- News article -

Horizon 2020 opens – New funding source for Finnish SME’s

11 Dec 2013

Many Finnish companies miss an opportunity to get EU funding because Finland lacks a national strategy to support this.

The European Commission announced today the research and development areas that it will provide funding for in Horizon 2020 programme in the first two years. Total expected funding for Horizon 2020 during the seven year period is between 70 and 80 billion euros of which 20 % will be distributed to small and medium-sized enterprises (SME’s). Finnish SME’s should pay attention because now companies can apply for funding individually.

Horizon 2020 will be much more industrial- and SME-oriented than the previous programmes. According to Pekka Koponen, CEO of innovation consultancy Spinverse, Horizon 2020 is a new funding source for Finnish growth companies and startups. Koponen thinks the challenge is that the proposal writing know-how is poor in Finnish SME sector. Proper preparation of a proposal is laborious because the national funding instruments and expertise are dispersed.

“Finland lacks a national strategy for EU funding. Finland should clarify its own objectives and internal division of labour”, says Koponen in Kauppalehti.

Most of the EU countries have guidelines regarding the division of labour between governmental actors. Similar strategy for Finland would be much appreciated.

“Finland is facing a great risk that our SME’s don’t get their fair share of the funding because we lack the adequate expertise and support”, says Koponen.

Spinverse’s Director of Europe Laura Kauhanen says that SME’s in Finland on average are applying meagerly for EU funding compared to the rest of the Europe. A few active companies have had successful applications, but after the few top companies on the list the number of applications decline quickly.

- Contact us -

Want to learn how Spinverse could help you? Contact us now!



Antti Koistinen

Consultant, M.Sc. (Tech.) +358 40 182 2489

- News -

Relevant posts

Client News digital healthcare health technology

Healthcare projects within CleverHealth Network are moving forward

29 Jun 2020

The CleverHealth Network ecosystem is buzzing with activity as the ongoing six co-development projects aim t...

Client News ECSEL open innovation ecosystem

CHARM project develops IoT solutions for harsh industrial environments

22 Jun 2020

The CHARM ECSEL JU project coordinated by Valmet aims to develop industrial IoT solutions with an improved t...

Client News Public Funding innovation ecosystem

Spinverse supports Nokia in building their winning ecosystem project for unlocking Industrial 5G

18 Jun 2020

Business Finland launched a competition in early 2020 for leading companies (so called Veturi companies) wit...

circular economy Client News innovation ecosystem

Spinverse supports Fortum and Metsä Group in the launch of a joint EUR 50 million circular bioeconomy programme

18 Jun 2020

Spinverse customers Fortum and Metsä Group join forces with Business Finland to create a world-class R&...

Our People Spinverse News

New colleagues that we have not yet met face to face

11 Jun 2020

In the midst of the pandemic, Spinverse welcomed several new colleagues onboard. Some of them started as per...

EU funding Public Funding innovation fund

Innovation Fund supports emission reductions in Europe

5 Jun 2020

The European Commission has announced a remarkable investment programme worth 10 B€ or more, focusing on h...