The Startup Refugees Fund is administrated by Startup Refugees, a Finnish non-profit organization supporting refugees, asylum seekers, and immigrants in entrepreneurship and employment. The non-profit association behind Startup Refugees is called Phoenix ra and it holds a money collection permit that allows collecting donations in Finland. Startup Refugees has a six years history of supporting newcomers in starting businesses and Startup Refugees Fund is the latest innovation of the association.
The funding is meant for all current and aspiring newcomer entrepreneurs who have participated in Startup Refugees Business Program. The application period of the first round of funding is 5-30.9.2022, and the announcement of the recipients will be in November 2022.
In the first round the recipients of the fund are decided by a jury consisting of Startup Refugees team members.