LED lighting is one of the sectors represented among the approved projects. Photo: Shutterstock

The Nopef credit committee has approved financing for 13 new projects for Nordic small and medium-sized enterprises. The total amount of these grants is EUR 405,000.

The feasibility studies are aiming at investments mainly in the USA, Turkey and United Arab Emirates, as well as in South Korea, Indonesia, South Africa, Uganda, Chile and Canada.

A range of sectors are represented among the projects, including wind energy, LED lighting, oil spill response equipment, energy saving technology, as well as software systems and cloud computing solutions.

So far this year, Nopef has awarded a total of EUR 640,000 in grant funding to 20 feasibility studies. The average length of a feasibility study is 1.8 years, after the granted company decides whether it will establish local presence in the project country, for example through a subsidiary or joint venture.

The Nordic Project Fund (Nopef) was established by the Nordic countries in 1982 and is today administered by NEFCO and financed by the Nordic Council of Ministers.

Read more about Nopef’s feasibility study grants

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