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Dual-Use Sparks Funding

12.3.2025

Ignite Your Innovation with Dual-use Sparks Funding

Are you an innovative SME or startup in the Oulu region with a breakthrough dual-use product idea? Dual-use Sparks Funding, offered by Oulu Innovation Oy, is your agile, risk-free financing partner to turn ideas into market-ready solutions.

What Is Dual-use Sparks Funding?

A convertible loan program designed to support early-stage development and piloting of dual-use product innovations.

  • Funding Range: €5,000–€30,000 for piloting a new dual-use product, provided the customer also commits resources.
  • Flexible & Agile: No collateral or prior track record needed, with funding offered as an interest-free, unsecured, equity-based convertible loan.
  • Collaborative Requirement: Must be linked to an Oulu-based research institute—either as the innovation source or as a pilot partner.
  • Proof-of-Concept: Develop a prototype that meets customer needs and gathers real feedback.
  • Revenue-Based Royalties: Pay 10% of generated revenue until the royalties equal twice the original loan amount. If no revenue is generated, repay at twice the original amount or convert the loan into company shares (e.g., €10,000 = 1% equity).

Who Can Receive Funding?

Tailored for growth-minded companies ready to scale internationally.

  • Target Audience: SMEs and startups in the Oulu region from any industry.
  • Innovation Criteria: Product- or service-based ideas with international market potential and a customer-oriented pilot environment.
  • Mandatory Engagement: Must commit to presenting the innovation at defense-related events and maintain a connection to a local research institute.

How It Works in Practice

A straightforward process with expert support at every step.

  • Loan Terms: A three-year, interest-free, unsecured convertible loan ranging from €5,000 to €30,000.
  • Revenue-Based Royalties: Only pay 10% royalties on generated revenue; flexible repayment options allow early settlement anytime within the period.
  • Non-Revenue Option: If no revenue is generated, repay at twice the original amount or convert the loan into equity.

How to Apply

A simple, guided application process ensures your innovation gets the support it needs.

  • Prepare & Submit: Register and submit a free-form application detailing your company, customer case, solution, team, project plan, pilot details, international market potential, technological feasibility, and funding needs.
  • Initial Review: The Diana Center Operation Team provides initial feedback and supports your application preparation.
  • Evaluation & Decision: Your application undergoes business analysis by the Oulu Innovation finance team, then is forwarded to the board for the final funding decision.

Key Contacts

ICTOulu