The BIN project is an effort drive sustainable development through increasing awareness of business opportunities in the Arctic. Overall, the aim of this project is to set up a recurring, knowledge based information tool for stakeholders. This tool is to be widely used and referenced by businesses, academics, governments and regional authorities, as well as media and other stakeholders in the Arctic states.
One of the main outputs will be a periodic analytical report “Business Index North”. The report contributes to understanding the Arctic is and its regions.
- Businesses should be able to use it to get better knowledge about economic developments, investment opportunities and challenges in the Arctic.
- Local, regional, national authorities would be able to easier identify problems and regional development opportunities, actions to be taken, plans for the future to be made.
- For media stakeholders, the report will make it easier to describe the development in a reliable way.
The BIN project is developed through strategic partnership between academic and research institutions, authorities and commercial partners from Norway, Russia, Sweden, Finland. The first versions of BIN will cover developments in the northern parts of the participating countries. The ambition is to involve partners from other countries around the polar circle: US, Canada, Denmark, Greenland, Iceland to cover the circumpolar Arctic.
Main implementing partner, responsible for administration of basic funds of the project, is High North Center at Nord University Business School.