Financing Mechanism

Specific tools portfolio that has the purpose of bridging the financing needs of innovation actors, particularly of private and public companies, with the financiers’ services and requirements in order to speed up market commercialization of innovative solutions. Financing Mechanism represents financing options and is structured in accordance with the following innovation development phases:

1. Discovering and Ideating 

For innovative ideas that require financing for the first prototype, business concept, or business plan development. This phase is aimed at companies and individuals e.g. innovators, students, seniors etc. with need of more information regarding financing and starting a business, or preparing a viable market analysis

2. Designing and Prototyping 

For user testing, from prototype in to a product development, production and marketing processes, and e.g. IPR acquiring

3. Assessing and Going to market

For turning products and services in to businesses and entering the market. For marketing, distribution and other important processes required for operating a business (equipment, machines, software, human resources, spaces etc). This phase serves also well-established companies with the need of financing to enable growth

4. Scaling up and Networking

For start-ups and established companies with the aim of entering new markets and scaling up their business. Financing opportunities for market studies and validation, product, service or concept localization, consultation for internationalization, IPRs, patents etc