Hanken School of Economics receives funding to boost Finnish and Baltic startups
The “Time 2 Scale” programme aims to provide tailored support to ambitious and high-potential companies from Finland, Estonia, and Latvia. The programme will address the main cross-border scaling challenges faced by technology-enabled companies across nine fields.
“A common challenge in the Central Baltic area is the under utilisation of local companies' growth and scaling potential. Insufficient support systems, limited resources, and market fragmentation restrict cross-border expansion, and reduce global competitiveness”, says Thommie Burström, project manager for the programme.
The project will assist companies in penetrating new regional markets through pilot projects and market validation initiatives in collaboration with local stakeholders.
“Together with Estonian Business School and Riga Technical University, Hanken will offer companies more comprehensive, robust, and swift support than any partner could provide on its own. The project will strengthen the Central Baltic entrepreneurial ecosystem by supporting 72 companies within 38 months”, says Burström.
Hanken Business Lab authored the application for the funding, which amounts to 1 688 000 EUR in total, shared between the three universities. The programme, which runs from 1 May 2025 to 30 July 2028, will also offer company-specific development plans, quarterly roadmaps, feedback, and alumni activities.
Mera information:
Thommie Burström
Senior Fellow and project manager
thommie.burstrom@hanken.fi