Organization : Ministry of Employment & Economy
Type of Facility : Apply For Startup Grant
Country: Finland
Apply For Startup Grant :
A startup grant supports a new entrepreneur :
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.
Related : Enterprise/ Ministry of Employment & Economy Start-Up Support For Companies Finland : www.statusin.org/8299.html
You may be eligible for a startup grant if:
** you are an unemployed jobseeker
** you are not unemployed, but you are setting up as a full-time entrepreneur after a period in paid employment, education or domestic work.
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:
** being a full-time entrepreneur
** having adequate capabilities for the intended business
** having potential for continued profitable operation
** the grant is necessary for the entrepreneur’s survival
** the business is only started after the grant has been awarded.
How to apply for a startup grant:
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:
** a basic grant, which amounts to EUR 32.80 a day in 2015
** a supplementary grant, the amount of which is decided case by case at the discretion of the TE Office.
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.
Training for new entrepreneurs:
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.
My Enterprise Finland service on the web:
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.