Product Development Funding - apply now!
Product Development Funding of the 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.
Next Product Development Funding event will be on Apr 14, 2025. Apply no later than Mar 31, 2025. 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 budget is prepared with VAT 0% prices.
