Find funding for your research project

Financial support from Faroe Islands or abroad

Funding opportunities

Financial support for research projects or studies in the Faroe Islands may be achieved from funds in the Faroe Islands or abroad

faroese funding

Faroese government support

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

Faroese Research Foundation

The Faroese Research Foundation is a government funded research foundation which funds research and research driven innovation projects connected to the Faroe Islands.

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.

It is required that at least one third of the total cost is funded by others than the Faroese Research Foundation.

Funding through the Research Council is allocated once a year. The application deadline is mid February.

Research Council Faroe Islands administers the Faroese Research Foundation.

Funding for publications

The Faroese Research Foundation administers funding for publication of Faroese scientific work.

Funding is primarily given to Open Access publication of peer reviewed scientific projects promoting Faroese scientific work.

Research Council Faroe Islands

Marine Research in the North Atlantic Ocean

The Marine Research in the North Atlantic Ocean programme is funded by the Danish government.

The aim of the programme is to generate new knowledge on the marine environment in the North Atlantic Ocean which may contribute to create solutions to challenges like the oceanic heat transport towards the North East Atlantic Ocean and the Arctic, the separation between upper and deeper water masses, geographic distribution and growth and recruitment potential for commercially important fish stocks, and ocean acidification.

The programme also aims to promote cooperation between the Faroe Islands, Greenland and Denmark on marine research. Research institutions from other countries may participate with their own funding.

The research programme is administered by Research Council Faroe Islands.

Marine Research in the North Atlantic Ocean

Fisheries Research Fund of the Faroe Islands

The Fisheries Research Fund is a government fund for fisheries research and development projects.

The aim of the fund is to stimulate scientific and industrial research and development 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.

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 or twice a year.

Fisheries Research Fund (in Faroese)

Business Development Fund

The Business Development Fund is a partly government funded fund supporting 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.

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

Applications are considered every month.

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.

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.

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.

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.

NORA

european funding

European research programmes

The Faroe Islands have been an associated country in European research programmes since 2010. First in the Seventh Framework Programme and from 2014 - 2020 in Horizon 2020.

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 Europe

EU’s key funding programme for research and innovation, Horizon Europe, runs from 2021 to 2027 and has a budget of €95.5 billion.

Negotiations between Faroese authorities and the EU Commission about participation in Horizon Europe are expected to be concluded by the end of 2021.

The Faroe Islands expect to be associated to Horizon Europe retrospectively from January 1st, 2021.

Although the negotiations are not concluded yet, Faroese research institutes and companies can apply for funding from Horizon Europe now.

Horizon 2020 has three pillars – Excellent Science, Global Challenges and European Industrial Competitiveness, and Innovative Europe.

Excellent Science

European Research Council - the premiere European funding organisation for excellent frontier research

Marie Sklodowska-Curie Actions - the EU flagship programme for doctoral and postdocoral training through mobility across borders and exposure to different sectors and desciplines

Research Infrastructures – facilities that provide resources and services for the research communities to conduct research and foster innovation in their fields

Global Challenges and European Industrial Competitiveness

Clusters:

Innovative Europe

European Innovation Council - promotes breakthrough innovation with scale-up potential at the global level

European Innovation Ecosystems - acts in complement with innovative activities across Horizon Europe and other EU funding programmes to improve the overall ecosystem for innovation in Europe

European Institute of Innovation and Technology - an independent EU body increasing Europe´s ability to innovate by nurturing entreprenaurial talent and supporting new ideas

Research Council Faroe Islands hosts the National Contact Point service for Horizon Europe in the Faroe Islands.

National Contact Points

Maria Húsgarð, maria@gransking.fo

Legal & Financial aspects

European Research Council

Marie Sklodowska-Curie Action

Culture, Creativity and Inclusive Society

Climate, Energy and Mobility

Food, Bioeconomy, Natural Resources, Agriculture and Environment

Widening Participation and ERA

European Institute of Innovation and Technology (EIT)

Annika Sølvará, annika@gransking.fo

European Research Council

European Research Infrastructures

Health

Civil Security for Society

Digital, Industry and Space

Widening Participation and ERA

Joint Research Centre

Mathea Hilduberg, MH@vinnuframi.fo

Digital Industry and Space European Innovation Council

European Innovation Council

European Institute of Innovation and Technology (EIT)

Horizon Europe

Northern Periphery and Arctic Programme

Northern Periphery and Arctic Programme (NPA) is an EU funded scheme addressing 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.

Northern Periphery and Arctic Programme