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Nordic Circular Hotspot

Nordic Innovation

Nordic Innovation is a key institution under the Nordic Council of Ministers, responsible for promoting cross-border collaboration and sustainable economic growth across the five Nordic countries: Denmark, Finland, Iceland, Norway, and Sweden.

The organization plays a pivotal role in driving innovation by funding programs and initiatives that advance sustainability, digitalization, healthcare, and circular economy practices throughout the region. Nordic Innovation’s mission is to make the Nordic region a global leader in sustainable development, creating an integrated and competitive Nordic market that thrives on green growth and innovation.

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One of the organization’s primary focuses is fostering collaboration between private and public sectors, as well as research institutions, to accelerate the development and adoption of sustainable business models. Nordic Innovation is known for its ability to bring together stakeholders from various sectors to co-create solutions to some of the world’s most pressing challenges, including climate change, resource efficiency, and the transition to a circular economy.

In the circular economy space, Nordic Innovation has led numerous initiatives aimed at transforming how resources are used and reused within industries. These projects include funding circular business models, supporting startups with circular solutions, and advancing circular economy practices in areas such as construction, food production, and manufacturing. By promoting systemic change, Nordic Innovation ensures that the region remains at the forefront of the global transition toward sustainable economic models.

A significant part of Nordic Innovation’s work is developing programs that support the Nordic countries in achieving their shared goal of becoming the most sustainable and integrated region by 2030. Through programs such as Circular Economy Nordic, Nordic Innovation helps businesses transition from linear to circular models by offering funding, expertise, and networks that support innovation at all stages of the business lifecycle. These initiatives not only boost competitiveness but also create resilient and future-proof economies in the Nordic region.

Partnership with Nordic Circular Hotspot:

Nordic Innovation is Nordic Circular Hotspot's most important partner, providing vital funding that enables NCH to carry out its mission of promoting circular economy initiatives across the region. Their support has been instrumental in shaping NCH’s activities, including large-scale projects and the coordination of multiple stakeholders involved in the circular transition. Additionally, Nordic Innovation collaborates closely with NCH on programming key events such as the Nordic Circular Summit, where stakeholders from across the region gather to share knowledge, explore opportunities, and drive the circular economy forward.

Over the years, Nordic Innovation has been involved in several joint initiatives with NCH, helping to facilitate cross-border collaborations and bringing Nordic countries together to tackle common sustainability challenges. Their joint efforts have also extended into workshops, educational programs, and industry-specific circular economy initiatives, making Nordic Innovation a cornerstone in the Nordic region's efforts to lead the global transition to a circular and sustainable economy.