Projects Qualifying for the Support Facility and Project Phases
- establishing a joint venture (e.g. production or services)
- establishing a subsidiary company (e.g. production or services)
- subcontracting (e.g. manufacturing or services)
- importing from a developing country (project with commercial market potential and developmental impacts which boosts developing country import to Finland and possibly to other countries)
- other long-term business partnership in a developing country designed to sustain business activities related to, for example, long-term subcontracting or maintenance, franchising or licensing agreements
- pilot projects related to commercial/merchandised technology or solutions
- vocational education and training, and support for local education.
Business Partnership Support does not cover expenses associated with exporting or projects, which are associated with locating an agent or a distributor for a Finnish exporter. Certain phases of export projects can be supported when they involve long-term commercial cooperation with a company or an organisation in developing countries, and transfer of technology/know-how, for example in the case of long-term operation and maintenance contracts between Finnish and developing country actors. In such a case, e.g. identifying a developing country partner and training of developing country employees can be supported.
The exclusion list includes projects/sectors that Finnpartnership will not support.
The support covers approved expenses incurred in the following phases of a project:
- identifying business partners
- pre-feasibility study
- feasibility study
- social and environmental impact assessment
- piloting technology and solutions
- business plan
- training of the employees in the target developing country
- utilising experts in developing a specific business area of a project
- vocational education and training, and support for local education.
Business Partnership Support can be applied for the above-mentioned phases either at several stages or all at once.