Applications for funding for public benefit purposes
You will find information and guidelines regarding how to apply for funding for your project below.
Applications for research prizes and grants in accordance with article 7a may only be made subsequent to announcements. § 7a: Funding may be awarded for purposes within the fields of mathematics, the natural sciences and medicine.
As a part of the funds that the board makes available for this purpose, the following prizes may be awarded:
- Up to ten awards of NOK 500,000 – five hundred thousand kroner – each may be provided to Norwegian and overseas academic researchers for excellence in the teaching of students within the fields of mathematics, the natural sciences and medicine at Norwegian educational institutions. Funding may also be allocated to research projects, provided that the acquired knowledge is disseminated at Norwegian educational institutions. The board shall appoint a professional council of three members, who will make recommendations regarding the awards to the board. The council shall be composed of members from a broad range of disciplines within the fields of mathematics, the natural sciences and medicine.
- An international prize of NOK 5,000,000 – five million kroner – may be awarded for outstanding research within the fields of mathematics, the natural sciences and medicine. The board of directors shall appoint a professional council of three members, who will make recommendations regarding the award to the board. Two of the members shall be selected alternately from among members of the other Nordic academies of science than the Norwegian one. The award is not limited to the Nordic countries. The board may provide additional guidelines for the award.
Announcement of the award is undertaken in accordance with article 7a in around April each year.
This year's research awards
This year’s winners of the Olav Thon Foundation 2020
For the sixth consecutive year, the Olav Thon Foundation announce awards for research and teaching internationally and nationally, as well as financial support for Nordic research in medicine and national student active research 2020.
Applications for funding in accordance with articles 7(b), 7(c) and 7(d) may only be made in accordance with determined guidelines – apply here.
- § 7b
FUNDING MAY BE PROVIDED FOR PUBLIC BENEFIT PURPOSES IN NORWAY
- § 7c
FUNDING MAY BE PROVIDED FOR THE ACQUISITION/CONSTRUCTION OF REAL ESTATE FOR USE IN PUBLIC BENEFIT PURPOSES
- § 7d
FUNDING MAY BE PROVIDED TO OLAV THONS LEGAT, PROVIDED THAT THIS FOUNDATION HAS PUBLIC BENEFIT PURPOSES
Funding is not provided for political or religious purposes. The board determines the scope of the annual funding to be awarded.
The total funding for a single calendar year shall have an upper limit of NOK 50,000,000 – fifty million kroner. For individual years, under exceptional circumstances, the board may increase this sum to NOK 100,000,000 – one hundred million kroner. Such decisions require unanimity among the foundation-appointed board members.
Funding for public benefit purposes shall be awarded in accordance with detailed guidelines provided by Olav Thon. The board is otherwise free to determine the purposes for which funding shall be awarded at any given time, and the manner in which the funding shall be provided.
2015 - 2020
Read more about previous awards
In 2013 Olav Thon transferred the majority of his assets that was shares in Olav Thon Gruppen AS, worth NOK 25 billion, to the Olav Thon Foundation.