Funding possibilities for Norwegian companies projects in the Baltics

Size: px

Start display at page:

Download "Funding possibilities for Norwegian companies projects in the Baltics"

Buck Harmon
8 years ago
Views:

1 Funding possibilities for Norwegian companies projects in the Baltics

2 Many funding sources for internationalisation Norwegian Nordic *Sample in case an international development in Estonia EU/EEA

3 Norwegian funding

4 Do you have an innovative and presumably profitable project, difficult to get fully funded? Innovation loan: Provides up to 50 percent of capital in a project Favorable interest rates considering the risks

Innovation loan: Provides up to 50 percent of capital in a

5 Do you need help with major investments? Low risk loan: Long term loan Competitive interest rate Often given in cooperation with private banks

6 Develop innovative new products, solutions, services in cooperation with demanding customers? Research and development grants: A demanding private sector customer in abroad IFU A demanding public sector customer in Norway OFU Cover upto 45% of development costs

Research and development grants: A demanding private sector customer in

7 An innovative business or a project in an early stage of development? Start-up grant: Covers 50% of eligible costs The average allocation is 200, ,000 NOK Not granted to companies older than 3 years

8 Develop cooperation with other companies? Norwegian SMEs as main participants An established network that wants to develop the strategic cooperation At a minimum 3 companies Foreign companies and research and development players can participate A network with international and longterm potential Large companies can be with the network Horizontal and vertical networks

strategic cooperation At a minimum 3 companies Foreign companies and research and

9 Pre-study: Grant 100% of external costs Upto 100,000 NOK Ca 3 monthes Pre-project: Grant 50% of costs Upto 300,000 NOK Ca 3-9 monthes Pre-studies Collecting market information Analyzing hired assistance Process management Meetings External tasks specialist services

monthes Pre-studies Collecting market information Analyzing hired

10 Main project: Grant 50% of costs. Up to 750,000 NOK Up to 3 years Process management - development and administration Technology and market advisory Competence development meeting places Legal assistance agreements Own financing own hours and means

administration Technology and market advisory Competence development meeting

11 Other funding available for international projects in Norway: Research Council InvestinNor GIEK

12 Nordic funding

13 Have projects in Nordic or Baltic countries? Nordic Environment Finance Corporation: Equity for environment improving investments Nordic Investment Bank: Loans Nordic Innovation: Grants for innovative co-operation projects At a minimum partners from three Nordic countries Nordic Council of Ministers: Grants for Nordic-Baltic specialists internships At a minimum partners from three Nordic Baltic countries

int/loans Nordic Innovation: Grants for innovative co-operation projects At a minimum partners from three Nordic countries www.nordicinnovation.

14 European Union and European Economic Area funding

15 Research or eco-innovation with companies from EU? EU funding available for Norwegian companies: Research EU/EU-finansiering1/EU-penger-til-norske-bedriftermed-forskningsutfordringer/ Research EU/EU-finansiering1/Eurostars---forskningsmidler-tilbedrifter/ Eco-Innovation

no/bedrift-i- EU/EU-finansiering1/EU-penger-til-norske-bedriftermed-forskningsutfordringer/ Research

16 Develop green business with companies from the Baltics? Norway Grants Green Industry Innovation program: Companies from Estonia, Latvia or Lithuania can apply Projects with Norwegian partners have a priority Estonia focus green ICT Latvia green business and green incubator Lithuania green business l_cooperation/green_industry_innovation_programme _nor_financial_mechanism

Norwegian partners have a priority Estonia focus green ICT www.eas.

17 Develop business in Estonia? Enterprise Estonia grants: Startup, development Development of knowledge and skills Large investor's support for industrial undertakings Investment support for support service centres Innovation voucher grant

eas.ee/en/for-theentrepreneur/development-of-the-company/development-of-knowledgeand-skills Large investor's support for industrial undertakings www.eas.ee/en/forthe-entrepreneur/development-of-the-company/large-investors-supportfor-industrial-undertakings Investment support for support service centres www.

18 Develop business in Estonia? Estonian Credit and Export Guarantee Fund, Kredex Loans, guarantees, grants Environmental Investment Centre, KIK Grants, loans, guarantees Estonian Agricultural Registers and Information Board, PRIA Grants Development Fund, Arengufond Venture capital Tallinn City Enterprise Board, Support for creating new jobs, fair participation and co-financing of

ee/en/kik/sources-financing Estonian Agricultural Registers and Information Board, PRIA Grants www.pria.

19 Contact us: Head office District offices, offices abroad

JAN LIDÉN S ADDRESS TO FÖRENINGSSPARBANKEN S ANNUAL GENERAL MEETING IN STOCKHOLM APRIL 21, 2005

JAN LIDÉN S ADDRESS TO FÖRENINGSSPARBANKEN S ANNUAL GENERAL MEETING IN STOCKHOLM APRIL 21, 2005 Dear shareholders, ladies and gentlemen, FöreningsSparbanken is currently the most profitable bank in the