The Research council will distribute millions to student entrepreneurs

Research will distribute millions of student entrepreneursOslo. Minister of Trade and Industry Monica Mæland ( Conservative Party ) Photo: Gorm Kallestad / NTB scanpix

Students who dream of becoming entrepreneurs, may for the first time apply for grants from the Research Council.The Council has 25 million available in a new grant scheme.

The aim of the scheme, which has been named StudENT are “more entrepreneurs and new successful companies based on ideas of the students,” the Council writes.
– We want more students to use the knowledge they have gained through their studies to become entrepreneurs,  Minister of Trade and Industry Monica Mæland, who launched  StudENT with the research council’s director Hallén on Wednesday. says,
– There are several good examples of Norwegian companies started by students, but we think there is an even greater potential for such companies. Our hope is that the scheme will mean that more people will get the opportunity to realize good ideas and create new businesses,  Hallén says.
Student entrepreneurs who have just completed a master’s degree and receive grants from StudEnt, may get up to 1 million in a year. The money is to be used  in the full time work  of realizing an idea, and they can be used both to pay wages to employees and to pay the cost of developing the business or company. This year the deadlines for applying for the grants are in May and October, and according to the description of the scheme, up to 25 million NOK are available this year


Source: NTB scanpix / Norway Today