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Product Development Funding

Present your idea to us and apply for Product Development Funding!

Do you have a great idea that you would like to test in practice? Does the lack of funding stop you from carrying out a test, building a prototype or ordering a review? The objective of the €500–€1,000 Product Development Funding is to inspire the students, researchers and staff of Jyväskylä University of Applied Sciences and University of Jyväskylä to invent new products and services and test them.

Please note! This funding cannot be applied for by a company and the funds cannot be used to pay wages. Funding is not available for procurement that would become the property of a potential start-up. (trademark, equipment, code or tools, for example).

For what purposes can Product Development Funding be applied for?

The Product Development Funding can be applied for implementing tests on or reviewing initial-stage ideas, e.g. for purposes such as
  • prototype tests
  • purchasing supplies
  • IPR reviews
  • making demos

Funding can be applied for to sums of €500–€1,000. The budget is prepared with VAT 0% prices.

How can I apply for Product Development Funding?

Instructions for applying:

The Product Development Funding can be applied for four times during a school year. You can apply for the funding with a separate form and by preparing a 10-minute presentation of the company in advance, to be performed to the jury of 5–7 people consisting of the personnel of the Startup Factory and the educational institutes involved.

Get more detailed instructions for preparing the presentation by email

Assessment criteria:

The Product Development Funding jury will assess the inventions/business ideas based on such factors as their novelty, inventiveness and business opportunities. Applying does not require you to be able to pay for a share of the funding.

Are you ready to apply?

Check when the future Product Development Funding jury meetings will be held and register to join

Do you need more information?

Please contact the contact persons of your educational institute.
Riku Ojanperä JAMK

Riku Ojanperä JAMK
Jarno Mikkonen University of Jyväskylä

Jarno Mikkonen University of Jyväskylä