Financer: Runar Bäckström foundation 
Purpose: To encourage and support inventions that are beneficial to Finnish businesses and thereby strengthen their global competitiveness. Grant is to be applied once a year. In 2019 the foundation granted total of 195 000 euros for 15 different applicants.
Terms: The invention supports the Finnish industries, the idea works in practice, and has commercial potential. Individuals, work groups, companies or associations can apply for the grants. There are no formal qualifications for the grantees, such as a certain academic degree.

Tags: Business Grants and non-financial support Discovering and Ideating