Entrepreneurs

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Let's talk about Business Finland.

Business Finland offers Finnish companies a unified customer journey for innovation activities, internationalization, investments, and tourism promotion. Business Finland is run by the Finnish government, where they fund innovative projects. They help new companies grow on a global scale by supporting and funding them. To read more, click here. Business Finland has funding opportunities from…

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Category:   Business Finland
Source:   Business Finland

What can you tell me about investors?

An investor is a person who believes in your product or services and is convinced that your company will do well in the long run. So they say they’ll pay you a certain amount of money in exchange for a percentage of your company. This investment money can help you further develop your product and pay your salary. What the money can be used for may have limites, depending on the investor. Of course…

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Category:   Investing
Source:   Earner

Anything else about bank loans?

Yes, don’t forget about the Finnvera Start Guarantee. The Start Guarantee is intended for newly launched enterprises that are owned by private individuals and meet the SME definition applied by the EU. Another criterion is that no more than three years has passed since their entry into the Trade Register. Start Guarantee can be granted for Finnish companies or registered private entrepreneurs but…

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Category:   Business Loan
Source:   Finnvera

What about that Nordea loan?

Sometimes you just have to take that loan. Fortunately there are resources available. As an entrepreneur hoping to get a Nordea bank loan, there are some things to consider. According to Nordea representatives, it strengthens your chances of getting that loan if you already have customers for your business. Why? Simple. If your company has some income, then it’s less risk for them and it shows…

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Category:   Business Finland
Source:   Business Finland

Can I start a business while I'm unemployed and receiving Kela benefits?

If you decide to start a business while unemployed, you can still continue to receive unemployment benefit payments for another 4 months. The Kela unemployment benefit is affected by the income from your self-employment, which means the more money you make from your business, the less money you get from Kela. You will need to report your self-employment income in the unemployment status report. To…

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Category:   Entrepreneurship
Source:   Kela

Tell me more about the Startup Grant (Starttiraha).

The purpose of startup grants is to encourage new businesses and promote employment. The grant provides an entrepreneur with a secure income, however the startup grant doesn’t last longer than 12 months. Startup grant eligibility leans more towards people who will eventually quit their job and focus full time on entrepreneurship. To learn more about the startup grant, eligibility, and necessary…

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Category:   Startup Grant
Source:   TE Palvelut

What are the Three Fs?

Friends, family, and fools. Friends and family members may want to help out your business by lending or giving you money. In some cases they may want to invest and/or get equity for helping you out. In short, welcome to crowdsourcing. In crowdsourcing, you collect funds from a larger group of people who have a vested interest in your success. Each year between 35-40% of startup ventures receive…

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Category:   Entrepreneurship
Source:   Earner

What financial resources are available to entrepreneurs?

The Three Fs (Friends, Family, & Fools) Startup Grant (TE-Palvelut) Funding from Business Finland A loan for Nordea Investors/Angel Investors

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Category:   Entrepreneurship
Source:   Earner

What is the Tempo Grant?

The Tempo Grant, provided by Business Finland, is intended for Finnish startups, SMEs and mid cap companies aiming for international growth that have the desire and ability to build their expertise and solutions into an international success story in innovative ways. Innovation can mean a lot of things, not just the technical implementation of a product or service. The result to be achieved must…

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Category:   Business Finland
Source:   Business Finland