# Business Finland

Business Finland is a Trade and Investment Promotion, Innovation Funding, Travel Promotion, Talent Attraction based in Helsinki, Finland.

## Overview

- **Organization type:** Trade and Investment Promotion, Innovation Funding, Travel Promotion, Talent Attraction
- **Headquarters:** Helsinki, Finland
- **Region:** Europe
- **Address:** Helsinki, Finland
- **Assets under management:** Undisclosed
- **Website:** businessfinland.fi
- **LinkedIn:** https://www.linkedin.com/company/business-finland

## Regulatory record

- **Reports private funds:** No

## About

Business Finland is a Finnish public organization that provides innovation funding and growth services to Finnish companies. It promotes tourism and investments and attracts international talent to Finland. Its task is to develop Finland into a highly attractive and competitive environment for innovation, investment, visitors and skilled professionals. It supports companies with funding, information, advice and networks for internationalization and business development.

## Sectors

- Enterprise Software
- AI/ML
- ClimateTech
- Digital Health
- Industrial Tech
- Energy Transition & Renewables

## Offices

- London, United Kingdom

## People

- Nina Kopola — Director General

## Questions

### How is Business Finland structured in relation to the Finnish government?

Business Finland operates as a government agency under the Ministry of Economic Affairs and Employment. It was created from the 2018 merger of Tekes and Finpro, consolidating innovation funding and trade promotion. It reports to a board appointed by the government but maintains operational independence in funding decisions.

### Does Business Finland take direct equity in companies?

Yes. Through its investment arm, Business Finland participates in venture rounds for Finnish startups alongside private VC funds. It has backed companies such as IQM Quantum Computers and Solar Foods. Its capital supports pre-seed to growth stages, making it an atypical government funder with an equity-focused model.

### What is the scope of Business Finland's overseas operations?

Business Finland maintains roughly 40 international offices, with a notable presence in London to cover the UK and Ireland. Its network supports Finnish companies entering foreign markets and attracts foreign investment into Finland. Offices in China, the US, Southeast Asia, and the Middle East extend its global deal flow.

### Which sectors receive the most funding from Business Finland?

Deep tech, cleantech, digital health, and industrial technology receive significant attention. The agency has prioritized quantum computing, synthetic biology, and circular economy innovations. Its cleantech fund, launched in January 2024, specifically targets renewable energy and carbon reduction technologies.

### How does Business Finland differentiate its funding model from typical government grants?

Business Finland blends grants, loans, and direct equity investments. It often co-invests alongside private venture firms, taking direct stakes rather than solely providing non-dilutive grants. This market-shaping posture positions it closer to a venture investor than a standard trade council.

## Related profiles

- [Compound Financial](https://altss.com/profile/compound-financial)

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Updated: 2026-08-11T15:06:20.694Z

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