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Business Finland - Research to Business

Business Finland's funding instrument Research to Business (R2B) funds projects to commercialize research ideas.

Business Finland commercialization funding

Business Finland can fund research projects, where scientists take the development of an idea further while preparing for the commercialization of the idea into new business. Business Finland funding can be applied by Finnish research organizations. According to the Business Finland policy the applications must first be handled by the commercialization unit of the university. Innovation Services is responsible of the application process in Aalto University.

Unlike other Business Finland R2B funding requires significant contribution in preparing the commercialization. According to Business Finland official instructions the commercialization must be at least 40 % of all costs in the project. However in practice this means that if the project team doesn’t have genuine interest to create new business (startup) from the research results or license the technology to existing company Business Finland won’t fund the application.

Business Finland requires that the applicants have made significant actions to prove that the project is on sustainable base from the commercial point of view. Innovation Advisors helps to draft these actions and project plan. 

Aalto Innovation Services track record on Business Finland’s R2B funding in 2012-2021:

  • · More than 100 R2B projects and over 55 M€ funding in total.
  • · Average funding is more than 0,5 M€ for a 1-2 years project.
  • · Application success rate is more than 50 % which means that more than every second projects gets funding.
  • · Nearly 40 startups and spin-offs created which has raised over 350 M€ investment money.

Pre-incubator program

The R2B or Research to Business, pre-incubator program, is open all year-round to Aalto University origin innovations and inventions based on research. The projects are especially at an idea phase and have a focus on technological research. Once these projects incorporate, Aalto Startup Center can offer its Business Generator, accelerator program.

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pre-incubator

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