and improve patients’ daily lives. The first solutions developed in CHN projects are already progressing towards commercialisation and new joint projects are being built as we speak.
Nokia is set to gain a new competitive advantage from edge computing and edge intelligence, both considered essential elements in 5G networks. They can be considered the two key elements to enable sustainable digital infrastructure and networks in the future. Spinverse supported Nokia in the preparation of their funding proposal, which secured Nokia 20 M€ in Business Finland funding for leading companies.
Business Finland will allocate 20 M€ in the Zero Emission Marine (ZEM) ecosystem project of Wärtsilä. As an ecosystem leader, Wärtsilä will launch an extensive RDI project together with close to 200 actors, who share a goal of creating a zero-emission ecosystem for the marine industry. Spinverse team will support in commencing the four-year project developing cutting-edge sustainable technologies to reach its ambitious goals. Spinverse experts will help the project in setting the groundwork and creating an efficient operating model for the ecosystem.
Business Finland has just granted a total of EUR 60 million for three new Veturi projects to be led by the leading companies Nokia, Wärtsilä and TietoEVRY. In return for the funding, the leading companies make a commitment to increase their research, development and innovation (RDI) activities in Finland by a total of more than 350 M€. At the same time, hundreds of new RDI jobs will be created in the coming years.
Business Finland has recently opened several funding calls to boost the renewal and competitiveness of Finnish industries operating in the areas of sustainability. The funding, worth a total of 150 - 170 M€ in the course of 2021-2023 for sustainable innovation projects meant to accelerate sustainable growth, is a part of the European Union’s Recovery and Resilience Facility (RRF). This autumn, there are three interesting calls focused to support the EU targets of sustainable growth.
Fortum and Metsä Group launched ExpandFibre, a 4-year R&D collaboration, in summer 2020. It is a major effort towards developing high-volume bioproducts that have a significantly lower carbon footprint compared to currently available fossil-based products. To succeed in the ambitious mission, the founding companies have joined forces with a large and continuously growing group of innovation partners – the ExpandFibre Ecosystem. Spinverse has supported the ecosystem in setting up the ExpandFibre activities and is working with Fortum and Metsä Group to accelerate impactful collaboration.
Business Finland launched a competition in early 2020 for leading companies (so called Veturi companies) with international operations to challenge them to solve significant future problems and increase their research, development and innovation investments in Finland. Four leading companies with three projects were announced as the winners of the competition. Nokia, one of the four winning companies will launch a project called “Unlocking Industrial 5G” which allows the company to innovate new products, services and solutions in Finland and develop and commercialise them together with the companies in the local ecosystem.
Spinverse customers Fortum and Metsä Group join forces with Business Finland to create a world-class R&D programme with pulp fibre from renewable and sustainable sources as its node. The 4-year joint R&D programme, called ExpandFibre, aims to develop ground-breaking technologies and smart business concepts that are required to convert straw and wood pulp fibre into novel bioproducts, such as textile fibres. The R&D programme has been granted EUR 20 million from Business Finland.