FREED - Funding Resources for Innovation in Energy Enterprise Development

FREED addresses a problem small and medium-sized enterprises (SMEs) face throughout the Northern Periphery and Arctic region.  SMEs in the programme area struggle to access energy innovations.  Energy innovation programmes are used in almost all regions in the NPA programme area to correct this problem. FREED will work with existing innovation programmes and Economic Development agencies to understand what the existing priorities are, and it will include local and regional SME’s and local communities. FREED will provide SMEs with support for business planning and sourcing funding to realize the commercial potential of energy innovations.

Project activities:

  1. Innovation Tender: Candidates are to submit technology innovation proposals, which address identified challenges - TRL between Proof of Concept (TRL 3) and Prototype (TRL 6)
  2. Technology Transfer: The developed regional technologies to be adapted across the programme area. The transfer process will result in commercialization of a new products or services.
  3. Investment: FREED will map out private investment  possibilities for SMEs

The project is implemented during 1/2016-12/2018 and is funded by the Northern Periphery and Arctic Programme.


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Last updated: 1.12.2020