For what purposes is the assistance or funding intended?

Funding from the Foundation for Finnish Inventions is intended for the development and commercialisation of innovative ideas or inventions.

At the initial evaluation stage, the Product Track team can commission novelty searches and market surveys to back its evaluation work. Once the idea or invention has progressed to the development stage, more in-depth surveys concerning IPR strategy and patentability as well as competitor mappings and market studies can also be carried out. These are considered indirect assistance, i.e. the inventor is not granted funding.

During the development stage, the Foundation may grant support funding for the idea or invention to cover, among other things, patenting, building a prototype, testing of the technical and commercial performance and product development. Funding may also be granted for consulting an experienced business advisor, who will provide support and guidance in establishing, growing and internationalising the enterprise.