Client: Ministry of Foreign Affairs of Denmark in collaboration with the Governments of Denmark, Iceland, Faroe Islands, and Greenland
Origin of funding: The Nordic Council of Ministers and the Governments of Denmark, Iceland, Faroe Islands and Greenland.
Country(s): Greenland, the Faroe Islands (The Kingdom of Denmark), Canada, Finland, Iceland,
Norway, Russia, Sweden, and the United States
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 chose to acknowledge youth as a key political priority.
Arctic Future Challenge was created, and the concept of the idea was launched at the Arctic Circle Assembly in Iceland in October 2019 by the Danish Minister of Foreign Affairs. The aim of the competition was 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 in partnership with Global Startup Awards.
The Arctic Future Challenge took place in the Arctic regions of the Arctic countries for youth ages 18-29 over the course of 2020. There were three competition categories: