The Nordic Project Fund (NOPEF): The Nordic Project Fund provides loans for feasibility studies by Nordic SMEs that would like to set up companies outside the EU and EFTA

25.07.18 | Funding opportunities
The Nordic Project Fund (NOPEF) funds feasibility studies for Nordic SMEs that would like to set up companies outside the EU and EFTA. NOPEF provides conditional loans that can be converted into funding following completion of a feasibility study. Applicants must be involved in at least one of the Fund’s focus areas: green growth, environmental technology and renewable energy; Nordic excellence and innovation; and health and welfare.

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.
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