Tempo funding is intended for under 5 years old startup companies with a new product or service idea. With Tempo funding, you can plan your company's international growth by testing the functionality of the idea, gaining feedback from potential customers and studying demand in the new international market. After the Tempo project, your company is ready to move on to a research and development project.
If your company is more than 5 years old, check out the Market Explorer financing service.
Applying for the Tempo financial service will be suspended for the period between 1.6.2023 and 31.7.2023.
The maximum amount of Tempo funding is EUR 60,000. Funding from Business Finland covers 75 per cent of project costs that can be at most EUR 80,000. The funding constitutes a grant that does not have to be paid back. We will pay 70 per cent of the funding after the funding decision, and the remainder in conjunction with the project's final report.
Applications compete for funding and every company that meets the minimum criteria will not automatically receive funding. When making a decision, Business Finland always evaluates the company's business as a whole: competitive advantage and growth plan, team and adequacy of financing.
Plan a project and define its goals. Ensure the sufficiency of self-financing.
Submit your application through online services. Submit the additional information requested.
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.
Arrange project accounting. Notify Business Finland of any changes.
Report your project's implementation and costs. Attach the additional information requested with your report.