The purpose of startup grants is to encourage new businesses and promote employment. The grant provides an entrepreneur with a secure income during the time that getting the business up and running is estimated to take – however for no more than 18 months.
You may be eligible for a startup grant if
The startup grant will only be granted by the TE Office once it has been established that enterprising is a suitable option for the applicant to employ him/herself.
Preconditions for receiving the grant include
Submit your application for a startup grant to the TE Office using the online services or the Ministry of Employment and the Economy's form on which you provide information about your enterprise's business and financial plan and other details. See the links on the right.
The startup grant consists of
The supplementary amount may not exceed 60 per cent of the basic grant amount.
The decision on whether or not to award a startup grant to an applicant is made by the TE Office. Such factors as the competitive situation of companies in the relevant sector and the need for new enterprising in the area are taken into consideration when making the decision.
The TE Office provides information about training intended for those planning to start a business. Flexible combinations of startup grants and entrepreneur training are also available.
For example, you can start in the training while you are receiving a grant. The TE Office organises free training for new entrepreneurs as labour market training. Suitable training is also provided by the ELY Centres and many educational institutions.
The provisions on the startup grant are contained in the Act on Public Employment and Business Service and a Government Decree.
Information about public business services can be found on a single website in the My Enterprise Finland service. The service contains information, tools, service directories and online services for both new and established companies. For example, you can draw up your business plan using the tools provided by the My Enterprise Finland service and use this information to apply for a startup grant.