Product Development Funding

Fri 25.09.2020
klo 08:00 - 15:00

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Purpose of the funding:

Product Development Funding of Startup Factory is meant for students, researchers and education organizations personnel to invent new products and services and to start developing or further developing them.

The funding can be used, for example:

  • for testing
  • purchasing supplies
  • tools
  • expertise.
  • The funding is only for new ideas – companies cannot apply for the funding.
  • Please note that the funding cannot be granted to cover the salary costs or the purchases of such items that would be recorded in the balance sheet of a future company (trademark, equipment, or tools, for example)

To get the funding, the Product Funding board evaluates the business potential, the project plan, and the plan of using the fund as well as the presenter’s own commitment to the project. The amount of funding is from 500 to 1000 euros.


The product development funding is intended for the students and personnel (including grant researchers) of University of Jyväskylä, JAMK University of Applied Sciences, and Gradia.


Fill form (bellow) to apply to the Product Development Funding event on Fri 25.9.2020. Fill in your information and write a short description of your project! To apply for the funding, you must prepare, in advance, a 10-minute presentation of your project that is presented to an evaluation panel (approx. 5–7 people). Application period ends on Thursday 17.9.2020Those selected will be informed about the selection separately on Fri 18.9.2020 and they get an invitation and instructions.

Selection criteria:

The application criteria for the funding include business potential, a concrete project plan and funding targets, and the commitment of the owner of the idea to keep promoting the business operation after the funding period.

Contact info:

Katriina Lahtinen, Startup Factory

Fill form to apply to the Product Development Funding!

More info

Katriina Lahtinen

service designer & service design coach

040 529 5783

All rights to changes reserved.