Deadline: 29-Mar-23
Nordic Innovation wants to speed up the transition to a more sustainable, innovative, and interconnected ocean economy. Are you joining them? If yes, then apply for the Ocean Biomass Challenge.
The aim of the challenge call is to establish innovative solutions through cooperation across Nordic borders and value chains. Here, innovative solutions can be business models, products, methods, or other concrete initiatives that meet the challenge. This call is a part of the Sustainable Ocean Economy program (2021-2024), the objective of which is to make the Nordics a leading region in the development of a sustainable ocean economy.
Challenge Objectives
- Building on Nordic added value, this challenge call seeks to establish innovative solutions through cooperation across Nordic borders and value chains. Innovative solutions can for example be business models, products, methods, or other concrete initiatives that meet the challenge. Proposals can include testing of new solutions, however, please note that basic research is outside the scope of this challenge call.
- Nordic Innovation wants to speed up the transition to a more sustainable, innovative, and interconnected ocean economy. The overarching objective of the challenge call is to promote sustainable growth, innovation, entrepreneurship, and the global competitiveness of the Nordic Ocean Biomass industry.
- Additional objectives could include developing lasting value propositions for the global ocean biomass market or scaling up Nordic initiatives and businesses and accessing new markets.
Funding Information
- Nordic Innovation seeks to fund two (2) projects with 3 MNOK each.
- Nordic Innovation requires at least 50% in co-funding from project participants. This can be in the form of direct funding (capital) or in-kind contributions (working hours). Consequently, in this call, co-funding—that is, funding from project partners—shall be no less than 3 MNOK. This means that the total project budget will be no less than 6 MNOK. The composition of the co-funding must be demonstrated in the proposal, and Nordic Innovation’s budget template must be filled out, signed by all partners and submitted with the proposal.
- Projects will start in May 2023 and are to be completed and a final report submitted to Nordic Innovation no later than 31 December 2024.
Deliverables and Milestones
- The project leader shall submit a brief progress report for the project every six months.
- At the end of the project, the project leader shall submit a final report that describes the work carried out and the results achieved. The report shall include full project accounts.
- For communication purposes, the project leader shall produce two videos no longer than 60 seconds each. The first video shall be produced early in the project and describe aims and activities for the project. The second video shall be submitted along with the final report and outline the results of the project.
Eligibility Criteria
- Applicants must be Nordic consortia, each headed by a Nordic Lead Partner. A Nordic consortium consists of partners from at least three different Nordic countries.1 Consortium partners from countries outside the Nordic region are welcome to participate, but only partners from Nordic countries can receive funding from Nordic Innovation.
- The partners can be:
- Individuals
- Companies (SMEs and larger companies)
- Public sector organizations (e.g. regulators, procurers, innovation ecosystems)
- Cluster organizations
- Business networks
- Innovation institutions
- As they emphasize the significance of active participation of industry actors, consultancies should not take the role of project leader.
For more information, visit Ocean Biomass.