According to Tekes (the Finnish Funding Agency for Innovation), Finland is achieving well its objective of receiving up to 1,3 billion euros of EU funding for research and innovation by the year 2020. By February 2017, Finnish universities and other organisations had applied and received 443 million euros from the Horizon 2020, the biggest EU Research and Innovation programme ever with nearly €80 billion of funding available over 7 years (2014 to 2020).
The competition for research and innovation funding is tough: 13,37 % of applications from Finland have been successful during this programming period. Applying for funding is a demanding process that requires sufficient resources in terms of time, networks, knowledge and dedication. The number of successful application has grown since September 2016 when the corresponding figure was 12,85 % of all application, according to Tekes.
Out of the total amount of 443 million euros coming to Finland, 31 % is allocated to companies which signals a substantial increase compared to the previous funding period with 19 %.
In order to see how much allocation a country, organization, or a project has received from Horizon 2020 programme, Vinnova’s visualisation tool helps you to find all information online. For more information about the Horizon 2020 and EU’s research and innovation funding, click here.