Realised projects
The objective of the feasibility studies supported by Nopef is ultimately to help Nordic SMEs establish business operations, demonstrate their solutions and invest on international growth markets. A feasibility study funded by Nopef is considered realised upon the start of operations, initiation of a pilot or demonstration project, or investments in the project country.
However, Nopef also plays a role in helping SMEs avoid costly missteps or unprofitable investment in a new market. Considering that a company may choose not to start operations or make investments after exploring the market – due to insights gained during the feasibility study or other factors – Nopef aims for a success rate, or project realisation rate, of 50%. This means that the objective is for half of all feasibility studies funded by Nopef to lead to operations and investments in the project country.
Nopef evaluates the results of realised projects through an annual targeted customer survey. During the year, 21 feasibility studies (target 17) resulted in the establishment of an international business or completed investment in the project country. This corresponds to a success rate of 54% (target 50%) for projects realised in 2024.
The realised projects represented all five Nordic countries across 17 target countries, including seven projects in India, five in the USA and four in Indonesia and China respectively.
21 projects
resulted in the establishment
of an international business
or a completed international investment:
14
Nordic SMEs established
on international markets
7
pilot or demonstration
projects initiated
When is a Nopef feasibility study considered realised? | |
A feasibility study is considered realised when the applicant company has started operations in the project country through:
| For international demonstration projects or pilot installations, realisation is achieved when:
|
When is a Nopef feasibility study considered realised?A feasibility study is considered realised when the applicant company has started operations in the project country through:
For international demonstration projects or pilot installations, realisation is achieved when:
|