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Business Finland

FI

Business Finland is a public organization under the Finnish Ministry of Employment and the Economy that provides funding for innovation and attracts trade, tourism, and foreign investment to Finland. In the space industry, Business Finland funds space research and startups under programs like the New Space Economy program, with the goal of making Finland an attractive environment for space businesses. It coordinates and finances Finnish participation in the European Space Agency (ESA) and aims to increase the use of space technology in other business sectors, fostering collaboration between space and non-space companies. Associated keywords include: space economy, ESA, funding, innovation, and startups.

gov civil
Finland
www.businessfinland.fi/
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All verified mentions of this organization in source documents.

Business Finland approved a $33 million grant to Iceye for expanded radar satellite production and research and development into optical and RF monitoring.

FinancialCapabilityGrowthGeneralValue 4.6Jun 1, 2026Business Finland OKs $33M grant to Iceye for expanded radar satellite production and R&D into optical, RF monitoring

ReOrbit’s technology is supported by Business Finland, the European Space Agency, and the European Commission.

GeneralValue 2.0Aug 26, 2024ReOrbit Completes PDR Phase for UKKO Mission

Kuva Space has raised $24,000,000 in total funding from Morrow Portfolio, Voima Ventures, Nordic Foodtech VC, Earth VC, VTT Technical Research Centre of Finland, ESA Philab, and Business Finland.

FinancialRelationshipsValue 4.0Feb 8, 2024Kuva Space appoints Jerry Welsh to spearhead U.S. expansion

Kuva Space has raised €6.5M in total funding from Reaktor Ventures, Voima Ventures, Nordic Foodtech VC, VTT Technical Research Centre of Finland, and public funding from ESA Philab and Business Finland.

FinancialRelationshipsValue 4.5Jun 20, 2023Kuva Space Secures €5M Commercial Contract to Provide Hyperspectral Data Services for Copernicus Program

Kuva Space has raised 6,500,000 EUR in total funding from Reaktor Ventures, Voima Ventures, Nordic Foodtech VC, VTT Technical Research Centre of Finland, and public funding from ESA Philab and Business Finland.

FinancialRelationshipsValue 4.5Jun 19, 2023Kuva Space awarded millions of euros with a commercial contract as the sole provider for Copernicus hyperspectral data services

Kuva Space has raised €6.5M in total funding from Reaktor Ventures, Voima Ventures, Nordic Foodtech VC, VTT Technical Research Centre of Finland, and public funding from ESA Philab and Business Finland.

FinancialGrowthRelationshipsValue 4.5Jun 19, 2023Kuva Space gets five-year Commercial Contract Worth €5M

ICEYE counts the 10,000,000 EUR Business Finland grant as part of its Series B, bringing the Series B total above $45,000,000.

FinancialValue 4.0Dec 14, 2018Business Finland gives ICEYE 10 million Euros

Business Finland’s Growth Engine is a fund designed to support cooperative networks capable of generating new activity worth more than one billion Euros.

FinancialGrowthValue 3.2Dec 14, 2018Business Finland gives ICEYE 10 million Euros

Business Finland awarded a 10,000,000 EUR grant to ICEYE on 2018-12-14.

RelationshipsFinancialValue 4.6Dec 14, 2018Business Finland gives ICEYE 10 million Euros
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