2. We contribute to
• Innovation in Norwegian trade
and industry
• Making Norwegian businesses
competitive domestically and
internationally
• Promoting the reputation of
Norwegian businesses
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3. Our services
Financing
services
Promotional
services
Networking
Competence services
services Advisory
services
3
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4. Industrial Research and development
Program (IRD)-programme
Targets
• New business relations and
partnerships based on
cooperation in development
• To succeed in
commercialization and
marketing of new products
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5. An opportunity for foreign companies
because:
• …they want to build new business
relations and partnerships based
on co-operation in the process of
developing new products.
• … they want to have access to
innovative and highly competent
Norwegian companies. (SMEs)
• … they want to use the support
from Innovation Norway to
stimulate new partnerships.
5
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6. The role of the demanding customer:
• Active participation in the
project and with good
references and market
channels
• Polish companies typically
provides time in requirement
specification and acceptance
testing / pilot production.
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7. The roles of the actors
Demanding customer (Foreign
company)
•States requirements for new
products or solutions for a global
market. Norwegian Supplier
• Provides product and
References and market
services from R&D
channels New
products
IRD-contract: Norwegian
Demanding
customer company
Market driven (SME)
innovation
Innovation Norway
•Support the business relations
>>> Back to index •Covers part of the R&D-costs
9. GIEK offers financial guarantees
• The aim is to promote Norwegian exports
• Guarantees are subject OECD export credit rules
• GIEK guarantees the funding bank, taking the commercial,
and/or the political risk on the project
• The funding bank is normally Export Credit Norway, but
GIEK may also guarantee other international banks.
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10. Owned by Norwegian Government
• Fully owned by the Norwegian
government
• politically independent
• Main guarantee limit of NOK 120
Billion
• abt. PLN 60 Billion
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11. Export Credit Norway
• Fully owned by the Norwegian Ministry of Trade and
Industry.
• “OECD Arrangement on Government Supported Export
Credits”.
• Export Credit Norway plays an important role in the
Government Supported Export Credits by providing Long-
term and stable funding.
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12. CIRR – loans (Commercial Interest Reference Rate)
• A CIRR loan is fixed for each currency and are quoted
every months.
• Example 15th Nov: 5,17%/pa based on PLN.
• The loan repayment period is from 2 to 12 years.
• For some purposes, may be extended up to 18y
• Export Credit Norway offers export financing for up to
85% of the export contract value.
• All loans must be guaranteed.
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13. NORDIC INVESTMENT BANK
NORDIC INVESTMENT BANK
• Founded by the Nordic countries in 1975
• Headquarters in Helsinki, 190 staff
• Lending in both member countries and
focus countries
• Environmental and Competitiveness
mandate
• AAA/Aaa credit rating
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14. NORDIC INVESTMENT BANK
Bank Ochrony Srodowiska
• Loan programme totalling EUR 30 million
• For projects that improve the environment, providing in
particular:
• renewable energy solutions
• energy-efficiency measures
• wastewater treatment systems.
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15. Summing up
• Norwegian companies can and will contribute in
meeting Poland’s requests for eco-friendly solutions.
• Projects may e.g. be part financed by
• Grants and loans from Innovation Norway
• Norwegian Government Guarantees
• Norwegian Government Export Financing
• Nordic Investment Bank e.g. via BOS in Poland
>>> Back to index 15
Editor's Notes
Basic informationNorthern Europe’s International Financial Institution (IFI)NIB is a government-owned international financial institution (IFI) that operates on commercially sound banking principles. The Bank was founded by the five Nordic countries—Denmark, Finland, Iceland, Norway and Sweden—and started operations in 1976. In January 2005, Estonia, Latvia and Lithuania became members of the Bank. NIB’s headquarters is situated in Helsinki, the capital of Finland.NIB acquires the funds for its lending by borrowing on the international capital markets. NIB’s bonds enjoy the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.
