Norwegian Fund Offering Six Million Euros to Croatian Companies

As reported by Poslovni, six million euros from the Norwegian financial mechanism will be available to Croatian entrepreneurs for investments in green technologies.

The company Innovation Norway, manager of the fund for the Business Development and Innovation Croatia programme, announced that in November, it will publish the third call for project proposals within the framework of the program financed by the Norwegian Financial Mechanism. The goal of the programme, which focuses on green industry innovations and “blue growth,” is to increase competitiveness and encourage sustainable business operations in Croatian, primarily small and medium-sized enterprises.

A total of around six million euros will be available to Croatian entrepreneurs. Through the innovations of the green industry, they will be able to receive grants for the co-financing of innovative projects that contribute to reducing greenhouse gas emissions, reducing energy consumption, or saving other resources. Through the “blue growth” projects related to innovations in the coastal and maritime areas, the following will be co-financed – coastal and maritime tourism, maritime transport, fishing and aquaculture, marine waste and pollution, desalination, and other similar projects.

After the publication of the call, all interested parties will have two months to submit their applications, and the percentage of support will be determined depending on the size and location of the company, the type of investment, etc. Thus, for example, small companies that invest in equipment, depending on the area where they are located on the map of regional grants, will be able to receive up to 70 percent of grants from the total value of the project.

Large companies with a maximum of 25 percent public ownership can also apply but will receive a lower co-financing rate.

So far, 17 projects have been approved from this programme in the first call, and it is expected that another 21 projects will be approved in the second call.

Innovation Norway states that this programme for entrepreneurs represents a unique opportunity for cooperation, through access to new knowledge and modern technology with Norwegian partners, through partnership on projects, and other forms of collaboration.

More information on the possibilities of co-financing from the Norwegian Financial Mechanism can be found at www.innovasjonnorge.no/Croatiainnovation and by inquiry at [email protected].

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