Innovation Projects for the Industrial Sector (IPN, previously BIA) are company-driven projects that incorporate extensive research and development (R&D) activities. The aim of the funding is to encourage companies to invest more in R&D activities that can promote innovation and thereby improve opportunities for sustainable economic growth and enhanced competitiveness.
Companies may seek funding to cover up to 50 per cent of their budgeted project costs. Projects may have a duration of two to four years, and a minimum NOK 2 million must be sought. Applicants may seek a maximum of NOK 16 million.
Type of activity: R&D
The formal applicant must be a company that has been issued an enterprise number under the Norwegian Register of Business Enterprises and that carries out economic activity in Norway. Public enterprises that carry out activities of an industrial or business nature may also serve as the formal applicant.
The companies participating in the project must have a need for new knowledge or new technology in order to succeed in achieving their innovation. The knowledge or technology must be developed through R&D activities using recognised methodology for research and development.
The Project Owner (company) or collaborating company partners in the project may contract research organisations (universities, university colleges, research institutes) or other independent suppliers of R&D services to perform R&D tasks and assist with quality assurance.
The scope and risk profile of the project must be such that the companies would not be able to carry out the project without public funding.
The project must incorporate clear targets and a concrete plan for carrying out the R&D activities under the project and for utilising the results.