What We Support

Nordic Innovation’s activities are to promote cooperation between stakeholders in multiple Nordic countries.

Cooperation across national borders creates new synergies and leads to greater benefits than each country can obtain individually.

Nordic Innovation’s activities are specially targeted towards SMEs.

Funding activities by Nordic Innovation are required to have external co-funding as well. Co-funding may come from the participating companies, from clusters or from national organizations.

Nordic Innovation gives priority to activities that promote a wider understanding of the positive impacts of Nordic cooperation.

All activities are to be self-financed after the project period has been completed.

It is a requirement that all grants from Nordic Innovation comply with the aid rules of the European Union and the Agreement on the European Economic Area (The EEA Agreement). However, organizations under the Nordic Council of Ministers were given new guidelines for State Aid as of 2019, and these applies for Nordic Innovation.

The support you are being offered is being granted in compliance with Commission Regulation (EC) No 1407/2013 on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to De Minimis Aid, published in the Official Journal of the European Union L 352 from 24.12.2013.

Grants from Nordic Innovation comes from the five Nordic governments and a Nordic undertaking is allowed to receive up to EUR 200,000 of de minimis aid from each of the Nordic countries. Consequently, a Nordic company can receive up to EUR 1,000,000 over a rolling period of three fiscal years from Nordic Innovation under the De Minimis regulation, given that the company has received no grants as De Minimis Aid prior to this grant.