The foundation aims to support socially beneficial initiatives in Greenland, with a particular focus on promoting Greenland's business sector.

The foundation primarily supports large projects, preferably within the following areas:

• Research and education
• Labor market
• Corporate social responsibility and anti-corruption
• Export
• Communication and information technology
• Climate and environment
• Oil and mineral industry
• Tourism
• Land-based industries
• New business opportunities in the Arctic

The Business Foundation’s board meets quarterly to review incoming applications.

Application
A written application must be submitted to the Business Foundation, including the following information:

Contact details: First and last name, Company name, CVR number, Address, Email, Phone number.
A strong application should include a description of the project/purpose:

• Introduction of the applicant(s)
• Purpose of the requested funding
• Project description or Business strategy/plan
• Desired funding amount
• Overall financing plan
• Budget for the project/start-up/operations (potentially over several years)
• Potential partners
• Other funding applications/grants received
• If yes, specify from whom and the amount granted
• Previous support from the Business Foundation
• If yes, specify the year and the amount received

Supporting documentation (if applicable) may include:

• Business plan
• Overall financing plan
• Budgets, including assumptions and expected results
• Recommendations for the project

There are no formal requirements for the application format.

Submit your application via email to: erhvervsfonden@banken.gl

Or by post to:
Grønlandsbanken’s Business Foundation
P.O. Box 1033
3900 Nuuk