Exploring the Northern Dimension

Financial mechanisms

Various sources of funding and financial mechanisms are available to support multilateral cooperation in the Northern Dimension area. Some examples are provided below. 

Horizon 2020: The EU Framework Programme for Research and Innovation

Horizon 2020: The EU Framework Programme for Research and Innovation

Horizon 2020 is the biggest EU Research and Innovation programme ever with nearly €80 billion of funding available over 7 years (2014 to 2020) – in addition to the private investment that this money will attract. It promises more breakthroughs, discoveries and world-firsts by taking great ideas from the lab to the market.

Regional (Northern Dimension Area) Research Funding

BILAT-RUS-Advance - Project focuses on enhancing the bilateral science-, technology and innovation (STI) partnership between the Russian Federation and the EU Member States/Associated Countries

ERA.Net RUS Plus – strengthening STI links between Russia and the European Research Area

S&T Gate RUS.EU - Identify and analyse the S&T Potential of EU-Russia Cooperation

Nordic-Russian Cooperation Programme in Education and Research - Aim is to support joint cooperation projects between higher education and research institutions in Russia and the Nordic Countries

NordForsk - An organisation under the Nordic Council of Ministers that provides funding for Nordic research cooperation as well as advice and input on Nordic research policy

Bonus - Science for a Better Future of the Baltic Sea Region

Interreg Baltic Sea Region - an EU funding programme that facilitates transnational cooperation in the Baltic Sea Region 

National research funding agencies

The Research Council of Norway - The Research Council works to promote high-calibre research of benefit to society at large. The Council's main strategy "Research Expands Frontiers" and various other strategy plans provide an important basis for activities designed to meet this objective.

RFBR - The Russian Foundation for Basic Research (RFBR) supports the most active scientific and technical potential of the country, provides scientists of Russia with financial support, and realizes competitive funding mechanisms for scientific researches on the basis of expert estimates.

The Russian Human Science Fund - the funds' aims are the governmental support for the human science, the spread of human knowledge in the society, the revival of the national traditions of the human science.

VINNOVA - Swedish Governmental Agency for Innovation Systems - is Sweden’s innovation agency. VINNOVA aims on strengthening Sweden’s innovativeness, aiding sustainable growth and benefiting society. VINNOVA invests around SEK 2 billion per year.

The Swedish Foundation for Strategic Research (SSF) - funds research in science, engineering and medicine via grants totalling approximately SEK 600 million annually. This amount will be increased to SEK 1 billion annually starting in 2018.

STINT - the Swedish Foundation for International Cooperation in Research and Higher Education

The Swedish Research Council - is an authority within the Ministry of Education and Research. The Swedish Research Council has a leading role in developing Swedish research of the highest scientific quality, thereby contributing to the development of society.

The Royal Swedish Academy of Sciences - is an independent organisation whose overall objective is to promote the sciences and strengthen their influence in society.

The Swedish Research Council for Environment, Agricultural Sciences and Spatial Planning - The mission of Formas is to promote and support basic research and need-driven research in the areas Environment, Agricultural Sciences and Spatial Planning.

The Swedish Foundation for Humanities and Social Sciences - is an independent foundation with the goal of promoting and supporting research in the Humanities and Social Sciences.

The EEA Grants and Norway Grants - represent the contribution of Iceland, Liechtenstein and Norway to reducing economic and social disparities and to strengthening bilateral relations with 16 EU countries in Central and Southern Europe and the Baltics.

Forte, Swedish Research Council for Health, Working Life and Welfare - Forte funds research for people’s health, working life and welfare. Forte is a government agency under the Swedish Ministry of Health and Social Affairs. Forte represents the strength and the power that our funding means for the Swedish research community and in the long run the development of the individual and society at large.

Danish Funding Programmes - Funding programmes for research and innovation

Innovation Fund Denmark - invests in new knowledge and technology creating growth and employment in Denmark

Business Finland is the Finnish innovation funding, trade, investment, and travel promotion organization. Business Finland research funding offers funding for research, product development, and many kinds of business development needs, especially for small and medium-sized companies. Large companies and research organizations can receive funding for joint projects with smaller companies.

Rannis - Administrator of main public competitive funds in the field of research and innovation in Iceland

Aurora database - For searching for funding opportunities in sciences, arts and culture. The database includes Finnish and foreign funding organisations and programmes, which are available for Finns or those residing in Finland.

Environmental Research and Education Foundation (EREF) - EREF’s mission is to fund and direct scientific research and educational initiatives for waste management practices to benefit industry participants and the communities they serve.

Creative Europe - Programme for Europe's cultural and creative sectors from 2014

The Nordic Culture Fund  - The Nordic Culture Fund’s primary aim is to promote and invest in Nordic cultural co-operation.

International Financial Institutions (IFIs)

European Bank for Reconstruction and Development (EBRD) - The EBRD fosters transition to market economies in countries from Central and Eastern Europe to Central Asia and the Southern and Eastern Mediterranean. The EBRD is also the manager of the Northern Dimension Environmental Partnership Support Fund.

European Investment Bank (EIB) - is the European Union's bank. EIB is the only bank owned by and representing the interests of the European Union Member States. It works closely with other EU institutions to implement EU policy.

Nordic Environment Finance Corporation (NEFCO) - is an International Financial Institution established by the Nordic Governments in 1990. NEFCO provides results-based green financing. NEFCO was created – after the collapse of the Soviet Union – in order to support the Nordic countries’ efforts to increase environmental awareness in Eastern and Central Europe by providing financing to projects that reduced emissions harmful to the environment. 

Nordic Investment Bank (NIB) - NIB finances projects that improve competitiveness and the environment of the Nordic and Baltic countries. The Bank offers long-term loans and guarantees on competitive market terms to its clients in the private and public sectors. NIB is an international financial institution owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank has lending operations both in and outside its member countries.


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