Green industry innovation
Norway supports green industry innovation programmes in eight beneficiary countries - Bulgaria, Estonia, Hungary, Latvia, Lithuania, Poland, Romania and Slovakia. Each programme, while sharing the same overall objective, is tailor-made to align with national needs and wider EU and donor country priorities.
Climate change and the growing pressure on our limited natural resources mean that businesses need to innovate to succeed and survive. All EU countries have to meet ambitious targets on innovation and climate and energy. To achieve sustainable economic growth, investment in new green industries and green innovation is crucial.
Entrepreneurs and small businesses are however often hampered by a lack of access to finance. With a total contribution from Norway of almost €130 million, the green industry innovation programmes fund partnership projects with Norwegian companies. This help to step up eco-innovation and develop green business opportunities within sectors such as construction, transport and ICT. Aside from the lower carbon footprint, the green push also makes economic sense. Businesses across the whole economy can save money through increased energy and resource efficiency.
What is the objective of the programme?
- Increased competitiveness of green enterprises, including greening of existing industries, green innovation and green entrepreneurship
What are the expected results?
- Realisation of business opportunities for greening the economy
- Reduced production of waste and reduced air, water and soil pollution
- More use of environmentally-friendly technologies
- Increased green job creation and entrepreneurship
Priorities, funded activities and eligibility criteria vary by programme. Read more detailed information in the individual programme summary for each country: Bulgaria, Estonia, Hungary, Latvia, Lithuania, Poland, Romania and Slovakia.