Posintra advises entrepreneurs in various situations by appointment, but so far only by phone or electronically. In connection with the appointment, we agree from case to case with the entrepreneur on the possibility of conducting a video conference via remote connection.
We offer our assistance in financial, funding and employed matters, as well as in various matters of changes and development of your company. Feel free to contact us! Tel. 050 597 3887, firstname.lastname@example.org, weekdays at. 9 – 16.
We have listed on this site various useful links for you and we are constantly updating the page.
Sources of funding for coping with the coronavirus situation:
– Labour market support for entrepreneurs and self-employed persons
– The support is intended for on-farm business and for companies with less than 10 employees processing and selling agricultural products. The support is eligible for € 5,000 to € 10,000 (up to 80% of the declared costs) and can be used for essential costs, such as staff, real estate and rental costs, to ensure the company’s viability. Apply for support by the end of 2020.
– The support is intended for companies operating in the primary production sector that are directly affected by the corona crisis. These include, for example, specialized farms, reindeer farms and horticultural farms that sell their products directly to restaurants or other buyers and whose sales have been stopped or significantly decreased as a result of the corona crisis. Support can be between € 5,000 and € 10,000 from eligible costs (up to 80% of the costs declared). Apply for support by the end of 2020.
– Companies in the fisheries, aquaculture, fish processing and fish trade whose economic situation has deteriorated as a result of the epidemic are eligible. Support may be awarded for expenses necessary for the continuation of the business, such as salary and rental costs. The grant is eligible for € 3,000 to € 10,000 (up to 80% of the declared costs). Support can be applied for until the end of 2020.
– Cost support is intended for companies whose turnover has fallen significantly as a result of the coronavirus and which have costs that are difficult to adjust. The first application round ended on 31.8.2020. The second application round for cost support has started and will end on February 26, 2021 at 4.15 pm.
– Business Finland provides loan financing for long-term research, development and innovation activities to SMEs and midcap companies employing at least six people, as well as to foundations and associations doing significant business.
– Tesi primarily finances medium-sized companies with a turnover of at least EUR 10 million. € in 2019 and personnel in Finland more than 50 employees. The condition for receiving financing is that the business has been profitable before the corona crisis. Tesi’s investments range from 1 to 10 million euros. €
– Tesi invests in technology companies seeking international growth under the Venture Bridge program, which have already raised at least a seed round of venture capital from investors and have had to postpone the next round of investments as a result of the corona crisis. Tesi’s investments in the program range from 0.25 to 2 million euros.
– Under certain conditions, a company can also apply for a working capital loan directly from Finnvera. The amount of the loan can be 50,000 – 300,000 euros. The loan cannot be used to repay the financier’s existing receivables. The company’s equity must not be negative in the last official financial statements and the company’s credit information must not be in default. The business must have been profitable before the corona crisis, and the company must have sufficient debt service capacity.
– The significant caused by the Korona Finnvera can use export guarantees for short-term, less than two years to marketable countries until 31 December 2020. Private credit insurers are the most important providers of insurance in a market that complements Finnvera’s tasks
– Restriction compensation and aid for re-employment. The searches ended on 31.8.2020 and 31.10.2020. Read more about Restaurant Support:
– Development financing in the event of a disruption. Note! The search ended on 8.6.2020
– Financing for companies in the event of an emergency caused by a coronavirus. Note! The Korona funding application for ELY centers ended on June 8, 2020
Sources of financing for different stages of business:
– The start-up grant is support for a start-up entrepreneur. You can get start-up money:
if you are an unemployed job seeker
you are not unemployed, but you become a full-time entrepreneur, for example from paid work, study or domestic work
you are a part-time entrepreneur and expanding your business full-time
– Finnvera offers financing solutions for companies of different sizes, e.g. start-ups, growth and exports.
– Startup support helps you get started when you start your business. You can receive support for the measures in the establishment plan. An existing company can also receive startup aid if it enters into a completely new business. You can receive a startup support of between € 5,000 and € 35,000. The experiment can be supported from 2,000 to 10,000 euros. The aid is granted only to companies located in rural areas.
– Startups and expanding companies can receive investment support for, among other things, the acquisition or construction of production facilities, the acquisition of machinery and other fixed assets for intangible investments such as software, patents and manufacturing rights. The investment must be essential to the establishment, growth or development of the company.The investment must be essential to the establishment, growth or development of the company. Support levels vary by 20-40% depending on the sector and support zone. The aid is granted only to companies located in rural areas.
– If you are planning an investment, you can get support to find out its conditions and implementation. The aid is intended for the acquisition of expert services. With a feasibility study, you can find out, for example, whether it is more appropriate to acquire a finished production building instead of building a new one.
– Development aid is targeted at SME development measures and investments when a company starts up, wants to invest significantly in innovation, product, service or production method development, or seeks to grow or internationalize. Support max. 50%.
– Business development services are consulting and training services provided by the ELY Center that support the growth, renewal, internationalization and employment of SMEs. Current status analysis and development plan services (220 € / day) and consulting services (300 € / day)
– A development project carried out jointly by two or more actors, eg for the development, testing and piloting of products, product families, services, processes, supply chains and production. Support 60 – 80%. Support for joint training as well.
– For startup companies under five year, aiming at rapid international growth, to develop international business. Grant max. € 500,000, loan max. € 750,000 (max. 75% of costs) in three periods.
– Business Finland Venture Capital Oy invests in private equity funds that invest in Finnish startups.
– The main objective of energy aid is to promote the development of new and innovative solutions for the long-term transformation of the energy system into low carbon. Energy aid can be granted for such investment and clearing projects. Support for clearing projects 40 – 50% and Support for investment projects 10 – 40%.
– The material review allows the company to find out how much is lost in the company’s operations, what the price of the loss is and how it can be reduced. Material-efficient operations improve competitiveness, reduce the carbon footprint and are a concrete responsibility measure. Grant max. € 15,000 (50% support).
– The innovation voucher is intended for SMEs that have a new product or service idea with international growth potential and for which the company needs external know-how. With the innovation voucher, you can buy new information and know-how for your company. The value of the banknote is EUR 6,200 (EUR 5,000 + VAT). The innovation voucher has a € 1,000 + VAT self-financing contribution (regardless of the size of the project).
– Into funding allows an SME or start-up company to purchase expert services to strengthen innovation, acquire industrial property rights (IPR) or to hire an expert on a temporary basis from a research organization or a large company. Grant € 15,000 – € 200,000 (support 50%).
BUSINESS FINLAND – Research, development and piloting
– Business Finland finances SMEs with the ability and desire to grow in export markets, as well as challenging and innovative research and development projects of midcap companies that lead to international growth. With research and development funding, you can accelerate product development, innovate or develop completely new products, services, production methods or business models. With the funding, it is possible to test and verify the operation of the new solution with customers.
– Joint projects of research organizations and companies, development and implementation of a joint research idea. At least 2 companies, optimum 5-7 participants.
– Tempo financing allows a company to improve its capacity for international growth in various ways, to test, for example, the functionality of a business concept, to test market, to obtain feedback from potential customers and to map demand in new international markets. A prerequisite for receiving funding is e.g. competent team, credible financing and growth vision. Grant max. € 50,000 (75% support).
– Talent Explorer funding is intended for companies that are looking for new markets for their product, service or business model abroad by hiring an expert. The expert must have a good knowledge of the target market, as evidenced by, for example, knowledge of culture, language skills and target market networks. Grant max. € 20,000 (support max. 50%). Eligible costs are the wage costs of the person to be hired, including incidental expenses, and any travel expenses for the first 6 to 12 months.
– Market Explorer funding allows a company to purchase new knowledge and expertise and identify new potential export markets for an existing product, service or business model. The funding is intended only for the cost of purchased expert services. Grant 5,000 – 10,000 € (support 50%).
– Group Explorer funding is intended for groups of 4-10 companies to explore common business opportunities in the international market. Grant 2,500 – 20,000 € / company (support 40 – 50%).
– The EIC Accelerator is targeted at SMEs seeking strong international growth with high market and growth potential for innovation. The funding is intended to prepare for the commercialization of new, innovative products or solutions. Grant 0.5 – 2.5 mln. € (70% of the budget) to implement an international business plan: piloting, demonstration, building scalability. As an option, the capital applied for on the side of the grant can be used by the company, for example, for the activities of the commercialization phase of the innovation.
– Nopef provides Nordic companies with funding to evaluate and prepare international investments in non-EU / EFTA countries. In addition, Nopef supports projects aimed at commercial-scale demonstration and pilot projects for environmentally friendly technologies and solutions. Funding may cover up to 40% of the cost of pre-internationalization studies up to a maximum of EUR 50 000.
– Business partnership support is financial support for the planning, development, training and piloting phases of projects in developing countries. A Finnish company or other operator can apply for support for long-term, commercially co-operative and commercially profitable activities, including the import investigation and training phases. Projects must aim for long-term business and partnership in the target country.
– Finnfund provides capital, mezzanine financing and loans to companies operating in developing countries. The criteria are e.g. financial viability, responsibility and development impact.
Other useful links for entrepreneurs during the Corona period:
FINNVERA – Corporate financing needs
GOVERNMENT AND MINISTRIES – Guidelines for companies in the event of a coronavirus situation / summary page
ENTREPRENEURS – Information package for enterpreneurs
TAX ADMINISTRATION – Tax administration services for companies and organizations
TE Services – Unemployment security, lay-offs, redundancies and changes in the start-up period
KELA – This page contains information on how the coronavirus situation (COVID-19) affects Kela’s subsidies and services
TYÖTERVEYSLAITOS – Finnish institute of occupational health – Instructions for workplaces to prevent a viral epidemic
We constantly monitor the development of the situation and also provide information on various social media channels such as Facebook, Instagram and Twitter.