Growth Enterprises
Services for growth enterprises
According to the OECD and EU definition, growth enterprises initially employ at least 10 people, with annual growth in the number they employ over the next three years averaging more than 20 per cent.
Tekes, ELY Centres, Finnvera plc, Finnish Industry Investment Ltd and Finpro provide public financing, expert and networking services for launching business and developing it further.
The Ministry of Employment and the Economy and the aforementioned parties have introduced the Growth Channel service model to ensure that companies venturing into international business have rapid access to services that meet their needs. To enable enterprises to grow, Finpro provides expert services supporting their entry into international markets. ELY Centres seek and evaluate inventions and innovative ideas by private individuals and start-up companies, and assists in developing them for business purposes.
The Vigo accelerator programme for dynamic start-up companies provides enterprises that have the highest potential for development and internationalisation with top-notch accelerator services. It also offers them expertise in business development and in entry into international markets. ELY Centres provide diverse support and advice for enterprises at the establishment and start-up stage.
For this enterprise segment, Tekes offers funding for young innovative companies, while Finnvera focuses on financing targeted at SMEs' working capital and exports, and investments. It provides venture capital for new innovative companies. Finnish Industry Investment promotes the growth and internationalisation of companies by means of capital investments and through international networks.
The EnterpriseFinland website contains information on public business services, provided by MEE Corporate actors and other parties.
Growth entrepreneurship policy forms part of the European Union’s more extensive entrepreneurship and innovation policy. The aim is to establish growth entrepreneurship as a permanent part of this.
MEE Growth Company Review 2011, figures in English (pdf) (936.8 KB)
