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.

The Business Development Fund can grant up to DKK 500,000 to a concern a year. 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.

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.

Read more:





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. 

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