Nordic Industrial Fund

The Nordic Industrial Fund (original name: Nordisk industrifond) is a fund initiated to promote research, innovation and education within the industry of the Nordic Countries. It was administered by the Nordic Council of Ministers, and established on 20 February 1973 [1]. It had two divisions: the Bio and Chemistry Division and the Materials Technology and Standardization Division. In 2004, the fund was merged with Nordtest, to become known as the Nordic Innovation Centre (originally Nordisk Innovations Center).

The organisation changed its name yet again to Nordic Innovation in 2011.

Bio and Chemistry Division

The Bio and Chemistry Division (BCD) (Head of Division: Dr. Hans Bruno Lund) managed a number of Nordic research/education/innovation projects under the Nordic Council of Ministers, and in collaboration with national, Nordic, and international communities and governmental agencies. BCD also managed 5 programmes:

• Nordic Wood (1993–1997): A program for the Nordic forestry and wood industry.
• NordFood (1993–2000): A program for the food industry.
• NordPap (1993–1996): A program for the cardboard and pulp industry.
• NordBio (1989–1993): A program for the biotechnology industry.
• NordYeast (1987–1993): A program for the yeast and yeast application industry.

Nordtek, the cooperation organization of the 23 Nordic technical universities was a subdivision of BCD.

Current application criteria

Innovation projects important to the Nordic economy, have participants from at least three Nordic countries, may be applicable for financial support from the Nordic Innovations Centre.

References

• Bedin - a company information website run by the Norwegian Department of Commerce (in Norwegian)
• Avsluttede program (discontinued programs) from Nordisk InnovationsCenter website (in Swedish)