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The pilot project Nordic Entrepreneurship Islands addresses the educational and new business venture challenges on seven selected Nordic islands. The project also addresses the opportunities and potential arising from an increased focus on entrepreneurship education and startup capital for student startups on the islands. The current state of the seven Nordic islands is described through a mapping of the existing spread of entrepreneurship education at the upper secondary and tertiary education levels. This is followed by a presentation, in the form of an informed forecast, of what the future could look like. Each island forecast is given as the possible percentage increase in students receiving entrepreneurship education, student startups receiving a Micro Grant, and the annual costs involved with the attainment of these increases during a five-year period, from 2015/2016 to 2020/2021.