Finnish Startup Permit Eligibility 1 (5)

Statement Request

13.3.2018

Finnish Startup Permit Eligibility Statement Request

1 Instructions

Before submitting the Finnish Startup Permit application to the Finnish Immigration
Service, you must request an Eligibility Statement from Innovation Funding Agency
Business Finland. There are no set deadlines for submitting the request.

Please read carefully the instructions on the Business Finland web site at
https://businessfinland.fi/en/startuppermit/

Use this template to describe your business plan. Follow the instructions in each
chapter.

In order to be eligible for the Finnish Startup Permit the founders must have a concrete
plan to setup a fast growth startup company in Finland. Business Finland assesses,
whether the business model, team and resources shows potential for rapid international
growth. The assessment will mainly be based on the information provided in this
document and in its attachments.

If you have additional prepared material that could be useful for evaluating your
business plan, please feel free to include any such material as an attachment.

How to submit?

Submit your Eligibility Statement Request to Business Finland using the secure e-mail
service available at:

https://asiointi.businessfinland.fi/suojaposti

When sending the document, please select Other issue in the Message Subject: drop
down menu and write the text Eligibility Statement Request in the text box
underneath. Then fill in the mandatory fields on the page, attach the relevant
documents, and hit the Send button.
2 Founders

Fill in names, nationalities, and passport numbers of each founder. At minimum two founders
are required. List the main contact first.

Include the e-mail address of the main contact. The main contact must be one of the founders.
All communication between Business Finland and the applicants takes place via the main
contact.

To add rows to the table set the cursor to the last cell and hit the TAB key.

Name Nationality Passport

Number
Main contact:

E-mail address of the main contact:

Telephone number of the main contact:

Other founders

Name Nationality Passport

Number

3 Mandatory attachments

Provide the requested attachments as separate files. Do not include in this file.

1. Good quality scanned copies of the passports of all founders. Business Finland
must be able to identify the persons based on the passport copy.

2. CVs of all founders

4 Business idea

Short executive summary style description of the business idea. Elevator pitch.

5 Need

What is a customer need you plan to satisfy?

The need should relate to an important and specific client or market opportunity.

State clearly the targeted market.

6 Approach – Offering

What is your compelling solution to the specific customer need

Describe the product and/or service you plan to develop

What is your business model?

7 Approach - Go to market plan

Describe the accessible market and the market size you are aiming at

What is your go to market plan?

What is you long term growth opportunity and plan?

8 Benefit

Describe the concrete and unique benefit your approach provides to your clients.

Quantify the benefit.

9 Competition

What are the alternative approaches?

Who are the main competitors?

Why your solution is better and represents the best value to your clients?

10 Team plan

% of ownership role of each founder

Possible other planned resources, their roles, and competencies

Timeline of building up the team

11 Current status

Describe what you have done so far and what is ready by now?

Do you have any existing intellectual property concerning your business idea (e.g. designs,
source code, algorithms, business models, etc.)? Specify.

Do you or your team already have registered intellectual property (e.g. patents, trademarks,
etc.)? Specify.

Who has the ownership and title to the intellectual property?

Do you already have any demos, prototypes, customer contacts, plans for piloting, installed
pilots, initial deals, etc.?
12 First 12 months

What is your plan for the first 12 months of operation?

Describe the main tasks and activities of your initial plan.

What will be ready after the first year?

Be specific.

13 Initial funding

What is your plan to fund the seed phase of your company?

What is your estimated need for funding for the first year of operation? Show a rough cost
breakdown.

How do you plan to secure the necessary funds?