Nordic Innovation is funded by the Nordic Council of Ministers, which is the official inter-governmental body for cooperation in the Nordic region. The Nordic cooperation consists of Sweden, Denmark, Norway, Finland and Iceland, in addition to the self-governing areas of Greenland, the Faroe Islands and Åland. With its 26 million inhabitants, the Nordic cooperation is one of the most comprehensive regional partnerships anywhere in the world.
Nordic Innovation is a vital instrument for the Nordic ministers of business, energy and regional policies and shall contribute to make the Nordic region a leading region for sustainable growth, and increase entrepreneurship, innovation and competitiveness in the Nordic region.
Nordic Innovation supports projects and programmes to stimulate innovation and works to improve the framework conditions for Nordic markets and exports.