Nopef works to strengthen the international competitiveness of Nordic small and medium-sized enterprises (SMEs) by providing support for demonstration, scale-up and growth of Nordic green and sustainable solutions on global markets.
You can apply for financing for feasibility studies aiming international business establishments, investments, or for demonstration projects or pilot installations in countries outside EU/Efta.
All projects supported by Nopef shall contribute to positive environmental or climate impacts. In addition supported projects shall have a Nordic interest and added-values and contribute to increased Nordic co-operation between companies and stakeholders.
Nopef works to support and contribute to the strategic priorities of the Nordic Vision 2030.
A Nordic company which has fewer than 250 employees and less than 50 MEUR turnover.
The project contributes to positive environmental effects.
The company has sufficient resources to invest and implement international business activities in the project country, outside the EU/Efta.
The project contributes to the benefit of the Nordic countries through job creation, exports, or knowledge transfer and development.
Finland-based Manna Insect creates an innovative circular solution based on insects to process biowaste, fertilise crops and feed animals. Nopef funded a feasibility study to test a pilot project in Kenya.
Icelandic company DTE has developed a way to substantially reduce waste during metal production, using an innovative process to analyse molten metals.
Norwegian renewable energy company Kube Energy is specialised in providing clean, renewable energy in remote and unstable areas.
Nefco’s Fast-track loan is offered to companies with commercially proven green and sustainable solutions. Loan applications are processed in a fast-track mode and can be used to finance investments and business activities in support of international growth. Read more on Nefco website
For enquiries regarding a planned internationalisation, please fill in our project proposal form for an initial assessment before submitting a full application. For other enquiries, please use the contact form below.
Nopef is a project fund managed by Nefco since 2014 and financed by the Nordic Council of Ministers. The primary objective is to support the internationalisation of Nordic small and medium-sized (SMEs) and midcap companies outside the EU/Efta by offering grants for feasibility studies. Over the years, some 3000 projects have received financing from Nopef, resulting in more than 1,000 established businesses outside the Nordic countries.