The temporary research, development, and innovation loan is intended for SMEs and midcap-companies employing at least six people and for foundations and associations doing significant business. Eligible for funding are those companies, foundations and associations that seek through development new means of coping with the disruptive circumstances in their businesses.
Companies can apply temporary loan funding until the end of November 2020. The application period is extended by a month. The funding decisions will be made until the end of year 2020.
The aim of the funding is to help SMEs and midcap companies to maintain their R&D activities even in the event of disruption and to develop solutions that create a new competitive advantage after the crisis. With Business Finland’s funding, applicants can direct the resources released as a result of an exceptional situation to development work and accelerate development. This will allow them to keep their staff employed during the crisis.
Read more about funding on Business Finland’s website.