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Over NOK 1 billion for innovation in companies

Funding of upwards of NOK 1 billion has been awarded by the Research Council to 130 companies for R&D activity. The funding is to promote innovation and create new jobs in the Norwegian business sector. 

The new projects will be awarded a combined total of NOK 1.074 billion. The projects span a very wide scientific range, from a new therapy for children with phenylketonuria to identifying individual salmon in commercial fish cages and developing currant and gooseberry species adapted to changing climatic conditions. 

Investing in research in trade and industry is critical to safeguarding a sustainable welfare society for the future as well,” say Minister of Research and Higher Education, Iselin Nybø. (Photo: Stortinget) “These companies will be developing new knowledge and new products. The support we are providing will promote more climate-friendly solutions, ensure better and more sustainable utilisation of our resources and lead to many products and services that will benefit consumers. The projects will generate added value, and some of them may even help to save lives,” says Minister of Research and Higher Education, Iselin Nybø.

The companies awarded funding are spread throughout Norway, from Mandal in the south to Tromsø in the north. A complete list is available here (in Norwegian).

Solving problems – generating revenue

The companies themselves have sought funding and are in charge of the projects. They are also responsible for providing some of the funding for the research activity themselves. 

“These companies will be working to solve problems while at the same time generating revenue and helping to create new jobs and value for society. Supporting research in companies is a profitable investment,” states John-Arne Røttingen, Chief Executive of the Research Council.

Many of the projects awarded funding involve digitalisation activities.

Research crucial for trade and industry

Allocations for these innovation projects are part of a joint initiative involving multiple ministries. The Research Council assesses the projects to ensure that they meet stringent quality standards. Only the best projects are awarded funding. 

“Knowledge is Norway’s most important competitive advantage. This must be the basis for our efforts as we move forward. Investing in research in trade and industry is critical to safeguarding a sustainable welfare society for the future as well,” Minister Nybø concludes.

Written by:
Ingebjørg Aadland. Translation: Glenn Wells/Carol B. Eckmann.
Published:
13.02.2018
Last updated:
13.02.2018