Helping Nordic green solutions to grow on global markets

How can Nopef support your internationalisation project?

If you represent a Nordic company with a proven product or service, related to resource and energy efficiency, renewable energy, climate change mitigation or other type of sustainable solution, and you plan to expand abroad with your solution, Nopef (Nordic Project Fund) financing can help you on the way.

Nopef finances feasibility studies for Nordic small and medium-sized enterprises (SMEs) and midcap companies related to green growth and sustainable development in countries outside EU/Efta.

Supported feasibility studies should aim to assess investments, demonstration and pilot projects are also eligible, and/or the establishment of long-term business operations in the project country. The project shall contribute to a direct or indirect environmental impact or an increased environmental awareness in the target countries.

The objective of Nopef financing is to facilitate the implementation of Nordic green solutions on a global market and strengthen the international competitiveness of Nordic companies.

Read more about Nopef »

Growing number of Nordic companies going global through Nopef financing

The year 2019 was characterised by a good project activity and Nopef approved financing totalling EUR 2.3 million to 66 new projects.  The Annual Review 2019, which highlights the main activities and impact of Nopef is available as a digital publication. It can also be downloaded in PDF format. Read more


A Nordic company which has fewer than 500 employees and less than EUR 100 million in 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.

Our latest projects

Case story - Cold
Thailand Vietnam Waste and recycling

Innovative flood prevention in Vietnam

Climate change is making flooding worse in Vietnam, but thanks to the Cold Flood Barrier, a solution is now at hand.

Agriculture, forestry and fishery China Russia

Polar’s innovative fishing gear can improve catches and reduce impact on the marine environment

Polar Fishing Gear expanded to Russia with the help of Nopef. Now they are ready to take a look at the Chinese market.

Agriculture, forestry and fishery Chile

PatoGen’s technology helps aquaculture become more sustainable

There are risks that intensive fish farming methods can hurt the ocean’s ecosystems. Norway-based PatoGen received support from Nopef to take their sustainable aquaculture solutions to South America.

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About us

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.


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