The Norwegians are coming

Norway’s rise as a major technology innovation hub

Last month I had the pleasure of co-hosting Oslo Fintech Fest, the biggest fintech event in the Nordics which was attended by many influential thought-leaders, entrepreneurs & investors. In only its second year running, this event was a great success with attendee numbers having increased from just shy of 300 last year to 1,000 this year. It was clear to me that Oslo is serious about making its mark as a fintech hub!

  • 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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