The UArctic Entrepreneurship Fund supports the development of new services and products in the incubator stage that have a direct, beneficial impact on the Arctic environment or Arctic communities. The Fund aims to highlight and advance innovative and inspiring entrepreneurial ideas focused on the North.

“We’d like to extend our congratulations to the winners and express our gratitude for their contributions to advancing entrepreneurship in the Arctic. Their projects embody the principles of responsible and inclusive entrepreneurship, aligning with UArctic's mission to promote cooperation, education, and research in the Arctic. As we celebrate their achievements, we look forward to witnessing the impact of their initiatives on the Arctic community,” says Lars Kullerud, President of UArctic.

The 2023 recipients of the UArctic Entrepreneurship Fund:

$5,000 - Mariia Osipova (Lead) - CHUMM - The Home of Indigenous Art – An online showcase and marketplace for Indigenous artists offering the opportunity to demonstrate a unique and authentic collection of artworks. To provide economic opportunities, preserve cultural heritage, and promote sustainable practices.


$5000 - Ernst Holm, Magne Vethal Kanneworff, Lucas RønneJeppesen, Nicoline Louise Thomsen, Magnus Frederiksen, Youssef Walid Abdel Rahman- Arctic Maritime drone platform to solve arctic environmental problems.


$9250 - Samson Steindal Vonen (Lead) CapiPro SB - Waste into Profit – Student company aiming to produce Capitella Teleta, extract protein, amino acids, and Omega 3-acids. These raw products will be sold to feed companies as healthy and locally produced feed materials.



“The selected winners have demonstrated exceptional creativity, resilience, and a deep understanding of the unique challenges and opportunities within the Arctic context,” comments Michael Carey, Managing Partner, COO of Canard Group, LLC, and supporter of the fund. "We are excited to announce our inaugural Entrepreneurship Fund winners. Each winning submission has a unique and direct plan for a positive impact on the Arctic. It is our hope that continued investment in Arctic entrepreneurship and industry will empower northern communities with the social tools needed to tackle and thrive in an ever-changing climate."

Congratulations to all our winners, and thank you to everyone who applied in the 2023 call!

Read more about the UArctic Entrepreneurship Fund.