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Tekes services for foreign companies

Tekes - an easy access to the Finnish innovation ecosystem

Tekes services for foreign companies

Evaluation of foreign companies´ projects

Funding for development projects for companies registered in Finland

Funding of research mobility

Expertise and information about research and development networks in Finland

Contacts and assistance to establish a business

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Funding of foreign companies

• Tekes can fund projects of foreign owned companies

• Legal entity and operations are required in Finland

• Foreign owned companies are funded on same criteria and conditions as Finnish companies

• Funding application is required

www.tekes.fi/en/funding

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Funding for foreign owned companies

Funding for development projects for companies registered in Finland

• Products, services, production methods

• Business concepts

• Trial production or demonstrations

• Organisation and management practices

Pre evaluation of projects of foreign companies • Planning to establish a subsidiary in Finland

• Engaging significant R&D and business activities in Finland

• Written business plan for the Finnish activities

• Basic information on the planned project

Letter on Intent – intention to fund if the normal funding criteria fulfilledapplication required – business plan to be followed

LoI for big projects – Tekes share over 1 million euro

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Preliminary information needed for LoI

Project plan (preliminary, short version) Tasks / corresponding timetable, resources What is completed after the project, what kind of business opportunities are opening

Company basics (the legal entity in Finland, could be preliminary info) Ownership, shares Starting balance sheet Plan for funding the company operations for the next 3-5 years Employees (number, profile) Also same type of background info of the mother company Rationale for activities in Finland

Business plan for the Finnish unit / mother company (preliminary, short version)

Employment, local business responsibility etc. Who owns the IPR´s? Finnish network of actors: profile of knowledge expected and

what do you bring to the network=> Positive impact on the Finnish national economy – Tekes money is tax-payers money

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Funding criteria

• Business activity to be pursued

• Technology, innovation, competence and know-how to be developed

• Resources to be used

• Cooperation to be developed and utilized

• Impact to the Finnish economy

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Expertise - networks

 

Expertise and information about research and development networks in Finland

Contacts and assistance to establish a business

Tekes programmes are a gateway to the best technology companies and researchers in Finland

• Funding

• Seminars

• Forum for exchange of information and networking

• Newsletters

www.tekes.fi/en -> Networking

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Factors behind Finland’s competitiveness

• Basic infrasturcture

• Technological infrastructure

• Security

• Access to educate workforce

• Living conditions and quality of life

• R&D and innovation environment

• Finnish attitude and values

Source: 2006 Deloitte: Finland’s Competitiveness from the Viewpoint of American Firms

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Top 50 recipients of Tekes funding include

• ABB (headquarters in Switzerland)

• Honeywell (USA)

• Philips (the Netherlands)

• TeliaSonera (Sweden)

• Tellabs (USA)

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Test your idea

• Get in touch with www.tekes.fi/test

• See also www.tekes.fi/en

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