The Norwegians are coming

Norway’s rise as a major technology innovation hub

  • Investors in Norway are increasingly active — with small but growing deal flow, Angels and VCs are more active and engaged in the ecosystem. Even without investing they are adding value in educating entrepreneurs and the ecosystem as a whole.
  • Crowdfunding in Norway is becoming increasingly popular — the start-ups pitching opportunities at the event was quickly oversubscribed and the public’s level of trust meant this could potentially be a new investment opportunity for the average oil-rich Norwegian.
  • Most start-ups in Norway are still at ‘Garage stage’ and many are happy with only serving the Norwegian or Nordic market. However, those same companies are also well looked after by the incubators such as StartupLab, MESH and the Factory. With their international network and the sheer volume of start-ups means we could see the next Nordic Unicorn being Norway’s first.

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