Take your idea into action with Think Company Fund
Hey community member – did you know that you have the opportunity to apply for a grant for starting your business from Think Company Fund.
We offer grants for promising, early-stage teams that stem from Helsinki Think Company community. You can apply for a grant up to 2500 euros (max. 850 € / person) to get your business going, or for a grant of 500 euros to test and validate your business idea.
The grants will be open for application twice a year and they will be given based on written applications and pitches. The board of Helsinki Think Company will invite the chosen teams to the pitching night and after that chooses the teams who receive the grant. The grant can be admitted only for teams who have sent their application on time and participated in the pitching night.
Criteria for receiving the grant
The grant up to 2500 euro will be awarded against the following criteria:
Promising business idea
The team must have a promising idea that has realistic business potential, and a clear and defined business model.
Commitment and the use of time
The team has a realistic view of how much time, effort and work the project requires and they are committed to these requirements.
The team must be in an early startup phase and the company must exist legally.
Relation to Helsinki Think Company
The team must be related to Helsinki Think Company either so that it has taken part in one of our programs or challenges, or that the team is part of Helsinki Think Company community, for example by regularly using the services such as co-working spaces.
Make a pilot with smaller grant
You can also apply for a 500 euro test grant with the same criteria. However, the 500 euro grant can be awarded for teams whose business model is not completely defined and which want to pilot their idea with the grant. A concrete plan outlining how the idea will be validated and executed, and how the fund will be used is required.
Team is required to report after 6 months what they have achieved with the grant. The report can be used as a material in Helsinki Think Company’s communication and marketing. If the team doesn’t withdraw the grant within 6 months from awarding the grant, the money will return to Think Company Fund.
Application period for spring begins 3 June and ends 14 June. Appy here! All applications will be considered case by case using the previous criteria. Riia Ranta, Chair of Helsinki Think Company will answer to additional questions.