Innovasjon Norge (Innovation Norway)

Innovasjon Norge, known internationally as Innovation Norway, is the Norwegian Government’s most important instrument for innovation and development of Norwegian enterprises and industry. Established in 2004 through a merger of several governmental bodies, its primary mission is to help Norwegian businesses grow, become more competitive, and contribute to sustainable economic development across the country.

The organization operates under the mandate of the Ministry of Trade, Industry and Fisheries and the Ministry of Local Government and Regional Development. This dual responsibility reflects Innovasjon Norge’s commitment to both national economic goals and regional development priorities. It seeks to achieve these goals through a wide range of services, including financial support, advisory services, networking opportunities, and competence building programs.

A key function of Innovasjon Norge is providing financial support to businesses at various stages of development. This support can take the form of grants, loans, and guarantees, tailored to specific needs and projects. Early-stage companies with innovative ideas can receive seed funding to help them validate their concepts and build their businesses. Established companies can access funding for expansion, internationalization, and research and development projects. Innovasjon Norge particularly emphasizes supporting projects that contribute to sustainability, digitalization, and the green transition.

Beyond financial assistance, Innovasjon Norge offers a comprehensive suite of advisory services. Business advisors provide guidance on business planning, market analysis, international market entry, intellectual property rights, and other crucial aspects of business development. They work closely with businesses to identify opportunities, develop strategies, and overcome challenges. These advisors possess in-depth knowledge of various industries and regions, allowing them to provide tailored and relevant advice.

Recognizing the importance of collaboration and knowledge sharing, Innovasjon Norge facilitates networking opportunities for businesses. It organizes events, workshops, and conferences that bring together entrepreneurs, investors, researchers, and industry experts. These platforms enable businesses to connect with potential partners, learn from best practices, and explore new opportunities. They also play a crucial role in fostering a vibrant innovation ecosystem in Norway.

Innovasjon Norge also plays a vital role in promoting Norway as an attractive destination for foreign investment and tourism. It works to showcase Norwegian innovation and expertise to the world and helps foreign companies establish operations in Norway. Furthermore, the organization supports the development of sustainable tourism by providing funding and guidance to tourism businesses and destinations.

In essence, Innovasjon Norge acts as a catalyst for economic growth and innovation in Norway. By providing financial support, advisory services, and networking opportunities, it empowers Norwegian businesses to compete globally and contribute to a sustainable and prosperous future for the country. Its focus on innovation, sustainability, and regional development makes it a crucial player in shaping the Norwegian economy.