Business Finland-Tutli funding
Business Finland (former Tekes) is a Finnish governmental organization that supports innovations, internationalization, investments and tourism promotion. Business Finland provides funding for projects by research organizations that help to commercialize a research idea (TUTLI, Tutkimuksesta Liiketoimintaa).
This funding is aimed at research groups in academic organizations who want to create new business and commercialize their ideas.There are two calls for applications every year: one in the Spring and one in the Autumn.
Innovation Services will assist research teams widely with the application and selection processes. Innovation advisors in each school advise teams e.g. in submitting the applications, in the protection of IP in the project, in preparing the teams for pitching their idea to the Business Finland’s experts and other stakeholders, and in the development of commercialization.
The research teams managed by Innovation Services have had a high success rate in receiving funding. Aalto University has accumulated experience of managing 68 TUTL-projects with the funding of 32,4 M€. These have led into over 50 commercialized start-ups or products on the market, which have raised private VC-funding of approximately 80 M€.
Check our recent successful cases