About Nopef

Nopef (the Nordic Project Fund) was established by the Nordic countries in 1982 with the aim of strengthening the competitiveness of Nordic companies by providing support for feasibility studies and preparatory activities for internationalisation.

Today, Nopef finances projects that contribute to the green transition, with a particular focus on the internationalisation of Nordic SMEs that can provide environmental and climate solutions with demonstration value and potential for scale-up and growth on global markets.

Since 1982, Nopef has financed 3,385 projects with a total value of EUR 117 million and supported over 1,232 international business establishments in 83 countries outside the Nordic region. It has also contributed to the creation of over 2,500 jobs since 2014.

Nopef (the Nordic Project Fund) was established by the Nordic countries in 1982 with the aim of strengthening the competitiveness of Nordic companies by providing support for feasibility studies and preparatory activities for internationalisation.

Today, Nopef finances projects that contribute to the green transition, with a particular focus on the internationalisation of Nordic SMEs that can provide environmental and climate solutions with demonstration value and potential for scale-up and growth on global markets.

Since 1982, Nopef has financed 3,385 projects with a total value of EUR 117 million and supported over 1,232 international business establishments in 83 countries outside the Nordic region. It has also contributed to the creation of over 2,500 jobs since 2014.

Governance

Nopef is managed by Nefco (Nordic Environment Finance Corporation) in accordance with a funds administration agreement with the Nordic Council of Ministers. A Steering Committee for the fund with members from each Nordic country is appointed by the Nordic Council of Ministers.

Nopef Steering Committee members in 2024:

Denmark

Jakob Tvede

Ministry of Foreign Affairs

Finland

Tiina Ingman

Ministry of Economic Affairs and Employment

Iceland

Ragnheiður H. Magnúsdóttir Chair until 27 March 2024
Nordic Ignite

Norway

Geir Ove Hansen

Innovation Norway

Sweden

Carl Rosén Chair from 27 March 2024

Ministry of Climate and Enterprise