Faroe Islands Fisheries Research Fund (Restructured)
Enriched Nordic · Found: 2026-03-10 14:09
Strategic initiative by the Faroe Islands Ministry of Fisheries designed to stimulate R&D projects enhancing the Faroese fishing industry competitiveness and sustainability. Recently restructured to bolster commercial innovation and champion sustainable fishing practices.
Funding Details
- Funder
- Government of the Faroe Islands, Ministry of Fisheries (Fiskivinnuroyndir programme)
- Funding Goal
- Support commercial research, development, and innovation projects within the Faroese fishing industry, with emphasis on value creation, onshore utilisation (All Ashore), and sustainable fishing practices. Includes both smaller projects and larger flagship collaborations between Faroese businesses and research institutions.
- Funding Amount
- Total annual budget over 4 million DKK (~EUR 536,000+). Smaller projects: up to 1 million DKK (~EUR 134,000). Flagship projects: over 3 million DKK (~EUR 402,000+) for mandatory business-research institution collaborations. (up to 402.000 €)
- Deadline
- Annual; smaller projects typically deadline in January, flagship projects in April (periodic)
- How to Apply
- Applications reviewed by the Board of Fisheries Research and Development (Fiskivinnuroyndir). Process managed by the Faroese Ministry of Fisheries. Applicants submit proposals within the relevant scheme category.
- Target Region
- Faroe Islands
- Contact
- Ministry of Fisheries, Government of the Faroe Islands. Contact: Jóhan Christiansen (Minister as of 2025).
- Last Checked
- 2026-03-15 14:17
Application Checklist
Eligibility
Project Scope
Required Documents
Constraints
Summary
The Faroese Fisheries Research and Development programme (Fiskivinnuroyndir), administered by the Government of the Faroe Islands through the Ministry of Fisheries, supports commercial research, development, and innovation projects within the Faroese fishing industry. The programme was restructured in 2025 to place greater emphasis on commercial outcomes and collaboration between industry and research institutions. Thematically, the 2025 call identified three prioritised areas for flagship projects: (1) Value Creation, focused on extracting greater economic value from fisheries resources; (2) All Ashore, focused on onshore utilisation of catches; and (3) Sustainable Fishing, addressing the sustainability of fishing practices and resource management. Smaller projects may cover a broader range of fisheries-related R&D topics. Eligible activities include research, development, and innovation projects, including PhD research. Flagship projects require a mandatory collaboration between a Faroese business and a Faroese research institution. Smaller projects appear to be more flexible in terms of eligible applicants and topics. Geographically, the programme is exclusively focused on the Faroe Islands and Faroese fishing industry operations. Only Faroese entities (businesses and research institutions) are eligible to apply. Eligible applicants for flagship projects must be partnerships between a Faroese commercial entity and a Faroese research institution. Smaller project applicants appear to be Faroese entities more broadly. The primary target beneficiaries are the Faroese fishing industry and associated research sector. The total annual programme budget is over 4 million DKK (~EUR 536,000+). Smaller projects receive up to 1 million DKK (~EUR 134,000) in total, while flagship projects receive over 3 million DKK (~EUR 402,000+). The programme operates on an annual call cycle.
Historical Context
The Fiskivinnuroyndir programme was restructured in 2025 to place greater emphasis on commercial innovation. It was reorganised into two distinct schemes: smaller projects and flagship projects. In 2025, 18 applications were received for smaller projects (5 supported + 1 ongoing continued) and 6 applications for flagship projects (4 recommended for support).
Why it was added
Core Faroese fisheries innovation funding, recently restructured for sustainability focus