The Royal Norwegian Society for Development (Norges Vel) is working on sustainable, environmentally friendly business development both internationally and in Norway. We develop thriving local communities by utilising local resources and ensuring that the value created is invested locally. We focus on agriculture, aquaculture and renewable energy.
In Norway, viable communities are characterized by a certain population base and job opportunities in a geographical area where people live and feel social belonging. For many communities depopulation is an issue. In addition to this, we are seeing a necessity for more environmentally friendly businesses as climate change becomes a challenge. This requires conversion and Norges Vel helps green industries such as food production and renewable energy create jobs and values for local communities.
Internationally the overarching goal is to reduce poverty by helping local economic growth through business development. We primarily focus on men and women who make a living through agriculture and marine resources. Norges Vel helps local communities increase revenues and the number of jobs through sustainable use of local natural resources.
Proven approach for development
Our approach is the same as when established: Co-operation, sharing of knowledge and entrepreneurship. In all of Norges Vel's work, whether it is in Norway or a village in Africa, the founders and initiators are at the centre of our commitment. Our work is efficiently organised and utilises co-operative solutions. By using our substantial experience within the development of value chains as well as research results we promote innovation and new business.
Endowments for business development
Norges Vel's Endowments for business development supports projects and measures that contribute to the creation or development of nature-based businesses. The endowments that Norges Vel grants was given as testamentary gifts.
Honours for development and employment
During the 19th century Norges Vel instituted a series of prizes and medals to honour efforts of benefit to the community. The goal being to build up the country by encouraging business development with food production and craftsmanship of good quality. The two most important honours are still maintained:
Norges Vel's Entrepreneurship Award is given to people who have made a special effort in their local community, organisation, or company.
The Medal for Long and Faithful Service is a unique distinction with lasting traditions, and has been awarded since 1888. The Royal Norwegian Society for Development, Norges Vel, bestows the award to highlight and honour a dedication to work.