Funding opportunities

faroese funding

Faroese government support

Several funds in the Faroe Islands offer financial support for research projects.

Faroese Research Foundation

The Faroese Research Council administers the government funded Research Foundation, which funds research, and research driven innovation projects connected to the Faroe Islands.

The Research Foundation receives a yearly funding from the Faroese government. The funding for 2016 is DKK 7.2 million.

Grants are given to Faroese researchers and research students, research and development at or associated with Faroese research institutes and commercial enterprises, and research and development which has significance in the Faroese context.

Funding through the Research Council is allocated once a year. The application deadline is mid February. It is required that at least one third of the total cost is funded by others than the Faroese Research Council.

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Faroese Research Foundation

Health Insurance Fund

The Faroese Research Council administers the Health Insurance Fund which funds research and development in the medical field.

Funds are allocated once a year. The application deadline is September 1st.

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Health Insurance Fund (in Faroese)

Fisheries Research Fund

The Fisheries Research Fund administers a government fund for fisheries research and development projects. The intention of the Research Fund is to stimulate scientific and industrial R&D projects in order to develop the Faroese fishing industry, harvesting, processing and trade, with regards to the biologically, economically and socially sustainable use of marine resources.

The Fisheries Research Fund receives a yearly funding from the Faroese government. The funding planned for 2017 is DKK 8.8 million.

Grants are given to Faroese researchers or research students and foreign researchers cooperating with Faroese researchers or research institutes.

Funding trough the Fisheries Research Fund is allocated once a year. The application deadline is early December.

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Fisheries Research Fund (in Faroese)

Business Development Fund

The Business Development Fund supports initiatives which diversify commercial enterprise and increase the use of knowledge. The fund provides grants for e.g. development of goods and services, innovative projects and research and study projects.

The Business Development Fund can grant up to DKK 500,000 to a concern a year. Applications are considered every month.

Grants are given to Faroese concerns only. Foreign researchers cooperating with a Faroese concern can apply for grants from the Business Development Fund.

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Business Development Fund (in Faroese)

nordic funding

Nordic cooperation

The organisation of Nordic collaboration in research and innovation rests mainly on two pillars, one for research, NordForsk, and one for innovation, Nordic Innovation.

A number of other funds under the Nordic Council, the Nordic Council of Ministers and other organisations with a focus on Nordic co-operation also provide grants for research in the Faroe Islands.

NordForsk

NordForsk is an organisation under the Nordic Council of Ministers which provides funding for Nordic research cooperation within all fields of research as well as advice and input on Nordic research policy.

Normally projects must involve cooperation between at least three Nordic countries or autonomous areas. Grants are awarded on the basis of open calls for proposals and peer review procedures.

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NordForsk

Nordic Innovation

Nordic Innovation is a Nordic institution under the auspices of the Nordic Council of Ministers working to promote cross-border trade and innovation.

Nordic Innovation funds Nordic projects that boost innovation and competitiveness in the Nordic business sector and lead to commercial and sustainable development.

Projects funded by Nordic Innovation must include partners from at least three Nordic countries and be at least 50 percent self-financed.

Applicants can apply for funding through calls for proposals or through an independent application.

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Nordic Innovation

Nordregio

Nordregio is a leading international Nordic research institute in the broad field of regional studies. Nordregio is engaged in developing and improving knowledge exchange between countries through different programmes.

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Nordregio

NORA

NORA (Nordic Atlantic Cooperation) is an intergovernmental organization under the Nordic Council of Ministers providing financial grants in support of collaborative projects involving partners from at least two of the four NORA countries (Faroe Islands, Greenland, Iceland and Coastal Norway).

NORA supports a variety of different projects relevant to the organization`s overarching goal of creating a powerful North Atlantic region with a strong sustainable economic development.

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NORA

Other funding schemes

The Nordic Council, the Nordic Council of Ministers and other organisations with a focus on Nordic co-operation finance a large number of various funding schemes.

A list of Nordic and bi-lateral funding schemes and calls for projects can be found here:

List of funding schemes and calls for application

european funding

European research programmes

The Faroe Islands have been an associated country in European research programmes since 2010.The cooperation agreement between the Faroe Islands and EU for Horizon 2020 was signed in December 2014.

As an associated country the Faroe Islands have the same rights and obligations as EU member states and other associated countries.

Faroese researchers have been involved in a range of projects in research areas, such as environment, climate change, ecosystems, stock assessment and fisheries management.

Horizon 2020

EU’s programme for research and innovation, Horizon 2020, runs from 2014 to 2020 and has a budget of nearly €80 billion.

Horizon 2020 is the financial instrument implementing the Innovation Union, which is an EU initiative aimed at securing Europe's global competitiveness.

Horizon 2020 has three pillars – Excellent Science, Industrial Leadership and Societal Challenges.

Excellent Science

Activities under this pillar aim to reinforce and extend the excellence of the European Union´s science base.

Funding schemes under Excellent Science:
European Research Council – provides funding to enable individual researchers and their teams to pursue frontier research Future and Emerging Technology – supports collaborative research across disciplines on radically new, high-risk ideas within emerging areas of science and technology Marie Sklodowska-Curie Actions - supports the career development and training of researchers in all scientific disciplines through worldwide and cross-sector mobility Research Infrastructures – supports activities aiming at developing the European research infrastructures for 2020 and beyond

Funding schemes under Excellent Science:

European Research Council – provides funding to enable individual researchers and their teams to pursue frontier research

Future and Emerging Technology – supports collaborative research across disciplines on radically new, high-risk ideas within emerging areas of science and technology

Marie Sklodowska-Curie Actions - supports the career development and training of researchers in all scientific disciplines through worldwide and cross-sector mobility

Research Infrastructures – supports activities aiming at developing the European research infrastructures for 2020 and beyond

Industrial Leadership

Activities under this pillar aim to speed up development of the technologies and innovations that will underpin tomorrow´s businesses and help innovative small and medium-sized European enterprises to grow into world-leading companies.

Funding schemes under Industrial Leadership
Leadership in enabling and industrial technologies - provides support for research and development on information and communication technology, nanotechnology, advanced materials, biotechnology, advanced manufacturing and processing and space Acces to risk finance - supports and facilitates access to sources of debt and equity financing by innovative companies of all sizes and by research centres and universities Innovation in small and medium-sized enterprises - supports small and medium-sized enterprises by providing direct financial support and indirect support to increase their innovation capacity

Funding schemes under Industrial Leadership

Leadership in enabling and industrial technologies - provides support for research and development on information and communication technology, nanotechnology, advanced materials, biotechnology, advanced manufacturing and processing and space

Acces to risk finance - supports and facilitates access to sources of debt and equity financing by innovative companies of all sizes and by research centres and universities

Innovation in small and medium-sized enterprises - supports small and medium-sized enterprises by providing direct financial support and indirect support to increase their innovation capacity

Societal Challenges

This pillar reflects the policy priorities of the Europe 2020 strategy and addresses major concerns shared by citizens in Europe and elsewhere.

Funding focus under Societal Challenges
Health, demographic change and wellbeing Food security, sustainable agriculture and forestry, marine research, and bioeconomy Secure, clean and efficient energy Smart, green and integrated transport Climate action, environment, resource efficiency, and raw materials Inclusive, innovative and reflective societies Secure societies

Funding focus under Societal Challenges

Health, demographic change and wellbeing

Food security, sustainable agriculture and forestry, marine research, and bioeconomy

Secure, clean and efficient energy

Smart, green and integrated transport

Climate action, environment, resource efficiency, and raw materials

Inclusive, innovative and reflective societies

Secure societies

National Contact Points

The Faroese Research Council hosts the National Contact Point service in the Faroe Islands.

Faroese National Contact Points for Horizon 2020
Maria Húsgarð, maria@gransking.fo Function: Legal & Financial aspects, Small and Medium-sized Enterprises, Access to Finance, European Research Council, Marie Sklodowska-Curie Action, Future and Emerging Technologies, Food Security, Agriculture, Marine Research, Biotechnology, Secure, Clean and Effective Energy, Climate and Ressource Efficiency, Inclusive and Reflective Societies, Spreading Excellence, Science with and for Society Annika Sølvará, annika@gransking.fo Function: European Research Infrastructures, Health, Demographic Change, Inclusive and Reflective Societies, Marie Sklodowska-Curie Action Brynhild Absalonsen, BA@vinnuframi.fo Function: Small and Medium-sized Enterprises, Information and Communication Technologies

Faroese National Contact Points for Horizon 2020

Maria Húsgarð, maria@gransking.fo

Function: Legal & Financial aspects, Small and Medium-sized Enterprises, Access to Finance, European Research Council, Marie Sklodowska-Curie Action, Future and Emerging Technologies, Food Security, Agriculture, Marine Research, Biotechnology, Secure, Clean and Effective Energy, Climate and Ressource Efficiency, Inclusive and Reflective Societies, Spreading Excellence, Science with and for Society

Annika Sølvará, annika@gransking.fo

Function: European Research Infrastructures, Health, Demographic Change, Inclusive and Reflective Societies, Marie Sklodowska-Curie Action

Brynhild Absalonsen, BA@vinnuframi.fo

Function: Small and Medium-sized Enterprises, Information and Communication Technologies

Northern Periphery and Arctic Programme

Northern Periphery and Arctic Programme (NPA) is an EU funded scheme running from 2014 to 2020. It addresses the special challenges facing peripheral and remote communities in the Arctic and North Atlantic region. The programme promotes cooperation amongst the people living in the northern fringe of Europe and provides the opportunity for organisations from the programme area to work together on joint projects concerning common issues and problems.

The programme covers Iceland, the Faroe Islands and Greenland, and parts of Norway, Sweden, Finland, Ireland, Northern Ireland and Scotland.

NORAs secretariat in Tórshavn functions as the programme´s Regional Contact Point in the Faroe Islands.

Read more:

Northern Periphery Programme

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