NOPEF provides conditional loans that can be converted into funding following completion of a feasibility study. If the project results in a new company in the target country, 100% of the loan can be written off. If the preliminary study does not result in a new company, 50% of the loan can be converted into funding.
NOPEF covers expenses such as wages, travel, legal and financial advice, external consultants, translation and interpreting. NOPEF can cover up to 40% of approved costs.
The Fund prioritises projects in one or more of the following areas:
- Green growth, environmental technology and renewable energy
- Nordic excellence and innovation
- Health and welfare.