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Business Finland Young Innovative Companies (NIY)

Young Innovative Companies (YIC) — Phase 1

Funds high-potential young Finnish startups with promising international expansion potential and innovation readiness.

ClosedBusiness FinlandFinland

YIC Phase 1 is the first-phase grant of Business Finland's three-phase Young Innovative Companies funding package. It provides EUR 250,000 as a grant for the most promising Finnish startups under 5 years old with significant turnover from scalable business and a track record of growing international business. Business Finland's funding covers up to 75 percent of project costs. The grant is paid re

Finnish startups under 5 years old with demonstrated business model functionality, paying international customers, and capacity for rapid international scaling.

CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.16 weeks
Project durationiHow long the funded work is expected to run.
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Grant
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.25%
Funding pooliThe total budget available across all awards in this round.

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Last verified: 29 Jul 2026Source: www.businessfinland.fi