The objective of the Nordic Project Fund (Nopef) is to facilitate the scale-up of Nordic green solutions on global markets. Nordic small and medium-sized enterprises (SMEs) and mid-cap companies can apply for grant funding for their internationalisation projects aimed at markets outside the EU/EFTA.
Grants provided by Nopef can cover costs for feasibility studies and other preparatory business activities. Supported projects shall contribute to direct or indirect positive impact on the environment or climate, and have a Nordic interest through job creation, export opportunities, technology transfer and the promotion of Nordic values.
To date, some 3,200 projects have received financing from Nopef to a total sum of over EUR 113 million, resulting in more than 1,150 established businesses outside the Nordic countries. See also annual statistics
The Nordic countries established Nopef in 1982 with the aim of strengthening the competitiveness of Nordic companies on global markets. Nopef is financed through an annual budget from the Nordic Council of Ministers and managed by Nefco – the Nordic Green Bank. In addition, Nopef collaborates with national, international and other Nordic organisations to create synergies for companies seeking financing at different stages.