Several funds in the Faroe Islands offer financial support for research projects.
Faroese Research Foundation
Research Council Faroe Islands has two main working areas:
- to administer the Research Foundation which funds research, development and innovation
- to advise the government and industry on matters of research policy
In addition, the Research Council hosts the Faroese National Contact Point service for Horizon 2020 and is the Bridgehead Organisation of the Faroese EURAXESS services.
The Secretariat
Research Council Faroe Islands is housed ad Bryggjubakki, Tórshavn.
The postal address is: Bryggjubakki 12, P.O. 259, FO-110 Tórshavn.
The Fisheries Research Fund administers a government fund for fisheries research and development projects. The intention of the Research Fund is to stimulate scientific and industrial R&D projects in order to develop the Faroese fishing industry, harvesting, processing and trade, with regards to the biologically, economically and socially sustainable use of marine resources.
The Fisheries Research Fund receives a yearly funding from the Faroese government.
Grants are given to Faroese researchers or research students and foreign researchers cooperating with Faroese researchers or research institutes.
Funding trough the Fisheries Research Fund is allocated once a year. The application deadline is mid November.
The Business Development Fund supports initiatives which diversify commercial enterprise and increase the use of knowledge. The fund provides grants for e.g. development of goods and services, innovative projects and research and study projects.
The Business Development Fund can grant up to DKK 500,000 to a concern a year. Applications are considered every month.
Grants are given to Faroese concerns only. Foreign researchers cooperating with a Faroese concern can apply for grants from the Business Development Fund.
