The key to future cooperation in the Arctic lies in the hands of the youth. The younger generations of the Arctic will be responsible for the future sustainable development of the region, and their skills in innovation and entrepreneurship are a precondition for future economic growth and social development. Therefore, the Governments of Denmark, Greenland, the Faroe Islands and Iceland have chosen to acknowledge youth as a key political priority. Arctic Future Challenge has been created and the concept of the idea was launched at the Arctic Circle Assembly in Iceland in October 2019 by the Danish Minister for Foreign Affairs, Jeppe Kofod. The aim of the competition is to strengthen entrepreneurship and innovation among the Arctic youth, and to create awareness of the Arctic as a region with entrepreneurial business and investment potential.
A public tender for bids for this project resulted in several competitive proposals. The contract was awarded to the winning bidder, Kisserup International Trade Roots (www.kisserup.com) in partnership with Global Startup Awards (www.globalstartupawards.com). Global Startup Awards started in the Nordics, Denmark in 2012, and works with local partners to find those companies and individuals that have gone on to become a game changer or inspiration to others. Global Startup Awards is already present in over 60 countries of three continents and growing fast. Kisserup is a global consultancy firm founded in 1998 and is focused on entrepreneurship, capacity building and sustainable development of micro, small and medium size businesses around the world. Today, Kisserup’s global presence includes direct project experience and a network of experts in over 90 countries and Kisserup has offices in Canada, Denmark and Greenland.
Arctic Future Challenge Overview
The competition is based upon a detailed framework to encourage youth participating or interested in participating in entrepreneurship a forum to showcase the businesses, or business concepts. The competition will be completed as an award show taking place at the Arctic Circle Assembly Conference in Iceland in October 2020.
Youth ages 18-29 years living in and/or studying in an educational institution or operating a business in one of the Arctic countries.
Arctic regions in the Arctic countries: Greenland, the Faroe Islands (The Kingdom of Denmark), Canada, Finland, Iceland, Norway, Russia, Sweden and the United States.