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Look for growth opportunities in international markets together with other companies

Group Explorer funding is aimed at groups of 4–10 enterprises to explore significant joint business opportunities in international markets.

Applying for the Group Explorer financial service will be suspended for the period between 1.6.2023 and 31.7.2023.

Explorer Funding

The Group Explorer funding service is aimed at groups of enterprises to explore joint business opportunities in the international market.

We grant funding for groups of 4–10 enterprises eligible for support which possess either a joint range of products/and or services with significant growth potential or a strong desire to explore an identified business opportunity together. The group of enterprises must include a minimum of four mutually independent enterprises and at least half of the group must consist of SMEs. The group of enterprises can include enterprises belonging to the same group of companies, as long as the aforementioned condition is fulfilled.

What is required of your company?
  • A genuine desire to grow in the international market and work in a project in cooperation with the other enterprises in the group
  • Its own range of products or services
  • A minimum credit rating of A (Rating Alfa) and access to adequate self-financing for the project's implementation
  • A dedicated team in which at least two people work full-time in Finland

Group Explorer funding is aid provided under the de minimis rule and does not need to be repaid. The proportion of the aid is 50% of accepted costs for SMEs and 40% of approved costs for midcap and large enterprises. The amount of the funding is a minimum of EUR 2,500 and a maximum of EUR 20,000 per enterprise. Midcap enterprises are classified as large enterprises in terms of Group Explorer funding.

  • SME: less than 250 employees, maximum net sales of EUR 50 million or a balance sheet total of no more than EUR 43 million.
  • Midcap enterprise: group-level maximum net sales of EUR 300 million.
  • Large enterprise: group-level net sales of more than EUR 300 million.
What is required of the group of enterprises?
  • 4–10 enterprises eligible for support of which at least half are SMEs
  • A common interest or clear joint impact (synergy) in the identified target market, which has not previously been explored together
  • A joint external project manager
  • A joint project plan. The professional services to be carried out in the project must be shared by the group of enterprises

The recommended maximum duration of a Group Explorer project is a year.

In addition to funding, Business Finland can provide help in finding suitable service providers in the target markets and in Finland. You can find people with expertise in international markets through the Expert Search service.

See instructions for applying for funding

How does Business Finland funding work?

Before you apply

Plan a project and define its goals. Ensure the sufficiency of self-financing.

Apply for funding

Submit your application through online services. Submit the additional information requested.

Approve the funding decision

Business Finland will assess your application and notify you of its decision. Read the decision and its terms and conditions, and approve the decision in online services.

Use the funding

Arrange project accounting. Notify Business Finland of any changes.

Report your project

Report your project's implementation and costs. Attach the additional information requested with your report.