Kuva: Skills Finland / Mikko Mallikas
For growth companies
Funding, partnerships and networks for growth companies
Oppiva Invest provides funding to companies that offer solutions for vocational training, develop professional skills, learning and learning environments, or improve Finnish education exports. Our common objective is to renew vocational learning and to create added value for students, teaching staff and working life.
Funding rounds are opened annually in January, April and September.
Funding, partnerships and networks for growth companies
Does your company have a product or service that helps or reforms professional training, solves competence needs in working life, or supports learners? We provide not only subordinated loans but also partnerships and networks to help your company grow.
Continuously changing vocational training and learning environments and lifelong learning in working life – both in Finland and abroad – call for bold innovations, strong growth companies and open cooperation.
You are a company we are looking for if:
- professional competence, learning and learning environment development are active parts of your business.
- secondary-education vocational learning providers are your existing or future customers.
- you have proved to be competitive with a solution on the market.
- your company has what it takes to be profitable.
- your company is innovative and possesses solid expertise.
- you are enthusiastic about cooperation in vocational learning networks.
Funding round 3/2022 – key dates
We have three funding rounds in 2022: January, April and September. These are subject to change, and any changes will be announced on this page.
You can submit your application as soon as the call for funding application opens.
Terms and conditions for funding and a list of the formal documents to be appended with your application are available on our website at:
Terms and conditions for funding (in Finnish)
Send your application to email@example.com
Fill in a form to register: A briefing for companies no later than on 20 April 2022.
A link to join the online session will be sent to you by email.
Please send any additional questions regarding the funding application to firstname.lastname@example.org.
Questions asked during the funding round and answers given will be published on this website by 6 May.
On this page, you will also find answers to frequently asked questions.
We will start processing applications as soon as we receive them.
We inform each company’s contact person of our funding decisions personally.
Oppiva Invest offers subordinated loans
Oppiva Invest Oy is a state-owned company with a special function that is governed by the Finnish National Agency for Education.
The financial instruments that we offer are subordinated loans. Oppiva Invest’s role, through subordinated loans, is to provide supplementary funding: this way, we hedge the risk with the private sector and enable the company in question to develop its operations.
A vocational education and training provider is an entity that organises training that meets the definition of vocational basic education provided by law.
The applicant must be able to show proof of a connection to vocational education and training (to the training provider). The proposed solution must be suitable for use in this segment. The company’s product or solution may of course be sold to other customer groups too.
Applicants are required to describe the social and economic impact of the solution they offer and the funding applied for. If necessary, the promised impact and effectiveness may be further elaborated during the application processing stage.
For an application to be accepted, a clear demonstration of the effectiveness of the proposed solution or service and the related indicators is essential.
Oppiva Invest aims to build and contribute to the creation of an optimally functional ecosystem. This means encouraging networking between education and training providers, solution providers and other service providers, as well as other relevant parties with an established presence in the sector.
Companies are free to use the capital loan granted by Oppiva Invest for investments, as working capital, or for marketing.In their funding applications, companies are required to describe how they plan to use the funding provided. These plans will be discussed in the loan negotiations.
As a public funding provider (cf. Business Finland and Finnvera), we are required to observe certain conditions and criteria (e.g. criteria for effective support, consideration of state aid issues) regarding the companies to be financed. Some of the criteria follow standard banking principles, which focus on the creditworthiness of companies. The assessment consists of relative and quality-based components. The applicants are also compared with each other.
We understand that the circumstances of growth companies in particular may evolve and change quickly.We encourage companies to submit a funding application to start discussions with Oppiva Invest.If the company is currently unable to meet the specified minimum criteria, we can still discuss further actions and move on to the next application round once the criteria are met.
We expect applicants to have one or more co-financing providers.As a starting point, we recommend having one co-financier in addition to Oppiva Invest, with a 50-50 split between their contributions. Funding provided by Oppiva Invest is always paid out in two instalments.
Oppiva Invest does not specify who the other financing providers should be; typically, such providers include owners, investors and banks. Before Oppiva Invest can make a conditional decision on granting a capital loan, the applicant must at least be able to name the other financiers and their funding shares. Negotiations should be nearly completed and the time frame established. Applicants must have a firm decision on other sources of financing and the related conditions before they withdraw the loan.
Oppiva Invest keeps track of the companies it finances and their financial performance.When the capital loan agreement is signed, the parties agree on the key performance indicators to be tracked and the tracking frequency. Typically, companies are expected to provide quarterly or semiannual reports on their performance.
The parties negotiate and agree on loan terms before the decision-making stage.A payment schedule will be drawn up and an interest rate determined upon loan withdrawal.Finnish law contains provisions on interest and the repayment of the loan principal (Limited Liability Companies Act, chapter 12).
The typical loan term is assumed to be five years, and loan repayment holidays are possible in the beginning. The loan term may be shorter, such as three years for smaller loans.
The interest rate is based on the company’s commercial risk rating and a risk classification carried out by Oppiva Invest. The maturity of the loan also affects its price. The interest rate is likely to be between 6 and 12 per cent. The interest rate on the loan is fixed.
A processing fee of 2 per cent will be charged upon first withdrawal.
Separate fees may be charged for any changes made to the repayment schedule while the agreement is in effect.No separate fees will be charged for early repayment of the loan.
Interest payment and repayment of principal requires sufficient unrestricted equity.A so-called notice of available funds will be given annually based on adopted financial statements.
Yes, the company is allowed to decide when it wants to withdraw the loan. During loan negotiations, we discuss the loan withdrawal plan with the company.
No, you do not have to accept funding granted to you. The funding offer is in effect for one to three months after the decision has been made.
Kuva: Skills Finland: Jouni Ylisuutari
See our portfolio for the companies funded by Oppiva Invest.