An increasing number of foundations are seeking ways to strengthen the impact of research and to allocate funding more effectively. The Finnish Research Impact Foundation (FRIF) together with STEK ry (the Finnish Centre for Promotion of Electrical Technology and Energy Efficiency) are now piloting a joint funding model that enables more efficient use of resources.
Foundations that support research receive a growing number of high-quality applications, often involving committed partners alongside researchers. Many of these projects show clear potential for impact. However, even strong proposals cannot always be funded from the annual resources of a single foundation.
FRIF has launched a new joint funding model between foundations with the aim of increasing the impact of research-driven collaboration between academia and industry and allocating funding more effectively. Through this pilot, the Foundation is exploring new ways to respond to the growing demand for research collaboration and to identify impactful projects beyond individual funding instruments. The model is being developed step by step, based on experience and collaboration with partners.
Many foundations share common goals, even if their strategic priorities differ.
“Foundations often have major goals that are important for society as a whole, such as strengthening national expertise or contributing to environmental sustainability. In funding as well, collaboration can achieve more than working alone,” says Petro Poutanen, CEO of the Finnish Research Impact Foundation (FRIF).
Joint funding connects impactful projects with the right funders
The joint funding model of FRIF is based on a process in which the Foundation pre-evaluates the applications it receives through its standard assessment procedures. During this process, projects may be identified that also align with the strategic priorities of another funder.
In such cases, FRIF may propose that the application be reviewed by another foundation as well. Applicants are always asked for their consent before an application is shared with a potential partner.
This so-called exchange of applications allows another foundation to review a project that has already undergone a thorough evaluation, without requiring the applicant to start the entire process again.
“When one foundation has carried out a comprehensive assessment, others can benefit from that work as well. This helps reduce overlapping effort and makes it easier to identify impactful projects,” Poutanen explains.
Energy-sector research project as the first jointly funded case
The first jointly funded project emerged from a research collaboration in the energy sector between the University of Vaasa and ABB Ltd. The project examines the increasing share of renewable energy in the power system and how the safety and reliability of the electricity grid can be ensured in a changing operating environment.
The project ranked among the top applications in FRIF’s TIA Postdoc call but could not be funded due to the call’s limited budget. However, it proved highly relevant for a second funder, STEK ry, and a joint funding decision between FRIF and STEK was reached in a short timeframe.
Read more about TIA Postdoc-funded projects here.
“From STEK’s perspective, this project aligns closely with our mission to accelerate the energy transition. It is important that this topic is studied broadly and in close collaboration with industry. Developing flexibility and resilience across the entire power system requires new ways of optimally integrating inverter-based solutions into the grid. Jointly funding this project with the Impact Foundation is a significant opening. It creates opportunities to tackle more complex challenges and to take a more substantial approach to emerging opportunities,” says Tapio Koivu, CEO of STEK ry.
From a pilot to broader impact
FRIF sees joint funding as part of a longer-term development effort to identify new ways to strengthen research impact and support collaboration in areas where the resources of a single actor are not sufficient.
“Our resources are limited, which is why we aim to experiment with different models to extend the impact of our funding. Joint funding is one way to scale impact, find new partners, and enable important research,” Poutanen notes.
Joint funding does not replace the foundations’ existing funding instruments but complements them. From the applicant’s perspective, the model may, over time, offer a smoother funding pathway and better opportunities to progress with a single high-quality application. For funders, it provides a way to allocate resources more impactfully and to identify new, strategically relevant research projects.
“This kind of thematic joint funding, where we seek partners who share common goals with us, is an open experiment for us. We hope it will spark interest among other foundations and encourage the development of new forms of collaboration around shared objectives,” Poutanen says.


