AI Business program was launched as part of AI Programme. In 2018, with public funding amounting to EUR 34 million and a total of 115 projects, the AI Business program, focusing on AI and the platform economy, was Business Finland's biggest programme. The programme, launched at the beginning of 2018, has been reserved an authorisation to allocate EUR 100 million over a four-year period, as well as an authorisation to grant EUR 60 million of capital loan for the first two years to be all
Name in original language
AI Business Program
Initiative overview
Demand for the AI campaign was significant, and it was expanded into a program in 2018. By 2021, the AI Business program (2018“2021) funded 347 projects by Finnish companies and research institutes or projects involving innovative public procurement with a total of EUR 235 million. Nine of the companies also received funding for young innovative companies. The combined exports of the SMEs involved in the program increased by more than 2.5 times, to a value of around EUR 280 million over four years, and the companies' staff doubled. - The export of digital B2B services is becoming a strong pillar for Finland. For example, more than half of the exports to the United States are service exports. So far, games have been the most important segment of service exports, but B2B exports are growing and, as digitalization progresses, the growth accelerates. Traditional industrial companies are also exporting digital services more and more.
Name of responsible organisation (in English)
Business Finland
