The specific aim of the fund is to strengthen the international competitiveness of Nordic enterprises by providing co-financing for feasibility studies that support the internationalisation of Nordic enterprises. Nopef finances feasibility studies for small and medium-sized Nordic enterprises for business set up in a country outside the EU and EFTA.
Nopef grants conditional loans that can be converted into a grant once the feasibility study has been completed. If the project leads to a business set up in the project country, 100% of the loan can be remitted. If the feasibility study doesn’t lead to a business set up, 50% of the loan can be converted into a grant.
Costs that Nopef may cover are e.g. salaries, travel costs, legal and financial consulting, external consultants and translation work and interpreters. Nopef may participate with up to 40% of the approved costs.
Nopef gives priority to projects within one or more of the following focus areas:
Denmark, Faroe Islands, Finland, Greenland, Iceland, Norway, Sweden, Åland Islands