Get up to €6,000 to Build and Test Your Startup Idea in Turku
Deadline for next round of funding is 1.6.2025 at 23.59
Proof-of-Concept Grant in Turku
Pilot of the Proof of Concept (PoC)Grant in Turku, aimed at strengthening the early development and assessment of commercial viability of student- and researcher-driven business ideas emerging from Turku-based higher education institutions (University of Turku, Åbo Akademi, Turku University of Applied Sciences, Yrkeshögskolan Novia, HUMAK). The piloted model aims to test and commercialize innovative business ideas that have potential for new kinds of growth.
Model Description
Funding: Individual Proof of Concept (PoC) grants are up to €6,000 per idea.
Total Budget: The City of Turku has allocated a maximum of €40,000 for PoC grants in 2025. A separate decision will be made regarding the continuation of the pilot and its funding beyond 2025.
Funding Source: The funding comes from the City of Turku’s existing RDI (Research, Development and Innovation) voucher system, which has an annual budget of €100,000.
Application Process: The process is coordinated by a dedicated steering group consisting of representatives from Business Turku, Boost Turku, and Monttu Ventures. The steering group proposes selected business ideas for funding to the City of Turku’s vitality leadership team. Funding decisions are made 2–3 times per year in the future.