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Innovation Norway Innovation Loans

Innovation Loan (Innovasjonslån / Risikolån)

Invests Norway firms in risk-capital alternatives for innovative firms through structured financing and growth-oriented milestones.

Innovation Loans (Innovasjonslån, also Risikolån) provide debt financing for innovation projects where traditional bank financing is not feasible. The loans are designed for growth-stage SMEs and companies with capital-intensive R&D, market expansion, or commercialisation needs.

Loan amounts typically range from NOK 1 million to NOK 50 million per company. Interest rates and security requirements

Norwegian innovation projects requiring risk capital where traditional bank financing is not feasible. Used across sectors for growth-stage SMEs with capital-intensive R&D, market expansion, or commercialisation needs.

CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.12 weeks
Project durationiHow long the funded work is expected to run.
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Loan
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.NOK 2B

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Last verified: 24 Jul 2026Source: en.innovasjonnorge.no