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Faroe Islands

Funding opportunities

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.

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.

Read more:

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.

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.

Read more:





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. 

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.

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.

Maria Húsgarð,

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,

European Research Council
European Research Infrastructures
Civil Security for Society
Digital, Industry and Space
Widening Participation and ERA
Joint Research Centre


Mathea Hilduberg,

Digital Industry and Space European Innovation Council
European Innovation Council
European Institute of Innovation and Technology (EIT)

Read more:

Horizon Europe