Exciting funding opportunities for our Finnish and Swedish ecosystems and members

Exciting funding opportunities for our Finnish and Swedish ecosystems and members
Ecosystems, Funding
Funding news

Call description

The Republic of Korea, Finland and Sweden actively participating in Eurostars jointly announce a Promotional Call for Project Ideas within the Eurostars programme. The main objective of this call is to stimulate the generation of Eurostars projects. The call focuses on developing innovative products, applications and services with a strong market potential. Although Eurostars calls are open for projects within all technology areas, this promotional call specially focuses on:

  • Smart Mobility
  • Smart Industry
  • Circular Economy
  • Smart Health
  • Smart Energy

Key dates

  • Opening of the Call: the 18th of September 2019
  • Brokerage Events:
  • Submission of Project Outlines:
    • For Eurostars 2019 cut-off 13 free until 13 of November 2019, earlier dates recommended.
  • National comments to submitted Project Outlines are given within 4 weeks from submission
  • Eurostars call deadline:
    • Cut-off 13: The 13th of February 2020, 20:00 CET
    • Cut-off 14: The 3rd of September 2020, 20:00 CET

Eligibility criteria

Applicants will be invited to present proposals according to the Eurostars criteria:

  • The main applicant (the co-ordinator of the project) is an R&D performing SME.
  • The project consortium should consist of at least 2 partners from two different countries.
  • The lead organization of the consortium must be an R&D performing SME. Other SMEs, large enterprises and research institutes/universities are welcome to participate as additional participants or subcontractors.
  • At least 50% (excluding subcontracting costs) of the project must be performed by the participating R&D performing SME(s)
  • Industrial and innovation actors from other countries may also participate, as long as they are funded through their own national (Eurostars) schemes or participate with own resources.
  • One country or one partner cannot represent more than 75% of the project budget. 

The proposals will be submitted to Eurostars in February 2020. The national funding bodies KIAT, Vinnova and Business Finland will give their comments to the applicants if they present a Project Outline during 2019 (phase 1).

Submission and approval procedure

Project Outline commented [Phase 1 – optional]
In order to check the eligibility of your project and to assist you with improving your application, we advise you to share a short description of your application, using the project outline form, with the Eurostars contact persons from the Republic of Korea (KIAT), Finland (Business Finland), and Sweden (Vinnova). The project consortium shall decide who will be the main partner, and the main partner sends the joint project outline to the national Eurostars contacts at KIAT, Vinnova and Business Finland.

The project outlines are received until the 13 of November 2019, but applicants are invited to submit the project outlines as early as possible. The applicants will get a short feedback from their national organisation within 4 weeks. This feedback is meant to improve the chances in the Eurostars Call.

Link to the project outline form : ‘click here’

Full Eurostars application [Phase 2]
In order to submit the full application, you must register on the Eurostars website and upload your proposal directly in the Eurostars application platform, latest on the 13 of February 2020 at 20:00 CET. (Or, you can delay your application to the next cut-off date in September 2020.)

The Eurostars application is submitted by the main partner on behalf of the consortium. The application shall be evaluated in the general Eurostars evaluation, independently from the project outline comments given by KIAT, Vinnova or Business Finland.

Link to the Eurostars application form:

Funding details

Funding for Korean, Swedish and Finnish applicants

We are keen to facilitate collaboration between SMEs in the Republic of Korea, Finland and Sweden, but there is no specific budget dedicated to this. The funding comes from the respective national budgets for Eurostars. Full proposals submitted will compete against any other proposal submitted within the Eurostars programme.

The Republic of Korea, Finland ans Sweden will fund its eligible participants within the Eurostars framework. The funding conditions and eligibility criteria are those each country has declared for Eurostars projects. Here are the main aspects of the funding criteria:

The Republic of Korea

Every consortium should include at least 1 SME or Mid-tier company which has been in operation more than 1 year and received corporate R&D center accreditation by the government.

Project funding is comprised of government contributions and civilian dues (cash and in-kind). The amount of government contributions will vary depending on the type of executing organizations and project in accordance with Article 24 (Funding criteria) and Article 25 (Civilian dues) of the Common Operational Regulations for the Industrial Technology Innovation Programs. (see:

A party that participates in a project shall carry out its project using the government contributions allocated to it, and for-profit organizations shall individual bear the cash portion of civilian dues.

ClassificationShare of government
contributions in executing organization’s project budget
Share of cash in
executing organization’s civilian
Large company33% or less60 or more
Mid-tier company50% or less50 or more
SME67% or less40 or more
Other100% or lessTo be borne if necessary


Business Finland encourages Finnish SMEs and Midcap companies to internationalisation and growth. This is the driver for Business Finland’s participation in Eurostars. Finnish participants have to contribute to that goal directly or indirectly in order to be eligible partners. For Finnish partners in Eurostars this national rule of funding only growth companies is applied.

The Finnish participant organisation will have to justify its financial situation and strategic position with adequate documents. Before contract the organisation will have to give a project plan describing its own work as part of the Eurostars project, to be attached to the contract.

Type of organisationFunding % of
eligible costs
Maximum Financial Support
(in €)
Additional information
R&D performing SME50%
R&D performing Midcap enterprise40%Midcap = large company with
less than 300 M€ turnover.
Other R&D performing organisation40%60.000 €
University or Research institute60%120.000 € – 60.000 €120.000€ max is applied when 2Finnish R&D
performing SMEs participate, 60.000€ max if 1 or none.


  • SME 50%

Maximum joint funding to all Swedish partners in a project is SEK 5,000,000 if a Swedish SME participates and SEK 2,000,000 if no Swedish SME participates.

A participating SME has to verify that their financial situation, in terms of equity or annual turnover, is equal to at least half of the requested project funding.

Article source:


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