- Number of employees < 5
- Turnover < 10.000 €
- Life cycle phase: initial stage
- Investment need: moderate
1 PROMISING STARTUP IDEA
During her studies, Stina comes up with an idea of an internationally scalable technology solution and assembles an enthusiastic team around her. Stina takes part in the activities of Y-kampus and Tribe Tampere. Through the entrepreneurship and innovation collaboration, she gains support and the right tools to bring the idea into reality.
2 PUBLIC SERVICES TO SUPPORT THOSE CONSIDERING ENTREPRENEURSHIP
Stina makes an appointment at the ELY Centre, for example. The business advisor is specialised in the commercialisation of innovations and the financing of growth.
3 DEVELOPING THE BUSINESS IDEA
Stina explores the Startup Tampere website, participates in startup events and joins the Startup Tampere Slack channel. During the initial phase, the team tests and develops the idea, finds the first customers and builds contacts with funders.
More information on business ecosystems that boost the development of new products, services and markets is available here.
Exploring the relevant service providers collectively is a good idea when you want to develop your business and seek growth for your company.
4 GATHERING INITIAL FUNDING
Convinced of the solution’s potential, the team decides to establish a limited company. The initial funding is collected with help from friends, family members, first mentors and investors.
Stina calls Tuomas Maisala at Business Tampere’s financial helpdesk.
Read more about the funding solutions, Business Tampere’s financial helpdesk and the TE Centre’s Yrittäjyysbuusti (Boost for entrepreneurship) service.
5 GAINING CUSTOMERS
The team meets with potential customers and develops the business idea further based on their feedback. Customer may also be found at business events.
Keep an eye on the business events calendar.
6 PUBLIC BUSINESS AND FUNDING SERVICES
Stina wants to speed up her company’s entry to the market. The specialists working for the ELY Centre’s development services provide assistance in marketing and productisation, for example.
Stina considers the ELY Centre’s development allowance and Business Finland’s Tempo financing.
Business Finland grants Stina funding for the planning of international growth, on the condition that she can secure the self-financing portion.
A comprehensive collection of the relevant business services can be found on this page. Pick the best ones!
Does your business require public support and financial aid? Read about the options in more detail.
7 PRIVATE EQUITY FUNDING
Some self-financing is required to gain public funding, so Stina sends her information to the private angel investors of the FiBAN network. She is invited to FiBAN’s monthly Pitch Finland event to pitch her idea to the FiBAN network angel investors. Stina also sends a presentation of the company and some basic information to the early-stage private equity funds. The search for private funding is successful. Business Finland grants Stina funding for the planning of international growth.
Read about the phases of startup funding.
Read more about investors.
Stina applies for the Nordic Startup School to internationalise her company’s operations and participates in the Pirkanmaan Kasvupolku business sparring activities.
Read about Business Finland’s funding for internationalisation.
9 INTERNATIONAL GROWTH
The hard work is rewarded! Stina’s startup grows into an international company and seeks partnership with a large company. Vertical coordinates collaboration between large companies and startups in the Tampere region.