This is development site
This is development site
A common challenge in the Central Baltic (CB) area is the underutilisation of local companies’ growth and scaling potential. Insufficient support systems, limited resources, and market fragmentation restrict cross-border expansion, reduce global competitiveness, and slow economic growth.
“Time 2 Scale” is a scaleup program that will create more scaled-up companies within CB by providing tailored support to ambitious and high-potential companies from Finland, Estonia, and Latvia, addressing the main cross-border scaling challenges faced by our target participants: technology-enabled companies across nine fields.
The project will strengthen the CB entrepreneurial ecosystem by supporting 72 companies within 38 months. At least 30 companies will scale, contributing to the realisation of PO2.
Project outputs: three 9-month Program Cycles with 24 companies per partner, 9 info sessions, 12 joint cross-border workshops per cycle, participation in 3 entrepreneurial events per cycle; 10 hours with an industry advisor per company, one tailored business trip per company, 216 individual consultations.
The program will also offer company-specific development plans, quarterly roadmaps, feedback, alumni activities. The project will assist companies in penetrating new regional markets through pilot projects and market validation initiatives in collaboration with local stakeholders.
Together, Hanken, EBS, and RTU will offer participating companies more comprehensive, robust, and swift support than any partner could provide on its own. This project leverages the diverse levels of innovation across participating countries (EIS 2024), enabling targeted cross-border knowledge exchange that strengthens CB innovation capacity.
Project originality is ensured by its unique features: joint livestream workshops for cross-border community building and contribution to the long-term development of service paths related to cross-border entrepreneurship support in higher education institutions.
During 3 program cycles, the entrepreneurial ecosystem in the Central Baltic area will be strengthened by providing targeted support to 72 companies. At least 30 companies will scale within 12 months after completing the program, meaning will achieve at least ONE of the following:
-develop and test business models in at least one new foreign market
-establish operational or sales presence in at least one country outside the home market
-increase TRL by one level
-establish at least one new commercial partnership to support scaling into new markets (e.g. MoU or LoI as evidence)
-grow revenue by 15%
-raise new investment capital of at least 0,5 mil.EUR
-expand the team by at least 10%
-increase active user number by 20%
-introduce at least one new product/service boosting company scaleup potential.
The project will benefit all partners long-term: key activities will be integrated into partners’ service offerings. Best practices and success stories will remain publicly available.
Duration 01.05.2025 - 30.06.2028
Total budget
Programme priority
Innovative Business DevelopmentProgramme objective
PO2 - More new scaled-up growth companiesLead partner
Hanken School of Economics
Find Time 2 Scale on social media