The Nordic Council of Ministers (NCM) – in close cooperation with the Arctic Economic Council (AEC) – has financed an “Arctic Business Analysis” with the aim of qualifying the current knowledge on the business environment in the Arctic. The aim of the analysis is to use the knowledge to enable further economic development in the Arctic. An external consultancy consortium, Voluntas Advisory and the Confederation of Danish Industry, was chosen to conduct the Arctic Business Analysis with an overall aim of identifying barriers and enablers that drive and hinder business development in the Arctic as well as uncovering knowledge gaps. The analysis focuses on business development cases that could be scaled to other themes and geographical areas. Thus it represents important practical lessons learned for other companies and to stakeholders aiming at supporting Arctic business development.
The work on the analysis has been ongoing since early 2017, and the Arctic Business Analysis will be presented at the Arctic Frontiers conference in Tromsø at a joint side event between AEC and NCM.

The report focuses on the following themes:
• Entrepreneurship & Innovation
• Public Private Partnerships & Business Cooperation
• Cultural and Creative Industries
• Bio-Economy

The side event will present and highlight the key findings of the Arctic Business Analysis. This will form the backdrop for discussions in a business panel. The central question will be how the business community can use these findings moving forward.

Date: Tuesday January 23rd
Time: 10.30 – 12.00
Venue: Radisson Blu Hotel, Tromsøsal 2

Moderator/opening remarks: Erling Kvadsheim, Vice Chair, Arctic Economic Council

• Anu Fredrikson, Director, Arctic Economic Council Secretariat: Key findings from the Arctic Business Analysis

Part 1: Keynotes
• Erling Kvadsheim, Vice Chair, Arctic Economic Council: “Developing sustainable pan-Arctic business -the role of the AEC”
• Tómas Orri Ragnarsson,  Nordic Council of Ministers: “Fostering Nordic Cooperation in the Arctic”
• Ambassador Ide, Senior Arctic Official of Japan/Ambassador for International Economic Affairs

Part 2: Panel discussion: How can businesses benefit from the Arctic Business Analysis?
Lars Teodor Kintel, Bioway AS: Innovation and Entrepreneurship – Practical examples from the Arctic
Jacob Adams , Averdi: Indigenous Economic development
Creative Producer Emile Peronard: How to increase the Cultural and Creative Industries in the Arctic, in particular the film industry
Christian Vintergaard, CEO of Fonden for Entreprenørskab: Entrepreneurship education in the Arctic. Case Greenland

Q & A
Final remarks: Erling Kvadsheim, Vice Chair, Arctic Economic Council

Read more and register for Arctic Frontiers here.
The preliminary findings of the Arctic Business Analysis were presented at an Arctic Circle conference side event in October.