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Competition organized by the Foundation for Assistance to Small Innovative Enterprises in Science and Technology (FASIE) and the Finnish Funding Agency for Technology and Innovation (Tekes)

Finland and Russia announce the launch of application process for joint projects in the field of applied research and innovation for the Russian and Finnish small innovative companies. Proposals from participants should include details regarding the development of new products or technologies in all scientific and technological fields, and demonstrate the innovative component of the product as well as the potential for its further commercialization.
The main purpose of this initiative is to generate projects involving small enterprises from both countries, followed by the provision of R&D funding by the relevant funding organizations: the Finnish Funding Agency for Technology and Innovation (www.tekes.fi), which will fund the Finnish small and medium enterprises; and the Foundation for Assistance to Small Innovative Enterprises in Science and Technology (www.fasie.ru), which will finance the Russian small innovative companies.
Mandatory requirements for the incoming offers
Expected project outcomes should include: production of a new product or development of a technology, as well as strengthened cooperation between the two companies, plans to establish a joint venture or production, and improved access to new markets for both companies. The proposals should take into account the following prerequisites:
The Application / Proposal demands compulsory participation of at least two partners: one Russian small innovative company and one Finnish small / medium enterprise. Participation of other organizations such as Universities or research institutes is possible and encouraged, but only as additional partners in the consortium (a small enterprise should be the principal applicant). The funds allocated by financing organizations (donors) may be transferred to these organizations only in the form of subcontracts in accordance with the internal financing rules of each party.
Collection of proposals starts on November 27, 2015. Participants are invited to submit joint proposals / applications for projects in the field of R&D and innovation until February 26, 2016. The funding will be available starting from June 2016 for specific joint projects which will be marked by FASIE and Tekes as appealing for funding.
FASIE: http://fasie.ru/competitions/482/

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