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Why are we scrapping inexpensive and successful innovation funding initiatives?

The Norwegian government has decided to phase out the country’s Regional Research Funds. This is incomprehensible to those of us who have watched this initiative function successfully as a springboard for green innovation and transition in many small businesses.
United States Moi Rana Java Ocean Oxford Research Green Norwegian Companies To Research Council Of Norway
Source: sintef.no

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Ocean 14 Fund tops €150 million target and invests in novel scallop fishing technology company

The Ocean 14 Capital Fund, which has invested in a number of aquaculture operations in a bid to improve marine health, has received a €20 million investment from Convex Group, taking it past its €150 million funding goal.
Java Ocean Gorell Barnes Capital Fund Norwegian Institute For Marine Research Norwegian Institute Marine Research

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