Nordic Innovation is a Nordic institution working to promote cross-border trade and innovation.
Working under the auspices of the Nordic Council of Ministers, Nordic Innovation is a key player in implementing the Nordic trade, industry and innovation partnership programme.
Vision: The Nordic countries as a world-leading region for innovation and sustainable growth.
Mission: To generate increased value creation through cross-border co-operation.
Target groups and stakeholders: Nordic Innovation was established in order to help make Nordic businesses competitive and innovative.
Nordic Innovation aims to reach its target groups by creating partnerships between leading Nordic public and private sector institutions in the fields of trade and innovation.
Nordic Innovation will:
- Stimulate innovation
- Build relationships
- Break down barriers
- Fostering co-operation
- Taking the initiative
- Exercising expertise
Nordic Innovation will be known for its:
- International overview – Nordic insight
Nordic Innovation defines innovation as new products, services, markets, processes or organisational models that create financial benefits or otherwise are of value to society. Innovation takes place in companies and with public sector service providers and is important in all industries and sectors.
This calls for a broad approach to innovation, whereby there may be a number of sources of innovation and a number of types of innovation. We are also keen to encourage innovation in all industries and sectors, including in public administration.
“Nordic added value” is gained when cross-border co-operation between organisations generates more value than would be the case by only working nationally.
By the promotion of cross-border trade, we mean measures that encourage new start-ups and market opportunities along with increased trade in goods, services and capital in the Nordic region and in the EU. In order for the Nordic countries to become an attractive region for investment, Nordic Innovation will help draw up shared regulations and standards.