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Record growth in R&D spending

The ocean industries in Møre and Romsdal has a record growth in R&D spending. From 2014 to 2015 the costs of internal corporate R&D has increased by 62 percent.

Blue Maritime Cluster

62 percent growth

Recent figures from Statistics Norway show a growth of 62 percent in corporate initiated research in Møre og Romsdal from 2014 to 2015.

It is a very positive development that shows that the corporate sector initiates a large number of research and development projects in the wake of the downturn in the oil industry, says Arthur Almestad in the Norwegian Research Council

"Skattefunn" for NOK 1.5 billion

In Norway much of the research funding goes directly to the big university cities. But when it comes to corporate research Møre and Romsdal is on top. The region scores particularly high on "Skattefunn" which is a tax credit scheme. In 2016, the total budgeted project costs in "SkatteFUNN" projects summed up to 1.5 billion NOK.

- The industry show an enormous adaptability and are investing heavily in research and development. This will contribute to increased value creation in the coming years, says Per Erik Dalen in GCE Blue Maritime Cluster

Open Day 21st of March

Learn more about SkatteFUNN and how research and development can become part of the innovation process in your company.

Register here!